AVISON YOUNG AND CBRE FACILITATE 42,000-SQUARE-FOOT LEASE TO SPACES
25 Jan 2018
“Demand to be a part of the Spaces community continues to drive our expansion,” said Michael Berretta, Vice President of Network Development, Americas, Spaces. “Columbus and particularly the Short North neighborhood is the perfect location for our expanding network. Both established businesses and start-ups are choosing to call the area home. Spaces first location in Ohio will be a hub for entrepreneurs, innovators and leaders where they can network, create and grow.”
Avison Young Principal Scott Pickett along with brokers Tom Miles and Eric DeBold, who lead the firm’s agency leasing team in Columbus, represented The Wood Companies and Schiff Capital Group. After this 42,000-square-foot lease, this leaves only 25,000-square-feet remaining in the project, which includes 5,000-square-foot spaces on the second and third floor, and a 15,000-square-foot space on the seventh floor.
“The AY team is continuing to see strong demand for the remaining second, third, and seventh floors at this stunning project. A lease of this size really illustrates how the Short North is quickly becoming the place to be in Class-A office. With first-class amenities and an October completion date, the sought-after location should not be on the market much longer,” said Scott Pickett.
The property is in Columbus’ thriving neighborhood, the Short North Arts District. 711 N High Street is the largest and tallest Class-A office building developed in the Short North.
The Class-A, nine-story office and retail building is currently under construction and scheduled to be completed in October. The building has an impressive amenity package, including an attached parking garage, first floor lobby and concierge, fourth floor club room and terrace, and fitness center among others. Previously, Pillar Technology, a consulting firm that fuses technology with design thinking, marketing services, and thought leadership, signed a 25,000-square-foot lease for the eighth and ninth floors, and Cameron Mitchell signed two restaurants leases for new first floor and rooftop concepts.
“We are thrilled to be 75 percent leased with such quality tenants at this point in construction,” said MichaelSchiff, CEO of Schiff Capital Group.
Philip Pelok, senior vice president at CBRE, represented Spaces in the lease.
“Spaces is the premier home to the nation’s leading companies and inspiring start-ups,” said Mr. . “The Short North is one of the nation’s most talked about professional and social communities. Therefore, it’s no surprise that they chose the Wood/Schiff development at 711 North High with its central location and high-end appeal.”
For any questions regarding this transaction, or any other media inquiries, please contact Scott Picket at Avison Young – [email protected] | 614.545.3990.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.