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Chicago & Midwest  + Midwest  + Office  |  June 26, 2018
Paul Bubny
By: Paul Bubny

Hunt Mortgage Refi’s Suburban Columbus Office

Hunt Mortgage Group has refinanced One Mill Run, a Class-A, suburban office property located in the Columbus suburb of Hilliard, OH. Hunt Mortgage’s total investment was $17 million.

The transaction was originated by Columbus-based MSF Real Estate Capital, which represented the borrower, Canada-based IMC Real Estate Investment. MSF’s Scott Moore spearheaded the placement of the transaction with Hunt.

Headed by Tom Marmaros, IMC has been an active buyer of Columbus-area office properties over the years. “Since purchasing One Mill Run in August 2014, the owner has reinvested approximately $2.5 million in the property by implementing capital and tenant improvements,” said Gregory Cazel, managing director at Hunt Mortgage.

“A significant number of leases have been executed or renewed within the past two years, and minimal rollover is expected in the near term,” he added. All eight of the property’s tenants are committed through at least 2022.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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