Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Tapped to Sell Four-Story Office Building in Ohio
JLL has been tapped to lead the sale of 501 W. Schrock Road, a 60,133-square-foot office building in Westerville, Ohio.
JLL Managing Director Andy Dutcher is representing the undisclosed seller in the transaction. “This landmark property stands out as one of Columbus’ best office investments, thanks to its prominent location, limited nearby competition and versatile suite sizes,” said Dutcher. “It’s also a testament to the resilience of the office market.”
The property represents one of the first 100% leased, multi-tenant office investment opportunities in recent years, and the asking price of the building is $6.2 million. Located in the heart of the Schrock Road corridor in Westerville, the property is positioned with convenient access to I-270.
Spanning nearly five acres, 501 W. Schrock offers an outdoor amenity space for tenants and 270 parking spaces. According to a recent JLL report, the Columbus market demonstrated resilience with a positive year-to-date net absorption of 122,604 square feet, indicating signs of office stabilization.
