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Chicago & Midwest  + Midwest  + Healthcare  |  August 19, 2021
medical office building 5040 Forest Drive New Albany Ohio
Paul Bubny
By: Paul Bubny

CBRE Arranges Three Leases at Columbus-Area MOB

CBRE announced today it has arranged three leases since March at 5040 Forest Dr., a two-story medical office building in New Albany, OH, northeast of Columbus. Together, the three transactions total 16,895 square feet. 

All three tenants—New Albany Endodontics, Capitol Pain and Ohio Dermatology Center—have signed leases on the second floor, which will now be fully occupied for the first time in 11 years. Lease terms weren’t disclosed. 

CBRE’s Molly Leach and Todd Payne represented Davis Healthcare Real Estate in the New Albany Endodontics transaction and Tenants Capitol Pain and Ohio Dermatology Center in the other two transactions.  

Leach credited Davis Property Management for its willingness to offer above-market tenant improvement allowances and for installing a new skybridge to connect to the Mount Carmel New Albany Surgical Hospital. 

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CBRE’s Leach

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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