Office i Ohio

Alterra purchases 86,000-square-foot office building in Columbus

Brad Kitchen, president of Alterra Real Estate Advisors, has purchased the five-story, 86,524-square-foot office building occupied by M/I Homes’ corporate office at 3 Easton Oval in the Easton Town Center mixed-use development in Columbus, Ohio.

The building was constructed for M/I Homes in 1995, and the company has owned and occupied it since that time. M/I will be vacating the building in the Spring of 2020 to move to slightly smaller space across the street in Easton.

Kitchen closed on the property on Dec. 31 for $6.5 million and plans to renovate the building, including updating the building lobby and tenant spaces, making the property available for lease to accommodate tenants ranging from 5,000 square feet to 86,524 square feet.

Kevin Serna with Liberty National Bank financed the purchase.