Office i Ohio

Boulder Group closes $8.9 million sale of net leased JP Morgan Chase office property in Ohio

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Northbrook, Ill.-based Boulder Group recently completed the sale of a net leased JP Morgan Chase office property in Columbus for $8.9 million.

Northbrook, Ill.-based Boulder Group recently completed the sale of a net leased JP Morgan Chase office property in Columbus for $8.9 million.

The 84,000-square-foot JP Morgan Chase property was built in 1994 and renovated in 2004. The building is located just west of Interstate-270 and less than three miles north of the Columbus airport.

The building is part of a 580,000-square-foot JP Morgan Chase regional campus. The building is fully leased to JP Morgan Chase on a net lease basis with about two years of lease term remaining.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a private Chicago-based partnership. The buyer was an East Coast-based institution.

“The market for single-tenant office buildings leased to investment-grade-rated tenants remains robust as these assets are in high demand among investors,” said Randy Blankstein, president of The Boulder Group.