Thursday, November 01, 2007

TRIPLE NET ACQUIRES OFFICE SPACE ON E. MAIN ST.


Triple Net Properties LLC acquired two office buildings at 515 E. Main St. and 500 E. Main St. in Columbus, OH, from JDS Cos. for $21.9 million, or about $180 per square foot. The property at 515 E. Main St. is a five-story, 66,000-square-foot, Class B office building constructed in 2000. The property at 500 E. Main is a 56,000-square-foot, Class B office building constructed in 2002. Hunter Beebe of Shattuck Hammond Partners LLC represented the seller. Triple Net Properties was self-represented.
Triple Net Properties, LLC offers a diverse line of investment products as well as a full range of services, including asset and property
management
, brokerage, leasing, analysis and consultation. Led
by a management team with nearly 60 years in the investment business, Triple
Net's experienced employees are capable and motivated to perform, resulting
in our impressive track record. Our investors, tenants and industry partners
have come to trust Triple Net's company-wide standard of outstanding
service, integrity,and performance.

Which warrants the question, what plans do they have for the space?

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