Newmark is pleased to announce availabilities at a new, 25-acre industrial/office park development–Warner Business Park–at 8350 Warner Road in Plain City, Ohio. Warner Business Park is a master-planned development consisting of office, medical, Class A flex space, warehouse facilities and large build-to-suit pad sites with dock and drive-in doors.
The development offers 275,000 square feet of build-to-suit space, with sites for lease ranging in size from 5,000 to 50,000 square feet. The company broke ground on the first 30,000-square-foot site, which will be divisible down to a tenant size of 3,000 square feet. Final development plan approval was received on September 14th and construction has commenced. The building is scheduled for shell completion on December 19, 2020.
Newmark Director Eric Shea, SIOR represents the landlord, The Pagura Company, in the listing. In 1997, Shea handled the marketing of The Pagura Company’s first industrial development–an 80-acre industrial park called 8100 Corporate Center located just 200 yards from the Warner Business Park site.
“Companies serving the northern half of Columbus will benefit from the park’s location, providing quick access to I-270 from Route 33,” said Steve Pagura, owner of The Pagura Company, the site developer. “As the areas along the northern arc of Columbus have grown, land sites for industrial use have become scarce. With the nearby development of Costco and surrounding retail, the new FedEx facility and the Post Road interchange upgrades, the immediate area has matured, and the development is a great opportunity for companies looking to rent or own.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,800 professionals operate from approximately 500 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.