Newmark facilitated the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a top-of-market mixed-use asset in the Polaris submarket of Columbus, Ohio.
The property was acquired by DFWLAND from a joint venture between VanTrust Real Estate and NP Limited Partnership.
A Newmark Capital Markets team, including Senior Managing Director Derek Fohl, Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood and Associate Director Jack Trager, in collaboration with Executive Vice President Jim Clark, represented seller VanTrust Real Estate in the transaction. Vice Chairman Gary Carr advised the buyer, DFWLAND, while Executive Managing Director Ari Schwartzbard and Vice Chairman Bill Weber arranged the financing. Associate Jake Paschen provided analytical support for the transaction.
Strategically positioned along Polaris Parkway, The Pointe at Polaris comprises 212,366 square feet of trophy office space and 33,071 square feet of curated retail space, complemented by luxury residential offerings. The property’s office component is fully leased to a diverse roster of established tenants, including Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is also fully leased to a mix of popular concepts such as Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea and Club Pilates.
The Pointe at Polaris offers seamless connectivity via Interstate 71 and sits within one of suburban Columbus’ most active commercial corridors, known for its concentration of retail, dining and employment centers. The asset further benefits from its immediate proximity to Polaris Fashion Place, one of the region’s most prominent retail destinations and a key driver of sustained tenant demand. The surrounding area continues to see strong interest from both tenants and investors, reinforcing Polaris as a preferred destination within the region.
This is the second time in the past year that Newmark has assisted DFWLAND with a key acquisition in the Midwest. The team previously worked with the same buyer in the $100 million acquisition of Park Place Village, a premier mixed-use asset in Suburban Kansas City.
