New medical office development coming to Gahanna

Original story by Tristan Navera, Columbus Business First

Developers are planning an $8.1 million medical office building in Gahanna, and it’s already almost leased up.

The two-story, 32,700-square-foot medical professional building is envisioned for a four-acre plot at the intersection of Tech Center Drive and Buckles Court.

Termed the Walnut Creek Medical Office Building, it already has three commitments that will fill up 90 percent of its space, said Denny Freudeman, president of developer Hplex Solutions of Lewis Center.

“That location is really convenient for the Gahanna market,” Freudeman said. “There does appear to be a lot of demand, a lot of independent physician groups looking for expansion opportunities.”

Hplex worked with two major prospective tenants looking for new space — Dr. Stephen Smith, owner Smith Facial Plastics, a plastic surgery practice, and Dr. Steven Balaloski of WomanKind Health, an OB/GYN. Both will move into the new building.

Smith Facial Plastics is based at 5175 Morse Road in Gahanna, while WomanKind currently has its offices at 4030 Easton Station with satellite offices in Canal Winchester and Pickerington.

Another 25 percent of the space will be leased to Central Ohio Primary Care for a family practice. The Westerville-based group has two pediatric practices in the Gahanna area now.

With these main leases secured, the facility is 90 percent pre-leased, and the developers think it will be fully leased by the time the building opens in late October or early November 2018.

“Demand seems pretty solid right now. We try to size our buildings, we don’t like to build a lot of spec space,” Freudeman said. “These projects are very expensive, they are designed with HVAC and plumbing demands.”

Hplex develops medical office properties, and it’s behind the $12 million, 50,000-square-foot independent medical office next to the new Mount Carmel Grove City hospital, which landed its own anchor tenant in Orthopedic One. Overall, it has about four other medical offices under development around Ohio.

The land is owned by Andre Buckles of Columbus. Worthington-based Civil & Environmental Consultants Inc. is the project’s engineer.

Companies Consider New Office Development in Gahanna

Original story by Tristan Navera, Columbus Business First

Three companies want to consolidate and put up an office building in Gahanna.

Gahanna City Council will vote Monday night on whether to sell the 4.4-acre, city-owned property at 785 Science Blvd. to the Gahanna Community Improvement Corp. for $300,000.

If the sale is approved, the improvement corporation would then sell it to the businesses for the same price and those companies would put up a 50,000-square-foot office building on the site.

The city also could offer a 15-year, 100 percent property tax abatement on the project, city documents show, as well as reimbursing $10,000 for site preparation costs and providing fiber-optic cables from the site to a nearby data center to help bring “better and cheaper technology services.”

A memo from the city notes that the companies are in engineering and software development. They would invest $6 million to buy the land and build and outfit the building, city documents show.

The developer is listed as Franklin Peak LLC, which state filings show was incorporated by Wil Schulze, founder and president of two companies: IJUS LLC, which now is based at 690 Taylor Road and works in engineering design, project management and other things; and Spida Software, which now is located at 560 Officenter Place and works in software, data management and consulting mainly for electronic and telecommunications providers.

A message was left with Schulze.

The project will retain 131 jobs in the city and allow the companies to continue to grow by 27 jobs over five years, with the average job bringing $66,207 in payroll, for a combined $10.5 million in annual payroll if completed.

The city says the three companies would vacate a combined 26,000 square feet of office space, which will mean “indirect” benefit once they are backfilled.

In return, the city will get $1.5 million in income tax and property sale revenue for the first 15 years, and then $3.4 million in income tax and Tax Increment Financing revenue for the next 15 years, it said.

City of Gahanna Among Top 10 Micro American Cities of the Future

The City of Gahanna has earned a spot among the Top 10 Micro American Cities of the Future by FDI (Foreign Direct Investment) in its latest report, American Cities of the Future. The report contains a list of cities within North America that rank in the top 10 in various economic indicators including Overall, Economic Potential, Human Capital and Lifestyle, Cost Effectiveness, Connectivity and Business Friendliness.

In addition to being awarded in the Overall category, the city was ranked 6th in Human Capital and Lifestyle categories and is among the Top 10 Micro American Cities for Connectivity.

Click here to read the full report.