250 Progressive Way, Westerville, OH, 43082

250 Progressive Way Westerville, OH 43082

250 Progressive Way, Westerville, OH, 43082
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Dec 02, 2024

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Description

250 Progressive Way is a well maintained 114,761 SF office building located in the desirable Westerville submarket. The property sits on 9.42 acres with 539 auto parking spaces.

Originally constructed in 2001, the East wing of the building is two floors. The second phase of the building (West wing) was constructed in 2004 and has four floors. In 2005 a dramatic three floor vaulted glass atrium was constructed to connect the East and West buildings.

Although originally designed to be a single tenant building, the property could be demised to attract multiple tenants in varying size ranges. Typical floor plates for the property are 16,000± SF. Due to the high ceilings in the large atrium, the property appeals to a wide range of occupiers outside of general office users including users with a lab, tech, or health/life science component.

250 Progressive Way is a well maintained 114,761 SF office building located in the desirable Westerville submarket. The property sits on 9.42 acres with 539 auto parking spaces.

Originally constructed in 2001, the East wing of the building is two floors. The second phase of the building (West wing) was constructed in 2004 and has four floors. In 2005 a dramatic three floor vaulted glass atrium was constructed to connect the East and West buildings.

Although originally designed to be a single tenant building, the property could be demised to attract multiple tenants in varying size ranges. Typical floor plates for the property are 16,000± SF. Due to the high ceilings in the large atrium, the property appeals to a wide range of occupiers outside of general office users including users with a lab, tech, or health/life science component.

Conveniently located just east of Polaris Fashion Place, 250 Progressive Way has numerous hotels, restaurants and other retail amenities in close proximity. The property is a short 20-minute drive (12 miles) from Intel’s $20B+ chip manufacturing project.

Westerville, Ohio is a dynamic and progressive city in the heart of the Columbus Region with a rich history driven by purposeful development and a forward-thinking approach to infrastructure. The City’s diverse business base features some of America’s leading global brands, including DHL, JP Morgan Chase, Vertiv, ABB, Bank of America, and T. Marzetti’s/Lancaster Colony, along with a broad range of healthcare companies located on the Medical Mile and a thriving community of small and medium sized businesses.


Year Built: 2001
Building Size: 114761sq ft
Building Class: A
Lot Size: 9.42 acres


Documents

Property Brochure
Community Profile - Why Westerville.pdf
City of Westerville Business Services.pdf

Units for Lease

Full Building
Space Available: 114761 SF
Lease Type: NNN

Price Per Sqft/Year: $7.00
West Side of Building: Floors 1-4
Space Available: 59884 SF
Lease Type: NNN

Price Per Sqft/Year: $7.00
East Side of Building: Floors 1-2
Space Available: 32000 SF
Lease Type: NNN

Price Per Sqft/Year: $7.00

Map of 250 Progressive Way, Westerville, OH, 43082

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.