HFF closes $90m sale.The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office of HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor (Holliday Fenoglio Fowler) and Columbus Commercial Realty have closed the sale of the a 506,836 s/f, Class A office building triple net leased to Chase Manhattan Mortgage Corporation in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. . HFF senior managing directors Joe Morningstar and Glenn Whitmore, and managing director Andrew Scandalios exclusively represented the sellers, The Georgetown Company and JP Morgan Chase Capital Partners. JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. , the parent company of the tenant, Chase Manhattan Mortgage Corporation, purchased the property for $90 million. "HFF marketed the property to a wide group of investors and received tremendous interest due to the property's institutional tenancy and premier location," said Morningstar. "According to area statistics, the sale of Chase Manhattan Mortgage Corporation building is the largest sale in Central Ohio since 2000," said Morningstar. HFF and Columbus Commercial Realty also jointly closed the sale of the Bisys building, adjacent to Easton Town Center Easton Town Center ("Easton") is a large mixed-use center in Columbus, Ohio, USA. It is designed to look like a classic American main street, with public spaces, fountains, a street grid, and metered storefront parking. , in May 2005. The sale of the Bisys Building set a new per-square-foot sales record of $200 per square foot for Central Ohio. |
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