Newmark has facilitated both the sale and acquisition financing of the office and retail components at The Pointe at Polaris, a mixed-use development in the Polaris submarket of Columbus, Ohio. The transaction centers on the commercial portion of the property, which combines Class A office space with ground-floor retail within a broader mixed-use environment that also includes luxury residential elements.
The commercial space at The Pointe at Polaris was acquired by DFWLAND from a joint venture between VanTrust Real Estate and NP Limited Partnership. Newmark was engaged on multiple sides of the transaction, providing investment sales representation as well as capital markets advisory services tied to the acquisition financing.
On behalf of VanTrust Real Estate, Newmark assembled a team that included Senior Managing Director Derek Fohl, Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood and Associate Director Jack Trager. This group worked in collaboration with Executive Vice President Jim Clark to represent VanTrust Real Estate in the disposition of the property’s office and retail components.
DFWLAND was advised in the acquisition by Newmark Vice Chairman Gary Carr, who acted on the buyer’s behalf in the transaction. In addition, Newmark’s capital markets professionals were responsible for arranging the financing used to acquire the commercial portion of the asset. Executive Managing Director Ari Schwartzbard and Vice Chairman Bill Weber led the effort to secure the acquisition financing package, with Associate Jake Paschen providing analytical support.
The Pointe at Polaris occupies a strategic position along Polaris Parkway, a key commercial corridor within the Columbus market. The property’s office component totals 212,366 square feet of trophy office space, designed to meet modern workplace requirements and appeal to a broad range of occupiers. Adjacent to the office space, the project includes 33,071 square feet of curated retail, offering a mix of uses that complement the broader mixed-use environment and serve both office users and nearby residents.
In addition to its commercial elements, The Pointe at Polaris offers luxury residential options, reinforcing the property’s positioning as a mixed-use destination. While the residential component is not part of the reported transaction, its presence supports the overall ecosystem of the development, enhancing foot traffic and amenity value for office and retail tenants.
The office space at The Pointe at Polaris is reported to be fully leased to a diverse roster of established tenants. This occupancy profile and tenant mix underpin the income characteristics of the asset and provide context for both the sale and the related acquisition financing. The transaction underscores the role of well-leased, mixed-use commercial components in attracting institutional and private capital within established suburban submarkets.
