MCB Real Estate, in collaboration with Abide Capital Group, has announced the acquisition of Harlow on Main, a 120-unit Class A multifamily community located at 195 East Main Street in downtown Columbus, Ohio. The property was purchased from Homestead Companies for $16.5 million.
The transaction was brokered by George Skaff and Carter Stephens of Newmark, who represented the seller. At the time of the sale, the property was more than 86% leased. Project financing was provided by WesBanco.
Delivered in 2020, Harlow on Main is a mixed-use development positioned within walking distance of major employers, academic institutions, and cultural attractions in Columbus. The community offers studio and one-bedroom residential units, along with approximately 7,000 square feet of ground-floor retail space, which currently includes a café.
“Harlow on Main is an institutional-quality and best-in-class asset which aligned seamlessly with our portfolio standards,” said P. David Bramble, Managing Partner and Co-founder of MCB Real Estate.
