Chase Tower
Unrealized Chase Tower is a 308,337 square-foot office tower acquired on December 20, 2019. Chase Tower is located on the northeast corner of Capital Square in downtown Columbus, Ohio and is comprised of 24 stories with typical floor plates of approximately 12,500 SF. At acquisition, the tower was 60% occupied with known vacancies taking occupancy to 57%. Chase Tower was acquired at approximately 90% below replacement cost of $300/SF.
Investment Info
- Status: Unrealized
- Market: Columbus, OH
- Property Type:
Office - Square Footage: 308,337
- Lingerfelt Role: Sole Owner
- Strategy: Acquisition
- Sub-Strategy: Reposition, Lease-Up
