Cantor Fitzgerald Investors (CFI) has acquired a recently developed 241,493-square-foot, class A office building located in the Easton submarket of Columbus, Ohio.
CFI, together with Rodin Global Property Trust, acquired the asset for $46.95 million.
The property is 100 percent leased through September 2032 to Comenity Servicing, a subsidiary of Alliance Data Systems Corporation, which serves as guarantor of the lease.
“This acquisition demonstrates our commitment to investing in assets that possess both high–credit quality tenants and strong real estate fundamentals,” said Roger Shreero, managing director, Cantor Fitzgerald.
Recently constructed in 2017, the building is part of a three-property office campus that houses more than 1,700 employees and serves as the headquarters for Alliance Data Card Services.
The property is a 1,300-acre master-planned community comprised of approximately 4.2 million square feet of class A office space and almost 3.8 million square feet of retail space, as well as several multifamily residential properties and luxury hotels.
“This building represented another excellent opportunity for us to continue on our trajectory of disciplined growth, expanding our portfolio with exceptional assets and world-class tenants,” said Ken Carpenter, managing director, Cantor Fitzgerald and president of Rodin Global. “It demonstrates our continued focus on seeking strategic investments in mission-critical assets with creditworthy tenants on long-term leases.”
