Founders Properties acquires Ohio portfolio

Founders Properties has purchased two class A office buildings — One & Two Easton Oval — in Easton Town Center, a master-planned community with premier shopping, dining and entertainment in Columbus, Ohio.

“This recent acquisition in a key Midwest growth market directly aligns with our investment strategy centered on an overall goal of portfolio diversification, in-depth knowledge of office assets and markets, analysis of tenants’ credit and strategic relationships,” said Chris Courneya, vice president of investments and acquisitions. “As the Easton community continues to grow, we are confident of the long-term stability of these two office buildings and limitless possibilities for current and future tenants as there is no high concentration of any one industry in the area.”

Totaling 252,461 square feet, the two office buildings are located in Columbus’ strongest submarket with convenient access to all of the Columbus metroplex, and to some of the nation's largest population centers. Easton Town Center, ranked among the top 30 highest-performing retail centers in America, draws more than 30 million visitors per year, giving office tenants a unique opportunity to not only work, but have a community where they can gather and relax after work.

Headquartered in Minneapolis, Founders Properties is a privately held real estate investment company formed by two industry veterans: Best Buy founder Richard Schulze and Opus founder Gerald Rauenhorst. Schulze and the Trusts created for the benefit of the descendants of Gerald Rauenhorst will sponsor this fund. Since 1998, Founders (previously known as Opus Properties) has been involved in raising and managing 13 private commercial real estate investment funds with a purchase value of more than $3.4 billion covering approximately 40 million square feet.