The Daimler Group, inc.1533 lake Shore Drive
columbuS, ohio 43204ph: 614-488-4424
www.DaimlerGroup.com
GreGory weber, Sior, leeD apSenior vice preSiDenT
John Derzon
Senior vice preSiDenT
Market and Main II160 W. Main Street
New Albany, Ohio 43054
Section I
Section II
Section III
Section IV
Section V
Building PhotoLocation MapsAerial View
Village Center Site PlanVillage Center DescriptionNearby Amenities
Lease ProposalStandard Tenant Improvements
Floor PlansBuilding Elevations
Daimler Corporate ProfileNew Albany Summary
TABLE OF CONTENTS
Market and Main II is located at the heart of New Albany Village Center. With easy access from I-270 and I-161, New Albany Village Center is a growing retail and commerce location in Northeast Columbus.
BUILDING LOCATION
VILL
AG
E C
ENTE
R SI
TE P
LAN
NEW
ALB
AN
Y VI
CIN
ITY
MA
P
Nat
ure
Park
New
Alb
any
Inte
rnat
iona
l B
usin
ess
Par
k F
utur
e E
xpan
sion
Bee
ch R
oad
Urb
an C
ore
Licking County
Bee
ch R
oa
d I
nte
rch
an
ge
Beech Road
Min
k R
oa
d I
nte
rch
an
ge
New
Alb
any
Inte
rnat
iona
l B
usin
ess
Par
k
95
AC
40
00
AC
FA
LL
20
17
The
Gol
f Clu
b
Reynoldsburg New Albany Road
Mo
rse
Ro
ad
State Route 6
2
Kitzmiller Road
Blacklick Creek
Franklin County
18
AC
Roc
ky F
ork
Met
ro P
ark
12
00
AC
Bev
elhy
mer
C
omm
unity
Par
k
New
Alb
any
Link
s C
ount
ry
Park
St a
t e R
ou
t e 6
2 I n
t er c
ha
ng
e
Rose R
un Creek
Vil
lage
Cen
ter
Urb
an C
ore
Ne
w A
lba
ny
Ro
ad
In
terc
ha
ng
e
8 A
C
23
AC
4 A
C1
4 A
C
5 A
C
3 AC
8 A
C
14
AC
5 A
C
3 AC
The
New
Alb
any
Cou
ntry
Clu
b Th
omps
on
Park
Th
om
pso
n R
oa
d
Du
bli
n G
ran
vil
le R
oa
d
Hamilton R
oad
Interchange
Rocky Fork Creek
Hamilton Road
Ham
ilton
Q
uart
er
13
DE
CE
MB
ER
20
16
NE
W A
BL
AN
Y I
NT
ER
NA
TIO
NA
L B
US
INE
SS
PA
RK
PL
AN
NE
W A
LB
AN
Y I
NT
ER
NA
TIO
NA
L B
US
INE
SS
PA
RK
TEC
HN
OLO
GY
/ OFF
ICE
IND
UST
RIA
L
RET
AIL
RES
IDEN
TIA
L
PRES
ERVA
TIO
N/ O
PEN
SPA
CE
UR
BA
N C
OR
E
BU
SIN
ESS
PAR
K
AVA
IL LE
GE
ND
SOLD
NEW
ALB
AN
Y BU
SIN
ESS
PARK
The New Albany Village Center Project is located on the cornerstone property of the central core of the City of New Albany. Embracing the high quality classical characteristics that separate New Albany from surrounding communities, the Market and Main II project will be a focal point for the community. At the heart of downtown, the site is easily accessible from both the surrounding residential districts and the freeway system. Ample parking will be provided by the City of New Albany ensuring clients and staff will have the ability to conveniently park and access the project year round.
The first phase of the project includes approximately 27,500 square feet of medical, retail, fitness and community space. It combines these elements in a manner that is complimentary to the uses within the project and the community as a whole. The 1 ½ and two story structures take notes of the magnificent surrounding architecture, blended in new ways to meet the requirements of the users. Future phases will include office, retail and medically related uses.
The Market and Main Mixed-Use project is being developed as a public/private partnership with the City of New Albany. The City owns and maintains the parking area and the +/- 48,000 square foot Healthy New Albany Building. The Ohio State Medical Center and Nationwide Children’s Hospital has partnered with the City on the operations of the Health Center and will provide direct medical and wellness care to the community. The Market Street Mixed-Used Retail and Medical Buildings are developed and owned privately.
SmartRide New Albany, a joint initiative between the City of New Albany and the Central Ohio Transit Authority (COTA), is a public transportation network that features six scheduled runs in the morning and evening between Columbus and the COTA Park & Ride located in the New Albany International Business Park. A shuttle system transports riders throughout the Business Park their business destination. New Albany SmartRide provides transportation for bus riders, allowing for convenient access to downtown Columbus, the New Albany International Business Park and The Ohio State University campus. Last year, SmartRide accommodated over 26,000 trips enabling employees throughout central Ohio to take advantage of employment opportunities in New Albany.
Location & Accessibility
Architectural Design & Features
Public / Private Partnership
SmartRide New Albany
VILLAGE CENTER DESCRIPTION
NEW ALBANY BUSINESS PARK AMENITIES WITHIN 3-5-MINUTE DRIVE
LOCATION NOTES RESTAURANTS RETAIL & SERVICES
New Albany Business Park Retail ▪ Mix of restaurant and other
employee-related services
Donato’s Pizza, Chinese Restaurant Walgreen’s, Huntington Bank, Children’s World, 12,000 sq. ft. of additional retail
New Albany Market ▪ 140,000 sq. ft anchored by Giant
Eagle
Rooster’s, Planet Smoothie, Mia Cucina, McDonald’s, Chipotle, Zero’s Pizza, Rosa & Rocco’s
Giant Eagle, Chase Bank, NCB, Get Go Gas, Aveda Salon, Goddard Day Care, Firestone, dry cleaner, variety of
other retail and services
Kroger Retail Center ▪ 160,000 sq. ft. of retail and
restaurants
Kroger Deli, Great Wall (Chinese) Wendy’s, Tim Horton’s, Burger King, Bob Evans, Subway
Kroger’s dry cleaner, Kroger’s Gas Station, fitness center, variety of other retail.
Walton Parkway and Smith’s Mill Road ▪ 120,000 sq. ft. of mixed retail
with 20,000 sq. ft. complete- remainder starts in 2009/10
Tim Horton’s, Subway, Deli, Blue Agave and a mix of other fast food and casual dining
Key Bank, Marriot Courtyard Hotel, daycare, outparcels for gas stations, retail, and business services
New Albany Village Center and Market Square ▪ 60,000 sq. ft. of mixed retail
Mellow Mushroom, Hudson 29, Rusty Bucket, Starbuck’s, Johnson’s Ice Cream, Goumas Candy, Eagle’s Pizza, and a mix of other future casual dining
Fifth Third Bank, Huntington Bank, CVS, Healthy New Albany Complex, Tailfeathers/Three French Hens, Pure Barre, gas station, specialty retail, library, daycare facilities, and professional and government offices
New Albany Exchange Retail ▪ 35,000 sq. ft. of specialty retail
and professional offices
Ella, Main Street Deli
US Bank, Hayley’s Gallery, Dry Cleaner, other specialty retail and business services projected
Future Hamilton Road Interchange Retail (Daimler/Casto) ▪ 2 Million sq. ft. mixed use
development
Projecting a mix of fast food and casual dining restaurants
Projecting a mix of big box, specialty, and neighborhood retail, as well as, gas/vehicle service, banks, and other retail services
Hamilton Road Retail Corridor
Panera Bread, Chipotle, Olive Garden, Chi Thai, O’Charley’s, McDonald’s, Pizza and Sub Shop, Longhorn Steakhouse, Cosi, Scramblers, Panda Express, Smokey Bones, Johnny Buccelli’s Long John Silver’s, A&W, variety of other
restaurants
Kohl’s, Meijer, Home Depot, Aldi, Drug Mart, LA Fitness, various gas/vehicle services, banks, specialty retail, and daycare
Community Amenities
▪ Centralized community services in the heart of New Albany Village Center are conveniently located within minutes of the business park. These amenities include the New Albany Country Club, New Albany School Campus, Police Station, City Hall, Library, US Post Office, Wexner Community Park, Aquatic Center, McCoy Performing Arts Center, Tennis Center, Metro Parks, Community Recreation Center (future)
Additional Retail Big box retail along Hamilton Road is located 5-7 minutes drive from the Business Park. Other regional retail and hotels at Easton are located 10-12 minutes drive from the Business Park.
NEARBY AMENITIES
VILLAGE CENTER RESIDENCES
VILLAGE CENTER RESIDENCES
Market and Main II160 W. Main StreetNew Albany, Ohio 43054
The building is a two-story, +/- 48,495 gross square foot, structural steel frame mixed-use building with concrete floors and a brick and glass exterior skin.
+/- 47,115 rentable
The project includes approximately 500 public non-exclusive parking spaces located immediately adjacent to the Building. These spaces will be shared with all users of the Market and Main Development. In addition, there will be approximately 50 street spaces.
DNA MMI II LLC, a limited liability company comprised of The New Albany Company and The Daimler Group’s investment fund.
+/-4,990 sf
10 years from Rent Commencement Date
Retail: Year 1: $30.00 per square foot per annum Years 2-10: Increasing Annually by 1.50%
Office: Year 1: $17.25 per square foot per annum Year 2-10: Increasing Annually by 1.50%
Common Area Maintenance Expense (CAM): Tenant shall pay a propor-tionate share of CAM. CAM is initially estimated at $6.83 per square foot per annum.
Building Address
Building Description
Building Size
Parking
Landlord
Available Retail Space (First Floor)
Lease Term
Base Rental Rate
Operating Expenses
LEASE PROPOSAL
Real Estate Taxes: Tenant shall pay a proportionate share of real estate taxes. Real estate taxes are initially estimated at $2.45 per square foot per annum. Landlord has obtained a 10-year, 75% Real Property Tax Abatement from the City of New Albany.
Insurance: Tenant shall pay a proportionate share of Landlord’s insurance costs. Landlord’s insurance costs are initially estimated at $0.30 per square foot per annum.
Utilities & Janitorial: Tenant to pay directly.
Landlord shall provide Tenant with the following improvements: finished building exterior, poured concrete floor (less cut-out area for kitchen and restrooms or other areas as designated by Tenant), roof mounted HVAC unit(s) with ductwork stubbed to Premises, electric to accommodate Tenant’s use, all other utilities (gas, water, sanitary, telephone, cable) stubbed to the interior of the Premises, drywall along all interior perimeter walls, all exterior pavement areas including sidewalks, parking lot, patio area with railings, etc., as reviewed and approved by Tenant.
The Lease Term shall commence on the “Rent Commencement Date” which shall be defined as the earlier of : 1) occupancy of the Premises, or 2) 90 days after the Date of Delivery of the Landlord Work referred to in the previous paragraph.
Tenant shall, at Tenant’s expense, install its sign package, specific to the Premises, on the exterior of the Premises, with approval of the City of New Albany after mutual agreement on such signage with Landlord. Landlord will assist Tenant in obtaining its sign package. Landlord will have review and reasonable approval rights on the signage.
Two (2) options of five (5) years each. To exercise such option, Tenant must provide Landlord at least 180 days’ advance written notice. Base Rent shall increase at 1.25% per annum over the immediately preceding year.
Negotiable
Operating Expenses (continued)
Landlord Work
Rent Commencement Date
Signage
Renewal Option
Construction Allowance
1ST
FLO
OR
AVA
ILABL
E SP
AC
E4,
990
SF
BUILDING PHOTOS
General Information
Daimler was founded in 1983 by Robert C. White and a small group of prominent business leaders in the architectural, real estate, commercial banking and mortgage industries from Central Ohio. As the firm developed, a select group of key management personnel with diverse backgrounds became principals in the firm. Collectively, this group offers an outstanding combination of real estate and financial knowledge as well as development expertise, allowing for the execution of development opportunities and creation of viable solutions that address client-specific needs. The ownership structure is supported by a dedicated staff of experienced specialists in the real estate development, marketing and construction management fields.
Corporate Philosophy
The cornerstone of Daimler’s corporate philosophy is the creation of the best possible real estate solution for the clients we serve. To implement this philosophy, Daimler has assembled a staff of talented, experienced real estate professionals with a team-oriented, success-driven delivery model. Daimler firmly believes that successful development and construction of real estate requires superior market and product knowledge as well as experienced, effective and well-regarded construction personnel. This requires company personnel to constantly expand their knowledge of the areas the company serves and to understand and predict local trends in real estate development and construction.
Suburban Office Space
According to the annual surveys conducted by Business First over the last decade, Daimler is consistently recognized as one of the leading commercial real estate developers and construction managers in Central Ohio. In the Columbus suburban office market, Daimler has constructed more space over the last 10 years than any other developer. Such developments include major corporate facilities for Big Lots, NetJets, The Ohio State University Wexner Medical Center, SEA, EXPRESS, The Limited, Time Warner Cable, The Ohio State University, American Family Insurance, Unisys- Corporation, US Bank, Ohio State Bar Association, State of Ohio EPA, The Huntington Mortgage Company, The Frank Gates Service Company, Steinhaus Financial, Sarcom, Inc., Corporate One Credit Union, NBBJ Architects, Ohio School Boards Association, IntelliRisk Management Corporation, Gerbig, Snell & Weisheimer, Donald R. Kenney Realtors,
corporaTe profile
The Daimler Group, Inc.Established in 19831533 Lake Shore DriveColumbus, Ohio 43204-4891(614) 488-4424 (phone)(614) 488-0603 (fax)www.daimlergroup.com
Mettler Toledo, DuPont Flooring, The Trane Company, Exel Logistics, Anthem Insurance, AEP, Moody.Nolan Architects, Commercial Vehicle Group, Nationwide Insurance, Hamilton Parker, Smoot Construction, OhioHealth, and many others.
Healthcare Projects
Daimler is a dominant player in the design, development and construction of healthcare facilities in Central Ohio. Developments include a broad range of healthcare related facilities including medical office space, surgical suites, dialysis centers, ambulatory surgery centers, diagnostic centers, urgent care centers, radiology suites and linear accelerator oncology vaults. Daimler has acted as the developer for several large scale hospital redevelopment/greenfield projects which have included operating rooms, emergency departments, imaging, PT/OT and related support services. Daimler has active development relationships with all of the major healthcare providers in Central Ohio. This success with local healthcare providers has led to work with many major systems outside Central Ohio, including the Summa Health System and Children’s in Akron, Ohio and the O’Bleness Hospital System in Athens, Ohio.
Land Development
Since its inception, Daimler has developed master plans and/or developed over 1,000 acres of raw ground. This includes approximately 17 million square feet of office, medical office and retail developments in the Columbus, Dublin, Westerville, New Albany, Gahanna and Upper Arlington markets. Some of these developments include office parks such as phase I, II and III of the Gowdy Field development near downtown Columbus which includes more than 425,000 square feet of office/medical office space. Daimler was also selected by the New Albany Co. to jointly market and develop over 1,000 acres of prime office and mixed-use ground in the New Albany Business Park. Daimler is currently developing the AIRSIDE Business Park at the Port Columbus International Airport to house both warehouse and office projects as well as the Hamilton Quarter Park.
Daimler offers a full range of land development and construction services including land planning, municipality approaches, incentives, entitlements, infrastructure development and sustainable “LEED” techniques to promote environmentally conscious development and construction.
WESTAR V
Principles of Business
The following principles guide Daimler’s real estate development/construction operations:
- Development of clear, concise goals and objectives in the conception stage of a project;
- Creation of a team-oriented environment that respects the input of all participants and provides a platform for the best possible result;
- Development of architecturally pleasing, functionally efficient, and high quality projects which maximize available funds and reflect area market conditions;
- Creation and maintenance of strict cost controls and scheduling guidelines to successfully complete projects within budget and on time;
- Employment of team members with superior understanding of the competitive marketplace;
- Confirmation that each project is the right combination of location, building, design, economics, and owner/user relationships to obtain attractive financing at the most competitive rates; and
- Creation of build-to-suit leasehold and ownership opportunities that satisfy the individual goals and objectives of each client while producing a profitable venture for all involved.
The Daimler Difference
What differentiates Daimler from its competitors is the ability to provide all facets of real estate development and construction in-house. From a development perspective, Daimler has the in-house experience to manage the preconstruction/design development process with individuals who have devoted their entire professional careers to that endeavor. From a construction perspective, Daimler employs a very experienced and knowledgeable staff of project managers and superintendents and has managed the construction of all types of commercial buildings. Finally, from a financial structuring standpoint, Daimler has ready access to cash reserves to provide an appropriate debt to equity structure for the projects it undertakes— especially in light of the recent volatile credit market swings. These reserves are in fact “real equity” and not the result of mezzanine, venture capital or private equity firms, or secondary financing. Very few development/construction/real estate companies have all of these attributes under one corporate umbrella. Daimler’s ability to promote a project with all of these in-house disciplines is why Daimler continues to grow and prosper as a real estate development company in Central Ohio.
Top Related