Our Columbus Ohio Investment Sales team was hired by a developer client to find a 1–2 acre retail development site along Broadway, between I-270 and Columbus Road. Unfortunately, the initial deal fell through due to unexpected food and beverage (F&B) restrictions. On top of that, the COVID-19 pandemic led to cost increases, which disrupted other potential opportunities. Despite these setbacks, we were determined to find a solution.
We successfully secured Healthy Pets, a veterinary clinic, as the buyer for the site. The deal closed by the end of the year, with the property selling at 92% of the original list price. Through persistence and adaptability, we were able to turn a challenging situation into a successful outcome for all parties involved.