Tempus Acquires Ohio HQ Campus for $42M

Lane Bryant headquarters. Image courtesy of Tempus Realty Partners

Tempus Realty Partners has acquired a 236,090-square-foot office campus in New Albany, Ohio, for $42 million. The company purchased the property from Ascena Retail Group, the parent organization of Lane Bryant, according to CommercialEdge data.

Lane Bryant, a women’s apparel company leading in plus size clothing, is set to continue its tenancy at the campus for at least the next 20 years.

The Class A, two-building headquarters, is fully leased. Amenities include a workspace with on-site coffee shop, fitness center, walking trail, green space and a water feature.

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Located at 8323 Walton Parkway, tenants are in proximity to entertainment and dining options, as well as hotel and event spaces. Route 161 is less that 1 mile off the property providing access to the Greater Ohio area.

According to the same data provider, the lot is 26 acres in size and includes 671 parking spaces.

The acquisition is Tempus Realty Partner’s sixth deal in the Columbus area. The company also owns the Offices at Polaris, acquired in September 2018 for $17.8 million, the Huntington office building, acquired in November 2021 for $6.7 million, and the Hillard industrial building, acquired in December 2020 for $5.7 million, according to its website.

Columbus rising

The Columbus metro is experiencing increases in demand for properties of all types. Technology and research companies are expanding their operations in the area, bringing an inflow of new residents and workers.

Two companies that began construction on their new Ohio projects this year include Stonemont Financial Group and Intel. Stonemont Financial Group is constructing a Columbus industrial park set to be some 859,240 square feet. Intel is developing two semiconductor manufacturing plants on a nearly 1,000-acre site in the area. The $20 billion project will bring 3,000 long-term manufacturing and engineering jobs to Columbus.