Alterra Real Estate Advisors purchases mixed-use building near Worthington for $3.1 million - Alterra Real Estate Advisors LLC

By John Bush  –  Staff reporter, Columbus Business First

Apr 24, 2023

One of Central Ohio’s largest property managers and CRE brokerages has purchased a mixed-use building near Worthington for $3.1 million.

Columbus-based Alterra Real Estate Advisors recently acquired the property at 1 E. Campus View Blvd. The building has a Columbus address, but is located just outside the northern border of Worthington near I-270 and U.S. Route 23.

The three-story, mixed-use building measures nearly 62,000 square feet and sits on 3.7 acres, according to Franklin County property records. It was constructed in 1986, and the lobby and common areas were recently renovated, according to a listing on Alterra’s website.

The listing shows the building is 78% leased, which includes restaurants on the first floor. Current restaurant tenants include Subway and J. Gilbert’s Wood Fired Steaks & Seafood. Other tenants include Salon Lofts and Firouzian Dentistry.

Three office suites are available for lease. The second-floor spaces measure approximately 4,200 square feet, 1,655 square feet and nearly 1,400 square feet, according to Alterra.

The company did not immediately respond to a request for comment.

Alterra Real Estate is Central Ohio’s 14th-largest property management company and 16th-largest commercial real estate brokerage, according to research by Columbus Business First. The company manages 2 million square feet of real estate and has 23 employees in Central Ohio.