COLUMBUS, OH-NNN Healthcare/Office REIT, sponsored by Santa Ana, CA-based NNN Realty Advisors Inc., has purchased 1 and 4 Market Exchange here, at 500-510 E. Main St. The properties, a three-story, 56,000-sf structure and a five-story, 60,000-sf building, were built in 2003.

The company has acquired a portfolio of properties valued at about $177 million, according to an NNN statement. Dan Prosky, VP of acquisitions, says he can’t say the exact sales price, but tells that it is less than the $229 per sf that a similar medical office building, 6955 Perimeter Loop in Dublin, sold for in June.

Prosky says the buildings are 93% leased. For the sales, 515 Partners LLC sold the 1 Market facility, which includes offices for the nearby Columbus Children’s Hospital, and 4MX Partners LLC sold 4 Market, which has OhioHealth as its main tenant. “One’s more clinical, and one’s more of an office,” Prosky says. “We like the fact that it’s newer real estate, and good tenants, and the pricing was attractive.”

Included in the deal was an adjacent vacant strip of property. The company will pave the land and make it a lighted parking lot, Prosky says. The Columbus office market is fantastic, he says. “There’s just several things going for it, the state capitol and large university. It’s going to be pretty stable.” The REIT owns healthcare properties in eight states.

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