Newmark Facilitates Sale of Office and Retail Assets at The Pointe at Polaris to DFWLAND

Why It Matters

The deal underscores continued investor confidence in suburban office and retail assets despite broader market softness, and highlights Columbus’s growing appeal as a logistics and lifestyle hub.

Key Takeaways

• Sale covers 212k sq ft office, 33k sq ft retail
• All office space leased to major corporate tenants
• Retail tenants include Kitchen Social and Club Pilates
• DFWLAND expands portfolio with Columbus mixed‑use property

Pulse Analysis

Columbus’s commercial real estate market has been gaining traction as developers and investors seek opportunities outside traditional downtown cores. The Pointe at Polaris, a 212,366‑square‑foot office tower paired with 33,071 sq ft of retail, sits less than half a mile from the 1.6‑million‑sq ft Polaris Fashion Place lifestyle center. By facilitating both the sale and financing, Newmark leveraged its regional expertise to connect a Dallas‑based buyer with a high‑performing suburban asset, reinforcing the city’s reputation as a growth corridor for mixed‑use developments.

Full occupancy across both office and retail components adds a premium layer to the transaction. Anchor tenants such as Bank of America, Fiserv, Kitchen Social, and Club Pilates provide stable cash flow, reducing risk for DFWLAND as it integrates the property into its portfolio. The presence of a 473‑unit luxury multifamily tower—though excluded from the deal—enhances the overall site’s vibrancy and supports cross‑segment demand, a factor that investors increasingly weigh when valuing mixed‑use projects.

The broader implication is a renewed appetite for suburban office and retail assets that demonstrate resilient leasing metrics. Financing arrangements secured by Newmark signal that lenders remain willing to back such transactions, even as some markets grapple with office‑space oversupply. As companies continue to adopt hybrid work models, well‑located, fully leased suburban offices paired with experiential retail are likely to attract capital, positioning Columbus as a focal point for future investment cycles.

Deal Summary

Newmark arranged the sale of the office and retail components of The Pointe at Polaris, a mixed‑use property in Columbus, Ohio, to Dallas‑based DFWLAND. The sellers were a joint venture between VanTrust Real Estate and NP Limited Partnership. The transaction also included financing arranged by Newmark.