Nationwide Realty Investors lands 3 new tenants for Grandview Yard

Nationwide Realty Investors lands 3 new tenants for Grandview Yard

Article By Bonnie Meibers, Columbus Business First

Three new tenants are coming to Grandview Yard after Nationwide’s recent announcement that it would consolidate employees and lease out some vacated space.

Global chemical company Ineos Enterprises is taking space in the 995 Yard Street building for its its new U.S. headquarters in Columbus. Ineos is leasing approximately 34,000 square feet in the 245,000-square-foot building.

Nationwide Realty Investors – the financial services giant’s real estate arm – also signed two others leases in the same building:

  • Insurance brokerage Acrisure is taking 13,000 square feet.
  • Planning Next, a community planning consulting firm, is taking 4,500 square feet.

The building still has about 193,000 square feet of office space available. Nationwide Realty owns that building and others at Grandview Yard so will directly lease space that Nationwide employees are not using.

Other buildings undergoing renovations to house multiple tenants include the 200,000-square-foot 10 W. Nationwide Blvd. and 130,000-square-foot 275 Marconi Blvd. buildings in the Arena District.

Nationwide plans to consolidate its employees into its Plaza One and Plaza Three towers in the Arena District and the 1000 Yard St. building in Grandview Yard.

NRI President Brian Ellis previously told me.

Nationwide employees will start moving in phases from now until 2024. The shift comes after the Covid-19 pandemic, when many employers have shifted to hybrid or fully remote work.

Kieran Sherry, senior vice president of corporate real estate with Nationwide, said about 40% of Nationwide employees are on a hybrid schedule, half are permanently remote, and about 10% are permanently in the office.

Nationwide, Central Ohio’s sixth-largest employer, had 11,000 local employees as of last summer, according to Columbus Business First research.

Click HERE for the original article on Columbus Business First.