Developer buying vacant Worthington property, with tenant already in hand

Posted on June 1, 2015

Written by: Brian R. Ball

Published by: The Business Journals

Trivium Development is buying the OfficeScape IV complex in Worthington, with plans for a major renovation.

Columbus developer Tim Spencer plans to anchor the redevelopment of an office property in Worthington with a tenant he had hoped to place in Upper Arlington.

The owner of Trivium Development LLC told me he has the vacant, 53,200-square-foot OfficeScape IV property at 350 W. Wilson Bridge Road in contract for nearly $2 million, with plans for a $7.9 million renovation.

“It’s been vacant forever,” Spencer told me of the three-story office building Montreal-based Amcor Holdings bought 2½ years ago.

He said Central Ohio Urology Group wants to take 23,000 square feet on the ground level as medical offices.

The building dates back to 1976. It and three other OfficeScape buildings were renovated after their sale in 1998. The renovations this time around call for relocating the stairwell and elevator shaft into a new front lobby area Dublin-based Andrews Architects has designed in front of the existing structure.

“We’re not picking up a ton of new space, maybe a few thousand square feet,” Spencer said. “But it makes the building (floor plate) more usable.”

Colliers International has the property on the market for $1.95 million.

Astute readers may recall Spencer in 2014 proposed building a 36,000-square-foot building anchored by Central Ohio Urology at Tremont and Kenny roads but that project fell through after the city decided not to allow private-sector development of the 1.3-acre site next to the UA municipal building at 3600 Tremont Road.

Trivium already built a medical office and headquarters for Central Ohio Urology in Gahanna.