VanTrust and NP Ltd. Announce Expansion of the Pointe at Polaris

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Columbus, Ohio – September 18, 2019 – VanTrust Real Estate, a national developer with a regional office in Columbus, recently broke ground for the second phase of the Pointe at Polaris project. It includes a 145,000-square-foot office building and 260 apartment units. Bank of America is the anchor tenant, having signed a long-term lease for 60,000 square feet. The project, expected to be completed by the end of 2020, is the second phase of the Pointe at Polaris project built as a joint venture with Polaris developer NP Ltd.

VanTrust partnered with NP Ltd. to build phase one of the Pointe project on Lyra Drive, which was completed in 2018. Phase one includes 216 apartment units, 30,000 square feet of street-level retail and 70,000 square feet of office space. Anthem Blue Cross Insurance occupies the top floor of that building and retail tenants include Condados Tacos, Atlas Tavern and Sweetwater Coffee. The phase two building will be immediately south of phase one.

“We’re excited to kick off phase two of our successful Pointe at Polaris project with the announcement that Bank of America will occupy the top two floors of the new building,” said Andy Weeks, Executive Vice President of VanTrust’s Columbus office, “This project is a great example of a public-private partnership with the city of Columbus, Olentangy schools, Delaware County and the Franklin County Finance Authority. We are also excited to co-develop this project with NP Ltd, a company that has played a significant role in the development of Polaris.”

Polaris is central to all of Columbus’ major business and residential districts, and NP Ltd. has been a part of its growth from the start, making it an ideal partner for VanTrust. “We are extremely happy that Bank of America determined that Polaris provides a central location convenient to its customers and employees alike. They will be a great addition to our corporate roster,” said Franz Geiger, NP Ltd.’s Managing Director.

Bank of America, with its long-term commitment to helping communities thrive and prosper, both economically and socially, is an ideal addition to the fast-growing Polaris area.

“At Bank of America, our goal is to work across all our capabilities in order to help people and businesses succeed. To that end, we’re excited that we’ll be bringing teammates together from Columbus and Dublin into one location in 2021,” said Jeneen Marziani, Ohio market president, Bank of America. “Co-locating into our new space in the Pointe at Polaris will enable our staff from various lines of business to have even greater collaboration for the benefit of our clients.”

Apartments in the completed phase one building are fully leased, but some retail space is still available. Contact Franz Geiger of NP Ltd at fgeiger@polariscenters.com regarding availability.  For more information about leasing office space in the new building, contact Brett Cisler at brett.cisler@colliers.com or John Underman of Colliers at john.underman@colliers.com. Elford Construction and M + A Architects worked with VanTrust on phase one and will be the team for the second phase as well.

Tweet This: @VanTrustRE announces phase two of its Pointe at Polaris Project. @bofa first tenant announced, signing 60,000 square foot lease.

 

About VanTrust Real Estate, LLC

VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, and asset management. Product types include office, industrial, multifamily, retail, institutional, governmental, hospitality, and recreational. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in Kansas City, Missouri.

 

About NP Ltd.

NP is the original land developer of Polaris Centers of Commerce, the largest mixed-use development in Central Ohio.  NP has overseen over 3.8 million square feet of retail and 4 million square feet of office development over the last 30 years with such notable companies as JP Morgan Chase, Mettler-Toledo, Microsoft, Veeam, Anthem, Saks Fifth Avenue, Macy’s, Costco, Ikea, and Cabela’s.  Key principals are Bob Weiler, Don Kelley and Franz Geiger.