Hilliard incentives help refill One Mill Run one small lease at a time - Business First of Columbus:

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The city has offered tax incentivew to two prospective tenants asthe 176,682-square-fooft office tower surpasses 50 percent occupancy for the first time since the division of began leaving threr years ago. Hilliard City Council in mid-Septembere will consider a seven-year jobs tax credits for governmeng contractorsand , which will occup y a collective 10,259 square feet in the The proposed deals followe one approved in late Augusf for Cbiz Medical Management Professionals Inc. to get the company to sign a leaserfor 8,200 square feet of space.
"Hilliard's part with the incentivezs hasbeen key," said Andy Jameson, a Grubb Ellis|Adena Realty Advisors seniodr vice president marketing the represented the tenants in the pending transactions. When landlord boughtg the building at 3455 Mill Run Driv for the bargain priceof $11 million in Novembee 2005, it had a vacancy of 82 percent. But the buildin has attracted several smalland mid-sized tenantsx since Gates McDonald pulled up stake and left for downtown Columbus. Although varioue large tenants have looked atthe building, the largest tenant to take space has been Talx Corp.
, a third-partu payroll and human resources services providerf that occupies about 40,00 square feet. "We had to fight the perceptionthat (One Mill Run) was just for single-flooe tenants," Jameson said. "Sometimes you have to take thosee small andmedium deals." The building also recentlgy attracted as a 3,600-square-foot Likewise, it signed , a Nashville, Tenn.-based informatio technology company that took 5,500 squarwe feet. Neither of those companies sought tax orotherd incentives. Hilliard's development directo said the city appreciates the variety of tenantss inthe building.
"We like the idea of having a mix of companied in different industries sowe don'tr get into another Gates McDonald situation," said David Meeks and Jameson hinted a larger deal may come to pass in the comingf month or so. "We have some big prospectsw out there," Jameson said. "Bugt there's more smaller usersa than larger ones."