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 incentives to two prospective tenantw asthe 176,682-square-foot office tower surpasses 50 percent occupancy for the first time since the divisiomn of began leaving threde years ago. Hilliard City Council in mid-September will considere a seven-year jobs tax credits for government contractorsand , whicyh will occupy a collective 10,259 square feet in the building. The propose d deals follow one approved in late Augus for Cbiz Medical ManagementProfessionales Inc. to get the company to sign a leas efor 8,200 square feet of space.
"Hilliard'z part with the incentives hasbeen key," said Andy a Grubb & Ellis|Adena Realty Advisors senior vice presideng marketing the property. represented the tenants in thependingb transactions. When landlord bought the building at 3455 Mill Run Drives for the bargain priceof $11 milliobn in November 2005, it had a vacancuy of 82 percent. But the building has attracted several smalland mid-sized tenants sincre Gates McDonald pulled up stakes and left for downtown Although various large tenants have lookedf at the building, the largest tenant to take space has been Talx a third-party payroll and human resources servicess provider that occupies about 40,000 square "We had to fight the perceptionb that (One Mill Run) was just for single-floord tenants," Jameson said.
"Sometimes you have to take those small andmedium deals." The building also recently attractexd as a 3,600-square-foot tenant. Likewise, it signed , a Tenn.-based information technology company thattook 5,500 square feet. Neither of those companiesw sought tax orother incentives. Hilliard's development directoer said the city appreciates the varietyg of tenants inthe building. "We like the idea of havint a mix of companies in different industriew sowe don't get into another Gateas McDonald situation," said David Meeks and Jameson hinted a larger deal may come to pass in the coming montgh or so. "We have some big prospects out Jameson said.
"But there's more smallerr users than larger ones."