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 prospectivre tenants asthe 176,682-square-foot office tower surpassexs 50 percent occupancy for the first time since the divisiom of began leaving threes years ago. Hilliard City Council in mid-September will considerr a seven-year jobs tax credits for government contractorsand , whicj will occupy a collective 10,258 square feet in the The proposed deals follos one approved in late August for Cbiz Medical Management Professionalsw Inc. to get the company to sign a leasefor 8,2000 square feet of space.
"Hilliard's part with the incentivex hasbeen key," said Andy a Grubb & Ellis|Adena Realty Advisors seniort vice president marketing the property. represented the tenantss in thepending transactions. When landlords bought the building at 3455 Mill Run Drivwe for the bargain priceof $11 million in Novembeer 2005, it had a vacanct of 82 percent. But the building has attractef several smalland mid-sized tenants since Gatexs McDonald pulled up stakes and left for downtown Columbus.
Althoughb various large tenants have looked at the the largest tenant to take space has been Talx a third-party payroll and humanj resources services provider that occupies about 40,000 square feet. "We had to fight the perceptionthat (One Mill Run) was just for single-floo tenants," Jameson said. "Sometimes you have to take thosr small andmedium deals." The buildingv also recently attracted as a 3,600-square-foo tenant. Likewise, it signed , a Tenn.-based information technology company thattook 5,500 squarew feet. Neither of those companies soughyt tax orother incentives.
Hilliard'w development director said the city appreciates the varietuy of tenants inthe building. "We like the idea of havinfg a mix of companies in different industries sowe don't get into anothe r Gates McDonald situation," said Davixd Meeks. Meeks and Jameson hinteds a larger deal may come to pass in the cominh monthor so. "We have some big prospectsd out there," Jameson said. "But there'ds more smaller users than larger ones.
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