San Francisco-based River Financial is taking 13,600 feet in 80 on the Commons, filling the last available space in one of the most recent additions to downtown Columbus.
The bitcoin firm selected the mixed-use property to house its operations hub and about 30 new employees. It joins Coastal Ridge Real Estate (also the building's owner and manager), BBI Logistics and Root Insurance in the building.
Colliers handled the leasing of the mixed-use development.
Built at a cost of $60 million and opened in 2018, the 350,000-square-foot 80 on the Commons office complex has ground-level retail, five stories of offices and six levels with about 124 apartments and penthouse units. Amenities include attached parking, a fitness studio and rooftop patio for tenants, as well as being conveniently located downtown and abutting a green space, Columbus Commons.
“The Central Ohio area has a robust infrastructure for operations, financial services, and compliance, and we know that River Financial can leverage these resources for our long-term success," COO Andrew Benson said in a media release. "We are looking forward to expanding our corporate footprint in the Columbus region and building upon all that the area has to offer.”
The Ohio Tax Credit Authority in August approved a seven-year, 1.5% tax credit toward opening the office and creating 30 jobs over the next two and a half years. The credit would be worth a combined $235,000 over the life of the deal if River creates all the jobs and meets other terms, including staying in Columbus at least 10 years.
Daniel Dunsmoor, Andrew Jameson and Michelle Fude of Colliers represented Starwood Capital and Coastal Ridge Real Estate, the building's owners, in the deal. Ryan McHugh and Grant Hartman of Colliers represented River Financial.