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Foxen outgrows downtown Columbus space, moves to the Arena District

Foxen

Fintech company Foxen is moving from downtown Columbus to the Arena District.

Foxen, a spinout of real estate firm Coastal Ridge that ranked among the region's fastest-growing companies in 2021, aims to protect landlords and tenants from liability for property damage.

Since its 2018 debut, the company's office has been 80 on the Commons at 80 E. Rich St. in downtown Columbus, also Coastal Ridge's home.

Now Foxen is on the move, expanding from its prior 6,000-square-foot downtown home into 30,000 square feet at 333 Nationwide Blvd. That building was most recently home to Nations Lending, and previously housed SBC Advertising and later Chipotle.

Foxen, which made the move at the start of this year, wanted a building of its own that could facilitate its expansion. The Nationwide Boulevard building has 150 work stations, six conference rooms, six private call rooms, stadium seating for all staff meetings and both a kitchen and kitchenette.

Click through the attached gallery to see inside the firm's new Arena District space.

George Sacco, managing director at Foxen, said the move was a long-term commitment to Columbus and to the company's growth.

Foxen doubled in size in 2022, growing to 75 people. Several executives have moved to Central Ohio to be in the Columbus office.

The company's goal is to grow to 120 by the end of this year, said Austin Zukerman, product marketing manager for Foxen. Foxen plans to work with JobsOhio in its hiring push this year, Sacco said.

There will also be upgraded technology in the building will allow Foxen's remote and in-office teams to work more cohesively together.

The new Arena District space is good for company culture and quality of life, Sacco said, with more activities and restaurants within walking distance of the office.

Downtown real estate activity

The Foxen move represents a trend to watch in the local real estate scene. As companies are shifting working models following the Covid-pandemic, an increased pool of space is now available for sublease. (Read more about that trend and its implications in our cover story this week.)

Foxen is a company pouncing on that opportunity, as it is subleasing the 333 W. Nationwide building. (The firm declined to disclose the leaseholder, although signage for Nations Lending is still on the building. That firm, which now lists its Columbus address as 80 E. Rich St., didn't immediately respond to a request for comment.)

Colliers brokered the sublease. Michelle Fude, first vice president with Colliers who worked on the deal, said Foxen's move is a good sign for the Columbus office market.

"We've seen a lot of activity downtown," Fude said. "It is good to see a big sublease leading us into 2023."

Daniel Dunsmoor and Ryan McHugh with Colliers also worked on the deal.


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