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Here's what downtown's KeyBank building sold for

Heres what downtowns KeyBank building sold for

The KeyBank building sold for a little more than $12 million.

New York-based Zamir Equities bought the building at 88 E. Broad, across the street from the Ohio Statehouse. The deal, which took about a year, was finalized this week.

The building was built in the 1960s. In 1997, it sold for $19 million, according to the Franklin County Auditor. It changed hands again for $12.3 million in 2005, according to the auditor.

The building, which has 250,000 rentable square feet, is currently about 75% occupied. Zamir previously told Columbus Business First that since the deal was finalized, they have already signed an additional tenant, a government relations consulting firm.

Over the past several years, the Schottenstein Property Group, which had owned the building since 2005, made about $7 million in capital improvements to the building, according to a press release from Colliers.

The building has covered valet parking, attached controlled parking, a Starbucks, a pizza joint and on-site common conference facilities.

Zamir Equities currently has nearly $500 million in commercial real estate assets. The firm owns other office buildings in Ohio, in Cincinnati and Cleveland.

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