Own an Iconic Piece of Americana Architecture

COLUMBUS, Ohio–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CCIM?src=hash” target=”_blank”gt;#CCIMlt;/agt;–NAI Ohio River Corridor’s Laurie Stanbro has the opportunity to market
what is known as one of the world’s most “unusual”, “bizarre” or
“coolest” buildings in the United States, depending upon your
perspective. Built in 1997 as the headquarters of the Longaberger
Company, this iconic building is listed in the Lonely Planets book
“Amazing Architecture: A Spotter’s Guide” as one of the 120 world’s
greatest human constructions. The architecture of the building shaped as
the company’s biggest seller, “Medium Market Basket” distinguishes
itself from all the other bricks and glass structures that lack
architecture originality.

Located in Newark, Ohio, visible from SR16, the seven-story, 180,000
sqft basket stands proudly on 21.5 acres. Built at a cost of $32 million
($177.77/SF) this building has everything including impressive C-suite
offices, conference rooms, cafe, theatre and fitness center. Natural
sunlight floods the 30,000 SF atrium from the massive skylight seven
stories high.

Stanbro is marketing the building throughout the Midwest region. Utilizing
the NAI Global, SIOR and CCIM network of offices and agents as well as
regional and state economic development agencies, the building is
getting exposure domestically and internationally.
Organizations
searching for headquarters, additional office space or investors looking
for an opportunity to acquire one of the most unique and iconic
buildings recognized worldwide have expressed interest in this facility.

Stanbro states, “This building has had tremendous exposure worldwide due
to its unique architecture and would make a perfect home for a tech
company, professional services group, even a petrochemical or plastic
company capitalizing on the natural gas and NGL’s found in the Shale
Crescent area of Ohio. This building is the perfect way to differentiate
your business.” According to Stanbro, “How could anyone miss a
seven-story basket less than 30 minutes from Columbus, Ohio?”

The building also offers a great opportunity to repurpose as a hotel,
senior living or shared office concept. The uniqueness and the amenities
of this building would appeal to start-up or existing businesses. The
building has classic offices and open work environments that millennial
and seasoned employees appreciate.

The sale price of the building is currently undisclosed. Replacement
value of an office building built to the high standards of this Class A
interior finish would cost over $200/SF. Sales of existing buildings
throughout the region are in the $100 plus/SF price range. The current
owners are open to any serious offers either to purchase or lease the
property.

NAI Ohio River Corridor (NAIORC), a full-service commercial real estate
firm, affiliate of NAI Global, consists of Stanbro, Leon McCombs and
Bryce Custer, SIOR, CCIM and focuses on commercial real estate in
eastern and southeastern Ohio. NAIORC works with buyers and sellers of
industrial, office, and retail properties, and has been working with
owners and buyers in the Shale Crescent, Point Pleasant, Utica and
Marcellus Shale regions of the Tri-State area. NAIORC has offices in
Bolivar and Marietta, Ohio and Weirton, WV.

For further information please visit www.NAIOhioRiverCorridor.com
or www.OhioRiverCorridor.com.

Contacts

Bryce Custer
330-418-9287
[email protected]

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