Rushmore Properties buys 6-building campus

Rushmore Properties has acquired the Northeast Business Campus, an office/flex complex totaling 199,512 square feet in Columbus, Ohio.

The value of the transaction was not disclosed.

The class B complex consists of two flex buildings, two single-story office buildings, one two-story office building and one warehouse building.

Rushmore Properties said it plans to: lease approximately 50,000 square feet of vacant space at the complex; upgrade the business park's signage and the lobby of the two-story building; and increase rental rates as the office market continues to recover.

Wrightwood Capital sold the portfolio.

Rushmore Properties LLC was formed in the spring of 2002 to acquire value-added real estate assets and real estate-related debt and equity positions.

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