DFWLAND Acquires Mixed-Use Pointe at Polaris in Columbus in Office and Retail Real Estate Deal

DFWLAND has acquired the office and retail components of The Pointe at Polaris, a mixed-use development in the Polaris submarket of Columbus, Ohio, from a joint venture between VanTrust Real Estate and NP Limited Partnership, according to an announcement from Newmark on April 29, 2026. Newmark also arranged acquisition financing for the buyer in connection with the transaction.

The transaction price, loan amount, and cap rate were not disclosed. Newmark represented the seller in the deal while separately advising the buyer and arranging debt financing.

Office and Retail Components of the Deal

The Pointe at Polaris comprises 212,366 square feet of trophy office space and 33,071 square feet of retail space, for a combined 245,437 square feet of commercial space. Both components are fully leased. The office portion counts Bank of America, Fiserv, Power Home Remodeling, and Employers Health among its tenants, while the retail portion is occupied by Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea, and Club Pilates. The property is situated along Polaris Parkway with access to Interstate 71 and sits adjacent to Polaris Fashion Place, one of the region's prominent retail destinations.

In addition to the office and retail components, the broader mixed-use development includes luxury residential and hotel offerings, though those components were not part of this transaction.

"The Pointe at Polaris is a best-in-class mixed-use asset that reflects the quality VanTrust delivers nationwide," said Derek Fohl, Senior Managing Director at Newmark. "We're seeing increased competition for institutional-quality assets as capital continues to target long-term value."

Newmark's Role in the Sale and Financing

A Newmark Capital Markets team led by Senior Managing Director Derek Fohl, Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood, and Associate Director Jack Trager, in collaboration with Executive Vice President Jim Clark, represented seller VanTrust Real Estate. Vice Chairman Gary Carr advised buyer DFWLAND on the acquisition, while Executive Managing Director Ari Schwartzbard and Vice Chairman Bill Weber arranged the financing. Associate Jake Paschen provided analytical support.

"Strong collaboration across teams was critical to the success of this transaction," said Ari Schwartzbard. "The close alignment between debt and investment sales groups ensured a seamless process from start to finish and a favorable outcome for all parties. We're grateful for the partnership and execution of the entire team."

This is the second time in the past year that Newmark has assisted DFWLAND with a Midwest acquisition. The firm previously worked with the same buyer on the $100 million acquisition of Park Place Village, a mixed-use asset in suburban Kansas City.

Buyer and Seller Perspectives

DFWLAND is led by Chief Executive Officer Vijay Borra and Chief Investment Officer Brian Rosen.

"The acquisition of The Pointe at Polaris adds another top-tier investment to our growing portfolio of high-yielding, income-producing assets," said Vijay Borra. "We are excited to gain entry into the Columbus market with this acquisition and thank the seller, VanTrust, for offering us another exciting investment opportunity."

"We selected The Pointe at Polaris as it encompasses sought-after office and retail tenants in a multi-use environment that includes multifamily and a hotel," added Brian Rosen. "This opportunity fits in with our thesis of acquiring well-located office and retail assets in growing MSAs across the U.S."

VanTrust Real Estate Chief Investment Officer Jeff Dillon described the transaction as the culmination of the firm's development objectives for the asset.

"The Pointe at Polaris represents exactly the kind of institutional-quality, mixed-use development that VanTrust and our partner NP Limited Partnership set out to create — a fully leased, amenity-rich asset that serves both tenants and the surrounding community at the highest level," said Jeff Dillon. "We're proud of what we built in the Polaris submarket and are pleased to see it transition to a buyer who shares our appreciation for long-term value."

Columbus Polaris Submarket

The Polaris submarket is described in the announcement as one of suburban Columbus's most active commercial corridors, known for its concentration of retail, dining, and employment centers. The submarket's proximity to Interstate 71 and Polaris Fashion Place has supported tenant demand across office and retail categories. Both the office and retail components of The Pointe at Polaris are fully leased.

For DFWLAND, the Columbus acquisition represents a geographic expansion into the Midwest following its Kansas City transaction, consistent with the firm's stated focus on well-located office and retail assets in growing metropolitan statistical areas across the United States.

Newmark Group, Inc. (Nasdaq: NMRK) reported revenues of nearly $3.3 billion for the twelve months ended December 31, 2025, and operates from approximately 175 offices with more than 9,300 professionals across four continents.

Sources

Newmark Press Release: Newmark Facilitates Sale and Financing of Office and Retail Components at The Pointe at Polaris in Columbus, Ohio (April 29, 2026)