COLUMBUS, Ohio (WCMH) — The Mercantile building in Downtown Columbus has been sold to a Washington, D.C.-based investment firm for $8.9 million, marking the company’s first acquisition in central Ohio.
Rampart Capital purchased the apartment building at 309 S. Fourth St. and the nearby lots used for tenant parking. Franklin County property records show the sale at $8.4 million. Rampart founder Michael Cournoyer told NBC4 that the entire transaction totaled $8.9 million, including $500,000 for the parking parcels.
The firm plans to keep the Mercantile apartments and make improvements to the property over time. See the latest NBC4 headlines in the video player above.
“The Mercantile stood out to us as a unique historic property in the heart of downtown, combining the character of an older Columbus building with high-quality modern residences,” Cournoyer said in a statement…