The PennZone

PITTSBURGH - PennZone -- Abide Capital Group, a multifamily real estate investment and development firm and joint venture partner MCB Real Estate has acquired Harlow on Main, a 120-unit Class A mixed-use multifamily community in downtown Columbus, OH for $16.5 million.

Delivered in 2020, Harlow on Main is a thoughtfully designed asset located at 195 East Main Street at the gateway of downtown Columbus' Civic Center District. Purpose-built for working professionals and recent graduates, the community offers a compelling mix of lifestyle amenities and modern interiors, including high-end finishes, skyline views, and proximity to top-tier employers such as Nationwide Children's Hospital, Abbott Laboratories, and The Ohio State University.

"This transaction marks an exciting milestone for Abide, which focuses on transformative housing strategies, as we execute our first co-GP investment in Columbus alongside our trusted partners at MCB Real Estate," said Derrick Hawthorne, Founder and Managing Partner of Abide Capital Group. "We're also grateful for the support of Affinius Capital, whose commitment to sponsor our growth has helped make investments like this possible. Our shared goal is to create long-term value by investing in properties that are both community-oriented and institutionally viable."

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Harlow on Main is more than 86% leased and features 7,000 square feet of ground-floor retail, structured parking, and an elevated amenity suite. The property is uniquely positioned to benefit from Columbus' strong economic tailwinds, including a population growth rate that exceeds regional and national averages.

"Our business plan is rooted in execution and stewardship," added Abide Managing Partner Kyle Smith." "With MCB's deep market knowledge and development capabilities, paired with Affinius Capital's strategic alignment, we are positioned to deliver superior outcomes for our residents and capital partners alike."

The investment continues Abide's momentum in deploying capital into markets where housing demand intersects with economic growth and institutional interest. As part of its broader mandate, Abide is focused on scaling a portfolio of quality housing assets across the Midwest and Southeast through strategic joint ventures and programmatic partnerships.

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The acquisition was leveraged with attractive financing from WesBanco.

Newmark marketed the property on behalf of the seller.

About Abide Capital Group
Abide Capital Group is a real estate investment and development firm specializing in the acquisition and repositioning of workforce and mixed-income rental housing. With a mission-driven strategy that aligns institutional capital with community impact, Abide targets opportunities in high-growth secondary markets. Learn more at www.abidecap.com.