In what appears to be the highest price ever paid for a Columbus office building, Qatar First Bank has bought the new CoverMyMeds headquarters for $120 million. The price includes only the first of two buildings in the $240 million Franklinton development. CoverMyMeds is wrapping up the building and plans to start moving employees in within a few weeks. Franklin County Auditor records identify the buyer as MK 1 Property Co., registered in the state of Delaware, but Qatar First Bank announced the acquisition in a news release widely reported in publications that cover Persian Gulf business news. CoverMyMeds signed a 10-year lease for the 218,000-square-foot building, according to the release. A second building, at 200,000 square feet, is well underway and is expected to be completed next year. The sale does not impact CoverMyMeds' operations at the building, the company said.

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