January 15, 2020
CT Realty and Walton Street Capital acquired 382 acres of industrial land in Columbus, OH to develop 5.7 million square feet of large-scale warehouse and distribution space. Located within the Rickenbacker Industrial Park, the eight-building project will benefit from proximity to distribution infrastructure and a densely populated consumer base.
“Columbus is a superb market from which to reach over half of the U.S. population and one-third of Canadian residents in a single-day truck drive, making this an ideal distribution location for companies,” said CT Realty partner Rob Huthnance.
The first phase of development is set to begin in the first quarter and consists of two buildings totaling 1,146,780 square feet. A completion date in early 2021 is planned for these buildings.
Terms of the land acquisition weren’t disclosed. JLL’s Brian Marsh and Dan Wendorf arranged the transaction and will also represent the project in leasing to national and local tenants.
Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.
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