Industrial i Ohio

Avison Young marketing 451,000-square-foot industrial portfolio in Columbus

  

Avison Young announced has secured the exclusive sale listing for a 451,215-square-foot two-building industrial portfolio in the Columbus, Ohio, market.

The portfolio is owned by institutional investors advised by J.P. Morgan Asset Management. Both buildings are leased to strong corporate tenants with businesses that rely on the location and the region’s distribution network.

Both buildings are located in Rickenbacker Global Logistics Park, a 1,777-acre area with 30 million square feet of development spread over multiple towns. The portfolio includes Rickenbacker IV, a 330,179-square-foot distribution center at 2400 Spiegel Drive in Groveport, Ohio, and Creekside V, a 121,036-square-foot corporate laboratory facility located at 2150 Bixby Road in Lockbourne, Ohio.

Avison Young Principals Erik Foster and Mike Wilson, who are both based in the firm’s Chicago office and members of the company’s national industrial capital markets group, are representing the seller.

Creekside V is 100 percent leased to Luxottica, the world’s largest eyewear company, which utilizes the space for its U.S. manufacturing and distribution operations. Rickenbacker IV is 70 percent leased (231,213 square feet) to Essilor of America, a global optical-lens manufacturer and distributor.