CRG, in partnership with affiliates of Lexington Realty Trust, is developing The Cubes at Etna East, two build-to-suit distribution warehouses totaling up to 1.6 million square feet in Columbus, Ohio.
The 127-acre project is located just south of the interchange of I-70 and State Route 310 in Etna Township, a submarket of Columbus. This site is the second phase of a larger industrial park that includes The Cubes at Etna 70, a 155-acre land development that began infrastructure work in the fall of 2017. The new planned development, which is located across the street from The Cubes at Etna 70, is approved, fully entitled and zoned for industrial.
Kohl’s became the first development in the master plan with its 1.2-million-square-foot build-to-suit distribution center, which broke ground in November of 2018. The facility is expected to open in the first quarter of 2021 and is set to bring nearly 700 jobs to the area. The first phase of the master plan at Etna West also includes an 800,000-square-foot pad-to-suit, which will finish construction by Sept. 1.
The Cubes at Etna East is CRG’s third industrial project in the Columbus market, including the Kohl’s distribution center and The Cubes at Rickenbacker, a 320,000-square-foot speculative distribution warehouse in Obetz, Ohio.
CRG is currently developing infrastructure for The Cubes at Etna East, which includes a new road and traffic signal to connect to State Road 310, just south of the five-lane bridge and a two-lane signaled off ramp at I-70. The new interchange is within 100 yards of The Cubes and provides convenient access for warehouse traffic.
In addition to infrastructure work, a small parcel of land will be developed into a truck stop by Love’s Travel Stops with direct access to the two proposed buildings. Additional amenities will include a proposed 15-year full tax abatement for new tenants.
CRG acquired the site in a joint venture with Lexington Realty Trust, a leading U.S. REIT focused on net-leased industrial properties, in December 2019. The firm will develop with its parent company, Clayco, who will serve as the design-builder, while Clayco subsidiary Lamar Johnson Collaborative will serve as architect on the project.
CBRE’s Jeff Lyons and Joseph Kimener are the brokers for the project.