Hillwood Investment Properties has acquired Rickenbacker 8, a new 484,216-square-foot Class-A industrial warehouse located in the Southeast submarket of Columbus, Ohio.
This cross-dock facility was completed in late 2014 and offers Class-A amenities such as 32-foot clear height, 135′-185′ truck courts, trailer storage, ample car parking, ESFR sprinklers and a 15-year 100 percent tax abatement. This is U.S. Industrial Fund II’s first acquisition in the Columbus industrial market.
“This acquisition is consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets,” said Tom Fishman, executive vice president with Hillwood Investment Properties, in a statement.
The project is in close proximity to the Rickenbacker International Airport, the Port Columbus International Airport and the Northfolk Southern intermodal yard. The location also provides access to the Alum Creek Drive and I-270 interchange, I-70 and I-71.
Hillwood’s JLL leasing team in Columbus includes Dan Wendorf, Steve Kuhr and Adam Bornhorst.