Hines Global Income Trust has acquired I-70 Logistics Center at 9157 Mink St. SW in Columbus, Ohio, a distribution center that is 100% leased to a third-party logistics provider.
With a diversified portfolio of global assets, this acquisition strengthens HGIT’s logistics sector allocation and expands its presence in the Midwest. HGIT has a $3.9 billion portfolio of commercial real estate investments that is more than 63% weighted toward the industrial and living sectors.
The Class-A, 700,000-square-foot logistics center, completed this year, features 40-foot clear heights, 6000amp power, advanced robotics, ample car and trailer parking and dual corner office buildouts.
It is strategically located with easy access to two of the largest U.S. rail providers, reaching roughly 60% of the North American population within a one-day drive, and is poised to benefit from the recently announced Intel computer chip manufacturing facility to be built near Columbus.
