MDH Partners has acquired Green Pointe Landing, a 100,000-square-foot industrial warehouse in Columbus, Ohio. Houston Hawley served as the acquisition lead for MDH Partners. Cushman & Wakefield represented the seller, Tyler Ford of Oakridge Development Company and its partner Fed One.
Completed in January of 2022, Green Pointe Landing is situated on 8.73 acres and is located at 5740 N. Green Pointe Drive in the Groveport neighborhood of Columbus. The property features ESFR sprinkler systems, 20 dock doors, 135 car parking spaces, clear heights of 28 to 32 feet. Green Pointe Landing is positioned only 6.8 miles from Norfolk Southern Rickenbacker Intermodal, 4.2 miles from Rickenbacker International Airport and within a day’s drive of over 150 million people or 46% of the country’s population. The area is highly desirable for manufacturing and distribution users with over 2,242 total businesses located within five miles.
According to Cushman & Wakefield, the Columbus industrial market continues to see significant growth, with 3 million square feet of space absorbed in the fourth quarter of 2021. This brings the year-to-date total to 15 million square feet of space absorbed, higher than the 2019 and 2020 total absorption combined. Notably, vacancy reached a low point of 2.6% despite the addition of more than 20 million square feet of completed new construction in 2020 and 2021.
The purchase of Green Pointe Landing increases MDH Partners’ Ohio footprint to more than 680,000 square feet. The firm previously acquired Harrison Distribution Center, an industrial facility located near Cincinnati, in July 2021. Both Tyler Ford and MDH Partner’s CFO Arun Singh are graduates of Fisher College of Business at The Ohio State, and first met at a networking event in 2013. MDH Partners CFO Singh was also recently recognized by the Ohio State University Fisher College of Business’s 2021 Alumni Awards. Singh is the recipient of the Professional Achievement Alumni Award in recognition of outstanding achievement in business, civic involvement and service to the college.
MDH Partners has remained active, acquiring nearly five million square feet of industrial assets since last January. The firm recently expanded into new markets, including California, Maryland, Minnesota, Illinois and Pennsylvania, and currently owns over 80 assets across 18 states.
