Newsletters

Market for Ohio Distribution Bldgs. Heats Up

COLUMBUS—Duke Realty Corp. recently began a 482K spec project and has already secured a tenant for roughly half the space.

By Brian J. Rogal | Updated on August 12, 2015

COLUMBUS—Strong tenant activity in this centrally-located city has encouraged a number of top developers to start breaking ground on class A distribution buildings. Just yesterday, GlobeSt.com reported that NorthPoint Development recently began to put up a 1-million-square-foot structure near Rickenbacker International Airport. And Duke Realty Corp. just became the latest builder to start a new bulk facility. Officials from the REIT announced yesterday that, along with the Columbus Regional Airport Authority and Capitol Square, Ltd. they will build a 482,300-square-foot warehouse at Rickenbacker Global Logistics Park southeast of Columbus.

In addition, INNO-PAK, LLC, a Delaware, OH-based designer, manufacturer and distributor of packaging products for the grocery and food service industries, has already agreed to lease 53% or 253,838 square feet of the new building. Duke and its partners are constructing the warehouse, which they will call Intermodal North Building 3, on a 33-acre site between Rickenbacker Pkwy. and the airport.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.