Rendering of Rickenbacker West Industrial Center I, Columbus, OH
COLUMBUS, OH—Quaker Distributing has signed a 60-month lease at an 800,000 square-foot class A distribution facility at 1901 Beggrow Street near Rickenbacker International Airport in Columbus, OH. The Pizzuti Companies, a privately owned local real estate services company and developer, recently completed construction of the property.
A CBRE team of Michael Mullady, Jeff Lyons, Matthew Lehman and Joseph Kimener brokered the deal.
“We are pleased that we could assist Quaker in maintaining their presence in the Columbus industrial market – a key distribution point in their supply chain,” says Lyons, a CBRE senior vice president. “This expansion demonstrates the continuing importance of the Columbus market as a strategic distribution hub for the multiple Fortune 100 Companies that have chosen this market; they see the growth potential of Columbus having available space and available labor to support current and future operations.”
On April 1, Quaker Distributing is scheduled to relocate from its current 700,000-square-foot distribution facility into Rickenbacker West I. This move will put them in a new building that optimizes operational efficiency while keeping them within the same Columbus Southeast Industrial Submarket.
Quaker needed to be in a larger, modern building with Class A amenities that can accommodate future growth. Rickenbacker West I is now completing the tenant's fit-out within the state-of-the-art distribution center.
The building features precast concrete panel construction, 48 dock doors in a cross-dock configuration, 36-foot warehouse clear height, energy efficient LED lighting, parking for 300 trailers and 218 cars. This building can be expanded to one million square feet to accommodate future growth and has a 15-year, 100 percent real estate tax abatement.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
