Hillwood Lands 1 MSF Columbus Distribution Center
The Perot-owned company purchased TradePort I, a 1 million-square-foot expandable facility. The deal marks Hillwood’s second such acquisition in the metro.
By Laura Calugar
Hillwood, a Perot company, has purchased TradePort I, an up-and-coming 1,020,255-square-foot distribution center in Columbus, Ohio. The asset is expandable to 1,229,443 square feet and is the firm’s second warehouse purchase in the metro.
Located on 78 acres at 3780 TradePort Court, the facility is less than one mile from the Norfolk Southern Intermodal yard and approximately two miles from Rickenbacker International Airport. The distribution center provides access to the Interstate 270 interchange and Route 23. Apart from additional acreage to accommodate up to 209,188 square feet of building expansion and/or trailer parking, the property offers:
- cross-dock configuration
- 36-foot clear height
- 185-foot truck courts
- 102 dock doors
- 232 trailer spaces
- LED lighting
- ESFR sprinklers
“TradePort I is a great complement to our recently acquired 450,000-square-foot Groveport 2 building. With our portfolio, we can provide multiple options for companies looking for Class A distribution space in the Rickenbacker area,” said Hillwood Senior Vice President & Midwest Market Leader Don Schoenheider, in prepared remarks.
According to a Colliers International fourth quarter market report, the Columbus industrial market finished the year on a very strong note. The vacancy rate in the metro was down to 4.2 percent. Looking forward, economists predict Columbus will continue to prosper as more investors want to be part of this growing logistics hub.
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