MFT, Fed One Break Ground on 260 KSF Warehouse in Ohio
This is the second phase of Air South Commerce Center, an industrial project near Columbus that will eventually feature 400,000 square feet.
By Laura Calugar
A rendering of Air South Commerce Center in Whitehall, Ohio
Mark F. Taggart Co. has begun work on the second phase of the Air South Commerce Center in Whitehall, Ohio. The company is developing a 259,800-square-foot warehouse facility with local contractor and developer, Fed One Dublin. Once this phase is completed, the total square footage of the development will reach 400,000.
Located at 4712 Poth Road, in the Airport South Commerce and Tech Center area, the new warehouse facility will feature concrete tilt up panels, 32-foot clear height, ESFR fire suppression, T-5 lighting, 60-foot speed lane, 40 trailer parking spaces and more than 200 additional lots.
“The Air South Commerce Center fills a market niche for the industrial users in the 40,000-square-foot to 100,000-square-foot size range who want all the bells and whistles typically associated with larger bulk facilities,” said MFT Co. President Mark Taggart, in a prepared statement.
Complex financing
Project financing was made possible through a combination of a grant/loan package through Jobs Ohio and a construction/permanent loan from Civista Bank with participating banks The Union Bank Co. and The Savings Bank.
Mark F. Taggart Co. has already signed its first tenant, Wolff Bros. Supply, that will lease 52,000 square feet of industrial office and warehouse space. The tenant was represented by Weston Devore and Don Matsanoff of CBRE Columbus in this leasing transaction. Wolff Bros. Wolff Bros. is a supplier of electrical, lighting, DataCom, plumbing, kitchen and bath cabinetry, HVAC equipment, tools, fasteners and chemicals. All other interested tenants will be offered a 15-year, 100 percent real estate tax abatement on improvements through the City of Whitehall.
The first phase of the project broke ground in July and is currently underway. The second phase is expected to be completed by April 2018.
The Columbus industrial market is in the midst of seven straight years of positive net absorption. A joint venture between PCCP and The Pizzuti Cos. also announced plans to build an 802,390-square-foot, speculative development.
Image courtesy of Mark F. Taggart Co.
You must be logged in to post a comment.