Prologis Sells Columbus Facility

A 350,000-square-foot facility in Columbus, Ohio, has changed hands for $49 million, according to Columbus Business First. Prologis sold the property, which is fully leased by Cardinal Health, to Boyd Watterson Asset Management, according to Yardi Matrix.

Cardinal Health uses the purpose-built facility as a centralized replenishment hub to distribute over-the-counter medication to more than 20 forward distribution centers. Located on 24 acres at 9560 Heartland Court, the building is adjacent to Rickenbacker International Airport and about 21 miles from downtown Columbus.

The property broke ground in April 2024 and became fully operational in July 2025. The LEED Silver-certified building features robotics, high-speed conveyors and automated labeling, as well as four drive-in doors and 46 dock-high loading doors.

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Since 2020, Cardinal Health has invested more than $115 million in Ohio for the construction of four distribution centers, as well as infrastructure and technology improvements in its existing facilities in the state. The company’s headquarters is also within metro Columbus.

Columbus’ industrial investment year-to-date as of May clocked in at $356 million, according to a recent Yardi Matrix report. Assets in the metro changed hands for $115 per square foot on average, well below the $139 national threshold.

Prologis’ recent industrial deals

Prologis’ portfolio comprises more than 1.3 billion square feet owned and managed across 20 countries, worth about $230 billion. In the U.S., the company recently formed a $1.6 billion joint venture with GIC to develop and acquire build-to-suit logistics properties, with a seed portfolio encompassing 4.1 million square feet.

Last month, Prologis sold a five-building portfolio in Savannah, Ga., for more than $75 million. The collection spans 737,050 square feet and was fully leased to five tenants at the time of the deal.