Transwestern Investment Group Buys Ohio Industrial Building

Duke Realty sold the Rickenbacker Global Logistics Park facility.

Rickenbacker Global Logistics Park

Rickenbacker Global Logistics Park. Image courtesy of Transwestern Investment Group

Transwestern Investment Group (TIG) has acquired a 582,400-square-foot distribution center in Columbus, Ohio. Rickenbacker Global Logistics Park Rail Site 8 was purchased on behalf of a separately managed account.

According to CommercialEdge data, the previous owner of the newly completed building was Duke Realty. A Colliers Midwest investment services team brokered the deal.

The fully occupied asset is home to a single investment-grade tenant. It features 40-foot clear heights, 56-foot by 50-foot column spacing, electrically operated drive-in doors, ESFR sprinklers, 120 trailer parking spaces and 294 car parking spaces.

Situated at 1417 Rail Southern Court in the Rickenbacker Global Logistics Park, the building is next to the Rickenbacker International Airport and less than 3 miles from the Norfolk Southern Rickenbacker Intermodal Terminal. The facility provides easy access to interstates 270, 71 and 70, placing half of the nation’s population within a one-day drive.

Earlier this year, TIG acquired a 912,522-square-foot industrial property in Indianapolis, also on behalf of a separately managed account. The building is fully occupied by PepsiCo.

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