VanTrust Kicks Off 1 MSF Columbus Project
The campus is set to come online next year.
VanTrust Real Estate has started construction on Building I within Park 762, a 1 million-square-foot industrial project in Lockbourne, Ohio, in metro Columbus. The facility is scheduled to come online in the second quarter of next year.
Partners on the project include Red Architecture and Pepper Construction as general contractor. CBRE is in charge of leasing efforts.
The facility is the first to break ground within a 286-acre master-planned industrial campus that has immediate access to Rickenbacker Global Logistics Park. The project will rise along State Route 762, less than 1 mile from the intersection of State Route 762 and U.S. Route 23.
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The Class A distribution center will have a cross-dock configuration, with 40-foot clear heights and about 2,500 square feet of speculative office. The development will offer 100 dock-high loading doors, expandable to 147, four drive-in doors and 70-foot speed bays. Additionally, the property will also include 576 car parking spaces, 138 trailer stalls and the possibility of a 129,675-square-foot expansion.
Earlier this year, VanTrust acquired more than 71 acres of land in Orlando, Fla., for another development. The company will construct SunPark Industrial, a 2 million-square-foot campus. Groundbreaking on the first phase is set to start in the third quarter of this year.
Columbus’ growing industrial pipeline
Columbus had one of the largest industrial pipelines as of March, according to a Yardi Matrix industrial report. The metro had 12.1 million square feet underway, accounting for 3.6 percent of its total inventory. Nationally, this figure stood at 1.8 percent on average.
One of the largest developments that is currently under construction in the metro is Building C within LG Logistics Park. Ares Management broke ground on the 861,640-square-foot facility last year using funds from a $43.1 million note. Completion is scheduled for later this year.
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