{"id":1004196958,"date":"2017-11-09T05:45:47","date_gmt":"2017-11-09T13:45:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196958"},"modified":"2022-12-08T17:46:18","modified_gmt":"2022-12-09T01:46:18","slug":"jv-to-develop-802-ksf-distribution-facility-in-ohio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/","title":{"rendered":"JV to Develop 802 KSF Distribution Facility in Ohio"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004196971\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196971\" data-attachment-id=\"1004196971\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/capture-132\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\" data-orig-size=\"874,656\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1510229314&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Capture\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg?w=874\" class=\"wp-image-1004196971 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\" alt=\"A rendering of Rickenbacker West I in Columbus, Ohio \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg 874w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196971\" class=\"wp-caption-text\">A rendering of Rickenbacker West I in Columbus, Ohio<\/p><\/div>\n<p>A joint venture between PCCP and The Pizzuti Cos. plans to build Rickenbacker West I, an 802,390-square-foot, speculative development. The expandable Class A industrial building will sit on 50 acres in Columbus, Ohio, within the Creekside Industrial Center in the Rickenbacker Global Logistics Park. Pizzuti has already developed more than 10 million square feet of industrial product to date there. The project has begun construction and completion is scheduled for the summer of 2018.<\/p>\n<p>Located within Columbus\u2019 Southeast submarket, near other institutional owners such as Duke Realty, JP Morgan, Northpointe, VanTrust, DCT Industrial, Blackstone, Exeter and Exxcel, Rickenbacker West I will be south of Rickenbacker International Airport. The main access point to the property via Alum Creek Drive will provide east\u2010west access, with interstates 270, 71, 70 and 670 in close proximity. The cross-dock distribution center will feature 36-foot clear heights.<\/p>\n<p>The greater Columbus industrial market consists of more than 232 million square feet and continues to attract institutional capital due to abundant workforce, favorable real estate tax abatement programs and ability to access 60 percent of the U.S. population within a one\u2010day drive. The Columbus industrial market is in the midst of seven straight years of positive net absorption.<\/p>\n<p>Recently, PCCP also invested in North Bay Logistics Centers, a vacant 843,248-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/vacant-840-ksf-industrial-building-sells-in-vacaville-ca\/\">industrial building<\/a> in Vacaville, Calif.<\/p>\n<p><em>Image courtesy of PCCP <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PCCP and The Pizzuti Cos. intend to build a speculative industrial building in Columbus. Rickenbacker West I is anticipated to be completed by the summer of 2018. <\/p>\n","protected":false},"author":238,"featured_media":1004196971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21782,21748,21783,13,21742],"tags":[33053,38290],"class_list":["post-1004196958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-development","category-industrial","category-investment","category-midwest","category-latest","tag-pccp-llc","tag-the-pizzuti-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV to Develop 802 KSF Distribution Facility in Ohio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV to Develop 802 KSF Distribution Facility in Ohio\" \/>\n<meta property=\"og:description\" content=\"PCCP and The Pizzuti Cos. intend to build a speculative industrial building in Columbus. Rickenbacker West I is anticipated to be completed by the summer of 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-09T13:45:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:46:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"874\" \/>\n\t<meta property=\"og:image:height\" content=\"656\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/\",\"name\":\"JV to Develop 802 KSF Distribution Facility in Ohio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\",\"datePublished\":\"2017-11-09T13:45:47+00:00\",\"dateModified\":\"2022-12-09T01:46:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Capture.jpg\",\"width\":874,\"height\":656},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-to-develop-802-ksf-distribution-facility-in-ohio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV to Develop 802 KSF Distribution Facility in Ohio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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