{"id":1004676532,"date":"2023-08-17T02:39:55","date_gmt":"2023-08-17T10:39:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004676532"},"modified":"2023-08-17T02:40:51","modified_gmt":"2023-08-17T10:40:51","slug":"hines-trust-buys-700-ksf-columbus-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/","title":{"rendered":"Hines Trust Buys 700 KSF Columbus Property"},"content":{"rendered":"
\"I<\/a>

I 70 Logistics Center features 40-foot clear heights. Image courtesy of Hines<\/em><\/p><\/div>\n

Hines Global Income Trust Inc.<\/strong>, a public, non-listed real estate investment trust sponsored by Hines<\/strong>, has acquired I-70 Logistics Center, a 700,000-square foot industrial asset in Columbus, Ohio. The distribution center is 100 percent leased to a third-party logistics provider.<\/p>\n

The Class A property is situated at 9157 Mink St. SW. The asset’s seller is Core5 Industrial Partners<\/strong>, according to CommercialEdge data.<\/p>\n

Completed in 2023, the logistics center is located on an approximately 44-acre site. The same data source shows that the building features 40-foot clear heights, 60-foot by 53-foot, 9-inch column spacing, ESFR sprinklers, a 130-foot truck court and 490 parking spaces. I-70 Logistics Center includes dual corner office buildouts, robotics systems and 6000amp power.<\/p>\n

\n

READ ALSO<\/strong>: Hines\u2019 Trifecta for Carbon Emissions Reduction<\/a><\/p>\n

\n

Situated in the Etna Township of Columbus, the property provides easy access to major distribution routes through U.S. Route 40, Interstate 70 and I-270. Downtown Columbus is a 30 minute drive west of I-70 Logistics Center.<\/p>\n

The distribution facility is also in proximity to two U.S. rail providers, reaching some 60 percent of the nation’s population within a one-day drive.<\/p>\n

JLL Capital Markets<\/strong>‘ Ed Halaburt and Ross Bratcher represented the seller in the deal.<\/p>\n

Columbus-area industrial activity<\/h2>\n

According to a recent CommercialEdge industrial report<\/a>, the Columbus area ranks as the tightest industrial market in the Midwest, with a 1.3 percent vacancy rate at the end of the second quarter. Further, the city also recorded the highest rent growth in the region for the first time in several quarters, with a 5.1 percent year-over-year increase as of June.<\/p>\n

Not far from its headquarters, DHL Supply Chain is expanding its footprint with a 755,000-square-foot distribution center<\/a>. Located in the Violet Township in the Columbus area, the building is slated to open in the second quarter of 2024.<\/p>\n

VanTrust Real Estate is also investing in the region, with the upcoming groundbreaking of a 1.2 million-square-foot build-to-suit warehouse facility<\/a> in New Albany, Ohio. It is the first of multiple projects that the company is expected to complete at the New Albany Tech Park development.<\/p>\n","protected":false},"excerpt":{"rendered":"

Core5 Industrial Partners sold the fully occupied distribution center. <\/p>\n","protected":false},"author":3006,"featured_media":1004676540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21808,21748,21783,13,21742],"tags":[33787,32797,45569],"class_list":["post-1004676532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-featured","category-industrial","category-investment","category-midwest","category-latest","tag-core5-industrial","tag-hines","tag-hines-global-income-trust"],"acf":[],"yoast_head":"\nHines Trust Buys 700 KSF Columbus Property - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.\" \/>\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\/hines-trust-buys-700-ksf-columbus-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Trust Buys 700 KSF Columbus Property\" \/>\n<meta property=\"og:description\" content=\"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/\" \/>\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=\"2023-08-17T10:39:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T10:40:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\/hines-trust-buys-700-ksf-columbus-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/\",\"name\":\"Hines Trust Buys 700 KSF Columbus Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg\",\"datePublished\":\"2023-08-17T10:39:55+00:00\",\"dateModified\":\"2023-08-17T10:40:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg\",\"width\":800,\"height\":620,\"caption\":\"I 70 Logistics Center features 40-foot clear heights. Image courtesy of Hines\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hines Trust Buys 700 KSF Columbus Property\"}]},{\"@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\/366883c93fc1efde412301ab6a4570f9\",\"name\":\"Jordana Rothberg\",\"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\/2022\/09\/Professional-Pic.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"caption\":\"Jordana Rothberg\"},\"description\":\"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hines Trust Buys 700 KSF Columbus Property - Commercial Property Executive","description":"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/","og_locale":"en_US","og_type":"article","og_title":"Hines Trust Buys 700 KSF Columbus Property","og_description":"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.","og_url":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-08-17T10:39:55+00:00","article_modified_time":"2023-08-17T10:40:51+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg","type":"image\/jpeg"}],"author":"Jordana Rothberg","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/","url":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/","name":"Hines Trust Buys 700 KSF Columbus Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg","datePublished":"2023-08-17T10:39:55+00:00","dateModified":"2023-08-17T10:40:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9"},"description":"Hines Global Income Trust Inc., sponsored by Hines, has acquired a 700,000-square foot logistics center in Columbus, Ohio.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg","width":800,"height":620,"caption":"I 70 Logistics Center features 40-foot clear heights. Image courtesy of Hines"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hines-trust-buys-700-ksf-columbus-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hines Trust Buys 700 KSF Columbus Property"}]},{"@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\/366883c93fc1efde412301ab6a4570f9","name":"Jordana Rothberg","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\/2022\/09\/Professional-Pic.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","caption":"Jordana Rothberg"},"description":"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.","sameAs":["https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/I-70-Logistics-Center_Columbus.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004676532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3006"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004676532"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004676532\/revisions"}],"predecessor-version":[{"id":1004676653,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004676532\/revisions\/1004676653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004676540"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004676532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004676532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004676532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}