{"id":1004711036,"date":"2024-04-19T03:49:52","date_gmt":"2024-04-19T11:49:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004711036"},"modified":"2024-04-19T05:20:25","modified_gmt":"2024-04-19T13:20:25","slug":"w-p-carey-buys-1-2-msf-columbus-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-buys-1-2-msf-columbus-facility\/","title":{"rendered":"W. P. Carey Buys 1.2 MSF Columbus Facility"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004711037\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-buys-1-2-msf-columbus-facility\/midwest-distribution-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/midwest-distribution-center-e1713476576684.jpg\" data-orig-size=\"1392,1045\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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;0&quot;}\" data-image-title=\"midwest-distribution-center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/midwest-distribution-center-e1713476576684.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/midwest-distribution-center.jpg?w=1024\" alt=\"\" class=\"wp-image-1004711037\" style=\"width:400px\"\/><figcaption class=\"wp-element-caption\">Building 2 of Rickenbacker Exchange at Commercial Point, which is fully leased to HanesBrands. <em>Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n<p>VanTrust Real Estate has sold Building 2 of Rickenbacker Exchange at Commercial Point, a 1.2 million-square-foot speculative industrial building in Commercial Point, Ohio.<\/p>\n<p>According to <em>REBusinessOnline<\/em>, W.P. Carey paid $94.1 million for the facility, in a transaction brokered by Colliers\u2019 Midwest Investment Services Team. The group was led by Vice Chair Alex Cantu and Executive Vice President Alex Davenport.<\/p>\n<p>Building 2\u2019s change of hands takes place roughly two years after its completion and subsequent full lease to HanesBrands. <em>The Columbus Dispatch<\/em> reports that the deal was the biggest new industrial lease in the city that year, as the clothing brand sought a distribution center that could directly access customers around the Northeast and Midwest.<\/p>\n<hr \/>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/ev-battery-exploration-charges-up-demand-for-sites-facilities\/\"><span class=\"fl-heading-text\">EV Battery Quest Super-Charges Demand for Sites, Facilities<\/span><\/a><\/p>\n<hr \/>\n<p>Building 2 is the second largest to come online at Rickenbacker Exchange, an 875-acre master-planned industrial park. Rickenbacker\u2019s North Campus, where Building 2 lies, is a portion spanning four buildings across 320 aces. Within and around Building 2, HanesBrands has access to an exterior with 120 loading docks, four drive-in doors and 728 parking spaces, and an interior with 40-foot clear heights and 56- by 50-foot column spacings.<\/p>\n<p>Building 1, a 1.2 million-square-foot facility, came online in August of 2023. Building 3, set to be the campus\u2019 largest, will measure more than 1.5 million square feet. In contrast, Building 4 will span 238,000 square feet.<\/p>\n<p>Located at 521 Exchange Way, the campus\u2019 neighbors include facilities operated and occupied by Amazon, DHL, FedEx, Lowe\u2019s, Walmart and Whirlpool. Building 2 and the larger North Campus are within 22 miles of interchanges to Interstates 70, 71 and 270, as well as access to a Norfolk &amp; Southern Intermodal connection. Downtown Columbus lies 13 miles to the north, and the Rickenbacker Exchange is within a day\u2019s drive of the Northeast and Midwest\u2019s largest cities, which have a combined population of more than 110 million residents.<\/p>\n<h2>Columbus, a midwestern industrial darling<\/h2>\n<p>Nearly all of the Columbus industrial market\u2019s fundamentals are among the best in the Midwest. According to CommercialEdge\u2019s latest <a href=\"https:\/\/www.commercialsearch.com\/news\/ai-leads-to-data-center-boost-across-markets\/\">national industrial report<\/a>, The Discovery City had a vacancy rate of 2.7 percent as of February, a pipeline of 5.6 million square feet and year to-date sales of $123 million. Part of the market&#8217;s growth comes from the chip fabrication and data center sectors, as Intel is moving forward with the development of a 1,000-acre, <a href=\"https:\/\/www.commercialsearch.com\/news\/intel-to-receive-8-5b-in-federal-funding-for-chip-projects\/\">$20 billion manufacturing campus<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>HanesBrands fully occupies the industrial building. <\/p>\n","protected":false},"author":3012,"featured_media":1004711037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21748,21783,13,21742],"tags":[35498,51602,36313],"class_list":["post-1004711036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-industrial","category-investment","category-midwest","category-latest","tag-colliers","tag-vantrust","tag-w-p-carey"],"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>W. 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