{"id":1004751640,"date":"2025-03-21T06:15:16","date_gmt":"2025-03-21T14:15:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004751640"},"modified":"2025-03-21T06:25:35","modified_gmt":"2025-03-21T14:25:35","slug":"columbus-industrial-asset-trades-for-32m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/columbus-industrial-asset-trades-for-32m\/","title":{"rendered":"Columbus Industrial Asset Trades for $32M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004751641\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/columbus-industrial-asset-trades-for-32m\/wurth-columbus\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg\" data-orig-size=\"1000,750\" 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=\"W\u00fcrth-Columbus\" data-image-description=\"&lt;p&gt;Property at 1568 Georgesville Road, Columbus, Ohio&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;MSC Industrial Supply owned and occupied the facility prior to W\u00fcrth\u2019s acquisition. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg\" alt=\"Exterior shot of W\u00fcrth Industry North America's acquisition in Columbus, Ohio.\" class=\"wp-image-1004751641\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/Wurth-Columbus.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">MSC Industrial Supply owned and occupied the facility prior to W\u00fcrth\u2019s acquisition. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>W\u00fcrth Industry North America has acquired a 472,000-square-foot industrial asset in Columbus, Ohio, with the potential for a future expansion of 500,000 square feet. MSC Industrial Supply sold the property for $32 million, according to CommercialEdge data.<\/p>\n\n\n\n<p>The acquisition is part of a $42.5 million investment plan by W\u00fcrth, which is set to expand the company\u2019s distribution network. The firm supplies production materials and metalworking products, among others, and plans to utilize the building to stock a full assortment of items.<\/p>\n\n\n\n<p>MSC vacated the facility during 2024\u2019s third quarter, according to a report by Colliers. Since then, the City of Columbus worked to attract new business, Mayor&nbsp;Andrew Ginther said in prepared remarks.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-february-2025\/\">Top 10 Emerging Industrial Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The city proposed a five-year, dual-rate Jobs Growth Incentive Agreement with W\u00fcrth, a bulletin shows. Under this agreement, the local government would make payments based on the number of new employees, among other criteria. W\u00fcrth pledged to create up to 160 new full-time jobs.<\/p>\n\n\n\n<p>Located on more than 70 acres at 1568 Georgesville Road, the 2013-built property is roughly 10 miles southwest of downtown Columbus. Thoroughfares such as U.S. Route 40 and Interstate 270 can be found within about 3 miles, while the Bolton Field airport operates less than 2 miles away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-columbus-robust-industrial-investment\">Columbus&#8217; robust industrial investment<\/h2>\n\n\n\n<p>Metro Columbus\u2019 <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial sales volume<\/a> wrapped up 2024 at $989 million, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-february-2025\/\">CommercialEdge report<\/a>. Assets traded on average for $79 per square foot last year, below the national average of $129 per square foot. Other Midwestern markets fared better, such as the Twin Cities ($95 per square foot) and Chicago ($92).<\/p>\n\n\n\n<p>The Hub at London Groveport\u2019s phase one was among the industrial assets that traded last year. <a href=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-buys-1-6-msf-in-columbus\/\">EQT Exeter purchased the 1.6 million-square-foot<\/a> collection from a joint venture between Xebec and Heitman.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>W\u00fcrth Industry North America picked up the 500,000-square-foot property. <\/p>\n","protected":false},"author":3471,"featured_media":1004751641,"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":[],"class_list":["post-1004751640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-industrial","category-investment","category-midwest","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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