{"id":1004818201,"date":"2026-11-09T05:32:22","date_gmt":"2026-11-09T13:32:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004818201"},"modified":"2026-11-09T05:32:24","modified_gmt":"2026-11-09T13:32:24","slug":"xebec-lands-155m-for-columbus-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/xebec-lands-155m-for-columbus-development\/","title":{"rendered":"Xebec Lands $155M for Columbus Development"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6af1d0a5467d8&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004818199\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/buckeyeyards\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png\" data-orig-size=\"800,620\" 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=\"BuckeyeYards\" data-image-description=\"&lt;p&gt;Rendering sent with press release by Grace Lewis at JLL &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Buckeye Yards will feature four Class A industrial buildings totaling 1.8 million square feet in Columbus, Ohio. Rendering courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png?w=800\" alt=\"rendering of aerial view of industrial project in Columbus\" class=\"wp-image-1004818199\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Buckeye Yards will feature four Class A industrial buildings totaling 1.8 million square feet in Columbus, Ohio. <em>Rendering courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Xebec and an institutional capital partner have closed on a $155 million construction loan for Buckeye Yards, their 1.8-million-square-foot, four-building speculative Class A industrial development in Columbus. JLL Capital Markets arranged the funding from Oxford Properties.<\/p>\n\n\n\n<p>The project is being developed on the site of a former Norfolk Southern rail yard. The master-planned development\u2019s first phase covers 153 acres and will consist of modern logistics and distribution space. JLL described the location as one of the last large-scale infill industrial sites in Columbus.<\/p>\n\n\n\n<p>This first phase will comprise four industrial buildings ranging from about 205,000 square feet to more than 910,000 square feet.<\/p>\n\n\n\n<p>The development will include both rear-load and cross-dock configurations, 36- to 40-foot clear heights, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. Buckeye Yards will benefit from a 10-year tax abatement.<\/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\/sior-special-report-whats-driving-industrial-development\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/sior-special-report-whats-driving-industrial-development\/\">What\u2019s Driving Industrial Development<\/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>Buckeye Yards is adjacent to a four-way interchange connecting Interstates 70 and 270 and the CSX intermodal facility. The property is also near Rickenbacker International Airport and John Glenn Columbus International Airport, providing multimodal transportation access for logistics, manufacturing and distribution users.<\/p>\n\n\n\n<p>JLL\u2019s Capital Markets team included Senior Managing Director Danny Kaufman, Managing Director Lucas Borges, Senior Director Brian Walsh, Associate Michael Gurwin and Senior Analyst Emma Berner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-big-projects-big-leases\">Big projects, big leases<\/h2>\n\n\n\n<p>The Columbus industrial space market saw 2.9 million square feet of net absorption in the third quarter, which pulled the year-to-date total up to 9.2 million square feet, according to JLL. The market is on pace to approach its 2021 record.<\/p>\n\n\n\n<p>Large transactions drove much of that activity, including new move-ins exceeding 300,000 and 400,000 square feet. Four new leases ranged from more than 600,000 square feet to just over 1 million square feet.<\/p>\n\n\n\n<p>The construction pipeline grew to 13 million square feet from 9.5 million in the second quarter, with Core5, VanTrust, Scannell and Roebling Development breaking ground on speculative projects. Speculative developments account for 75 percent of the pipeline.<\/p>\n\n\n\n<p>In October, <a href=\"https:\/\/www.commercialsearch.com\/news\/ambrose-breaks-ground-on-1-msf-columbus-area-facility\/\">Ambrose broke ground on the second building<\/a> at its Columbus Logistics Park \u2013 West, a 169-acre logistics park in West Jefferson, Ohio, 20 miles west of downtown Columbus. At full buildout, the campus will encompass three buildings.&nbsp;<\/p>\n\n\n\n<p>Earlier this month, <a href=\"https:\/\/www.commercialsearch.com\/news\/crg-kicks-off-911-ksf-columbus-industrial-expansion\/\">CRG broke ground on two industrial facilities<\/a> totaling 911,000 square feet at The Cubes at Etna, its 305-acre master-planned industrial park in Etna, Ohio, about 20 miles east of Columbus. Both buildings are slated for completion in 2027. CRG is developing the two buildings in partnership with an affiliate of LXP Industrial Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The speculative project will rise on a former rail yard. <\/p>\n","protected":false},"author":882,"featured_media":1004818199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21782,21825,21748,13,21742],"tags":[44006,53033,36830],"class_list":["post-1004818201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-development","category-finance","category-industrial","category-midwest","category-latest","tag-jll-capital-markets","tag-oxford-properties","tag-xebec"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Xebec Lands $155M for Columbus Development - 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\/xebec-lands-155m-for-columbus-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xebec Lands $155M for Columbus Development\" \/>\n<meta property=\"og:description\" content=\"The speculative project will rise on a former rail yard.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/xebec-lands-155m-for-columbus-development\/\" \/>\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=\"2026-11-09T13:32:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-09T13:32:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/BuckeyeYards.png\" \/>\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\/png\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Xebec Lands $155M for Columbus Development\",\"datePublished\":\"2026-11-09T13:32:22+00:00\",\"dateModified\":\"2026-11-09T13:32:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/\"},\"wordCount\":428,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/BuckeyeYards.png\",\"keywords\":[\"JLL Capital Markets\",\"Oxford Properties\",\"Xebec\"],\"articleSection\":[\"Columbus\",\"Development\",\"Finance\",\"Industrial\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/xebec-lands-155m-for-columbus-development\\\/\",\"name\":\"Xebec Lands $155M for Columbus Development - 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