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Columbus Lease Fills Plymouth REIT’s Largest Vacancy
Boston-based Plymouth Industrial REIT filled its largest vacancy with the signing of a new lease for 257,962 square feet with Spartan Logistics at 3100 Creekside Pkwy. in Columbus, OH. The new three-year lease, which commenced this week, brings the 340,000-square-foot property to 76% leased.
“One of our top leasing priorities for 2019 was to find the right tenant for our Creekside property,” said Jim Connolly, SVP of asset management at Plymouth. “As the largest vacancy in the portfolio, we had no shortage of demand for this opportunity from full to partial space users. We believe we struck the right balance in our agreement with Spartan Logistics.”
The tenant is a full service third-party logistics company providing transportation solutions throughout the United States and Canada. Spartan is expected to use the facility for warehouse and distribution of personal care supplies, and to take physical occupancy of the property in September.
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- ◦Lease
