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Hines Global Income Trust Acquires Columbus Logistics Center
Hines Global Income Trust, Inc. (HGIT) has acquired the I-70 Logistics Center located at 9157 Mink Street SW in Columbus, Ohio, a distribution center that is 100% leased to a third-party logistics provider. With a diversified portfolio of global assets, this acquisition strengthens HGIT’s robust logistics sector allocation and expands its presence in the Midwest.
Ed Halaburt and Ross Bratcher of JLL Capital Markets represented the seller in the transaction. The Class A, 700,000-square-foot logistics center, completed this year, is strategically located with easy access to two of the largest U.S. rail providers, and is poised to benefit from the recently announced Intel chip manufacturing facility to be built near Columbus.
“I-70 Logistics Center’s strategic location in a strong submarket, supported by access to major highway arterials and a deep labor pool, makes it an attractive investment for HGIT,” said Alfonso Munk, Hines’ CIO of the Americas and president of HGIT.
