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ILPT Adds Newly Built Columbus Industrial to Portfolio
Industrial Logistics Properties Trust (ILPT) disclosed on its recent second-quarter earnings call that it acquired an industrial property in Columbus, OH for $31.5 million. The newly built 7303 Rickenbacker Pkwy. West is 100% net leased to Synnex Corporation for seven years.
A Colliers team of Steve Disse, Alex Cantu, Jeff Devine and Michael Linder brokered the sale of the 357,504-square-foot property, which is located near the Rickenbacker intermodal terminal and airport. The seller wasn’t disclosed. The acquisition includes excess land that can accommodate a future expansion of more than 100,000 square feet.
“7303 Rickenbacker Pkwy. West is a high-quality industrial property in the Columbus market area, one of the country’s premier distribution corridors due to its strong rental growth and central location, providing access to nearly 60% of both the U.S. and Canadian population within a one-day drive,” said Yael Duffy, COO of ILPT.

