PCCP Lends to Stonemont for 1.1M-SF Columbus Industrial Buy
PCCP, LLC provided a senior loan to Stonemont Financial Group for the acquisition of West Jeff One, a newly constructed, 1.1-million-square-foot, Class A industrial warehouse facility. Financial terms weren’t disclosed. The asset is located along Route 40 and just south of I-70 in the West Jefferson submarket of Columbus, OH.
“We are extremely excited to grow the relationship with Stonemont on this strategic acquisition of a well-conceived, well-located bulk warehouse,” said Ryan Dodge, managing director with PCCP. “In PCCP’s view, this Class A industrial asset is located in one of the strongest industrial pockets of Columbus and there is a significant amount of leasing interest from large users in the West Jefferson submarket which is currently extremely tight on industrial vacancy.”
The West Jefferson submarket has emerged as a key distribution hub within the Columbus MSA and has attracted users such as Amazon, Target, Ace Hardware, and Home Depot.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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