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Chicago & Midwest  + Midwest  + Industrial  |  October 5, 2021
Stotan Industrial project rendering Groveport OH
Paul Bubny
By: Paul Bubny

Stotan Industrial Plans Class A Spec Project in Columbus Metro

Chicago-based Stotan Industrial and its joint venture partners LaSalle Investment Management and CA Industrial have acquired a 47.58-acre land site on Hayes Rd. in Groveport, OH, near Columbus, from Sunshine and Smooch LLC. The JV plans to build a speculative 640,640-square-foot, Class A single cross dock facility. 

“Scarcity of product with close proximity to I-275 and a 15-year, 100% tax abatement made this an attractive opportunity for the joint venture,” said Stotan founder and managing partner Jim McGill. “Columbus continues to emerge as the Midwest’s most active and deepest distribution market with unrivaled market fundamentals. We are looking forward to building our portfolio in this area.”  

The new facility will be less than one mile from Rickenbacker International Airport and offer direct access to Route 33 as well as the Interstate Highway System. CBRE’s Rick Trott, who represented Stotan on the purchase, has been retained as the leasing agent. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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