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W. P. Carey Buys 1.2M-SF Columbus Distribution Facility
Colliers has closed the sale of Rickenbacker Exchange Building 2, a HanesBrands warehouse in the Columbus logistics market, to New York-based W. P. Carey for $94 million.
The 1,194,865-square-foot, class A speculative building is one of the largest industrial developments in Central Ohio and was fully leased to HanesBrands prior to its completion in 2022. Located at 521 Exchange Way in Commercial Point, the building is the second completion by Van Trust within the 875-acre master-planned Rickenbacker Exchange at Commercial Point Industrial Park. The state-of-the-art building features a 40-foot clear height, four drive-in doors, 120 existing docks, and 728 parking spaces.
The Colliers Midwest Investment Services Team led by Alex Cantu and Alex Davenport facilitated the transaction between Van Trust, the seller, and W. P. Carey. The team oversees the sales and funding of industrial projects throughout Illinois, Indiana, Ohio, Kansas, Kentucky, Michigan and Missouri.
“We’re thrilled to acquire this high-quality, fungible asset as it aligns with our investment criteria and will make a great addition to our growing portfolio of real estate,” said Tyler Swann, managing director, Investments, W. P. Carey.
