DALLAS--(BUSINESS WIRE)--Hillwood, a Perot company, has announced the acquisition of Rickenbacker 717, a Class A distribution center totaling 717,717 square feet in Columbus (Groveport), Ohio, one of the most prominent distribution corridors in the country.
Located on 35 acres at 3099 Rohr Road, Rickenbacker 717 is in close proximity to Rickenbacker International Airport, Port Columbus International Airport and the Norfolk Southern intermodal yard. The location also provides excellent access to the I-270 interchange, I-70 and I-71.
“We are excited to have another building in the Southeast Columbus industrial submarket. We can provide multiple options for companies looking for 250,000 to 725,000 square feet of Class A distribution space,” said Don Schoenheider, senior vice president and Midwest market leader. “Groveport provides excellent incentives for new businesses such as the 100 percent tax abatement available to any future customer at Rickenbacker 717.”
This recently completed building offers all amenities necessary to accommodate today’s distribution needs including 32’ clear height, cross-dock configuration, abundant loading (70 dock doors expandable to 139), ESFR Fire Protection, 135’ truck court depths, 50’ by 60’ column spacing, ample auto parking that is expandable and 69 trailer stalls with land available for an additional 86 stalls.
“Hillwood is a strong believer in the Columbus industrial market due to its centralized location, superior transportation infrastructure and pro-business environment,” said Tom Fishman, executive vice president, acquisitions and dispositions. “This acquisition is consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets.”
Hillwood, a Perot company, is an entrepreneurial real estate developer, investor and advisor of industrial properties focused on customer solutions, innovative investment opportunities and creating value and lasting contributions for its stakeholders. Serving 24 markets in North America and Europe, Hillwood is actively involved in development, acquisitions, construction, leasing, property management and fund/asset management of high-quality, well-located, flexible and functional industrial properties. Moreover, the company is also a capital provider to other development companies through a partnership and other venture arrangements. For additional information, visit www.hillwood.com.