COLUMBUS, Ohio – Hillwood has purchased three buildings totaling more than 750,000 square feet in Columbus, Ohio from ODW Logistics, a leading provider of logistics and transportation services. ODW Logistics will lease the facilities from Hillwood.
The buildings are located on Williams Road, northeast of the Interstate 71/Interstate 270 interchange and near the Norfolk Southern and CSX rail lines.
“Hillwood is a recognized leader in the real estate industry,” said John Ness, president of ODW Logistics, Inc. “With real estate interest in multiple markets and significant resources, we feel this partnership will strategically benefit our customers and position us well for future growth.”
ODW built and continues to operate these facilities as part of an 83 acre campus totaling 1.5 million square feet. ODW employs more than 400 associates in Columbus and is positioned as a market leader for 3PL services in Columbus, as well as Chicago, Milwaukee and Los Angeles.
“This deal not only allows Hillwood to further develop its relationship with a highly valued customer in ODW Logistics, but it provides the company an entry into a region of the country that we have targeted for some time,” said Chad Cook, vice president of Hillwood Investment Properties. “Although no other deals are imminent, Hillwood will continue to seek new opportunities in Columbus.”
In December 2007 ODW Logistics leased 339,980 square feet in Hillwood’s AllianceCalifornia development in San Bernardino.
ODW Logistics was represented by Al Leon and Trip Leon of Leon Brothers. Hillwood was represented in-house by Chad Cook.
ODW Logistics, Inc. (www.odwlogistics.com) is a multi-regional third-party logistics provider with a primary campus in Columbus, Ohio and several distribution points located throughout the country in Indianapolis, Chicago, Milwaukee and Los Angeles. With more than 700 employees and over three million square feet of warehouse space, ODW provides unparalleled distribution, fulfillment, import logistics, yard management, and automotive support services. ODW is an asset-based provider offering highly responsive, personal service to a variety of customers ranging from international Fortune 500 companies to locally owned and managed companies. ODW serves the unique needs of diverse industries including retail, electronics, medical devices, food and apparel.
Hillwood, (www.hillwood.com) a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company’s developments currently house facilities for more than 85 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms. Hillwood is best known for its development of the 17,000-acre AllianceTexas project, located 15 miles northwest of DFW Airport; the $420-million American Airlines Center and Victory district near downtown Dallas; and the 2,000-acre AllianceCalifornia development near Los Angeles.
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