Press Release | 10/12/2015

Hillwood Investment Properties Acquires Newly Delivered Columbus Industrial Property

Hillwood Investment Properties Acquires Newly Delivered Columbus Industrial Property


DALLAS– Hillwood Investment Properties, a Perot company, acquired Rickenbacker 8, a new 484,216 SF Class A industrial warehouse located in the Southeast submarket of Columbus, Ohio.


This Class A, cross dock facility was completed in late 2014 and offers Class A amenities such as 32’ clear height, 135’-185’ truck courts, trailer storage, ample car parking, ESFR sprinklers, and a 15 year 100% tax abatement. This is U.S. Industrial Fund II’s first acquisition in the Columbus industrial market.

“This acquisition is consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets,” said Tom Fishman, Executive Vice President, Hillwood Investment Properties.

The project is in close proximity to the Rickenbacker International Airport, the Port Columbus International Airport, and the Northfolk Southern intermodal yard. The location also provides excellent access to the Alum Creek Drive & I-270 interchange, I-70, and I-71.

Hillwood’s JLL leasing team in Columbus, Ohio, includes Dan Wendorf, Steve Kuhr, and Adam Bornhorst.

“Central Ohio’s strong growth creates an ideal area for distributors to expand their operations. We look forward to partnering with dynamic and growing companies to help them better serve customers throughout North America,” said Don Schoenheider, Senior Vice President and Midwest Market Leader.

 

About Hillwood

Hillwood Investment Properties, a Perot company, is one of the world’s premier commercial real estate developers, investors and advisors of high-quality real estate properties that provide a significant economic impact to their region. Serving 20 markets in the U.S., Canada, Germany and Poland, the company is actively involved in development, acquisitions, construction, leasing and management of high quality, well located, flexible and functional industrial properties. For additional information, please visit www.hillwoodinvestmentproperties.com or www.hillwood.com.

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