THE WEEKLY REVIEW | February 28, 2025
- Colliers | Columbus
- Feb 28
- 2 min read
Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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“An Italian manufacturing company has chosen Central Ohio for its expansion into the United States. De Angeli Prodotti, an electrical equipment manufacturer and distributor, will open a $42 million facility in London in nearby Madison County. It will be located in the former Honeywell Intelligrated plant at 475 E. High St. The project will create 231 jobs that will generate more than $12 million in annual payroll by the end of 2030. The factory will produce magnetic wires for transformers and generator windings. The products will help modernize electrical grids as energy demands rise in Ohio, the Midwest and across the country, according to the company. ‘Bringing De Angeli to the U.S. is a major milestone for our company and we are thrilled to make London our home,’ De Angeli President Luca Mora said in a press release from JobsOhio.”
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“A medical equipment distributor is moving to Central Ohio from Florida. Reliable Healthcare Solutions Inc., which also goes by RHS, plans to create 106 jobs in Groveport. After outgrowing a facility in Jacksonville, Florida, the company is moving headquarters and distribution to 5765 Green Pointe Dr. North. ‘With a strong workforce, an ideal central location and the ability to quickly scale our operations, Groveport provides the perfect environment to better serve our customers while enhancing our learning and development capabilities,’ RHS President Joseph Papworth said in a press release. ‘We look forward to embedding ourselves in the community and building a long-term future here.’”
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Mixed-Use Development - Work to Start Soon on New Albany Mixed-Use Hamlet That Will Add 195 Homes off Ohio 605
“More than two years after it was proposed, construction is set to start on a new 32.6-acre mixed-use development that will combine multiple types of housing, commercial and retail spaces, and public parkland to create a new pedestrian-oriented community in New Albany. After demolition was done in the fall, initial site preparation is expected to start this spring on The Hamlet at Sugar Run at the southwest and southeast corners of Central College Road and New Albany-Condit Road (Ohio 605). The project has a targeted opening date of 2026, according to the city of New Albany's website page about the project. The site will include 52,500 square feet of commercial space; 40 multifamily residential units, 128 townhomes and 27 detached single-family homes; and 8 acres of parkland around an enhanced Sugar Run Creek, according to city documents and the development's webpage.”
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