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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“Two years after Intel Corp. broke ground at its New Albany semiconductor manufacturing campus, construction has finally risen above ground. The California chipmaker uploaded new photos and aerial video of the $28 billion Ohio One project on Thursday, announcing construction had hit the milestone of "going vertical." "We're seeing so much activity," New Albany Community Development Director Jen Chrysler recently told Columbus Business First for an update on several ongoing projects. "We're really excited about the progress we're making there and the partnership we have with Intel."”
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“A Denver-based data center developer has entered the Central Ohio market with its first project in New Albany. Vantage Data Centers began construction Friday on its OH1 campus, a more than $2 billion investment that will include three hyperscale data centers at Silicon Heartland Innovation Park. Located on 70 acres off Horizon Court, the data center campus will measure more than 1.5 million square feet. The first building is slated to open in late 2025, with additional phases planned through 2028. The data centers will be built using Vantage’s “sustainable by design” blueprint, which is part of the company's commitment to achieving net zero operational carbon emissions by 2030 across its global portfolio."
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“A large portfolio of industrial buildings near Rickenbacker International Airport has changed hands. EQT Exeter LLC, a Radnor, Pennsylvania-based real estate investment manager, acquired four properties in Lockbourne. JLL represented the sellers, Xebec and Heitman, in the transaction. Terms of the deal were not disclosed, and the transfer has not been documented by the Franklin County Auditor as of publication. Collectively known as The Hub at London Groveport, the buildings total 1.6 million square feet and are 91% leased. The sale also includes a 6.68-acre trailer parking lot in Columbus. The bulk of the portfolio is a 1.06-million-square-foot facility at 6201 Collings Dr., which is occupied by Amazon and its delivery service partner, Leading Logistics LLC. The other properties include a 231,660-square-foot rear-load building at 1260 London Groveport Road, a 163,520-square-foot Amazon warehouse at 6322 Collings Dr. and a 136,315-square-foot rear-load building at 1302 London Groveport Road.”
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