Multi-Tenant Portfolio Comprises 221,736 SF on 18.6 Acres
December 22, 2023
COLUMBUS – Transwestern Investment Group (TIG®) and Washington, D.C.-based Acento Real Estate Partners announce the sale of Northwest Corporate Plaza, a 221,736-square-foot light industrial portfolio located at 4081-4119 Leap Road in Hilliard, Ohio. The two-building asset is 88.3% leased to seven tenants representing a diverse mix of industries.
“Columbus is one of the top 10 emerging industrial markets in the U.S. and leads the Midwest for population, job and GDP growth,” said Andy Norman, Director at TIG. “The location, complemented by a robust labor pool and very strong leasing velocity produced healthy interest from the investment community.”
Located in the Columbus West submarket, where the industrial vacancy rate is below 1.5%, the buildings are directly west of I-270 and just minutes from I-70, making it one of the most desirable infill location hubs in Central Ohio. Constructed in 1974, 58% of the portfolio is office space, and the site has parking for 478 vehicles.
The Colliers team of Alex Cantu, Alex Davenport and Shane Woloshan brokered the deal.
A photo available for download here.
About Acento Real Estate Partners
Acento has developed deep experience in the acquisition, redevelopment and management of commercial assets since its inception in 2002. Headquartered in Washington, D.C., Acento is a seasoned investment management and operating company specializing in value-driven investment management strategies and property management services. Acento invests nationally across multifamily, office, industrial, and retail assets and strives to drive opportunity and successfully meet the needs of investors seeking exposure to U.S. commercial real estate, capital preservation and strong cash yield. The firm has succeeded at developing strong client relations in Latin America and the U.S., setting it apart as a strategic investment partner representing private and institutional clients from both Latin America and the U.S.
About Transwestern Investment Group
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $7 billion of real estate investments to date in 26 markets.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.