COLUMBUS, OH—Quaker Distributing has signed a 60-month lease at an 800,000 square-foot class A distribution facility at 1901 Beggrow Street near Rickenbacker International Airport in Columbus, OH. The Pizzuti Companies, a privately owned local real estate services company and developer, recently completed construction of the property.
A CBRE team of Michael Mullady, Jeff Lyons, Matthew Lehman and Joseph Kimener brokered the deal.
“We are pleased that we could assist Quaker in maintaining their presence in the Columbus industrial market – a key distribution point in their supply chain,” says Lyons, a CBRE senior vice president. “This expansion demonstrates the continuing importance of the Columbus market as a strategic distribution hub for the multiple Fortune 100 Companies that have chosen this market; they see the growth potential of Columbus having available space and available labor to support current and future operations.”
On April 1, Quaker Distributing is scheduled to relocate from its current 700,000-square-foot distribution facility into Rickenbacker West I. This move will put them in a new building that optimizes operational efficiency while keeping them within the same Columbus Southeast Industrial Submarket.
Quaker needed to be in a larger, modern building with Class A amenities that can accommodate future growth. Rickenbacker West I is now completing the tenant’s fit-out within the state-of-the-art distribution center.
The building features precast concrete panel construction, 48 dock doors in a cross-dock configuration, 36-foot warehouse clear height, energy efficient LED lighting, parking for 300 trailers and 218 cars. This building can be expanded to one million square feet to accommodate future growth and has a 15-year, 100 percent real estate tax abatement.