(To read more on the industrial market, click here.)
COLUMBUS, OH-HSA Commercial Real Estate has purchased a263,973-sf industrial building at 2200 Fairwood Ave. for anundisclosed amount from New York City-based Aintsar Realty Corp.The warehouse building is currently 100% occupied by AmericanSignature, which uses the facility as a distribution center tosupply merchandise to more than 20 home furnishing stores.
The building was constructed in 1969, and sits on 15 acres. Theformer tenant, Yokahama Tire Co., had occupied the building fromits opening until 2002, according to an HSA statement. Officials atthe company did not return calls for comment about the sale orlease rate. The average lease rate in the area is $2.62 per sf,according to a fourth-quarter Grubb & Ellis report.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
