(To read more on the industrial market, click here.)

COLUMBUS, OH-HSA Commercial Real Estate has purchased a 263,973-sf industrial building at 2200 Fairwood Ave. for an undisclosed amount from New York City-based Aintsar Realty Corp. The warehouse building is currently 100% occupied by American Signature, which uses the facility as a distribution center to supply merchandise to more than 20 home furnishing stores.

The building was constructed in 1969, and sits on 15 acres. The former tenant, Yokahama Tire Co., had occupied the building from its opening until 2002, according to an HSA statement. Officials at the company did not return calls for comment about the sale or lease rate. The average lease rate in the area is $2.62 per sf, according to a fourth-quarter Grubb & Ellis report.

Daniel F. Miranda, president, and Eric Ogden, senior vice president, led the team that identified and negotiated the acquisition of this property. Michael Linder and Shane Woloshan with Grubb & Ellis/Adena Realty Advisors represented both HSA and the seller. With this acquisition, HSA now owns almost 2.6 million sf in Ohio.

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