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News release

COLUMBUS, OH

NorthPoint Development Breaks Ground on Million-Square-Foot Warehouse in Columbus

Developer appoints JLL to lead property marketing in growing industrial market


COLUMBUS, Ohio, August 10, 2015 – NorthPoint Development, announced today that it broke ground on a one million-square-foot warehouse in Columbus. The development firm partnered with JLL’s Columbus office to lead property marketing. 

Located on a 106-acre property near the Rickenbacker airport and Norfolk Southern intermodal, the cross-dock warehouse will have a 15 year, 100% real estate tax abatement, a clear height of 36’, and ample room for car and trailer parking. The developer also noted ability to build a second, roughly 500,000-square-foot building on the same property.

Considered one of the hottest industrial markets, NorthPoint selected Columbus for its pro-business climate, low cost of doing business, diverse tenant base and overall strong industrial market. Many users in the e-commerce industry, food and beverage, retail as well as the 3PL industry have already inquired on the property as Columbus continues to grow as an ideal North American distribution location.

JLL Executive Vice President, Dan Wendorf, will represent the developer.

“The Columbus market has strong tenant activity right now and a warehouse of this size will be attractive to various industry types that are looking for scale in the Midwest,” he said. “The timing of completion later this year will accommodate those looking to grow their U.S. supply chain with a modern warehouse.”

“We’re excited to expand our business to Columbus,” said Robert Gude, Vice President of Development at NorthPoint. “It’s an industrial market we believe in. We feel confident in the direction this market is headed.”

For more in Columbus’ growing industrial market, download JLL’s report, Columbus Ohio: The Nation’s Industrial Hot Spot.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.