High Demand Pushes Ground Breaking for $90M Groveport Industrial Park

COLUMBUS, November 8, 2018 – The ground breaking for the $90 Million, Groveport Logistics Hub has been pushed back to early spring due to high demand. JLL’s Brian Marsh is the leasing agent at the 1.8 million-square-foot site.

Demand in the area prompted the developer, Xebec Realty, to add a sixth building to the original five-building plan. The project, located at 1322 London Groveport Rd., is expected to be complete in 2022 with the first phase wrapping in 2019. Phase I consists of three class-A warehouse buildings at approximately 530,000 square feet in total.

Q2 data from JLL shows the Columbus industrial market sitting at a low five percent vacancy rate. New product is carrying the leasing activity.

“There is significant demand for industrial space in the Columbus area,” said Marsh. “With a wide array of modern offerings, Groveport is an ideal fit for today’s industrial occupant.”

This space also takes advantage of an Opportunity Zone, making it an even more viable investment.

“With the ability to plug into one of the most robust e-commerce supply chains in the world, we believe Columbus will remain a vital location for both logistics and fulfilment by national and global retailers,” said Xebec Realty CEO Randy Kendrick.

For more information, visit http://www.us.jll.com/en/locations/midwest.