TradeLane Properties Acquires 1M Square Foot Logistics Facility In Groveport, OH
West Chester, OH – TradeLane Properties, a privately held industrial real estate company, announces the acquisition of 6600 Port Road, a 1,020,185 square foot cross loaded distribution facility, in Groveport, OH. This freestanding building, located in the heart of the Rickenbacker sub-market, is situated on 56.81 acres with 91 dock doors (expandable), 32’ clear height, four drive-in-doors, 4,200 amps of power, 396 auto stalls, and 143 trailer stalls (expandable to 300).
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment was 100% leased upon acquisition on a short-term basis. As part of its investment strategy, TradeLane Properties will redevelop the facility to include roof replacement, significant asphalt and concrete improvements, interior and exterior building paint, and expanded trailer parking.
The acquisition of TLP 6600 Port Road is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Michael Caprile with CBRE National Partners, Rick Trott with CBRE, and Greenberg Traurig LLP for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping, and operating industrial real estate facilities focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.