Cincinnati’s Neyer Properties has purchased two Columbus properties totaling 400,000 square feet of available industrial space, representing its second and third purchases in the Columbus market in the past six months.
The real estate buys include a property at 4370 Alum Creek, a 230,000-square-foot property that’s less than 10 miles from downtown Columbus near I-270, and 3900 Gantz Road, a 1750,000-square-foot building on 15 acres within an industrial park close to I-71.
“Our acquisition focus has been finding the value-add opportunities, meaning the assets have little to no occupancy but are well-located and in need of some TLC,” said Neyer Properties Acquisitions Manager Jessica Odenweller. “These assets are located in prime industrial markets with great access to every major highway that connects Columbus to its sister cities and that’s a tremendous benefit for end-users.”
In August 2018, Neyer purchased 27.24 acres of vacant land at I-270 and I-70, which could provide up to 400,000 square feet of highly visible industrial space. The company also owns Airport IV, an office building at 2780 Airport Drive.
