Columbus Industrial Team

In this month's 'Candid yet Credible' series, Kyle Ghiloni shared his insights on how flex/small bay product is evolving to suit the current market. Check back at the end of August for the next edition!

Great working with you guys as always!

This week, we had a chance to catch up with Matt McGregor, MS SCM, SIOR, Vice Chair in Seattle about what's on the forefront of his mind and what he is most focused on within the Colliers Logistics and Transportation Practice Group.   Thank you Matt McGregor for your insight on the L&T Practice Group and your openness to sharing these thoughts with our network. For more brokerage and Logistics & Transportation news and updates, make sure to follow Matt to stay up to date!   Check back on Wednesday next week to hear from our final broker of the July "Think Like A… Broker" series. 

Lease Signed! Congratulations to J. Boren & Sons Trucking on signing their new space at 1700 Georgesville Road. Are you a tenant needing representation? Contact Kyle Ghiloni today! Kyle Ghiloni - First Vice President kyle.ghiloni@colliers.com 614 633 8273

Market Insight Monday!   This month we decided to check out the average tenant in the market data from the last 12-months and compare the statistics to the June 2024 data. These numbers show consistency with the narrative that industrial tenant demand is down across the board, although the bulk classification has seen the lowest percentage of change.   Check back next month for more market insights! 

Lease Signed! 🌟 We are pleased to highlight this partially leased industrial space at 161 Kenmore Blvd in Commercial Point, Ohio. This space still has 137,177 ± SF remaining available. This property is for lease or sale on 15.26 ± acres of land with a build-to-suit office. This building features 9 dock doors, 1 drive-in doors,1,600 AMPs of 3-phase 480/277 power, Highbay LED lighting, and an ESFR sprinkler system. For more details, contact Jonathan Schuen for more information or visit: https://lnkd.in/gPRxCUZY #IndustrialRealEstate #CommercialRealEstate #WarehouseListing #OhioRealEstate

Building on Success: Pioneer Development Renews Partnership with JobsOhio! We're excited to announce the continuation of our already successful partnership with JobsOhio on Grove City Innovation Center! Together, we're committed to fostering economic growth and development throughout Ohio. This ongoing collaboration allows us to leverage JobsOhio's expertise and resources to bring innovative industrial projects to life. It's a partnership that benefits not only Pioneer Development, but also the communities we serve, by creating jobs and attracting new businesses. We're proud of the progress we've made together, and we look forward to continuing to build a strong industrial landscape across the state. A special thanks to Fed One Construction, City of Grove City, LCNB National Bank, and Jonathan Schuen with Columbus Industrial Team for making this project a reality! Pioneer Development is actively pursuing flex industrial projects. If you'd like more information on future offerings, please contact hello@pioneerdev.com. #ColumbusOhio #GroveCity #BusinessGrowth #IndustrialRealEstate #PioneerDevelopment #RealEstate #Industrial #ColumbusRealEstate #ColumbusIndustrial #FlexIndustrial

Tenby Partners is thrilled to announce that ServeOne America, Inc. has joined our flex industrial building in Commercial Point, Ohio! With a focus on packaging solutions, material handling, and strategic purchasing consulting, the South Korean-based company will occupy 60,000 SF of the newly constructed 190,000 SF Class-A building. With no shortage of Fortune 100 enterprises moving to the immediate area – including LG/Honda and Intel Corporation – we are excited to see this global company make its mark on our community! Jonathan Schuen | Columbus Industrial Team | Tenby Construction | www.Tenby.com

This week, we had a chance to speak with Rick Kingery, Senior Vice President of Enterprise Clients and U.S. Leader of Food & Beverage Practice Group about what's on the forefront of his mind and what he is most focused on within the Food & Beverage Practice Group.   We are so grateful for the insight he gave us and are happy to share this information with all of you! Thank you Rick Kingery for your willingness to participate and for the knowledge you shared. For more brokerage and Food and Beverage news and updates, make sure to follow Rick and Colliers Industrial | U.S. to stay up to date!   Check back on Wednesday next week to hear from another broker we have the pleasure of working with.

The Columbus industrial market returned to a positive absorption after experiencing its first negative absorption last quarter since Q4 2019. Build-to-suits are now the leading supplier of positive absorption and we continue see debt and capital markets negatively impacting speculative construction. Click here to read the full report: https://lnkd.in/g87gxKWH Michael Linder Shane Woloshan Joel Yakovac Jonathan Schuen Kyle Ghiloni Molly Crosby Sydney Sleeper Nolan Babb Maureen Connelly