A joint venture between Covington Group and Castlelake has sold a fully leased, single-tenant 583,000-square-foot, mission-critical distribution center at 8355 Highfield Drive within the Lewis Center in Columbus, Ohio.
Equity Industrial Partners purchased the asset, but a sales price was not disclosed.
The property is fully leased on a long-term basis to a large, multinational manufacturer of heavy-duty trucks, buses and construction equipment. The building serves as its slow-moving parts division and is critical to the distribution efforts, making the location within the major logistics hub of Columbus ideal. The building was constructed in 1988 and features a 24-foot clear height, 32 dock-high doors, four drive-in doors, LED lighting and low office finish.
The distribution center is housed on nearly 31 acres located 17 miles north of downtown Columbus and is situated on the eastern side of Highway 23, allowing the tenant immediate access to an interconnected h
