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Transactions - MAY 19, 2022

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Lincoln Property Co. JV acquires 190-acre data center, industrial campus in Ohio

by Released

A joint venture between Lincoln Property Co. (LPC) and Harrison Street has acquired a 190-acre land site in New Albany, Ohio, to construct a multi-use technology and distribution park designed for data center and industrial users and operators.

New Albany, a suburb of Columbus, Ohio, has experienced a rapid inflow of advanced manufacturing, hyperscalers and ecommerce businesses following Intel’s recently announced $20 billion, 1,000-acre chip campus, which is located directly adjacent to the site, known as Silicon Heartland Innovation Park. LPC has secured a 15-year, 100 percent real estate tax abatement, with general employment zoning to accommodate a wide range of uses and industries including technology, life sciences, advanced manufacturing and ecommerce.

Silicon Heartland Innovation Park will provide access to recently expanded road syst

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