Westmount Realty Capital sells FedEx-leased supply chain building in Ohio

Westmount Realty Capital has sold a 289,491-square-foot supply chain building, located inside the Rickenbacker Global Logistics Industrial Park in Columbus, Ohio, for an undisclosed amount.

Westmount acquired the logistics property in late 2018 as part of a 1.43 million square-foot Midwest industrial portfolio, which included 12 buildings in Chicago, Cincinnati and Columbus, according to the company. The building was built in 1994 on 14.32 acres and has 46 loading docks, including five drive-in doors with clear heights ranging from 24 to 28 feet.

The building is used for third-party logistics distribution and is next to Rickenbacker International Airport, one of the only cargo-dedicated airports in the world.

“Location is everything when it comes to logistics,” said Brant Brown, COO and CFO at Westmount. “The fast-growing Columbus region headquarters 14 of Fortune’s top 1,000 companies, so the economy will remain strong. It’s centrally located between