Dalfen America Corp (DAC) has expanded its industrial portfolio in Ohio through its recent purchase of the Donn Eisele Building located at 6600 Donn Eisele Road in Columbus, Ohio.
Acquisition of the 162,400-square-foot industrial facility, which was purchased from the retail giant Abercrombie & Fitch, takes place just a month after the company acquired a portfolio of 23 light industrial buildings located in Ohio’s three major metropolitan areas.
“The Donn Eisele Building is a strategic acquisition as it allows us to expand our footprint into the sought-after Rickenbacker submarket where buildings of this size and quality are in limited supply,” says Sean Dalfen, president and CIO of DAC. “Our ability to close fast is what allowed us to get this deal done. They needed to get this on their books by quarter end, and we were able to accommodate them by closing just seven days after the PSA was signed. This acquisition further increases our presence in one of the Midwest’s most dynamic markets.”
Built in 2000, the concrete tilt-up facility features 28-foot clear ceiling heights, 20 dock-high loading docks, two grade-level doors and 5,648 square feet of built-out office space. Tenants benefit from the property’s location in a Foreign Trade Zone, as well as immediate access to Rickenbacker Inland Port.
The Rickenbacker submarket in Columbus, Ohio is one of the leading ecommerce and logistics hubs in the United States. As one of the world’s only cargo-dedicated airports, space with immediate access to the Rickenbacker Inland Port remains in high demand.
DAC’s acquisition of the Donn Eisele Building supplements its recent purchase of an Ohio light industrial portfolio totaling 2.1 million square feet and consisting of 23 buildings located in Columbus, Cincinnati and Cleveland. The buildings in this portfolio are 94 percent leased with notable tenants such as The Home Depot, T-Mobil US Inc., Bosch Auto Parts, The Nexio Group Inc. and The Black and Decker Corporation. The portfolio also includes land for future development.
“The logistics and transportation industry in Ohio is one of the largest in the nation, with an economic output of USD5.2 billion, and our firm sees the potential for continued growth as demand for premier industrial space increases,” Dalfen says. “Columbus, Cincinnati and Cleveland have experienced some of the highest year-over-year rental growth, which is largely being fuelled by the shifting demand in ecommerce and the need for businesses to have fulfilment centres in major metropolitan areas for faster delivery to consumers.”