FST Logistics Sells 2 Ohio Assets

The distribution and logistics facilities total more than 350,000 square feet. NAI Hiffman and NAI Ohio Equities represented the owner in the transaction.
5400 Renner Road, Columbus, Ohio
5400 Renner Road, Columbus, Ohio

NAI Hiffman and NAI Ohio Equities have represented FST Logistics in the sale of two distribution and logistics facilities in Columbus, Ohio. The assets total 356,004 square feet and are located within less than 10 miles of each other. Weston Inc. bought the properties, which will be leased back to FST Logistics. The purchase price, according to public records, was a combined $13.7 million.

This deal offers FST Logistics the opportunity to monetize its long-term tenancy in these assets while continuing to serve its national clients’ unique and demanding logistics needs,” said NAI Hiffman Senior Vice President Ted Staszak, in a prepared statement.

One of the properties is located at 5400 Renner Road, close to Interstate 70, while the other one is situated approximately 8 miles away, at 1727 Georgesville Road. Both of them are fully occupied by FST Logistics and are approximately 15 miles from John Glenn Columbus International Airport. 

The team of brokers conducting the transaction was made up of NAI Hiffman’s Senior Vice Presidents Staszak and Pat Sullivan, together with Vice President Ryan Chambers. From NAI Ohio Equities were commercial real estate agents Curt Berlin, Blake DeCrane and Matt Osowski.

Image courtesy of NAI Hiffman