Quaker Distributing Signs Long-Term Lease at 800 KSF Facility
- Mar 04, 2019
Quaker Distributing, a large beverage distributor, has signed a 60-month, full-building lease at Rickenbacker West I, an 800,000-square-foot Class A facility in Columbus, Ohio. The Pizzuti Cos. recently completed construction on the industrial asset, which is subject to 15-year, 100 percent real estate tax abatement.
Located at 1901 Beggrow St., the facility is in the metro’s southeast industrial submarket, near Rickenbacker International Airport. Nearby major transportation routes include Interstate 270 and State Route 317.
Quaker Distributing is set to relocate from their current 700,000-square-foot facility in April. The company wanted to remain in the same submarket but needed a larger building that can accommodate future growth. Rickenbacker West I can be expanded to 1 million square feet. The building features precast concrete panel construction, 48 dock doors in a cross-dock configuration, 36-foot warehouse clear height, energy-efficient LED lighting and parking for 300 trailers and 218 cars.
CBRE’s Michael Mullady, Jeff Lyons, Matthew Lehman and Joseph Kimener brokered the deal. CBRE is also in charge of leasing efforts at Jacquemin Logistics Center, another Ohio asset owned by The Pizzuti Cos.
Image courtesy of CBRE