Westmount Realty Divests FedEx-Leased Columbus Warehouse

Westmount Realty Capital, LLC announced the sale of a 289,491-square-foot supply chain building inside the Rickenbacker Global Logistics Industrial Park in Columbus, OH. FedEx Supply Chain, Inc. has fully occupied the cross-dock building since September 2019.

“Demand for prime industrial space is thriving, and Columbus is a developing logistics epicenter with a strong industrial market,” said Cliff Booth, CEO of Westmount. “We were able to actively manage the asset, growing occupancy from 60% to 100% with stable cash flow.”

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

 

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