Marking its continued growth, Art.com Inc. has expanded its U.S. distribution facility in Lockbourne. Cushman & Wakefield brokered the lease expansion and renewal for the California-based online art retailer, which has operated at 4000 Creekside Parkway for 10 years and now occupies a total of 175,000 square feet there.
Marc Ward of the commercial real estate services firm's Oakland, Calif., office represents Emeryville, Calif.-based Art.com. He orchestrated the long-term transaction in Lockbourne with Rob Myer of the company's Columbus, Ohio, office. Exeter Property Group owns 4000 Creekside Parkway and was represented by Steve Stein.
Art.com Inc. is the world's leading online destination for experiencing and buying high-quality wall art. The company has served more than 19 million customers in 150 countries, and offers an assortment of more than 3 million unique images. Its client base includes individual consumers, national retail partners, museums, hotels, interior designers and others.
"Time-to-market has always been important for Art.com, and the Columbus area continues to serve as an efficient distribution hub," Ward noted. "The opportunity to grow in place with a prominent, responsive landlord was an attractive option."
Ward, who has worked with Art.com for 11 years, also arranged the company's original, 150,000-square-foot lease in Lockbourne. Nationwide, he has been involved in 15 lease transactions for his client, totaling approximately 800,000 square feet. "The Cushman & Wakefield platform - which provides an outstanding network of regional industrial real estate experts - is invaluable in serving clients like Art.com on a national basis," he noted.
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2014 globally, this group completed more than 8,200 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 337 million square feet with an aggregate value in excess of $16.8 billion.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.