CBRE is listing 70+ acres of industrial-zoned land for sale or lease in south Columbus. Joseph Kimener, senior associate, is the listing agent for 2211 Parsons Avenue, the former home of Columbus Castings.
"Demolition on the site is already underway, and we anticipate it to be finished by the end of the year," said Jonathan Reich, co-CEO of Reich Brothers. "This location has so much potential, and once our work there is finished, it will be ready to begin a new chapter for this location that has been the heart of industry in south Columbus for more than a century."
"The former Columbus Castings facility brings on line a new industrial site, which is desperately needed in the region, in an area that needs more jobs for the people that live there," said Nate Green with the Montrose Group. "The partnership with the City of Columbus, Columbus 2020 and JobsOhio is crucial to making this project a reality".
"This is an extraordinary site with direct access to rail, interstate and state highways, with utilities in place and in close proximity to several adjacent neighborhoods that can provide an abundance of skilled workers to prospective businesses," said Quinten Harris, Deputy Director, City of Columbus Department of Development. "A 70+ acre contiguous site, within the Columbus outer-belt is increasingly rare and ideal for industrial development."
"Industrial zoned land within I-270 is extremely rare, especially a parcel with more than 70 acres," said Mr. Kimener. "This site meets the nationwide trend of the 'last mile,' where warehousing is moving closer to the city center so that it can provide faster delivery times for the customer. 2211 Parsons Avenue is an excellent last mile location ready to deliver the speed and convenience customers expect."
The Brownfield Redevelopment site is situated in an excellent location, with easy access to I-71 at State Route 104 and nearby amenities. Demolition on the site is currently underway and will be ready for redevelopment in the 4th quarter of 2018.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.