THE WEEKLY REVIEW | August 18, 2023
Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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“Amazon has ended a mostly secret deal with American Electric Power that gave the company a break on its electric bill as it was filling out its data center operations in central Ohio.”
“Amazon said in a filing with state regulators that the discount is no longer necessary since the data center campuses in New Albany, Hilliard and Dublin are complete, and that it will now pay the same rate as other big users of electricity. The change went into effect June 1. ‘With the three data center campuses fully built-out and operational, (Amazon) no longer requires economic development arrangement to incentivize continued investments in the now constructed data center campuses,’ the company said in the filing with the Public Utilities Commission of Ohio.”
“The new Buc-ee’s coming to Huber Heights will be one of the largest Buc-ee’s in the nation when it opens. Ohio’s first store for the chain will have 74,000 square feet of retail space, according to plans submitted to the city. That’s the same size as a Buc-ee’s in Tennessee that, for now, holds the world record for the world’s largest convenience store. But both those stores will be eclipsed by a new Buc-ee’s of more than 75,000 square feet that is under construction in Luling, Texas.”
“The Westerville-based logistics provider, a division of Germany's DHL Group, recently began construction of a 755,000-square-foot distribution center at 8695 Basil Western Road NW in the village of Carroll, which is located in Violet Township in northwestern Fairfield County.”
“The new facility will bring DHL's total Ohio footprint to more than 15 million square feet, according to the company. In North America, DHL has more than 161 million square feet. ‘DHL Supply Chain is excited to expand its footprint in Ohio by building a best-in-class facility that can satisfy the needs of our customers,’ Carl DeLuca, head of DHL real estate solutions for the Americas, said in a press release.”