THE WEEKLY REVIEW | March 31, 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.
Certain news links may require site registration or subscription to access the complete article.
“A massive industrial building at Rickenbacker Global Logistics Park has been acquired for nearly $52 million. Transwestern Investment Group, a Houston-based real estate investment firm, bought the 582,400-square-foot facility at 1417 Rail Southern Court. Transwestern said in a news release that it purchased the property on behalf of a ‘separately managed account,’ but did not elaborate who owns the account. The investment services team at Colliers Midwest brokered the deal. The property is fully leased to DHL, a multinational logistics company. DHL signed a lease for the building in the third quarter of 2021, according to previous reporting by Columbus Business First”.
CoverMyMeds is cutting 815 jobs nationwide, converting 1,100 employees to full-time remote work and is planning to sublease portions of its Columbus campus, according to an all-staff email from parent McKesson Corp. The geographic breakdown of layoffs was not included in the email from Kevin Kettler, president of McKesson's Prescription Technology Solutions, which was shared anonymously from multiple sources with Columbus Business First. McKesson has not yet filed a layoff warning notice with the Ohio Department of Job and Family Services. Departures will take place over the coming two weeks, the email said.
With Intel coming and Honda expanding, with more than 700,000 additional residents over the next quarter-century, Greater Columbus' transportation system will see strains and demands like never before. Is the region ready? ‘We’ve got to be more coordinated, more collaborative, more ambitious than at any point in Columbus history,’ said Kenny McDonald, president and CEO of the Columbus Partnership, the regional civic and business organization made up of more than 80 area CEOs”.