THE WEEKLY REVIEW | May 9, 2025

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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1

Industrial - New Albany Tech Park Warehouse Near Intel Acquired for $136M

“A New Albany industrial facility occupied by a Danish transportation and logistics company has been acquired for $136 million. ET New Albany LLC bought the 1.2 million-square-foot warehouse, which is located at the corner of Briscoe Parkway and Harrison Road Northwest. The limited liability company is tied to ElmTree Funds, a St. Louis-based private equity firm that manages capital on behalf of institutional and private investors.”

2

Industrial - PepsiCo to Add New Warehouse in Central Ohio

“PepsiCo Foods U.S. is adding a new warehouse in Central Ohio. PepsiCo’s snack and convenient foods business in the U.S. – which includes brands such as Lay’s, Doritos and Cheetos – is building a new 16,600-square-foot facility at 156 E. Circle Lane in Circleville, a PepsiCo spokesperson confirmed via email. It will include approximately 1,200 square feet of office and administrative space.”

3

Development - Columbus-Based Developer Plans Mixed-Use Project in Pickaway County

“A local developer wants to bring a mixed-use project to Pickaway County. Highland Real Estate proposed the development off Lancaster Pike in Circleville. The project would have both a neighborhood and general business district, in addition to duplex and single-family homes, according to preliminary development plans shared with Columbus Business First. The 55-acre site, which is between Circleville High School and Ohio Christian University, would be split into: 12 acres for the neighborhood business district, 6 acres for the general business district, 16 acres for 92 duplex units, and 19 acres for 78 single-family homes.”