Affiliate of Hackman Capital Partners Sells 164,450-Square-Foot Building in Columbus, OH

06/22/2017
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COLUMBUS, OH (June 1, 2017)—Hackman Capital Partners LLC announced today the recent sale of 555 Yearling Road to Oklahoma-based WCOL, LLC. The free-standing, 164,450-square-foot building, sold by a Hackman Capital affiliate, is situated across the street from The Columbus International Air Center Complex and just south of the Port Columbus International Airport.  The building is 100% occupied by Ryerson, one of the largest metal distributors in the industry. Ryerson will remain at the property.

"This is a uniquely robust, crane-served industrial building. We're thrilled the investment was a strategic fit for WCOL," said Managing Director David Smith, who oversees Hackman Capital's regional office in Columbus.

NAI Ohio Equities' Dan Sheeran, Mike Semon, Dan Sheeran, Jr. and John Mally represented the buyer and the NAI Ohio Equities' Industrial Property Team of Curt Berlin, Matt Osowski, and Blake DeCrane represented the seller.

More about Hackman Capital Partners

Hackman Capital Partners is a privately-held, real-estate investment and operating company that focuses on industrial and commercial properties in major U.S. markets. Founded in 1986, Hackman Capital has conducted more than $3 billion in real estate transactions across 41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million square feet and 24,000 acres of developable land.

 

The company is based in Los Angeles, California with offices in Columbus, Ohio, Chicago, Illinois and Boston, Massachusetts. Its regional office in Columbus, Ohio oversees acquisitions and dispositions, construction and redevelopment, leasing and marketing, and asset and property management of real estate primarily in the Midwest and Mid Atlantic states. Recently, the Columbus team executed the successful sale of 67 buildings in Ohio, totaling 5.03-million square feet, across 240 tenant spaces. Currently, the team manages 35 buildings, totaling 4.9-million square feet, in Columbus, metro Chicago, Kalamazoo and Livonia, Michigan, Beech Bottom, West Virginia, Richmond, Virginia and El Paso, Texas.

 

Actively seeking to expand its Midwest foothold, the Columbus team is targeting industrial, commercial and infill properties that can be repositioned for higher and better uses, including creative office conversions.

 

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