Lewis Center, Ohio
850 Corduroy Rd
The Opportunity: Reinforced by robust market data, remarkable absorption rates and in conjunction with direct feedback from the industrial market tenant base, the Columbus MSA suffers from a deep under-supply of well-located newer constructed, flex industrial facilities.
The Results: Based on a long-standing, respected relationship, the owners of a 16-acre shovel-ready site located in southern Delaware County planned industrial park contributed their land to a Joint Venture industrial development led and constructed by Tenby Partners. Groundbreaking on the two (2) identical, 100k square foot multi-tenanted, speculative Class-A flex warehouses began in the summer of 2020.
Building #1 (850 Corduroy Road) quickly stabilized at 100% occupancy with an exceptional mix of four (4) publicly traded and strong private credit tenants with laddered lease maturities. Reflecting the building’s thoughtfully flexible design, tenant uses range from nuclear-grade healthcare lab processing, to corporate headquarters, production and value-add distribution.