Founders Properties acquired 2300 McGaw Road in Columbus, Ohio bringing the firm’s total managed industrial real estate holdings in the Columbus market to five buildings with 2.1 million square feet.

The McGaw warehouse is approximately 212,000 square feet and sits on a 14.7-acre site, which includes 3.5 acres of excess land with expansion and storage opportunities. The property is located along McGaw Road in Columbus, Ohio along Interstate 270. The McGaw investment represents a unique opportunity to purchase a warehouse industrial asset in a highly-desirable and strategic Midwest location with nearly 60% of North America population within a 500-mile radius. The cargo-dedicated Rickenbacker International Airport is four miles away with U.S. Customs onsite.

“Founders Properties is excited about the potential for this acquisition, the building’s size and expansion capabilities provide great options for either a single or multi-tenant facility,” said Chris Courneya, Senior Vice President of Investments and Acquisitions at Founders Properties. ”The Columbus industrial market continues to exhibit solid fundamentals.”

About Founders Properties

Founders Properties is a privately held real estate investment management company based in Minneapolis, MN. The firm has been investing in private commercial real estate for 25 years on behalf of high net worth and institutional investors. Founders currently manages $1 billion in real estate assets with a focus on industrial properties.