NAI Hiffman and NAI Ohio Equities represent FST Logistics in sale of two industrial assets
COLUMBUS, OH (June 1, 2018) – NAI Hiffman and NAI Ohio Equities are pleased to announce the sale and leaseback of two mission-critical distribution and logistics facilities in Columbus, OH totaling 356,004 square feet.
Weston, Inc. purchased the assets, located at 1727 Georgesville Road and 5400 Renner Road, from FST Logistics, who entered into a long-term leaseback on the properties and will continue to occupy 100% of the space. FST Logistics is a full-service trucking and third-party logistics company providing warehousing and transportation services to local and national food related brands from its headquarters in Columbus since 1991. “This deal offers FST Logistics the opportunity to monetize its long-term tenancy in these assets while continuing to serve its national clients’ unique and demanding logistics needs and freeing up capital to focus on its core business,” says Senior Vice President Ted Staszak.
The NAI Hiffman Industrial Capital Markets Team of Senior Vice Presidents Ted Staszak and Pat Sullivan and Vice President Ryan Chambers, and NAI Ohio Equities’ Industrial Property Team of Curt Berlin, SIOR, Blake DeCrane and Matt Osowski, SIOR represented FST Logistics in the sale.
About NAI Hiffman
Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit www.naihiffman.com.