Exeter Property Group, a Plymouth Meeting, PA-based real estate investment management firm, has picked up an industrial warehouse in Groveport, OH for $21 million, according to public records. Terms of the deal were not disclosed, but it is known that CBRE Group agents Rick Trott and Michael Mullady led the regional marketing efforts on behalf of the seller, Opus Group.
The Opus Group leased the last of the space this past march to SK Food Group, which occupies 180,000 square feet at the Rickenbacker 7 property within the Opus Business Center in Groveport, according to a Columbus Business First article. Located between Alum Creek Road and Swisher Road, the 496,156-square-foot property at 3301-3361 Toy Road also serves as a distribution facility for Union Supply Group. Building features include a clear height of 36 feet, column spacing of 48 by 50 feet and an ESFR sprinkler system.
Opus has worked the Columbus industrial market since 1994 when it built a 509,000-square-foot, build-to-suit distribution center for appliance maker Whirlpool. It started its first speculative building near Rickenbacker in 1997. It has since built seven distribution centers beyond the former Whirlpool facility with a combined 3.6 million square feet.
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