CRG Breaks Ground on 250,000-Square-Foot Distribution Center in Etna, Ohio
Speculative facility is the latest building at The Cubes at Etna 70 industrial park
(Columbus, OH) August 15, 2023 – CRG, the national real estate development and investment firm, and an affiliate of its capital partner LXP Industrial Trust (“LXP”), today announced the start of construction on a speculative 250,020-square-foot distribution center, known as Building D, at The Cubes at Etna 70 – a 305-acre industrial park in Etna, Ohio, about 20 miles east of Columbus.
Located at 10300 Schuster Way, adjacent to the Interstate 70 interchange at State Route 310, the warehouse will be CRG’s fourth development in the Columbus market, one of the country’s best-performing and high-demand industrial markets.
Building D is the third development at The Cubes at Etna 70, which encompasses 305 acres that CRG and LXP purchased in 2018. A 1.2-million-square-foot build-to-suit e-commerce fulfillment center for Kohl’s was developed by CRG and delivered in 2020, bringing more than 400 jobs to the area. A seprate 1,074,840-square-foot speculative distribution facility, known as Building E, was completed in October 2022 and subsequently leased to a confidential Fortune 500 manufacturing tenant that plans to use the location as its new distribution center.
“We are proud to continue our series of successful projects at The Cubes at Etna 70 with the start of our latest building,”said Kevin Scott, senior vice president and partner for the Ohio Valley region at CRG. “Our prior success in leasing a 1.1M SF project, known as Building E, further underscores the strength of the Columbus market and also demonstrates the robust demand for modern Class A space capable of accommodating today’s corporate users.”
The new rear-load facility, Building D will feature 36-foot clear heights, abundant car parking, 62 trailer stalls away from the building, 32 fully equipped dock positions (expandable to 50) and a 60-foot speed bay. The property offers a 15-year, 100% tax abatement. Contegra Construction is serving as general contractor and Lamar Johnson Collaborative as architect.
The park has three remaining pad-ready sites that can accommodate build-to-suit users ranging from 250,000 to 800,000 square feet.
“Columbus continues to be part of our long-term strategy and has proven to be a key logistics hub with proximity to two thirds of the US population,” said Shawn Clark, chief executive officer of CRG. “Our integrated delivery platform and partnership with LXP sets us up for another successful project here.”
“Columbus remains part of our long-term strategy and has proven to be a key logistics hub, serving two-thirds of the U.S. population,” stated Shawn Clark, chief executive officer of CRG. “With our integrated delivery platform and collaboration with LXP, we are well-positioned for another successful project at The Cubes at Etna 70.”
Including The Cubes at Etna 70, CRG has planned, broken ground on or completed over 53 million square feet of industrial projects. The firm’s national industrial development platform, marketed as The Cubes, has served many nationally recognized brands and Fortune 500 companies.
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About CRG
CRG is a privately owned North American real estate development and investment firm founded in 1993 with deep expertise in delivering and owning industrial, office, multifamily, student housing and mixed-use assets. The firm serves clients and investors from eight regional offices benefiting from local expertise in Chicago, St. Louis, Indianaoplis, Seattle, SoCal, Phoenix, Philadelphia and Atlanta. CRG has developed more than 12,500 acres of land and delivered over 220 million square feet of assets exceeding $14 billion in value. For more information, visit CRG’s website at www.realcrg.com.
About The Cubes
The Cubes is a North American industrial brand owned and developed by CRG. The Cubes represents CRG’s philosophy of developing for the future and anticipating the enhanced needs of tomorrow’s modern industrial users. The Cubes are designed with an emphasis on sustainability and implement state-of-the-art specifications, including maximum clear heights, dock doors and trailer storage to keep pace with the shift to consumer-centric logistic strategies. The Cubes are located in strategic locations that take into consideration both logistics and labor supply, always with the end user in mind.
About Contegra Construction Co.
Based in Edwardsville, Ill., Contegra Construction Co. is one of the St. Louis area’s largest general contractors and serves a national customer base that includes industrial, institutional, municipal, medical, multi-family, office and retail projects. Its capabilities include building developer and owner-driven projects and site development.
About Lamar Johnson Collaborative (“LJC”)
LJC is the full-service design and architecture arm of Clayco and is committed to enhancing the quality of the human experience and to improving how design and architecture can impact each individual’s emotional being. By harnessing the power of integrated design—including architecture, workplace strategy, interior design, landscape architecture, urban planning and engineering—the company achieves its clients’ goals and aspirations. For more information, visit www.theljc.com.