Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Columbus Industrial Owner I, LLC. The Ohio Enterprise Zone law (Section 5709.62(C) of the Ohio Revised Code) requires the City to enter into Council-approved agreements between the City and participating companies.
Columbus Industrial Owner I, LLC, an affiliate of California-based, real-estate investment and operating company Hackman Capital Partners, is proposing to construct an approximately 280,000-square-foot industrial warehouse on the east side of Walcutt Road, north of Trabue Road on parcel number 560-184817-00.
The new warehouse is expected to offer suites from 70,000 square feet and will feature 32’ clear height, at least 50’ x 54’ column spacing, and up to 80 dock doors. To improve efficiency and mitigate potential product damage, respectively, T5 lighting with motion sensors and an Early Suppression, Fast Response (ESFR) ceiling mounted sprinkler system are expected to be installed throughout the warehouse. The project will include approximately 172 parking spaces and will preserve the ability to add approximately 60 trailer parking spaces for on-site storage.
Columbus Industrial Owner I, LLC expects to invest a total of approximately $15 million in order to construct a new 280,000-square-foot industrial warehouse. It is estimated that the new development, in total, will support 20 full-time permanent positions by the end of the third full year of operation (estimated to be December 31, 2022). Approximately five (5) of the positions are expected to be net new full-time permanent positions to the City of Columbus with an associated new annual payroll of approximately $156,000 with the balance conservatively estimated to be relocated from within Franklin County, Ohio or an adjacent county. As this is a speculative development, the exact number of full-time permanent positions expected to be relocated to the site is unknown.
Columbus Industrial Owner I, LLC i...
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