Newmark Knight Frank (NKF) is pleased to announce that the firm has arranged a new, long-term, 52,500-square-foot lease to Benchmark Industrial Inc., at the Central Park of Gahanna (870 Claycraft Road in Gahanna, Ohio), a new, state-of-the-art, 262,500-square-foot spec warehouse currently under construction. NKF Director Eric Shea, SIOR, completed the lease on behalf of the property’s developer, Trevi Enterprises.
“We are very pleased to have Benchmark join us at Central Park of Gahanna,” said Shea. “The development is an infill location in a well-developed community, not flooded with warehouse space as other submarkets are, making the quality of available labor very stable.”
Set for completion in September 2019, Central Park of Gahanna will feature 32-foot clear ceilings, 25 dock doors, five drive-in doors, ESFR sprinklers, T-5 lighting and Cambridge heaters with air make-up units to save energy and improve indoor air quality. Situated on 17 acres, Central Park of Gahanna is ideally located four miles east of the John Glenn Columbus International Airport, offers prominent visibility facing Claycraft Road and offers a multitude of nearby amenities including restaurants, hotels and retail. This is the first warehouse development in the city of Gahanna offering a clear height of 32 feet. The project was also designed to accommodate companies with a high-car parking need. The current parking at Central Park of Gahanna can be doubled to offer 288 spots.
Benchmark Industrial Inc., a distributor of shipping and industrial packaging products, warehouse supplies, safety supplies and basic janitorial supplies, is expanding its current location in Springfield to now have two locations: this warehouse in Central Park of Gahanna and a second office in Troy, OH.
“We were looking forward to creating a state-of-the-art office environment for our employees and clients. The cost to convert office space in other lower clear-height vacant buildings was enormous,” said Benchmark Industrial Inc. President, Jim Reid. “Moving into a brand-new facility laid out just how we needed it was the best solution. We plan to grow the company by five times over the next five years and add over 50 professionals during that period.”
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.