Stonemont Financial Group Signs 338,509 Square Foot Lease At Castings Commerce Park In Columbus
2255 Parsons Avenue
Building Size
338,509 SF
Asset Type
Industrial
Closing
Jun 8, 2026
AI
The asset involved in this transaction is an industrial property located at 2255 Parsons Avenue, Columbus, OH. The property spans 338,509 square feet and is part of an 862,000-square-foot industrial development, Castings Commerce Park, which is now 96% leased. The development comprises three buildings and is situated near downtown Columbus with convenient access to highways and logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Specified
- Address: 2255 Parsons Avenue
- Market: Columbus, OH
- Asset Size: 338,509 SF
- Landlord: Stonemont Financial Group
- Brokers: Joe Kimener & Beau Taggart - KBC Advisors
Stonemont Financial Group secured the lease for the property, effectively occupying Building 1 of the development. Brokers Joe Kimener and Beau Taggart from KBC Advisors were instrumental in facilitating this deal, contributing to the continued demand for industrial space in the Ohio market.
Players
Avon Lake Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93