Lightstone Group Acquires Two Industrial Buildings In Columbus For $21M

The Lightstone Group has acquired a group of properties in Columbus as part of their growth strategy and expansion of their logistics platform. The acquisition includes two industrial buildings located at 4300 and 4338 Janitrol Road. The total area of the properties is 21.7 acres, with a total square footage of 500,000. The transaction was completed for a total sale price of $21,000,000, resulting in a price per square foot of $42. The seller of the properties was TCG Columbus I LLC.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Address: 4300 & 4338 Janitrol Road
• Market: Columbus
• Total Acres: 21.7
• Square Footage: 500,000
• Buyer: Lightstone Group
• Seller: TCG Columbus I LLC

The deal was facilitated by brokers from JLL, including Ross Bratcher, Sean Devaney, Nick Tomasone, and Dan Wendorf. Mitchell Hochberg, representing the Lightstone Group, played a key role as the buyer's representative.