Dogwood Industrial Properties Acquires Eastgate Business Center In Gahanna For $42 Million

Dogwood Industrial Properties acquired an industrial asset at 1800 Deffenbaugh Court in Gahanna, OH. The property, measuring 297,000 square feet, was sold by Scannell Properties for $42,000,000, resulting in a price per square foot of $141. The Eastgate Business Center, built in 2015, is a multi-tenant industrial space currently leased to various tenants including Assure Vault, Cort Furniture, Distributor Wire & Cable, and Mainfreight.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $42,000,000
• Address: 1800 Deffenbaugh Court
• Market: Gahanna, OH
• Square Footage: 297,000
• Price per Square Foot: $141
• Buyer: Dogwood Industrial Properties
• Seller: Bob Scannell - Scannell Properties

This transaction marks a significant expansion for Dogwood Industrial Properties within the U.S. logistics portfolio, highlighting their strategic interest in multi-tenant industrial properties. The deal involved representatives from both sides to facilitate the successful transfer of ownership from the seller to the buyer.