Case Study 325,000 SF Tenant Representation

Property Details

Crane Worldwide Logistics, a national third-party logistics provider, occupied several customer-dedicated and multi-customer facilities spread across Central Ohio. Crane sought a larger, more efficient facility that could accommodate both current customers and anticipated business growth.

Challenges:

  • Direct access to the air cargo hub at Rickenbacker
  • Occupancy for receipt of shipments for an important customer within 75 days
  • Fully-secured facility
  • Aggressive economics
  • Purchase option to ensure long-term economic advantage and growth opportunities

Outcomes

Elford Realty quickly identified several candidate facilities with owners motivated to both lease and sell, as well as those well equipped to deliver in a timely manner. Elford leveraged multiple facility options to negotiate a lease for 325,000 sf with an option to purchase, an early occupancy agreement, and long-term expansion options that successfully met the end-of-year deadline.

Client

Crane Worldwide Logistics

6500 Pontius Road, Groveport, OH 43125