By Joshua Burd
Saxum Real Estate has added to its holdings outside New Jersey with the acquisition of more than 465,000 square feet of cold storage and dry warehouse space in Columbus, Ohio.
The Summit-based firm on Thursday announced the deal in the city’s West Side and Interstate 70 West corridor, noting that the facility is fully leased to Mars Petcare US Inc. The property includes some 168,000 square feet of cold storage and freezer space and 300,000 square feet of ambient warehouse space, functioning as a mission-critical extension of Mars Petcare’s adjacent manufacturing campus.
The ambient warehouse was built in 1968 and fully renovated in 2012, Saxum said, while the cold storage and freezer building was constructed in 2017. Mars has operated manufacturing at the adjacent facility since 1972.
“This acquisition furthers our conviction of targeting mission-critical cold storage and food-related industrial assets backed by strong tenancy in premier logistics markets,” said Sean Gilbert, principal and head of acquisitions at Saxum Real Estate. “The property’s integration with Mars Petcare’s manufacturing operations positions it as a strong addition to our portfolio as we continue to scale in the cold storage and logistics sectors.”
