O’Connor Kicks off Construction of New, 303,120 SF Industrial Project in Rickenbocker, OH
September 04, 2025
COLUMBUS –Transwestern Investment Group (TIG®), in a joint venture with Trident Capital Partners and O’Connor Group, the development arm of O’Connor Capital Partners, is developing a 303,120-square-foot, rear-load industrial building in the Rickenbacker submarket of Columbus, Ohio.
“Columbus remains one of the nation’s most attractive industrial markets, and Rickenbacker consistently outperforms the broader region,” said Andy Norman, Director of Acquisitions at TIG. “With state-of-the-art design and a strategic infill location near global cargo operations, this development is positioned to capture robust tenant demand.”
Following positive net absorption for five consecutive quarters and seven of the past eight, the vacancy rate for Rickenbacker was 5.7% as of Q2 2025, one of the lowest in the Columbus region and well below the U.S. average of 7.0%. The submarket’s asking rent average increased 66% during the past five years, according to Transwestern research.
The Class A facility will feature 32-foot clear heights, 30 dock doors expandable to 65, three points of ingress/egress, separate metering for each side of the building, ESFR sprinklers, LED lighting, 200 car parking spaces, and 75 trailer stalls.
The project has secured building permits and commenced site work, with completion anticipated in the second quarter of 2026.
About Trident Capital Group
Founded in 2008 by Peter Walter and David Pizzotti, Trident Capital Group is focused on the acquisition and development of industrial real estate assets across the Eastern United States. With offices in Boston, MA and Columbus, OH, Trident has completed over $1.3 billion in total investment activity. www.tridentcapitalgroup.com
About O’Connor Capital Partners
O’Connor Capital Partners is a privately-owned, independent real estate investment, development, and management firm with more than $35 billion in historical investing activity. Over its 40-year history, O’Connor has been a preferred real estate investment firm providing institutional investors access to multiple format retail properties, residential and industrial developments. Within North America, O’Connor’s retail capacity is vertically integrated, utilizing their strong relationships and experience to create high performing investment opportunities. O’Connor’s residential strategy focuses on the Northeast corridor, both urban and inner suburban transit served locations for multifamily development and redevelopment. O’Connor’s industrial strategy focuses on developing distribution and light manufacturing facilities in centrally located cities offering multimodal transportation options. For more information, please visit oconnorcp.com.
About Transwestern Investment Group
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional and high-net-worth clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $8 billion of real estate investments to date in 26 markets.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
Media Contact:
Montgomery Angel
346.232.8625
Montgomery.Angel@transwestern.com
twmediarelations@transwestern.com
View original article here.
