Colliers has arranged the sale of a large industrial distribution facility at 2039 Pittsburgh Drive in Delaware, Ohio, marking a notable industrial transaction within the Columbus metropolitan area. The property totals 257,120 square feet and serves as a modern logistics and manufacturing hub in the northern portion of the metro.
The industrial asset was sold by The Camber Company to SR Realty Trust, a diversified private REIT based in Minneapolis. Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel facilitated the transaction on behalf of the parties. While financial terms were not disclosed, the deal reflects ongoing activity in institutional-quality industrial real estate.
Located on a 19.88-acre site in Delaware, the facility sits approximately 13 miles north of Interstate 270 and is positioned within the Columbus MSA. The property benefits from access to the region’s transportation network and is situated in what was described as the growing northern portion of the metro, a dynamic that is supporting industrial user and investor interest.
The building was developed by The Camber Company in 2024 and is fully occupied by two established global manufacturers, Luvata and Vertiv. According to commentary from Colliers, investor demand is currently centered on modern, fully occupied industrial assets in growth markets where tenant fundamentals are considered durable, aligning this property with those preferences.
Physical characteristics of the facility include 32-foot clear heights, 24 dock doors and two drive-in doors, supporting distribution and manufacturing operations. The building also features 50-foot-by-52-foot column spacing, heavy power capacity and 179 surface parking spaces. These specifications position the asset to accommodate a range of industrial users while supporting efficient loading and circulation.
The combination of recent construction, full occupancy by global manufacturers and logistics-friendly location within the Columbus metropolitan area underscores the property’s relevance for institutional buyers such as private REITs. The transaction further illustrates the role of northern Columbus-area submarkets, including Delaware, in meeting demand for contemporary industrial product.
With no vacancy at the property and modern functional characteristics in place, the sale highlights how investors are targeting stabilized industrial assets in established yet growing corridors. As capital continues to pursue such facilities, well-located distribution and manufacturing properties with strong tenancy remain a focal point for private and institutional buyers alike.
