Another industrial project has begun construction by John Glenn Columbus International Airport.
Mark F. Taggart Co. and developer Fed One Dublin LLC broke ground Thursday on a 259,600-square-foot industrial building at 4712-4760 Poth Road. It's to be the second phase of the company's industrial development at the Airport South Commerce and Tech Center, and will bring it to 400,000 square feet when completed in April 2018.
“The Air South Commerce Center fills a market niche for the industrial users in the 40,000 SF to 100,000 SF size range who want all the bells and whistles typically associated with larger bulk facilities," Mark Taggart said in a statement. "This is a high image building in a great location.”
The developers executed agreements with JobsOhio for a $1 million revitalization loan and a $1 million revitalization grant. The project will entail about $12.2 million in fixed asset investment, according to the agreement, which includes land acquisition, site preparation and building.
Last April, Taggart had said the first 140,000-square-foot warehouse building cost $4.5 million.
Tenants will receive a 15-year, 100 percent tax abatement on fitting out they do to their spaces through the city of Whitehall.
“This project is an example of how our revitalization program is increasing site inventory and creating more options for job creators looking to invest in Ohio,” said JobsOhio Senior Managing Director Kristi Tanner in a statement. The group's revitalization program supports redevelopment of sites that otherwise would be cost prohibitive, but that could lead to near-term job creation.
The Air South Commerce Center is being built on a 9½-acre site of the former Oasis Corp. water cooler and water fountain manufacturing complex, which closed soon after the company’s sale in 2005.
The building has already signed its first tenant — Wolff Brothers Supply will lease 52,000 square feet of industrial office and warehouse space in the building. That company distributes plumbing, electrical and HVAC tools and equipment.
The tenant was represented by Weston Devore and Don Matsanoff of CBRE Columbus.
The first warehouse, built on a speculative basis at 265-285 N. Hamilton Road, quickly landed two major tenants, Continental Auto Parts and Takeya USA, which took most of the space there.
“We applaud the leadership of the city of Whitehall for leveraging the economic development tools available in Ohio,” said Kenny McDonald, president and CEO of Columbus 2020, in the statement. “The city’s work with JobsOhio has resulted in a new site that will benefit the Whitehall community and elevate our region’s ability to compete for growing companies.”
It's also a feather in the cap for Whitehall, the eastern suburb of 19,000 that has taken an aggressive approach to landing new business investment. A $2.8 million roadwork project including a resurfacing of Hamilton Road between East 5th Avenue and Poth Road were to aid the commercial construction at the airport.
"Having over 200,000 square feet of industrial spec space available in our Air South Commerce and Tech park is vital to attract new employers to the city,” said Mayor Kim Maggard.