Case Study: Becknell Industrial secures tenants for 646,000 SF spec development with Lee & Associates

Becknell Industrial secures 646,000 SF of industrial space with Lee & Associates

Becknell Industrial, a privately held national real estate development firm, sought to grow its presence in the Columbus market by finding development opportunities in the infill Grove City submarket, which had very limited sites for new industrial product. The challenge was to secure and lease a property in this high-amenity location. They engaged the vendor, Lee & Associates, for site acquisition and leasing services.

Lee & Associates leveraged its deep market experience and local relationships to secure a 41-acre, fully entitled site for Becknell. The team then executed a targeted marketing campaign for two speculative industrial buildings totaling 646,000 SF. They secured long-term, single-tenant leases for both facilities at historically high rental rates prior to construction completion, maximizing the asset value for Becknell Industrial.

Becknell Industrial