Jones Lang LaSalle Inc.
10/13/2026 | Press release | Distributed by Public on 10/13/2026 09:11
JLL arranges the sale of New Albany Tech Park 300
Key Takeaways
• JLL Capital Markets facilitated the sale of New Albany Tech Park 300, representing the developer and seller, VanTrust Real Estate, in the transaction to buyer Realty Income
• The newly built, 300,400-square-foot facility features state-of-the-art specifications, including a 36-foot clear height and 3,600-amp power capacity, specifically engineered to support heavy tech and logistics operations
• This transaction highlights the robust investor demand for high-credit industrial assets that support critical technology operations in the rapidly expanding Columbus metropolitan area
CHICAGO, Oct. 13, 2026 - JLL Capital Markets announced today the sale of New Albany Tech Park 300, a 300,400-square-foot industrial distribution center located at 12550 Jug St. in New Albany, Ohio.
JLL represented the seller, VanTrust Real Estate, in the transaction. Realty Income acquired the asset.
Completed in 2026, the brand-new, Class A distribution facility features state-of-the-art specifications that modern logistics users require. The property is equipped with a 36-foot clear height, fully circulating 135-foot truck courts, 30 dock doors, four drive-in doors and a 3,600-amp power capacity. Additionally, the asset is 100% leased to a premier technology and artificial intelligence company on a long-term basis, providing a stable income stream backed by investment-grade corporate credit.
Situated in the robust Columbus metropolitan area, the property provides exceptional accessibility to major North American markets. More than half of both the U.S. and Canadian populations, as well as a substantial portion of U.S. manufacturing capacity, are located within a 600-mile radius of the site. The location is supported by a comprehensive transportation network, offering direct highway connections to major midwestern hubs and close proximity to John Glenn Columbus International Airport and Rickenbacker International Airport, one of the world's largest cargo-dedicated airports.
The property occupies a strategic position within a premier technology and advanced manufacturing corridor. The region has attracted massive corporate and public investments, transforming the local landscape into a key economic and data center hub. This concentration of high-tech infrastructure, paired with the regional labor pool, has spurred intense demand for proximate industrial support space.
The JLL Capital Markets team was led by Senior Managing Directors John Huguenard and Sean Devaney, along with Managing Directors Ed Halaburt, Kurt Sarbaugh and Senior Directors Ross Bratcher and Will McCormack.
"Columbus has become one of the country's most active data center markets, which is driving incredible demand for the industrial properties that support them," Huguenard said. "VanTrust Real Estate delivered a state-of-the-art facility that serves a vital operational role in the region's expanding technological corridor, making it a highly compelling acquisition for the buyer."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About VanTrust Real Estate
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services, including acquisition, disposition, development, development services, corporate services, and asset enhancement. Product types include office, industrial, multifamily, mixed-use, and science + technology. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, Jacksonville, and Salt Lake City, with its headquarters in Kansas City, Missouri. For more information, visit VANTRUSTRE.COM.
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of June 30, 2026, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as "The Monthly Dividend Company®" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 675 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the company can be found at www.realtyincome.com.
Jones Lang LaSalle Inc. published this content on October 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 13, 2026 at 15:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]