IRG and Partners Make Major Investment to Redevelop Central Ohio's Hilliard Commerce Center

IRG and Partners Transform Hilliard Commerce Center

Industrial Realty Group, LLC (IRG), a prominent name in the commercial and industrial property sector, has joined forces with Provider Real Estate Partners (PREP) and DW Real Estate Partners (DWREP) to embark on a significant investment in the redevelopment of the Hilliard Commerce Center in Columbus, Ohio. This acquisition, announced August 19, 2025, marks a strategic move by the trio to enhance an underutilized industrial asset in a flourishing market.

The Hilliard Commerce Center, spanned across 177,680 square feet and set on an impressive 18.6 acres, is positioned less than a mile from I-270, which offers excellent connectivity to the greater Columbus metropolitan area. As noted by Peter Goffstein, Executive Vice President at IRG, the location is deemed prime due to its strategic importance and favorable market dynamics. The present low vacancy rates and lack of new supplies in the region indicate a ripe opportunity for improvement and development, underscoring the potential for community and economic growth.

In conjunction with enhancing the physical space, the collaborators aim to implement extensive upgrades to the property. Chris Salata, a Partner at PREP, emphasized the commitment to maximizing the site's potential through exterior renovations, necessary repairs, and the removal of outdated structures. The strategic improvements also consider the existing zoning (M-1), which allows for a range of uses suitable for logistics companies, light manufacturing, and service-oriented tenants.

The Hilliard Commerce Center is set in a burgeoning industrial corridor and boasts ample outdoor storage and parking solutions. Its proximity to a robust labor pool significantly augments its appeal, ensuring it can attract various commercial tenants eager for efficient operational space. The developers are set to tap into the site's characteristics to create an attractive proposition for businesses looking for room to grow in the competitive landscape of the Columbus metro area.

Further engagement and leasing inquiries can be facilitated by connecting with Nick Tomasone, the Senior Vice President at CBRE in Columbus. His contact number, (614) 430-5087, will direct potential tenants toward discovering opportunities to set up their operations in what is anticipated to become a well-fortified location in the region.

About the Partners

Industrial Realty Group, LLC (IRG) is a nationwide player in the realm of commercial real estate, overseeing a vast portfolio that includes over 150 properties across 31 states, summing up to an impressive 100 million square feet of leasable space. IRG is recognized not only for its real estate developments but also for its innovative solutions to complex real estate challenges, promoting adaptive reuse of properties where possible.

Provider Real Estate Partners (PREP) represents a newer entrant in the field, founded in 2020 and focusing on synergistic investment opportunities in healthcare, industrial, and retail sectors. Their approach includes managing several value-add funds targeting industrial and retail redevelopment, which aligns with the funding approach for the Hilliard Commerce Center project.

DW Real Estate Partners (DWREP) brings a wealth of investment expertise to the table, having completed over 50 transactions valued at more than $1.5 billion. Their focus lies in making strategic investments that enhance property value while ensuring robust risk-adjusted returns across varying asset classes.

Thus, through the collaboration of these three leading firms, the Hilliard Commerce Center is on a clear pathway toward revitalization, embodying a strategic investment aimed at enhancing regional growth and market responsiveness.

Stay tuned for further updates as this project unfolds, promising to inject new life into Columbus's industrial landscape.