NEW ALBANY, Ohio — Realty Income has acquired New Albany Tech Park 300, a 300,400-square-foot distribution center at 12550 Jug St. in New Albany, JLL Capital Markets announced Oct. 13. JLL represented the seller, developer VanTrust Real Estate. The price was not disclosed.
Completed in 2026, the Class A building has a 36-foot clear height, 135-foot truck courts, 30 dock doors, four drive-in doors and 3,600 amps of power. It is 100% leased on a long-term basis to what the release calls a premier technology and artificial intelligence company, which it does not name. JLL's John Huguenard said Columbus has become one of the country's most active data center markets. The sale is an investment transaction. The release does not describe new jobs or company spending at the site.
ON THE RADAR: DEAL
Buyer: Realty Income (NYSE: O)
Seller: VanTrust Real Estate
Tenant: Not named (a technology and AI company)
Property: New Albany Tech Park 300, 12550 Jug St., New Albany, Ohio; 300,400 sq ft
Price: Not disclosed
Broker: JLL Capital Markets (for the seller)
Type: Property sale (leased industrial)
Announced: Oct. 13, 2026