Scannell Properties is going big on the south side of the Columbus metro, breaking ground on a 1.18 million-square-foot speculative industrial building in Commercial Point. The site sits in the Rickenbacker freight corridor near the Anduril Arsenal-1 campus and brings one of the largest single speculative blocks the region has seen in recent years. Developers and brokers say the building’s scale and address speak to persistent demand for large-bay logistics and manufacturing space in central Ohio.
The Indianapolis-based developer said the first phase of its Commercial Point logistics park officially broke ground on June 15 and will deliver a 1.18 million-square-foot, 40-foot-clear warehouse with roughly 60 dock positions and four drive-in doors as speculative, move-in-ready space. Scannell describes the building as the opening move in a larger master plan for the site, designed to modern distribution standards that include ESFR sprinklers and ample trailer parking. In a release via Scannell Properties, the company said the groundbreaking drew local officials and commercial real estate partners to the site.
Near Anduril and Rickenbacker
The project is tucked inside the Rickenbacker exchange, a stretch of industrial land that has been attracting major plays since defense-tech firm Anduril announced its Arsenal-1 campus nearby. Columbus Business First reported that Scannell’s new building sits close to Anduril’s footprint, while national coverage has described Arsenal-1 as a roughly 5-million-square-foot, multi-thousand-job manufacturing complex that has reshaped how users look at sites in the region. AP News detailed the state incentives and scope tied to the Anduril investment when it was announced.
Who Is Leasing and Building It
Colliers is on point for leasing the new block, with listing materials and local broker pages showing Joel Yakovac and a Colliers team courting national logistics users for the space. Colliers markets the Park IDI at Rickenbacker Exchange as both a build-to-suit and speculative hub for the submarket.
On the construction side, the general contractor is already on the ground. Social media posts from Alston Construction highlighted the June groundbreaking and the firm’s presence on site, confirming that work has advanced from grading into early construction operations.
Market Backdrop
Central Ohio’s industrial market has been chewing through large blocks of space at a brisk clip. Market research shows Columbus wrapped up 2025 with roughly 8.8 million square feet of positive net absorption and vacancy hovering in the mid-single digits, leaving limited options for users that need modern bays of 500,000 square feet or more. As outlined by a Newmark analysis republished on REBusinessOnline, megaprojects such as Anduril’s Arsenal-1 and a slate of other manufacturing and data-center investments are reshaping demand patterns and encouraging more speculative groundbreakings. Brokers told local trade press that rolling out a large speculative building now is effectively a bet that leasing velocity in the Rickenbacker corridor will keep up.
For Commercial Point and nearby communities, the new spec box also tees up familiar questions about traffic, utilities and workforce needs once an occupier steps in. Local officials and economic development groups say they will be watching for leasing announcements and any county or state incentives that might attach to major tenants. For the moment, Scannell’s start simply adds a high-visibility block of capacity next to one of the region’s highest-profile industrial plays.
