Red Rock Developments Celebrates Major Ohio Lease Deal
Deal News | Apr 24, 2025 | Red Rock Developments LLC
Red Rock Developments LLC has successfully completed a substantial full-building lease in Columbus, Ohio, covering 946,400 square feet. Recognized as SIOR's Top Industrial Deal of the Month, this $57 million transaction is highlighted as a collaborative success among all parties involved. Noteworthy contributions came from John Barker, Jr., SIOR, and Leah B. Bailey, SIOR, alongside the Colliers Columbus Industrial Team, and the KBC team under Beau Taggart. The recognition underscores the vitality and growth of Ohio's industrial market and the importance of strategic partnerships.
Sectors
- Real Estate
- Industrial
Geography
- United States – The deal took place in Columbus, Ohio, a significant location in the US industrial property market.
- Ohio – The transaction occurred within the state, emphasizing Ohio's industrial sector growth.
Industry
- Real Estate – The article discusses a major real estate transaction involving a substantial lease agreement facilitated by a private equity firm.
- Industrial – The transaction involves industrial property, reflecting activity within this sector.
Financials
- $57 million – The financial size of the lease transaction recognized as the SIOR's Top Industrial Deal of the Month.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Red Rock Developments LLC | Private Equity Company | Company | A private equity firm involved in the transaction of leasing a large industrial property. |
| John Barker, Jr., SIOR | Leader/Contributor | Person | A key leader whose expertise was instrumental in closing the deal. |
| Leah B. Bailey, SIOR | Leader/Contributor | Person | A significant contributor to the successful completion of the lease agreement. |
| Colliers Columbus Industrial Team | Introducer/Facilitator | Company | Facilitated the process by introducing the prospect and supporting negotiations. |
| KBC team | Support Team | Company | Provided important support under the leadership of Beau Taggart, SIOR, during the transaction. |
| SIOR | Recognition Body | Company | The Society of Industrial and Office Realtors that recognized the deal as the Top Industrial Deal of the Month. |