JLL arranges $155M construction loan for Buckeye Yards industrial development in Columbus

• JLL Capital Markets arranged a $155 million construction loan for Buckeye Yards, a four-building Class A industrial development planned in Columbus, Ohio.

• The financing supports Xebec and its institutional capital partner's development of nearly 1.8 million square feet of modern logistics space at one of the last large-scale infill industrial sites in Columbus.

• Oxford Properties provided the financing, positioning the project to capitalize on continued demand for highly functional industrial product in Central Ohio.

CHICAGO, Nov. 5, 2026 – JLL Capital Markets announced today that it arranged a $155 million construction loan for Buckeye Yards, a four-building Class A industrial development totaling 1,793,535 square feet in Columbus, Ohio. The project is being developed on a former rail yard site west of downtown Columbus and will deliver modern logistics and distribution space across 153 acres during the first phase of the master-planned development.

JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through leading global real estate firm, Oxford Properties (“Oxford”).

Buckeye Yards represents the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus strategically positioned within one of the region's most established industrial corridors. Upon completion, the first phase will feature four industrial buildings ranging from approximately 205,000 square feet to more than 910,000 square feet.

The development will include both rear-load and cross-dock configurations, 36- to 40-foot clear heights, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will also benefit from a 10-year tax abatement structure designed to enhance its competitiveness among institutional industrial users.

The project is located adjacent to a four-way interchange connecting Interstate 70 and Interstate 270, providing efficient access throughout the Columbus metropolitan area and regional Midwest distribution networks. The site also sits adjacent to the CSX intermodal facility and within close proximity to Rickenbacker International Airport and John Glenn Columbus International Airport, offering multimodal transportation advantages for logistics, manufacturing and distribution users seeking last-mile and regional fulfillment capabilities.

Buckeye Yards occupies one of the last remaining large-scale infill industrial development sites in Columbus. Its west-side location offers access to a deep labor pool and a diverse regional economy supported by advanced manufacturing, logistics, technology, life sciences and education sectors. Major corporate investments from companies across the semiconductor, data center, biotechnology and defense manufacturing industries have continued to strengthen the area's long-term economic outlook and industrial real estate demand drivers.

The JLL Capital Markets team was led by Senior Managing Director Danny Kaufman and Managing Director Lucas Borges, Senior Director Brian Walsh, Associate Michael Gurwin and Senior Analyst Emma Berner.

"The Columbus market's fundamental strength, driven by unprecedented corporate investment and constrained supply of quality industrial space, positioned this financing opportunity exceptionally well," Walsh said. "Xebec is delivering state-of-the-art product in a location where modern infill space of this scale simply doesn't exist, at a time when tenant demand for strategically positioned last-mile facilities continues to intensify."

The financing provider, Oxford, has operated a full-service, direct-drive credit business since 2011, deploying over $15 billion across the debt capital stack (mortgage, whole loan, mezzanine, CMBS), all major property types, and business plans.

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.

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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 approximately 112,000 as of September 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. 

Xebec is a leading private industrial logistics real estate development and management firm with a 35-year logistics track record. Xebec’s vertically integrated and full-service platform provides real estate acquisition, development, ownership, financing, leasing, property management (principally through local third-party property managers), and real estate investment management services.

Since inception, Xebec has acquired and developed, redeveloped or repositioned industrial and logistics real estate projects totaling nearly 26.1 million square feet, and currently has 31 projects totaling approximately 9.6 million square feet in various stages of development. Learn more about Xebec at https://xebecrealty.com/

Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$86 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with 20+ projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit www.oxfordproperties.com.