SOURCE: Meritex Enterprises

April 17, 2008 05:00 ET

Meritex Leases Westbelt Spec Building Ahead of Schedule

COLUMBUS, OH--(Marketwire - April 17, 2008) - Meritex Enterprises announced today that it signed the final lease for its 52,800 SF speculative development, Exchange Center II, in Westbelt Business Park, achieving 100% occupancy within 14 months of building completion. Exchange Center II is now serving the needs of five local and national businesses.

Jill Evans, Columbus Portfolio Manager for Meritex, stated, "It's about delivering the right product in the right market at the right price." Meritex owns 1.7 million SF serving 57 tenants in the greater Columbus area, including Gahanna, Groveport, and Rickenbacker. The leasing success Meritex has achieved in Columbus illustrates its understanding of the unique needs of the smaller user.

RjBoll Realty, Ltd. exclusively represented Meritex in leasing Exchange Center II. Ray Boll commented, "I'm proud to be a part of the success of the first spec building developed in Westbelt since 1980. Exchange Center II leased even faster than we projected," to which Jeff Boll added, "If you believe in the building you represent, you can lease it faster to quality tenants. We believe in this product and in the continuing strength of the Westbelt sub-market."

About Meritex:

Meritex Enterprises, Inc. is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases and manages over 8.5 million square feet of commercial real estate in 9 markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The company's properties are located in Atlanta, Columbus, Denver, Houston, Indianapolis, Kansas City, Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics, provides third party logistics services in Kansas City, Memphis, Nashville, and Warren, Ohio.

See the Company's website for additional information: www.meritex.com.

Contact Information

  • Contact:
    Jill Evans
    614-771-5700