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Columbus Council Votes to Reset Buckeye Yards Tax Abatements
Read the full articleColumbus City Council votes Sept. 28 to shift 10-year tax abatements for Buckeye Yards to 2028–2037 after site remediation delayed construction. The West Side logistics hub will deliver 4.1 million square feet near I-270, beginning with 1.8 million square feet across four Phase 1 buildings.
How we know this
The sources and records behind this story, with the facts they support.
https://www.jll.com/en-us/newsroom/jll-arranges-155m-construction-loan-for-buckeye-yards
Supporting evidence (7)
JLL Capital Markets announced Thursday, Nov. 5, that it arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1,793,535 square feet in Columbus, Ohio.
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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.
JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure the loan through Oxford Properties, a global real estate firm.
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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”).
The project is being developed on a former rail yard site west of downtown Columbus and will deliver logistics and distribution space across 153 acres during the first phase of the master-planned development.
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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.
According to JLL, Buckeye Yards represents the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus.
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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.
The site is located adjacent to a four-way interchange connecting Interstate 70 and Interstate 270, providing transit access throughout the Columbus metropolitan area.
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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.
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 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.
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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.
https://xebecrealty.com/news/xebec-acquires-over-400-acres-of-industrial-land-in-columbus-ohio/
Supporting evidence (1)
Dallas-based industrial real estate firm Xebec acquired 405.86 acres of industrial property at the former Buckeye Rail Yard from Norfolk Southern.
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Xebec, a Dallas Based industrial real estate firm, has acquired from Norfolk Southern 405.86 acres of industrial property, in Columbus, Ohio, the site of the former Buckeye Rail Yard.
Columbus City Council · 2026-09-28
Supporting evidence (3)
City records authorize the Director of the Department of Development to amend the Enterprise Zone Agreement with Buckeye XO LLC.
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To authorize the Director of the Department of Development to amend the Enterprise Zone Agreement with Buckeye XO LLC
Under the amended terms, the city revised the expected project start date to August 2026 and updated the expected completion date for all real property improvements to December 2027.
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(1) to revise the expected project start date in Section 1 of the agreement from "August 2022" to "August 2026"; (2) update the expected completion date for all real property improvements from "October 2023" to "December 2027"
The measures also restructured the project's 10-year tax exemption window so that no exemption commences after 2028 or extends beyond 2037, replacing the original 2024 to 2033 timeframe.
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revise the Section 3 tax exemption period so that no exemption commences after 2028 or extends beyond 2037, replacing the original 2024 to 2033 timeframe