The Columbus-Franklin County Finance Authority issued $32 million in bonds with a capital lease financing package to NorthPoint Development. NorthPoint will construct a one million square foot warehouse facility on 67 acres in Groveport, Ohio.
“I cannot speak highly enough of our experience with the Finance Authority and its team. They came to the table as problem-solvers and were able to move rapidly to get up to speed on our project, document the transaction and get it approved to meet our deadline. We hope to finance other transactions in partnership with them.” – Brent Miles, VP, NorthPoint Development
NorthPoint Development is headquartered in Kansas City and is a real estate development, management and leasing firm that is principally focused on industrial, multi-family, and senior living markets in the central part of the United States. They have projects throughout the central part of the U.S. in the industrial, office and multi-family sectors.
The Columbus-Franklin County Finance Authority is a public agency designed to facilitate capital investments by the private, non-profit and public sectors in Central Ohio. The Finance Authority is an eligible issuer of tax-exempt and taxable debt. The Finance Authority works in partnership with traditional lending institutions and other public partners, acting as a valuable resource for your financing options. The Finance Authority has issued over $673 million in bond financing projects that will invest more than $852 million and facilitate over 5,800 jobs in Central Ohio.
The Finance Authority gratefully acknowledges support received from the Franklin County Board of Commissioners and the City of Columbus.