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AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Brokers Sale of Chipotle-Occupied Restaurant Property in Piqua, Ohio

by Kristin Harlow

PIQUA, OHIO — The Cooper Commercial Investment Group has brokered the sale of a newly constructed restaurant property occupied by Chipotle Mexican Grill in Piqua, a suburb of Dayton. The 15-year lease features 10 percent rental increases in years six and 11. The property includes the restaurant’s namesake drive-thru, Chipotlane, as well as patio seating. Dan Cooper of Cooper Group represented the seller, a longtime client. The asset sold to an all-cash 1031 exchange buyer from California at a 5.5 percent cap rate.

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AcquisitionsHealthcareMidwestOhio

Marcus & Millichap Arranges $3.5M Sale of Medical Office Building in Dover, Ohio

by Kristin Harlow

DOVER, OHIO — Marcus & Millichap has arranged the $3.5 million sale of a 34,658-square-foot medical office building in Dover, about 45 miles south of Akron. The 10-suite property is situated on 5 acres at 340 Oxford St. Built in 2001, the facility is leased to healthcare providers, including OrthoUnited, Trinity Hospital, Retina Associates of Cleveland and Aultman Hospital. The asset is located one mile from Cleveland Clinic Union Hospital. OrthoUnited, the anchor tenant, recently invested more than $1.5 million into its 27.7 percent share of the building. Ryan Moore, Christopher Mitchel and Billy Skoch of Marcus & Millichap represented the seller, an Ohio-based private investor.  The buyer was not released.

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LoansMidwestMultifamilyOhio

Lument Provides $53.1M Loan for Refinancing of Luxury Apartment Community in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Lument has provided a $53.1 million balance sheet loan for the refinancing and lease-up of South Bank at Quarry Trails, a 266-unit luxury apartment community built in 2025 in Columbus. Ryan Duling of Lument led the transaction on behalf of the borrower, Columbus-based Thrive Cos. The loan refinances existing construction debt, funds reserve accounts and supports the lease-up of the mid-rise property. The loan features an adjustable interest rate and interest-only payments for the two-year term. South Bank at Quarry Trails is part of a master-planned development in the Upper Arlington submarket of Columbus. Amenities include a clubhouse, saunas, outdoor pool and the Quarry Trails Metropark. Twenty percent of the units are designated as affordable housing.

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AcquisitionsHospitalityMidwestOhio

Hunter Advisors Negotiates Sale of 408-Room Renaissance Columbus Downtown Hotel

by Kristin Harlow

COLUMBUS, OHIO — Hunter Advisors has negotiated the sale of the Renaissance Columbus Downtown Hotel, a 408-room property in downtown Columbus. JW Marriott Family Enterprises sold the hotel to Whitestone Cos. Robert Taylor and Sophia Pittaluga of Hunter brokered the sale. Situated at 50 N. Third St., the asset rises 22 stories and features 23,810 square feet of flexible meeting and event space across 18 meeting rooms, along with Latitude 41, Bar 41, an outdoor pool, fitness center and business center. The acquisition marks Whitestone’s third investment in Columbus over the last 10 months.

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AcquisitionsMidwestMultifamilyOhioSeniors Housing

Kiser Group Brokers $7M Sale of Skilled Nursing Facility in Metro Cleveland

by Kristin Harlow

CLEVELAND — Kiser Group has brokered the sale of an 84-bed skilled nursing facility in a rural market east of Cleveland for $7 million. The property features 76 skilled nursing beds, five assisted living units and three independent living units. Situated on 26 acres, the community was built in 1950 and expanded through multiple additions between 1995 and 2001. At the time of sale, occupancy ranged between 70 and 80 percent. The buyer is a seasoned owner-operator with a large skilled nursing portfolio across the Midwest and a growing presence in Ohio. The buyer plans to implement strategic initiatives aimed at improving cash flow and enhancing overall performance. The seller was a family ownership group based in the Cleveland area. Mark Myers of Kiser brokered the sale.

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AcquisitionsMidwestOhioRetail

Boulder Group Brokers $2.3M Sale of Dollar General-Occupied Retail Property in Kent, Ohio

by Kristin Harlow

KENT, OHIO — The Boulder Group has brokered the $2.3 million sale of a single-tenant retail property occupied by Dollar General in Kent. Located at 1154 Tallmadge Road, the asset totals 10,566 square feet. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a preferred Dollar General developer. The buyer was a Delaware Statutory Trust. Dollar General operates more than 20,000 stores in 48 states.

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Leasing ActivityMidwestOhioRetail

Five Retailers Open New Stores at Easton Town Center in Columbus, Ohio

by Kristin Harlow

Marking its first store in Ohio is SKIMS, an underwear, loungewear and shapewear brand founded by Kim Kardashian. Joybird opened its first Ohio showroom at Easton Gateway on Friday, Nov. 14, marking the brand’s 15th retail storefront nationwide. The showroom offers an immersive environment for home design enthusiasts and interior designers. Portland Leather also opened its first store in Ohio. Founded in 2015, the company designs handcrafted, full-grain leather bags and wallets. With an expanded footprint at Easton, Abercrombie & Fitch introduces a new denim experience with enhanced fit options. Windsor is a women’s apparel retailer for elevated dresses and cocktail attire. Co-developed by The Georgetown Co. and L Brands, Easton is a 1,300-acre mixed-use destination. At the heart of the master planned development is Easton Town Center, which is home to more than 250 shops, restaurants and entertainment venues. Steiner + Associates handles management and leasing of Easton Town Center.

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AcquisitionsIndustrialMidwestOhio

ICP Acquires 408,000 SF Former True Value Hardware Distribution Facility in Westlake, Ohio

by Kristin Harlow

WESTLAKE, OHIO — Industrial Commercial Properties (ICP) has acquired the former True Value Hardware distribution facility at 26025 1st St. in Westlake, about 12 miles west of downtown Cleveland. The 408,000-square-foot property features a clear height of 25 feet and sits on 21.6 acres. ICP will transform the facility with advanced building systems, improved dock and loading areas and a modernized look. The updated space, available in the second quarter of 2026, will offer flexible layouts for industrial, manufacturing and distribution businesses. Joe Messina, David Stecker and Joe Warren of JLL helped facilitate the transaction and will continue as the leasing team.

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AcquisitionsMidwestOhioRetail

Cooper Group Negotiates $3.1M Sale of Retail Center in Toledo, Ohio

by Kristin Harlow

TOLEDO, OHIO — The Cooper Commercial Investment Group has negotiated the $3.1 million sale of Jesse James Plaza, a multi-tenant retail center in Toledo. Dan Cooper represented the seller, a Midwest-based investment group. The asset sold to an all-cash buyer. Jesse James Plaza totals roughly 35,800 square feet and sits on 3.1 acres. FirstCash and Safelite are anchor tenants.

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AcquisitionsIndustrialMidwestOhio

W. P. Carey Completes Sale-Leaseback of 66,000 SF Food Processing Facility in Ohio

by Kristin Harlow

OHIO — W. P. Carey has completed a sale-leaseback of a 66,000-square-foot food processing facility in Ohio. The transaction also included a commitment to fund an expansion to the existing facility and a build-to-suit commitment for a new Class A distribution facility on the same campus. Completion is slated for November 2026. The property is triple-net leased to Novus Foods, which is backed by private equity firm CapVest. The tenant has invested heavily in the property and is making additional investments to upgrade equipment. The new facility will serve as the company’s main cross-dock distribution location. The assets will be subject to a long-term, triple-net master lease with fixed annual rent increases.

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