Wednesday, April 15, 2026
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DevelopmentMidwestMixed-UseOhioRetail

Oberer Completes Final Retail Strip Center at Mixed-Use Project Near Dayton, Ohio

by Kristin Harlow

CENTERVILLE, OHIO — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer expects to break ground this summer on The Cornerstone of Centerville South, a 72-acre mixed-use development located on the south side of I-675.

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AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Arranges Sale of Red Roof Inn Hotel in Clyde, Ohio

by Kristin Harlow

CLYDE, OHIO — Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, has arranged the sale of the Red Roof Inn hotel in Clyde, a city in northern Ohio. The seller engaged Laurel to manage the disposition as part of a broader portfolio restructuring. A local owner-operator was the buyer. Dan Uhl of Peachtree Group arranged acquisition financing.

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Leasing ActivityMidwestOhioRetail

Dillard’s Opens 160,000 SF Store at The Mall at Fairfield Commons in Beavercreek, Ohio

by Kristin Harlow

BEAVERCREEK, OHIO — Dillard’s has opened at The Mall at Fairfield Commons in Beavercreek, marking the retailer’s first location in the Dayton area. The 160,000-square-foot department store occupies the former Macy’s location and introduces a new anchor tenant at the mall, which is owned by Spinoso Real Estate Group. Ownership says the Dillard’s opening reflects the continued evolution of The Mall at Fairfield Commons as it expands the mix of retail, dining and experiential offerings.

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IllinoisIndustrialLoansMidwestOhio

JLL Arranges $59M Refinancing for Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow

CHICAGO AND CINCINNATI — JLL Capital Markets has arranged a $59 million loan for the refinancing of a three-building industrial portfolio totaling 647,717 square feet across the Chicago and Cincinnati metropolitan areas. The Midwest Industrial 3-Pack comprises two facilities in Fairfield, Ohio, and one property in Hoffman Estates, Ill. All three buildings were completed in 2023 and feature a clear height of 32 feet, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving the logistics, distribution, manufacturing, packaging and thermal processing industries. The Ohio properties are known as Seward Pointe Commerce Park, while the Chicago asset is known as The Ninety Logistics Center and totals 201,676 square feet. Matthew Schoenfeldt, Lucas Borges, Brian Walsh, Michael Gurwin and Christian Johnston of JLL arranged the loan on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America Inc. A regional bank provided the five-year loan.

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AcquisitionsIndustrialMidwestOhio

Colliers Brokers Sale of 54,672 SF Industrial Facility in Marysville, Ohio

by Kristin Harlow

MARYSVILLE, OHIO — Colliers has brokered the sale of a 54,672-square-foot industrial facility located at 14711 Industrial Parkway in Marysville near Columbus. Delivered in 2024, the property is fully leased to seven tenants averaging 7,810 square feet. The facility features clear heights ranging from 24 to 26 feet, six dock doors, eight drive-in doors and a 120-foot truck court. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and Jonathan Schuen of Colliers represented the seller, Pioneer Development. The buyer was a local private investor.

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LoansMidwestMultifamilyOhioSeniors Housing

Greystone Provides $46M Refinancing for Seniors Housing Portfolio in Ohio

by Kristin Harlow

OHIO — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a two-property seniors housing portfolio in Ohio. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of Greystone originated the financing. The portfolio includes 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. The bridge loan enables the borrower to refinance the properties and position the assets for long-term, HUD-insured permanent financing.

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DevelopmentHospitalityMidwestOhio

PENN Entertainment to Open New 203-Room Hotel at Hollywood Casino Columbus on June 12

by Kristin Harlow

COLUMBUS, OHIO — PENN Entertainment Inc. (NASDAQ: PENN) is set to open the new hotel tower at Hollywood Casino Columbus on Friday, June 12, pending customary regulatory approvals. The 203-room, 150,000-square-foot hotel will feature 183 standard rooms and 20 luxury suites, a full-service restaurant named The Hill Eatery & Lounge, conference rooms, a fitness center and outdoor seating terrace. Guests will be able to book rooms beginning April 15. The hotel will add roughly 100 new jobs to the west side of Columbus. Grand opening celebrations will take place on June 12, highlighted by an outdoor festival and concert. In addition to the hotel, Hollywood Casino Columbus will also introduce an expanded high limit table games room in the second half of 2026, pending customary regulatory approvals. Operated by PENN Entertainment, Hollywood Casino Columbus is located off I-270 West. The 160,000-square-footgaming facility features slot machines, table games, a retail sportsbook and the largest poker room in Ohio, according to PENN. Dining options include The Lounge at Final Cut Steak & Seafood, The Sportsbook, Mikey’s Late-Night Slice, Dirty Frank’s Hot Dog Palace, Zen Noodle and Wahlburgers. The property also offers more than 16,000 square feet of multi-purpose banquet and event space.

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AcquisitionsMidwestOhioRetail

Matthews Arranges Sale of 55,946 SF Retail Property Near Columbus

by Kristin Harlow

REYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group. Matt Wallace served as broker of record. Positioned in the heart of the East Broad Street retail corridor, the property was 92 percent leased at the time of sale. Ross Dress for Less is the anchor tenant. Garner Group brought the asset to market as part of a capital recycling strategy after strengthening the rent roll through recent leasing activity. The undisclosed buyer plans to lease up the 4,209-square-foot vacancy.

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IndustrialLeasing ActivityMidwestOhio

MMR Group Signs 214,000 SF Industrial Lease in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — MMR Group Inc., an electrical specialty manufacturing and technical firm, has leased 2300 McGaw Road, a 214,000-square-foot industrial property in Columbus. The facility is situated near Rickenbacker International Airport and Norfolk Southern Intermodal as well as I-270, Route 317 and Route 23. Weston Devore and Jennifer Jordan of CBRE represented the tenant, while Philip Pelok, Shane Ellis and Jeff Lyons of CBRE represented the landlord, Minneapolis-based Founders Properties.

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DevelopmentMidwestMultifamilyOhioSeniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community Near Columbus

by Kristin Harlow

CANAL WINCHESTER, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Canal Winchester, a 120-unit affordable assisted living community rising four stories in Canal Winchester, about 12 miles southeast of downtown Columbus. Completion is slated for March 2027. The property will offer 67 studio and 53 one-bedroom apartments for seniors across a range of income levels, including those who qualify for Medicaid benefits. Gardant Management Solutions will operate the community, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging. A large commercial kitchen and dining room will serve three meals and snacks throughout the day. The community will feature a fitness room, beauty salon, game room, activity rooms, resident computer stations, a library, community rooms and lounges. Certified staff will be on site 24 hours per day, and the property will provide transportation to local stores and service providers. The Ohio Housing Finance Agency approved the project for 4 percent Low-Income Housing Tax Credits and issued tax-exempt private activity bonds to support the development. The bonds were underwritten and placed by D.A. Davidson. The project team …

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