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AcquisitionsMidwestMultifamilyOhio

Reynolds Asset Management Acquires 724-Unit Multifamily Community in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Reynolds Asset Management, in partnership with Triangle Capital Group, has acquired Edgewater Landing, a 724-unit multifamily community in Columbus. The transaction marks the firm’s sixth acquisition in Ohio. Reynolds plans to invest more than $15 million in improvements to the property, which is located at 4592 Channing Terrace. The capital improvement program will focus on curb appeal, roofing, building systems, electrical and mechanical upgrades as well as interior renovations. George Skaff and Carter Stephens of Newmark represented the undisclosed seller.

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AcquisitionsMidwestOfficeOhio

CBRE Arranges Sale of Two Office Buildings in Columbus, Ohio for $17.5M

by Kristin Harlow

COLUMBUS, OHIO — CBRE has arranged the sale of One Easton Oval and Two Easton Oval, two Class A office buildings totaling 252,500 square feet in Columbus. IMC Management LLC purchased the assets for $17.5 million. CBRE’s Steve Timmel, Will Roberts, Collin Wheeler and Aaron Duncan represented the undisclosed seller. Wheeler and Duncan will handle marketing and leasing efforts. Originally built in 1995 and 1998, the buildings are located within the Easton Oval Office development, a master-planned business park adjacent to Easton Town Center. The properties were 60 percent occupied at the time of sale.

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AcquisitionsMidwestMultifamilyOhio

Marcus & Millichap Negotiates $2.9M Sale of Multifamily Property in Paulding, Ohio

by Kristin Harlow

PAULDING, OHIO — Marcus & Millichap has negotiated the $2.9 million sale of Whispering Pines, a 48-unit multifamily property in Paulding, about 64 miles southwest of Toledo. All but one of the units are two-bedroom floor plans. The property also includes 67 self-storage units. Teddy Kenny, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Covington Properties LLC, and procured the buyer, Colarusso Properties LLC. The buyer plans to implement professional third-party property management and complete a value-add strategy by renovating unit interiors and improving operations at the property, which was built in 1989.

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IndustrialLoansMidwestOhio

Affinius Capital Provides $76.3M Acquisition Loan for 1.3 MSF Warehouse Near Columbus

by Kristin Harlow

MARYSVILLE, OHIO — Affinius Capital LLC has provided a $76.3 million loan to finance the acquisition of Scotts Midwest Distribution Center, a 1.3 million-square-foot warehouse and distribution facility in the Columbus suburb of Marysville. Ryan Kieser of CBRE arranged the loan on behalf of the borrower, Sculptor Real Estate. Developed in 2023 by Crawford Hoying as a build-to-suit for The Scotts Co., the property features cross-dock configuration, a clear height of 40 feet, 120 dock doors, four drive-in doors and 388 parking spaces. The facility is leased to The Scotts Co., a subsidiary of The Scotts Miracle-Gro. The property serves as the primary distribution hub for the tenant and is located less than two miles from its main manufacturing facility and global headquarters.

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AcquisitionsIndustrialMidwestOhio

CBRE Arranges $18.7M Sale of Two Industrial Properties in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — CBRE has arranged the sale of two industrial buildings totaling 86,389 square feet in Columbus for $18.7 million. The properties are fully leased to nine tenants and feature clear heights of 22 feet. CBRE’s Kevin Foley, Austin Wolitarsky, Matt Harris and Matt Pourcho represented the buyer, a high-net-worth 1031 exchange investor from California. Tenby Partners was the seller.

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AcquisitionsCompany NewsHealthcareIllinoisMidwestOhioTop Stories

Welltower to Sell 18 MSF Outpatient Medical Portfolio to Remedy Medical, Kayne Anderson for $7.2B

by John Nelson

TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has announced that the Toledo-based REIT is exiting the outpatient medical property management business following a portfolio sale to Remedy Medical Properties and Kayne Anderson Real Estate. The portfolio comprises approximately 18 million square feet of outpatient medical facilities across 296 properties in 34 states. Welltower says that the transaction will total $7.2 billion and will be completed in tranches through mid-2026, with the first tranche selling for $2 billion. This acquisition establishes the Remedy Medical and Kayne Anderson Real Estate partnership as the nation’s largest owner of outpatient medical buildings, with more than 52.4 million square feet across approximately 1,104 properties in 44 states. “This acquisition reinforces our position as leading institutional investors in the outpatient healthcare sector and underscores our long-standing, successful partnership with Remedy,” says Al Rabil, CEO of Boca Raton, Fla.-based Kayne Anderson. “We remain focused on building upon our history of delivering superior risk-adjusted returns for investors, while advancing the delivery of high-quality healthcare across the country.” Remedy Medical is assuming all operational responsibilities from Welltower, including property management and leasing functions. The portfolio was 94 percent occupied at the time of the acquisition announcement. Welltower will retain a …

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MidwestOhio

Huntington Construction Expands Operations to Ohio

by Kristin Harlow

COLUMBUS, OHIO — Huntington Construction, a Michigan-based full-service commercial construction company, has expanded its operations to Ohio, including the Cleveland, Cincinnati, Columbus, Dayton and Toledo markets. Huntington has completed thousands of projects for government, commercial, retail, student housing, seniors housing and healthcare for more than 45 years. The firm offers tenant build-out services, historic preservation and adaptive reuse expertise, new construction opportunities and renovation capabilities. The company also maintains an office in Chicago.

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Company NewsMidwestMississippiOhioSoutheastTexasTop Stories

Huntington Bancshares Agrees to Acquire Cadence Bank for $7.4B

by Taylor Williams

COLUMBUS, OHIO — Columbus, Ohio-based Huntington Bancshares Inc. (NASDAQ: HBAN) has entered into an agreement to acquire Cadence Bank (NYSE: CADE), which has headquarters in Houston and Tupelo, Miss., in an all-stock merger of regional banks that is valued at $7.4 billion. Under the terms of the agreement, Huntington will issue 2.475 shares of common stock for each outstanding share of Cadence common stock. Based on Huntington’s closing price of $16.07 per share on October 24, the last full day of trading before the deal was announced, the consideration implies a purchase price of $39.77 per share. Following the closing, which is expected to occur in the first quarter of 2026, Cadence Bank teams and branches will operate under the Huntington Bank name and brand. Cadence currently has about 390 locations across Texas and the surrounding Southern United States, and the new banking entity will have about $276 billion in assets under management. “This is an important next phase of growth for Huntington,” says Steve Steinour, chairman, president and CEO of Huntington Bancshares. “This partnership will extend the reach of our full franchise to 21 states and into new, high-growth markets for which we have a powerful playbook. Today’s announcement …

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AcquisitionsMidwestMinnesotaOhio

New Perspective Acquires Three Seniors Housing Properties in Minnesota, Ohio

by Kristin Harlow

LAKE ELMO, MINN. AND LAKEWOOD, OHIO — New Perspective has acquired three senior living communities in metro Twin Cities and Cleveland areas. The properties include New Perspective Lake Elmo, The Fields by New Perspective — a neighboring independent living community — and Haven of Lakewood. New Perspective Lake Elmo offers assisted living and memory care. Haven of Lakewood, which offers assisted living, grows New Perspective’s portfolio to five locations in Ohio.

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Leasing ActivityMidwestOfficeOhio

CBRE Signs 19,500 SF Lease to Relocate Columbus, Ohio Office

by Kristin Harlow

COLUMBUS, OHIO — CBRE has signed a 19,500-square-foot lease at 10 W. Nationwide Boulevard, a trophy office building within the Arena District in downtown Columbus owned and developed by Nationwide Realty Investors. The firm will relocate form 200 Civic Center Drive in summer 2026. The new office on the fifth floor is part of CBRE’s Workplace360 program, which includes innovative technology and a variety of collaborative spaces designed to support hybrid working. Brandon Ellis and David Morgan represented CBRE on an internal basis. CBRE has also been named the leasing agent for 10 W. Nationwide Boulevard, which rises five stories and totals 200,000 square feet. Designed by Ohio-based architectural firm Lupton Rausch, the building features an outdoor area that connects to parking areas and nearby amenities. The lobby and first-floor amenity space are being updated to include refreshed conference rooms and a café with indoor and outdoor seating.

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