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.
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.
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.
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.
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.
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.
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.
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 …
COLUMBUS, OHIO — Nationwide Realty Investors has unveiled plans to redevelop the 18-story office tower at 280 High, formerly known as Two Nationwide Plaza, in downtown Columbus. In celebration of Nationwide’s 100-year anniversary, the building will be renamed The Centennial on High. Residential plans call for 148 upscale units across 15 floors, including a newly created penthouse level. Each residential floor will feature five balcony-adorned units. Amenities will include a fitness center, lounge, clubroom and a courtyard along High Street positioned 15 feet below plaza level. The project will also preserve and enhance the building’s office component, with approximately 75,000 square feet of dedicated office space. Anchor tenants include Carpenter Lipps LLP and the Ohio Farm Bureau. Nationwide began 100 years ago as the Farm Bureau Mutual Automobile Insurance Co. serving Ohio farmers. The commercial spaces are operational today, and Nationwide Realty Investors anticipates completing the first residences by mid-2027.
KETTERING, OHIO — Industrial Commercial Properties (ICP) has acquired the remaining 134 acres of developable land at Miami Valley Research Park in Kettering near Dayton. ICP already owns Sixth River, a five-building office asset, and 3909 Research Boulevard, a light industrial facility, within Miami Valley Research Park. ICP’s long-term vision for the park has already included strategic enhancements. The firm partnered with Vision Cos. for a new market-rate apartment community. ICP is engaging with corporate users, brokers and economic development partners for the next phase of development within the park.
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