UNION, OHIO — Scannell Properties has selected Peak Construction Corp. to build Interstate Aviation Hub in Union near Dayton. The 305,480-square-foot speculative industrial building will feature a clear height of 36 feet, 34 docks, two drive-in doors, 2,755 square feet of office space and parking for 130 cars and 83 trailers. The project team includes architect Ware Malcomb and civil engineer Arcadis. Completion is slated for the second quarter of 2027.
PATASKALA, OHIO — Associated Bank has provided a nearly $7 million loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building in Pataskala, about 20 miles west of Columbus. The property, completed in 2022 and leased to Thayer Power & Communication, is situated on 20 acres that includes 7 acres of outdoor parking. Transport Properties and GFH Partners own and manage the property. Transport Properties specializes in developing and enhancing industrial outdoor storage properties. GFH Partners is a global real estate asset manager and a subsidiary of the investment bank GFH Financial Group. Elizabeth Hozian of Associated Bank managed the loan arrangements and closing.
COLUMBUS, OHIO — Caddell Construction has opened a new corporate office in Columbus within Grandview Yard. Despite launching its first corporate office in the state, the company is not new to Ohio — its first job dates back to 1989. The move comes as Caddell continues to experience significant growth across Ohio and the Midwest, driven by increasing demand for mission-critical, advanced manufacturing, education and complex commercial projects. Vice President Justin Spafford will lead the Columbus office, which features gathering spaces at the front of the building. The expansion is supported by Caddell executive and longtime Columbus construction leader Bob Cunningham, who joined Caddell in early 2025. Alabama-based Caddell is a full-service general contractor with more than $24 billion in projects across 38 countries.
ROCKY RIVER, OHIO — JLL Capital Markets has arranged the $28.2 million sale of Westwood Town Center, a shopping center in Rocky River near Cleveland. Built in 1988, the property totals 226,155 square feet. Anchor tenants include Home Depot, which accounts for 30 percent of income and recently extended its lease, and Marc’s, a regional grocer that accounts for 25 percent of income. Additional tenants include AMC Theatres, which operates the only six-screen theater within a five-mile radius, Dollar Tree, FedEx and Third Federal Savings & Loan. The center is currently 95 percent occupied. Michael Nieder and Brian Page of JLL represented the seller, Zeisler Morgan Properties. The buyer was KPR Centers.
CINCINNATI AND PITTSBURGH — The Kroger Co. and Giant Eagle Inc. have entered into a definitive agreement under which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer based in Pittsburgh with 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Cincinnati-based Kroger’s board of directors. The purchase price of $1.65 billion is comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities. The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.
GAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Joel Yakovac, Shane Woloshan and Michael Linder of Colliers represented the seller, a venture between Scannell Properties and Manulife Investment Management, a company of Manulife Wealth & Asset Management. Eastgate Logistics Center is fully leased to Wesco and Nuvik USA. The property features a clear height of 32 feet, 30 dock doors and direct access to I-70 and I-71. Dogwood Industrial Properties, a TPG Real Estate platform, was the buyer.
COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.
DAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center. The asset is comprised of a 155,000-square-foot main building with 40,000 square feet of office space, six docks, four drive-in doors and heavy crane infrastructure. The property also includes a standalone 5,000-square-foot building. Both structures offer clear heights of 18 feet. Construction upgrades are slated to begin immediately, and ownership is actively marketing the space for lease.
KETTERING, OHIO — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 250-unit multifamily property in Kettering, an inner suburb of Dayton. Joshua Bernard arranged the loan through a life insurance company on behalf of the borrower, Fox Hunt Owner LLC.
COMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus. The 1.2 million-square-foot speculative building will feature a clear height of 40 feet, 60 dock doors and four drive-in doors. The development marks Scannell’s ninth in the central Ohio region. Completion is slated for April 2027. Joel Yakovac of Colliers is handling leasing.
