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.
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.
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.
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.
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.
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.
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.
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.
DUBLIN, OHIO — Woodside Health has acquired Dublin Corners, a three-building retail and medical property located at 5833-5885 Frantz Road in the Columbus suburb of Dublin. The property spans approximately 22,950 leasable square feet on 3.7 acres and is currently fully leased to a mix of tenants in the healthcare, wellness and retail services. A local developer was the seller. Cleveland-based Woodside Health is a private equity firm that invests in healthcare real estate.
HEATH, OHIO — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a newly constructed retail property occupied by Firestone in Heath, about 30 miles east of Columbus. Built in 2025, the property features a 15-year, triple-net corporate-guaranteed lease that includes 5 percent rent increases every five years in the initial term. The asset sold at 98 percent of the list price to an all-cash buyer completing a 1031 exchange. The seller was a preferred developer for Firestone. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the transaction. “This Firestone closing highlights the growing presence of higher-price-point 1031 exchange and private buyers in the net-lease market, driven by recent interest rate cuts and increased economic stability. We anticipate the buyer pool to continue to expand into 2026 as conditions improve and more capital re-enters the market,” says McMinn.
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