Thursday, November 12, 2026
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DevelopmentIndustrialLoansMidwestOhio

JLL Arranges $155M Construction Loan for Buckeye Yards Industrial Development in Columbus

by Kristin Harlow

COLUMBUS, OHIO — JLL Capital Markets has arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1.8 million square feet in Columbus. The project is being developed on a former rail yard site west of downtown Columbus. The first phase of the master-planned development will encompass 153 acres of logistics and distribution space. Danny Kaufman, Lucas Borges, Brian Walsh, Michael Gurwin and Emma Berner of JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through Oxford Properties. Buckeye Yards is the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus. Upon completion, the first phase will feature four buildings ranging from approximately 205,000 square feet to more than 910,000 square feet. The development will include both rear-load and cross-dock configurations, clear heights ranging from 36 to 40 feet, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will benefit from a 10-year tax abatement structure.

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Company NewsDevelopmentIndustrialMidwestOhioTop Stories

Honda to Invest $3B in Vehicle Assembly Plant in Marysville, Ohio, Create 2,000 Jobs

by Abby Cox

MARYSVILLE, OHIO — American Honda Motor Co. plans to invest $3 billion to build a new vehicle assembly plant in Marysville, a suburb of Columbus. The automaker said in a statement that construction of the new facility, which will be located near its existing East Liberty Auto Plant and Marysville Auto Plant, is anticipated to begin in January 2027. Honda expects the production facility to be fully operational by 2029 and to ultimately employ more than 2,000 people. “By expanding our comprehensive R&D [research and development] and manufacturing capabilities, we will be better positioned to serve our customers and contribute to the economic vitality of the communities where we operate,” says Bob Nelson, executive vice president of American Honda Motor Co., the Japanese automaker’s American U.S. affiliate. The new facility will have the capacity to produce approximately 240,000 vehicles annually, including traditional vehicles with internal combustion engines, all-electric vehicles and hybrid models. The plant is also anticipated to increase Honda’s light-duty vehicle capacity to 1.3 million units annually in the United States. The company currently has 12 manufacturing plants in the country, eight of which produce engines or light-duty vehicles for the auto industry. The new Ohio plant and projects underway …

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Affordable HousingDevelopmentMidwestMultifamilyOhioSeniors Housing

Jonathan Rose, COF to Undertake $32.8M Rehabilitation of Ohio Seniors Housing Community

by Kristin Harlow

ASHTABULA, OHIO — Jonathan Rose Cos. and Community Opportunity Fund (COF) have unveiled plans for a $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable seniors housing community in Ashtabula. The property was developed in the 1970s. the renovation will address building systems, resident amenities and in-unit improvements. The project will preserve access to affordable housing for households earning up to 60 percent of the area median income, while existing Section 8 affordability commitments will be extended for an additional 20 years. KeyBank Community Development Lending and Investment is serving as both investor and permanent lender, with additional financing provided through tax-exempt bonds issued by the Ashtabula City Port Authority and tax credits allocated by the Ohio Finance Agency. COF secured a $3.9 million Community Project Funding grant, which will fund upgrades to the building’s heating and cooling systems.

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AcquisitionsIowaMidwestOhioRetail

United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4M

by Kristin Harlow

DAVENPORT, IOWA AND MANSFIELD, OHIO — United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet. Village Shopping Center in Davenport totals 233,100 square feet. The sales price was $23.9 million. Anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus, the property is 91 percent occupied. Appleseed Center in Mansfield totals 147,254 square feet. The purchase price was $10.5 million. Anchor tenants at the property include Ollie’s Bargain Outlet, Ace Hardware and Dollar Tree.

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DevelopmentIndustrialMidwestOhio

CRG Breaks Ground on Two Industrial Buildings Totaling 911,040 SF Near Columbus

by Kristin Harlow

ETNA, OHIO — CRG has broken ground on two Class A industrial buildings totaling 911,040 square feet at The Cubes at Etna, a 305-acre master-planned industrial park in Etna, about 20 miles southeast of downtown Columbus. Spanning 750,120 square feet, Building B is fully leased to Omega Morgan, a specialized transportation, heavy rigging and machinery moving services company that already occupies Building D and is expanding its presence at the park. the second new property, Building C, measures 160,920 square feet and is being developed on a speculative basis. Both buildings are slated for completion in 2027, with Building C expected to deliver in the summer. Located near I-70, Buildings B and C are supported by a 15-year, 100 percent tax abatement. Building B will feature a clear height of 40 feet, 141 dock doors, four drive-in doors, 185-foot truck courts, 50-by-54-foot column spacing, 4,00-amp power service, 397 vehicle parking spaces and 219 trailer parking stalls. Building C will feature a clear height of 32 feet, 30 dock doors, two drive-in doors, a 185-foot truck court, 50-by-54-foot column spacing, 60-foot speed bay, 174 vehicle parking spaces and 63 trailer parking stalls. Both buildings are being developed in partnership with an …

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AcquisitionsIndustrialMidwestOhio

CBRE Arranges $8M Sale of Flex Industrial Property in Southwest Ohio

by Kristin Harlow

WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer represented the seller. At the time of sale, the property was fully occupied by five tenants with an average tenure of nearly 10 years. Built in 2007, the facility features eight docks, one drive-in door and a clear height of 19 feet.

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AcquisitionsIndustrialMidwestOhio

Colliers Negotiates Sales of Two Ohio Industrial Buildings Totaling 404,088 SF

by Kristin Harlow

CANAL WINCHESTER AND COMMERCIAL POINT, OHIO — Colliers has negotiated the sales of two Class A industrial facilities totaling 404,088 square feet in metro Columbus. The properties, located at 10013 Busey Road in Canal Winchester and 161 Kenmore Blvd. in Commercial Point, were both developed by Tenby Partners in 2023. Private investors acquired the assets in separate transactions. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and Jonathan Schuen of Colliers represented Tenby in the sales. The building in Canal Winchester totals 209,656 square feet and features a clear height of 32 feet, 15 dock doors, three drive-in doors, 14,014 square feet of office space and 210 auto parking spaces across a 12-acre site. The facility is fully leased to three tenants operating in third-party logistics, healthcare and steel distribution. Rickenbacker Exchange at Commercial Point spans 194,432 square feet and features clear heights ranging from 32 to 34 feet, 18 dock doors, two drive-in doors and 192 auto parking spaces across a 15.3-acre site. The facility is fully leased to ServeOne America and Fasteners.

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AcquisitionsMidwestOhioRetail

Cooper Group Brokers $7M Sale of Springdale Town Center in Cincinnati

by Kristin Harlow

CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.

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Leasing ActivityMidwestOhioRetail

MINISO LAND Opens at Easton Town Center in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — MINISO LAND has opened at Easton Town Center in Columbus. MINISO is a global lifestyle retailer offering a selection of toys, plushies, collectibles, stationery, beauty essentials, home goods, fragrances, electronics and snacks. The new store is located inside the Easton Station Building. Expanding on the traditional MINISO store format, MINISO LAND offers a more immersive shopping experience with a greater emphasis on collectibles, character-driven merchandise and popular brand collaborations.

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AcquisitionsIndustrialMidwestOhio

JLL Arranges Sale of 825,322 SF Industrial Portfolio in Metro Columbus

by Kristin Harlow

CANAL WINCHESTER, OHIO — JLL Capital Markets has arranged the sale of Canal Pointe Industrial Park, an 825,322-square-foot industrial portfolio in Canal Winchester near Columbus. Delivered in 2023, the property consists of two distribution facilities, including a 450,696-square-foot cross-dock facility and a 374,626-square-foot rear-load building. Both feature clear heights of 36 feet, ESFR fire protection systems, LED lighting, modern loading configurations and substantial parking for trailers and passenger vehicles. The portfolio is fully leased to three tenants operating in the logistics and electrical distribution industries. A global transportation and logistics provider occupies more than 80 percent of the portfolio’s rentable area. Ed Halaburt, Kurt Sarbaugh, Sean Devaney and Ross Bratcher of JLL represented the seller.

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