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Leasing ActivityMidwestMultifamilyOhioRestaurantRetailStudent Housing

Bagels & Co. Signs 2,660 SF Retail Lease at Rambler Columbus Student Housing Property

by Kristin Harlow

COLUMBUS, OHIO — Bagels & Co. has signed a 2,660-square-foot retail lease at Rambler Columbus, a student housing property near The Ohio State University campus. The tenant will occupy space on the ground floor beginning in spring 2026. Known for its Brooklyn-style bagels, the café also serves La Colombe coffee, 25 varieties of cream cheese and a variety of breakfast and lunch offerings. Developed by LV Collective, Rambler Columbus opened this fall at 222 W. Lane Ave. Other retail tenants at the property include coffee shop Daydreamer and Victory Lap, an Ohio State-themed sports bar. Matt Stein and Matt Cooper of MSC represented both Bagels & Co. and LV Collective in the lease.

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DevelopmentIllinoisIndianaIndustrialMichiganMidwestOhioTop Stories

Stellantis to Invest $13B Over Next Four Years at Midwest Automobile Factories

by Kristin Harlow

AUBURN HILLS, MICH. — Automaker Stellantis (NYSE: STLA), parent company of brands including Jeep, Dodge and Ram, has unveiled plans to invest $13 billion over the next four years to grow its business in the U.S. market and increase its domestic manufacturing footprint. The investment, the largest in the company’s 100-year U.S. history, will support the introduction of five new vehicles across the brand portfolio; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. Stellantis says the investment will increase its annual finished vehicle production in the United States by 50 percent over current levels. The new product launches will be in addition to 19 refreshed products across all U.S. assembly plants and updated powertrains planned through 2029. In Illinois, Stellantis plans to invest more than $600 million to reopen the Belvidere Assembly Plant to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. Initial production launch is expected in 2027, and the company anticipates the creation of roughly 3,300 new jobs. With an investment of nearly $400 million, Stellantis plans to move assembly of an all-new midsize truck from Belvidere to the …

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AcquisitionsIndustrialMidwestOhio

CBRE Negotiates $9.4M Sale of Industrial Facility in Warren, Ohio

by Kristin Harlow

WARREN, OHIO — CBRE has negotiated the $9.4 million sale of a 94,000-square-foot industrial research and development facility in Warren, a city in eastern Ohio. CBRE’s Steve Timmel, Will Roberts and George Stevens represented the seller, Industrial Commercial Properties. An entity doing business as PG Warren Industrial LLC was the buyer. Built in 1998 and renovated in 2014, the building at 4551 Research Parkway features a clear height of 22 feet, 10 drive-in doors and a reinforced concrete foundation on an 11.9-acre site. The property was fully occupied by Aptiv at the time of sale and is part of the company’s broader Warren campus.

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Affordable HousingDevelopmentLoansMidwestMultifamilyOhio

Merchants Capital Secures $35.1M in Equity Financing for Affordable Housing Adaptive Reuse Project in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Merchants Capital has secured $35.1 million in tax credit equity financing for Lofts at 40 Long, a project involving the adaptive reuse of a vacant YMCA building in Columbus into affordable housing. Woda Cooper Cos. Inc. and IMPACT Community Action are co-developing the property. Merchants Capital secured $18.5 million in 4 percent low-income housing tax credit (LIHTC) equity, $11.4 million in federal historic tax credits and $5.2 million in Ohio LIHTC. Ohio Housing Finance Agency allocated the federal and state housing tax credits, and the National Park Service allocated the federal historic credits. Other funding sources included the city and county, as well as agency and private sources. The project will convert a vacant YMCA building into 121 apartment units, including one studio, 72 one-bedroom units, 38 two-bedroom units and 10 three-bedroom units. The residences will be restricted to families earning between 30 and 80 percent of the area median income. The project will include the demolition of the existing boarding rooms, restroom facilities and common spaces, except for the historic areas, which will be restored according to historic requirements. Common amenities will include a basketball court and indoor play area in the former gym area, indoor …

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AcquisitionsMidwestOfficeOhio

CBRE Arranges Sale of 21-Story Office Tower in Downtown Cleveland

by Kristin Harlow

CLEVELAND — CBRE has arranged the sale of 1100 Superior Avenue, a 21-story office tower totaling 576,500 square feet in downtown Cleveland. The sales price was $8.1 million, according to Crain’s Cleveland Business. Steve Timmel, Will Roberts, Jamie Dunford, Warren Blazy III and Eric Smith of CBRE represented the seller, LNR Partners LLC. Brady Sullivan Properties was the buyer. Built in 1972 and renovated in 2006 and 2013, the building features amenities such as a fitness center, tech hub, conference facilities, a café, public event center and 435-stall parking garage.

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AcquisitionsIndustrialMidwestOhio

SVN Summit Negotiates $2.7M Sale of Two-Building Industrial Property in Akron, Ohio

by Kristin Harlow

AKRON, OHIO — SVN Summit Commercial Real Estate Advisors has negotiated the $2.7 million sale of a two-building, multi-tenant industrial property at 555-557 E. Tallmadge Ave. in Akron. Graydon Fox of SVN Summit represented the seller, while Jerry Fiume of SVN Summit represented the buyer. Situated in the North Hill industrial corridor, the 68,369-square-foot property features convenient access to State Route 8. FedEx Ground is a longtime anchor tenant at the facility.

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Company NewsMidwestOhioTexasTop Stories

Fifth Third Bank Agrees to Acquire Comerica in $10.9B Transaction

by Taylor Williams

CINCINNATI AND DALLAS — Fifth Third Bancorp (Nasdaq: FITB) has entered into a merger agreement to acquire Comerica Inc. (NYSE: CMA) in a transaction valued at roughly $10.9 billion. Under the terms of the all-stock transaction, Comerica’s stockholders will receive approximately 1.86 shares of Fifth Third common stock for each Comerica share they own. That condition translates to a per-share price of $82.88, which was Fifth Third’s closing stock price on Oct. 3, the last business day before the deal was formally announced. The closing price also represents a 20 percent premium to Comerica’s 10-day volume-weighted average stock price. Upon closing, which is expected to occur at the end of the first quarter of 2026, Fifth Third shareholders will own approximately 73 percent of the combined company, and Comerica shareholders will own approximately 27 percent. According to Fifth Third and Comerica, the newly formed company will have about $288 billion in assets under management (AUM), making it the ninth-largest U.S. bank by that metric. In addition, the combined entity will operate in 17 of what company officials have described as “the 20 fastest-growing markets in the country, including key regions in the Southeast, Texas and California.” Company officials also anticipate …

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DevelopmentMidwestMultifamilyOhio

NRP Group Completes 316-Unit Luxury Apartment Development in Cleveland’s Scranton Peninsula

by Kristin Harlow

CLEVELAND — The NRP Group has completed The Collins, a 316-unit luxury apartment development on the Scranton Peninsula in Cleveland. The development transforms a long-underutilized waterfront site. Designed by BKV Group, the project spans more than 7 acres and comprises two five-story apartment buildings and three townhome buildings. Apartment units range from studios to three-bedroom layouts. Townhomes include private entry, rooftop balconies and two-car garages. Indoor amenities include a fitness center, resident clubhouse, conference room, private breakout pods and a pet spa. A fifth-floor lounge provides views of the Cuyahoga River and city skyline. Outdoor amenities include a resort-style pool, firepits, grilling stations and an event plaza. The development connects to the Towpath Trail, with free onsite bike rentals available for residents. Dollar Bank served as the construction lender. The Ohio Department of Development provided funds through its Brownfield Remediation and State Opportunity Zone Programs. The Ohio Water Development Authority provided gap financing as well. The City of Cleveland provided tax abatement and tax-increment financing. Monthly rents start around $1,505, according to the property’s website. Residents can earn two months of free rent by moving in prior to Nov. 1.

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AcquisitionsMidwestOfficeOhio

Cushman & Wakefield Brokers Sale of 170,000 SF Office Campus in New Albany, Ohio

by Kristin Harlow

NEW ALBANY, OHIO — Cushman & Wakefield has brokered the sale of a 170,000-square-foot office campus located at 8111 Smith’s Mill Road in New Albany near Columbus. EOG Resources Inc., one of the largest crude oil and natural gas exploration and production companies in the United States, was the buyer. The campus will house EOG Resources’ new Columbus division, adding support for the company’s Utica Shale asset development close to its operations in the region. The LEED Gold-certified building offers office, training and lab facilities along with modern amenities. Randy Stephens and W. Allan Meadors of Cushman & Wakefield represented EOG Resources in the transaction. The company plans to open the new office later this year.

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AcquisitionsIllinoisIndustrialMidwestOhio

Investcorp Completes Disposition of Midwest Industrial Portfolio for $365M

by Kristin Harlow

CHICAGO, CLEVELAND, CINCINNATI AND COLUMBUS — Investcorp has sold a portfolio of Midwest industrial properties for $365 million. The assets total approximately 3.5 million square feet and are located within metro Chicago, Cleveland, Cincinnati and Columbus. The portfolio includes a group of 23 light industrial facilities spanning more than 2 million square feet across Columbus, Cincinnati and Cleveland as well as an eight-building, 1 million-square-foot industrial park located three miles from the Chicago O’Hare International Airport and a 434,000-square-foot distribution facility in metro Cleveland.

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