Ohio Archives - REBusinessOnline

Boulder Group Brokers $2.3M Sale of Dollar General-Occupied Retail Property in Kent, Ohio

Kristin Harlow — Wed, 14 Jan 2026 14:17:33 +0000

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.

The post Boulder Group Brokers $2.3M Sale of Dollar General-Occupied Retail Property in Kent, Ohio appeared first on REBusinessOnline.

Five Retailers Open New Stores at Easton Town Center in Columbus, Ohio

Kristin Harlow — Fri, 09 Jan 2026 13:52:52 +0000

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.

The post Five Retailers Open New Stores at Easton Town Center in Columbus, Ohio appeared first on REBusinessOnline.

ICP Acquires 408,000 SF Former True Value Hardware Distribution Facility in Westlake, Ohio

Kristin Harlow — Tue, 23 Dec 2025 14:43:07 +0000

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.

The post ICP Acquires 408,000 SF Former True Value Hardware Distribution Facility in Westlake, Ohio appeared first on REBusinessOnline.

Cooper Group Negotiates $3.1M Sale of Retail Center in Toledo, Ohio

Kristin Harlow — Tue, 23 Dec 2025 14:41:12 +0000

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.

The post Cooper Group Negotiates $3.1M Sale of Retail Center in Toledo, Ohio appeared first on REBusinessOnline.

W. P. Carey Completes Sale-Leaseback of 66,000 SF Food Processing Facility in Ohio

Kristin Harlow — Mon, 15 Dec 2025 14:38:32 +0000

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.

The post W. P. Carey Completes Sale-Leaseback of 66,000 SF Food Processing Facility in Ohio appeared first on REBusinessOnline.

Woodside Health Acquires 22,950 SF Dublin Corners Retail Property in Metro Columbus

Kristin Harlow — Wed, 10 Dec 2025 13:50:29 +0000

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.

The post Woodside Health Acquires 22,950 SF Dublin Corners Retail Property in Metro Columbus appeared first on REBusinessOnline.

Marcus & Millichap Brokers Sale of Firestone-Occupied Retail Property in Heath, Ohio

Kristin Harlow — Tue, 09 Dec 2025 13:50:00 +0000

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.

The post Marcus & Millichap Brokers Sale of Firestone-Occupied Retail Property in Heath, Ohio appeared first on REBusinessOnline.

American Signature Furniture Files for Chapter 11 Bankruptcy

Kristin Harlow — Wed, 03 Dec 2025 15:21:05 +0000

COLUMBUS, OHIO — Home furnishings retailer American Signature Inc. (ASI) has filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware. Founded in 1948, Columbus-based ASI is the parent company to Value City Furniture and American Signature Furniture, which operate more than 120 stores across 17 states. ASI expects to enter into a stalking horse asset purchase agreement under which, subject to court approval, ASI Purchaser LLC will acquire substantially all of the company’s assets and assume certain related liabilities. As part of the proceedings, the company also plans to lay off roughly 326 employees and close its Columbus headquarters. Value City Furniture and American Signature Furniture stores and websites are expected to remain open and will continue to fulfill customer orders and provide ongoing customer service throughout the court-supervised process. Prior to the Chapter 11 filing, certain Value City Furniture and American Signature Furniture stores commenced store closing sales and are offering deep discounts while merchandise lasts. ASI has secured approximately $50 million in debtor-in-possession financing from Second Avenue Capital Partners LLC. Subject to court approval, this financing will support certain operations and the company’s efforts to maximize value through the Chapter 11 cases…

The post American Signature Furniture Files for Chapter 11 Bankruptcy appeared first on REBusinessOnline.

CBRE Negotiates Sale of 182,700 SF Office Building in Downtown Cincinnati

Kristin Harlow — Wed, 03 Dec 2025 15:18:15 +0000

CINCINNATI — CBRE has negotiated the sale of the Sawyer Point Building, a 182,700-square-foot office building in Cincinnati’s central business district. Matrix Holdings LLC purchased the property from Colonial Life & Accident Insurance Co. CBRE’s Steve Timmel, Will Roberts, John Eckert and Travis Likes represented the seller. Building amenities include a rooftop deck, two-story atrium, fitness center, conference center, electric vehicle charging stations, a self-service Company Kitchen market and a 100-stall, underground parking garage. Originally built in 1916, the four-story property was converted into office use in 2001 and underwent renovations from 2020 to 2024.

The post CBRE Negotiates Sale of 182,700 SF Office Building in Downtown Cincinnati appeared first on REBusinessOnline.

Real Capital Solutions Acquires First Financial Center in Cincinnati for $59M

Kristin Harlow — Tue, 02 Dec 2025 14:26:56 +0000

CINCINNATI — Real Capital Solutions (RCS) has acquired First Financial Center, a 31-story office tower located at 255 E. Fifth St. in downtown Cincinnati, for $59 million. The 551,836-square-foot property includes 523,213 square feet of office space and 28,623 square feet of retail space. The acquisition also includes a seven-story, 1,233-space parking garage. First Financial Center is 91.7 percent leased to 17 tenants, including three headquarters users that collectively occupy 65 percent of the building’s leased space. Those include First Financial Bank, Dinsmore & Shohl LLP and Chemed Corp., which recently signed a 10-year renewal. More than 75 percent of the leased space is occupied by financial and legal services firms. The acquisition price represents a discount of more than 75 percent to estimated replacement cost.

The post Real Capital Solutions Acquires First Financial Center in Cincinnati for $59M appeared first on REBusinessOnline.

Merchants Capital Secures $152.3M in Financing for Affordable Housing Project Near Columbus, Ohio

Kristin Harlow — Mon, 24 Nov 2025 14:06:47 +0000

WHITEHALL, OHIO — Merchants Capital has secured $152.3 million in total financing for The Aries Lofts, a 315-unit affordable housing community in Whitehall developed by LDG Development LLC. Merchants Capital secured a $42.7 million Freddie Mac Forward TEL permanent loan, a $60 million tax-exempt construction loan and an $8 million equity bridge loan provided by Merchants Bank. As the syndicator, Merchants Capital provided $41.6 million in 4 percent low-income housing tax credit equity. LDG Development received Brownfield Remediation Funds from the Ohio Department of Development for environmental remediation of the project site, formerly the Wirthman Brothers Junkyard. The City of Whitehall awarded a 15-year payment in lieu of taxes agreement, granting a Community Reinvestment Area tax exemption. The Franklin County Economic Development & Planning Department also awarded a grant. Additional project financing included a bridge loan from The Affordable Housing Trust for Columbus and Franklin County as well as a partnership through a capital lease with the Columbus-Franklin County Finance Authority. Upon completion, The Aries Lofts will set aside 66 units for families earning 50 percent of the area median income (AMI), 183 units at 60 percent AMI and 66 units at 70 percent AMI. The project will feature one-,…

The post Merchants Capital Secures $152.3M in Financing for Affordable Housing Project Near Columbus, Ohio appeared first on REBusinessOnline.

Midwest Office Markets Face Mounting Pressure

Kristin Harlow — Thu, 20 Nov 2025 13:30:00 +0000

By David Goldfisher, The Henley Group Secondary and tertiary office markets across the Midwest, including Chicago, Minneapolis, Madison, Milwaukee, Cleveland, Cincinnati, Columbus and St. Louis, are facing mounting pressure. While each city has its own challenges, a common theme is clear — vacancies remain high and liquidity is thin. Tenant shuffling One of the defining dynamics today is tenant reshuffling rather than net growth. As leases expire, employers frequently move from one building to another, seeking modernized space and stronger amenities. Renovating in place is disruptive and costly, while relocating allows businesses to upgrade with minimal operational downtime. This “musical chairs” effect highlights a deeper structural issue. There are only so many large anchor tenants in Midwest cities and few new entrants are seeking major blocks of space. There is more repositioning for existing tenants than attracting new ones. Flight to quality Landlords and developers are competing to deliver amenities that encourage office attendance and support talent retention. Modernized lobbies, tenant lounges and flexible collaboration areas have become standard expectations. Hines’ upgrades at Chicago’s 333 West Wacker Drive and 601W Cos.’ reinvestment in the Old Post Office demonstrate the scale of investment required. But not all landlords can compete. With…

The post Midwest Office Markets Face Mounting Pressure appeared first on REBusinessOnline.

Stonemont Financial Group Secures 450,112 SF Lease at Westfield Commerce Park in Ohio

Kristin Harlow — Thu, 13 Nov 2025 14:19:58 +0000

WESTFIELD TOWNSHIP, OHIO — Stonemont Financial Group has completed the lease-up of Westfield Commerce Park in Westfield Township near Akron following a full-building lease with B’Laster Holdings. The tenant, a specialty chemical manufacturer headquartered in Valley View, Ohio, has extended its lease to occupy the entire 450,112-square-foot speculative facility. Completed in June 2023, Westfield Commerce Park features a clear height of 36 feet, cross-dock configuration, 500 car parking spaces and 130 trailer stalls. Stonemont served as the developer and owner of the project, with Pinnacle Bank and PCCP serving as debt and capital partners. Joe Messina and David Stecker of JLL handled leasing and represented Stonemont, which has developed more than 3.5 million square feet of industrial space across Ohio.

The post Stonemont Financial Group Secures 450,112 SF Lease at Westfield Commerce Park in Ohio appeared first on REBusinessOnline.

Dick’s House of Sport Opens 100,000 SF Store at SouthPark Mall Near Cleveland

Kristin Harlow — Wed, 12 Nov 2025 14:53:29 +0000

STRONGSVILLE, OHIO — Dick’s House of Sport has opened at SouthPark Mall in Strongsville, marking the first location of the retailer’s experiential concept in greater Cleveland. The two-level, 100,000-square-foot store transforms the former Sears anchor space into a destination for sports enthusiasts. Dick’s House of Sport offers customers the opportunity to try, practice and play in-store. The location features a rock-climbing wall, outdoor field, batting cages and golf simulators. Attached to the store is a field that will be used for open play, clinics, league space and as an ice rink in winter months. Dick’s Sporting Goods relocated from its former 55,000-square-foot location within the center. Owner Spinoso Real Estate Group acquired SouthPark Mall in 2021.

The post Dick’s House of Sport Opens 100,000 SF Store at SouthPark Mall Near Cleveland appeared first on REBusinessOnline.

Reynolds Asset Management Acquires 724-Unit Multifamily Community in Columbus, Ohio

Kristin Harlow — Fri, 07 Nov 2025 14:26:13 +0000

COLUMBUS, OHIO — Reynolds Asset Management, in partnership with Triangle Capital Group, has acquired Edgewater Landing, a 724-unit multifamily community in Columbus. The transaction marks the firm’s sixth acquisition in Ohio. Reynolds plans to invest more than $15 million in improvements to the property, which is located at 4592 Channing Terrace. The capital improvement program will focus on curb appeal, roofing, building systems, electrical and mechanical upgrades as well as interior renovations. George Skaff and Carter Stephens of Newmark represented the undisclosed seller.

The post Reynolds Asset Management Acquires 724-Unit Multifamily Community in Columbus, Ohio appeared first on REBusinessOnline.

CBRE Arranges Sale of Two Office Buildings in Columbus, Ohio for $17.5M

Kristin Harlow — Fri, 07 Nov 2025 14:24:48 +0000

COLUMBUS, OHIO — CBRE has arranged the sale of One Easton Oval and Two Easton Oval, two Class A office buildings totaling 252,500 square feet in Columbus. IMC Management LLC purchased the assets for $17.5 million. CBRE’s Steve Timmel, Will Roberts, Collin Wheeler and Aaron Duncan represented the undisclosed seller. Wheeler and Duncan will handle marketing and leasing efforts. Originally built in 1995 and 1998, the buildings are located within the Easton Oval Office development, a master-planned business park adjacent to Easton Town Center. The properties were 60 percent occupied at the time of sale.

The post CBRE Arranges Sale of Two Office Buildings in Columbus, Ohio for $17.5M appeared first on REBusinessOnline.

Marcus & Millichap Negotiates $2.9M Sale of Multifamily Property in Paulding, Ohio

Kristin Harlow — Fri, 31 Oct 2025 13:51:00 +0000

PAULDING, OHIO — Marcus & Millichap has negotiated the $2.9 million sale of Whispering Pines, a 48-unit multifamily property in Paulding, about 64 miles southwest of Toledo. All but one of the units are two-bedroom floor plans. The property also includes 67 self-storage units. Teddy Kenny, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Covington Properties LLC, and procured the buyer, Colarusso Properties LLC. The buyer plans to implement professional third-party property management and complete a value-add strategy by renovating unit interiors and improving operations at the property, which was built in 1989.

The post Marcus & Millichap Negotiates $2.9M Sale of Multifamily Property in Paulding, Ohio appeared first on REBusinessOnline.

Affinius Capital Provides $76.3M Acquisition Loan for 1.3 MSF Warehouse Near Columbus

Kristin Harlow — Wed, 29 Oct 2025 13:51:38 +0000

MARYSVILLE, OHIO — Affinius Capital LLC has provided a $76.3 million loan to finance the acquisition of Scotts Midwest Distribution Center, a 1.3 million-square-foot warehouse and distribution facility in the Columbus suburb of Marysville. Ryan Kieser of CBRE arranged the loan on behalf of the borrower, Sculptor Real Estate. Developed in 2023 by Crawford Hoying as a build-to-suit for The Scotts Co., the property features cross-dock configuration, a clear height of 40 feet, 120 dock doors, four drive-in doors and 388 parking spaces. The facility is leased to The Scotts Co., a subsidiary of The Scotts Miracle-Gro. The property serves as the primary distribution hub for the tenant and is located less than two miles from its main manufacturing facility and global headquarters.

The post Affinius Capital Provides $76.3M Acquisition Loan for 1.3 MSF Warehouse Near Columbus appeared first on REBusinessOnline.

CBRE Arranges $18.7M Sale of Two Industrial Properties in Columbus, Ohio

Kristin Harlow — Wed, 29 Oct 2025 13:50:16 +0000

COLUMBUS, OHIO — CBRE has arranged the sale of two industrial buildings totaling 86,389 square feet in Columbus for $18.7 million. The properties are fully leased to nine tenants and feature clear heights of 22 feet. CBRE’s Kevin Foley, Austin Wolitarsky, Matt Harris and Matt Pourcho represented the buyer, a high-net-worth 1031 exchange investor from California. Tenby Partners was the seller.

The post CBRE Arranges $18.7M Sale of Two Industrial Properties in Columbus, Ohio appeared first on REBusinessOnline.

Welltower to Sell 18 MSF Outpatient Medical Portfolio to Remedy Medical, Kayne Anderson for $7.2B

John Nelson — Tue, 28 Oct 2025 11:45:00 +0000

TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has announced that the Toledo-based REIT is exiting the outpatient medical property management business following a portfolio sale to Remedy Medical Properties and Kayne Anderson Real Estate. The portfolio comprises approximately 18 million square feet of outpatient medical facilities across 296 properties in 34 states. Welltower says that the transaction will total $7.2 billion and will be completed in tranches through mid-2026, with the first tranche selling for $2 billion. This acquisition establishes the Remedy Medical and Kayne Anderson Real Estate partnership as the nation’s largest owner of outpatient medical buildings, with more than 52.4 million square feet across approximately 1,104 properties in 44 states. “This acquisition reinforces our position as leading institutional investors in the outpatient healthcare sector and underscores our long-standing, successful partnership with Remedy,” says Al Rabil, CEO of Boca Raton, Fla.-based Kayne Anderson. “We remain focused on building upon our history of delivering superior risk-adjusted returns for investors, while advancing the delivery of high-quality healthcare across the country.” Remedy Medical is assuming all operational responsibilities from Welltower, including property management and leasing functions. The portfolio was 94 percent occupied at the time of the acquisition announcement. Welltower will retain a…

The post Welltower to Sell 18 MSF Outpatient Medical Portfolio to Remedy Medical, Kayne Anderson for $7.2B appeared first on REBusinessOnline.