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JLL Arranges Sale of 300,400 SF Industrial Facility in New Albany, Ohio

Kristin Harlow — Tue, 20 Oct 2026 14:18:46 +0000

NEW ALBANY, OHIO — JLL Capital Markets has arranged the sale of New Albany Tech Park 300, a 300,400-square-foot distribution center in the Columbus suburb of New Albany. John Huguenard, Sean Devaney, Ed Halaburt, Kurt Sarbaugh, Ross Bratcher and Will McCormack of JLL represented the seller, VanTrust Real Estate. Realty Income was the buyer. Completed in 2026, the facility features a clear height of 36 feet, 135-foot truck courts, 30 dock doors, four drive-in doors and a 3,600-amp power capacity. The asset is fully leased to a technology and artificial intelligence company on a long-term basis.

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JLL Brokers $20.5M Sale of Shopping Center in Hilliard, Ohio

Kristin Harlow — Fri, 16 Oct 2026 13:29:48 +0000

HILLIARD, OHIO — JLL Capital Markets has brokered the $20.5 million sale of Hilliard Rome Commons, a 106,922-square-foot power center in the Columbus suburb of Hilliard. Michael Nieder and Brian Page of JLL represented the seller, RCG Ventures LLC. CASTO was the buyer. Built in 2002, Hilliard Rome Commons is fully occupied and anchored by Burlington, HomeGoods, Ulta Beauty, pOpshelf, Buffalo Wild Wings and a Bank of America outparcel. The property features proximity to I-70.

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BWE Provides $28.3M Permanent Loan for Columbus-Area Senior Living Community

Hayden Spiess — Thu, 08 Oct 2026 15:41:55 +0000

GROVE CITY, OHIO — BWE has provided a $28.3 million permanent loan for Grove City Senior Living, an independent living, assisted living and memory care community in Grove City, part of the Columbus metropolitan area. Taylor Hawkins, senior vice president in BWE’s Cleveland office, originated the financing on behalf of an Ohio-based developer through Fannie Mae. BWE is a Fannie Mae Delegated Underwriting and Servicing (DUS)-approved lender. The loan will be used to take out existing construction debt and return equity to investors as the borrower plans for a long-term hold of the property, which opened in May 2023. The loan features a 10-year term with three years of interest-only payments and a 30-year amortization, as well as a 100 percent loan-to-cost ratio. “When Grove City Senior Living reached full occupancy, our client knew it was the right time to move on from its existing construction debt and find a permanent loan,” says Hawkins. “We considered multiple agency options when determining the right financing for this property. Although Fannie Mae’s senior book is shrinking, the strong fundamentals of Grove City Senior Living made it an attractive property [for lending]. And we secured strong terms that will allow the borrower to…

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Walmart Plans $300M Fulfillment Center in Metro Cincinnati

Kristin Harlow — Wed, 30 Sep 2026 13:40:15 +0000

TURTLECREEK TOWNSHIP, OHIO — Walmart Inc. plans to invest more than $300 million in a new fulfillment center in Turtlecreek Township within metro Cincinnati, creating more than 300 new jobs. REDI Cincinnati, in partnership with JobsOhio, announced the project following Walmart’s purchase of nearly 100 acres in Warren County. The new facility, located at 760 Encore Drive, will specialize in fulfilling larger, non-sortable items, including televisions, furniture and other oversized merchandise. Walmart says the facility will help it deliver more items faster while supporting the continued growth of its next-day delivery network. Walmart maintains an existing fulfillment operation at 650 Gateway Blvd. in Monroe, which employs more than 200 associates and will continue operating.

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JLL Negotiates New Headquarters Lease for Northwest Bank in Dublin, Ohio

Kristin Harlow — Wed, 30 Sep 2026 13:38:14 +0000

DUBLIN, OHIO — JLL has negotiated a 15-year lease for 75,000 square feet of office space and 8,000 square feet of ground-floor retail space at Bridge North in Dublin. The tenant is Northwest Bank, a subsidiary of Northwest Bancshares Inc. The lease encompasses the development’s entire office component, with Northwest Bank expected to relocate its corporate headquarters from Easton by the first half of 2029. Clayton Davis of JLL represented Northwest Bank, which plans to more than double its central Ohio workforce to 300 employees by the time it moves into the new headquarters. Bridge North, owned by Daimler Group, is a mixed-use development that will feature office, retail and other uses.

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Onyx+East Opens 23-Unit Build-to-Rent Community in Columbus, Ohio

Kristin Harlow — Mon, 28 Sep 2026 13:27:00 +0000

COLUMBUS, OHIO — Onyx+East has opened Haven, a 23-unit build-to-rent community in the Upper Arlington area of Columbus. Five homes are available for immediate move-in, with an additional home expected this month. The four-bedroom units offer more than 2,000 square feet of living space. The first four renters are eligible for a “Founders Special,” receiving one month of free rent. Each Haven home features an attached two-car garage, private driveway, fenced backyard, outdoor patio and covered front porch. Professional lawn care and snow removal is included.

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IPB Negotiates Sale of 80,500 SF Industrial Facility in West Liberty, Ohio

Kristin Harlow — Tue, 15 Sep 2026 13:24:01 +0000

WEST LIBERTY, OHIO — Industrial Property Brokers (IPB) has negotiated the sale of an 80,500-square-foot industrial facility in West Liberty, about 50 miles northeast of Dayton. Vicente Torns Ohio Corp., an international manufacturer, purchased the property, which sits on 7.2 acres and is zoned for heavy manufacturing. Vicente Torns plans to invest $21 million in the facility and create 108 new jobs. The project will establish the company’s first U.S. manufacturing facility, where it will produce copper and aluminum wires used in electric transformers. With more than 100 years of manufacturing experience, Vicente Torns operates facilities in Spain, Slovakia, Italy, Morocco, India and France, serving customers across the energy, electric vehicle and railway industries. The West Liberty property features 78,000 square feet of warehouse space, 2,500 square feet of office space, three dock doors and three drive-in doors. Tim Echemann and Conrad Echemann of IPB brokered the deal.

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ClarkDietrich to Relocate Headquarters to $350M Montgomery Quarter Near Cincinnati

Kristin Harlow — Fri, 11 Sep 2026 13:46:33 +0000

MONTGOMERY, OHIO — ClarkDietrich, a manufacturer of cold-formed steel framing, will relocate its corporate headquarters to Montgomery Quarter, which is a public-private partnership between the City of Montgomery and developers Brandicorp and Neyer Properties valued at $350 million. ClarkDietrich is expected to take occupancy in fall 2027. The company has outgrown its currently leased space in West Chester, Ohio. ClarkDietrich will occupy the full second and third floors of a new building within Montgomery Quarter. The lease for 32,500 square feet will account for approximately 70 percent of the building. The new 46,500-square-foot building will be constructed above an existing parking garage at the development. ClarkDietrich’s office will feature a large training and meeting center, an outdoor terrace, an open staircase connecting the second and third floors and abundant natural light. ClarkDietrich will bring approximately 80 employees upon relocation. Upon completion, the new building will join Montgomery Quarter’s mixed-use campus, which will now feature 116,000 square feet of Class A office space, 25,000 square feet of retail/restaurants, 387 luxury apartment units between two phases and a 128-room, high-end hotel. The Gateway Partners Montgomery development team, a partnership between Brandicorp and Neyer Properties, has partnered with Jeffery Andereson Real Estate on…

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Stone Bridge Investment Group Acquires 135,303 SF Industrial Portfolio Near Akron, Ohio

Kristin Harlow — Wed, 09 Sep 2026 14:22:06 +0000

JACKSON TOWNSHIP, OHIO — Stone Bridge Investment Group has acquired a two-building industrial portfolio at 7774 and 7810 Whipple Ave. NW in Jackson Township, south of Akron. The properties total 135,303 square feet. Landon Williams and Ryan Thomas of Cushman & Wakefield Commercial Advisors and George Pofok, Eliiot Kijewski and Cole Sorenson of Cushman & Wakefield CRESCO Real Estate represented the seller, Industrial Commercial Properties. Christopher Tichio of Alexander Summer represented the buyer.

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ErieView Development Closes $218M Financing for W Cleveland Mixed-Use Tower

John Nelson — Tue, 08 Sep 2026 12:00:00 +0000

CLEVELAND — ErieView Development, an Ohio-based real estate development firm headed by the Kassouf family, has closed on $218 million in financing for the new W Cleveland mixed-use tower in downtown Cleveland. The adaptive reuse project will convert the 40-story Erieview Tower at 1301 E. 9th St. into a 210-room W Cleveland hotel, 215 rental residences and Class A office space. The W Cleveland’s residential units will mark the first apartments under the W brand that are exclusively for-rent, rather than for-sale, residences. The project also represents the first W hotel in Ohio and Marriott International’s first luxury hotel brand to open in Cleveland since the opening of The Ritz-Carlton Cleveland in 1990. Both renters and hotel guests will have access to 24-hour concierge services and other amenities, including a fitness center and spa. Both the hotel and apartments are slated to open in late 2027. The offices at W Cleveland, which will be on floors 29 through 38, will be delivered on a turnkey basis on tenant schedules through 2028. ErieView Development plans to appoint a leasing agency for the offices in the fourth quarter of this year. Other components of the W Cleveland will include a signature restaurant and…

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CBRE Brokers $3.4M Sale of Retail Property Occupied by Sheetz in Gahanna, Ohio

Kristin Harlow — Fri, 04 Sep 2026 13:26:51 +0000

GAHANNA, OHIO — CBRE has brokered the $3.4 million sale of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, a suburb of Columbus. CBRE’s Karly Iacono represented the buyer, 495 Crescent Circle Gahanna Ohio LLC. Stephanie Beaumier of Casto acted on behalf of the seller, CP Crescent LLC. The 1031 exchange buyer completed an all-cash transaction. The asset is secured by a 15-year triple-net ground lease with Sheetz.

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Northeast Ohio Industrial Market Turns a Corner

Kristin Harlow — Thu, 03 Sep 2026 12:34:00 +0000

By Troy Gerspacher, Gerspacher Real Estate Group/CORFAC International After five straight quarters of tenants giving back more space than they took, Northeast Ohio’s industrial market is finally turning a corner. The reason isn’t a sudden rush of new demand. It’s that almost nobody built anything speculative for two straight years, so the modest leasing activity we’re seeing is enough to move the needle. A manufacturing market Northeast Ohio has never been a mega-warehouse market chasing Amazon-style fulfillment. We’re a manufacturing region. Most of the active deals are in buildings under 100,000 square feet run by regional manufacturers and smaller operators who have been here for decades. Deals aren’t driven by national logistics players making their way in because of population growth. Instead, deals are driven by suppliers to the region’s manufacturing base. Market data tells the story Data sources all point to the same fact: Cleveland’s industrial market remains very tight. Vacancy stood at 4.3 percent in the first quarter of 2026, with average asking rents around $6.70 per square foot, according to CoStar. That’s particularly notable compared with the national industrial vacancy rate, which started the year at approximately 7.5 percent. The market also recorded approximately 420,000 square…

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Associated Bank Provides $9M Loan for 12-Acre Retail Development in Metro Columbus

Matthew Auchincloss — Fri, 28 Aug 2026 15:00:00 +0000

DELAWARE, OHIO — Associated Bank has provided a $9 million loan to GTZ Properties for the development of Trailhead Crossing, a 12-acre retail property located at 1335-1131 U.S. Route 36 in Delaware, a northern suburb of Columbus. The project consists of three buildings occupied by Chick-fil-A, Chipotle Mexican Grill and Take 5 oil change. A second, three-tenant strip center will be occupied by Dunkin’, Nothing Bundt Cakes and Pacific Dental Services. The project also contains two pad-ready sites, one of which is pending sale to a national daycare company. All Phase I tenants are expected to open by spring 2027. Phase II of the development will be anchored by a big box national retailer.

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Cooper Group Arranges Sale of 27,299 SF Retail Property in Cincinnati

Matthew Auchincloss — Fri, 28 Aug 2026 14:55:25 +0000

CINCINNATI — The Cooper Commercial Investment Group has arranged the sale of Spring Hill Center, a 27,299-square-foot multi-tenant retail property located in Cincinnati. Dan Cooper of the Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the transaction. The buyer was a New York-based investor. The deal closed at an 8 percent cap rate. Spring Hill Center is anchored by Dollar General.

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Prudent Growth Partners Purchases 25,400 SF Retail Center in Ashland, Ohio

Matthew Auchincloss — Thu, 27 Aug 2026 14:42:04 +0000

ASHLAND, OHIO — Prudent Growth Partners has purchased Amberwood Plaza, a 25,400-square-foot neighborhood retail center located in the north-central Ohio city of Ashland, for $3.5 million. Constructed in 2006, Amberwood Plaza was 94 percent leased to 10 tenants, including Tacos and Tequila and Verizon Wireless, at the time of sale. More than 28 percent of the center’s leasable space has been occupied by the same tenants for over 15 years.

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Laurel Real Estate Brokers Sale of 60-Room Hampton Inn Hotel in Sunbury, Ohio

Kristin Harlow — Wed, 26 Aug 2026 13:02:00 +0000

SUNBURY, OHIO — Laurel Real Estate Co. has brokered the sale of the 60-room Hampton Inn Columbus I-71 North hotel in Sunbury. Laurel represented the undisclosed seller. A private investor group acquired the hotel. The acquisition included several equity partners and an SBA 504 financing structure involving a conventional first-mortgage lender, LCNB National Bank, and a certified development company, Alloy Development Co. The SBA 504 loan program generally combines a first mortgage from a conventional lender with a second-lien loan facilitated by an SBA-certified development company, according to Laurel. The structure supports qualified small businesses making long-term investments in owner-occupied real estate and other major fixed assets. Katie Vivian of Largo Capital arranged the financing. Fusion Hotels, the buyer-affiliated hotel management platform led by Amul Patel, plans to assume management of the hotel. Fusion’s portfolio consists of 15 hotels across Ohio, Indiana and Kentucky.

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Greater Cleveland Market Overview: Growth, Investment and Recognition

Kristin Harlow — Wed, 26 Aug 2026 12:30:00 +0000

By Kevin Malinowski, Colliers | Cleveland-Akron Greater Cleveland continues to strengthen its position as one of the Midwest’s most competitive business and commercial real estate markets with Ohio’s recognition as CNBC’s No. 1 “State for Business in 2026,” a distinction driven by strong infrastructure, competitive operating costs, strategic market access and a growing supply of development-ready sites. Those advantages are translating into corporate investment, job creation, real estate activity and public-private partnerships across Northeast Ohio. High-profile investments are helping fuel the region’s momentum. According to reports, Cleveland Clinic is investing more than $1 billion in healthcare, research and innovation initiatives, including construction of its new Neurological Institute on its main campus. Nearby, Canon Healthcare USA acquired a building near Cleveland Clinic’s main campus for its U.S. headquarters and operations. Sherwin-Williams recently completed its new downtown headquarters and suburban research campus. The project is widely regarded as one of the largest corporate investments in the city’s history and reflects the company’s continued presence and investment in the region. Like many other downtown office markets, Cleveland’s office sector is evolving as companies optimize workspace needs. That said, Cleveland has emerged as a notable leader for converting office to residential with projects such as…

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Continental Development Ventures Opens 226-Unit Mixed-Use Project in Bexley, Ohio

Kristin Harlow — Tue, 25 Aug 2026 13:03:00 +0000

BEXLEY, OHIO — Continental Development Ventures has opened The Fitzgerald, a mixed-use development located at 220 E. Main St. in Bexley, a suburb of Columbus. The project is the transformation of the former Trinity Lutheran Seminary apartment site, acquired from Capital University, into 226 residences above 11,000 square feet of ground-floor retail and restaurant space, 12,500 square feet of office space and a structured parking garage with 300 spaces. Amenities at the property include a fitness center, clubhouse, two outdoor courtyards and a rooftop terrace. The project reflects a multi-year public-private collaboration, including city support for the public parking garage through tax-increment financing. Coastal Ridge Real Estate is the property manager. The Fitzgerald’s dining lineup is anchored by Hudson 29 Kitchen + Drink, a concept from Cameron Mitchell Restaurants that is slated to open in spring 2027.

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Cooper Group Brokers $9.3M Sale of Kruse Commons Retail Property in Solon, Ohio

Kristin Harlow — Wed, 19 Aug 2026 13:07:35 +0000

SOLON, OHIO — The Cooper Commercial Investment Group has brokered the $9.3 million sale of Kruse Commons, a two-building retail center in Solon, a suburb of Cleveland. Anchor tenants at the fully leased property include Panera Bread and Mitchell’s Homemade Ice Cream. Dan Cooper of Cooper Group represented the seller, an Ohio-based investment group. The sale, which closed at a cap rate of 6.79 percent, marks the second time Cooper Group has sold Kruse Commons within the past 18 months.

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OpenAI Signs 20-Year Lease at Nvidia-Backed Data Center Development in Pike County, Ohio

John Nelson — Tue, 18 Aug 2026 12:00:00 +0000

PIKE COUNTY, OHIO — OpenAI, the artificial intelligence (AI) platform best known for ChatGPT, has signed a 20-year lease agreement to be the customer at the PORTS-Pike Technology Campus, an AI data center redevelopment of the decommissioned Portsmouth Gaseous Diffusion Plant in Pike County, located in southern Ohio’s Appalachian region. The size and cost of the campus has not been released, but The New York Times reports that it will be among the world’s largest data centers and that the build-out could cost as much as $500 billion. SB Energy, a data center and power infrastructure company backed by Tokyo-based SoftBank Group Corp., will build, own and operate the campus. Nvidia (NASDAQ: NVDA), a hardware manufacturer of semiconductors and networking systems for AI data centers, will provide the full build-out at PORTS-Pike Technology Campus using its DSX AI factory platform — encompassing all aspects typical to an AI-ready data center, including GPUs (graphics processing units), CPUs (central processing units), servers and infrastructure software. Nvidia has secured land, power and shell (LPS) rights at the Pike County project through a partnership with SB Energy. Nvidia will immediately invest $1.5 billion in SB Energy to support the project’s build-out. SB Energy and…

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