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

Kristin Harlow — Tue, 10 Nov 2026 14:23:18 +0000

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

Abby Cox — Tue, 10 Nov 2026 12:58:00 +0000

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

Kristin Harlow — Mon, 09 Nov 2026 14:08:28 +0000

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

Kristin Harlow — Fri, 06 Nov 2026 14:42:23 +0000

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

Kristin Harlow — Wed, 04 Nov 2026 15:13:47 +0000

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

Kristin Harlow — Tue, 03 Nov 2026 14:00:00 +0000

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

Kristin Harlow — Mon, 02 Nov 2026 14:03:00 +0000

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

Kristin Harlow — Fri, 30 Oct 2026 13:45:31 +0000

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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MINISO LAND Opens at Easton Town Center in Columbus, Ohio

Kristin Harlow — Fri, 30 Oct 2026 13:44:53 +0000

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

Kristin Harlow — Wed, 28 Oct 2026 13:41:22 +0000

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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CBRE Negotiates $15.6M Sale of Convenience Store Property in Suburban Columbus

Kristin Harlow — Wed, 28 Oct 2026 13:39:53 +0000

JOHNSTOWN, OHIO — CBRE has negotiated the $15.6 million sale of a newly developed truck stop and convenience store property occupied by 7-Eleven (Speedway) in Johnstown near New Albany. The 4,816-square-foot property sits at the entrance to the 9,000-acre New Albany International Business Park. 7-Eleven occupies the asset under a new 15-year triple-net lease. CBRE’s Melissa Marshall, Ian Schroeder and David McNevin represented the buyer, a private investor based in southern California. The seller was an Ohio-based commercial real estate developer.

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Cronheim Arranges $27M Refinancing for 929,119 SF Industrial Portfolio in Columbus

Kristin Harlow — Tue, 27 Oct 2026 14:18:52 +0000

COLUMBUS, OHIO — Cronheim Mortgage has arranged $27 million in refinancing across two transactions secured by four fully occupied industrial buildings totaling 929,119 square feet in Columbus. The new loans increased total proceeds by $7.5 million from the prior financing. Dev Morris and Andrew Stewart placed the financing with one of Cronheim’s correspondent insurance companies. The two loans feature 20-year terms with the interest rates resetting every five years. The larger transaction, a $20.5 million loan, is secured by three buildings totaling 770,569 square feet on Fisher Road. A $6.5 million loan is for a 158,550-square-foot facility at 4545 Groves Road.

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Byline Bank Provides $17.5M in Financing for Multifamily Property in Columbus

Kristin Harlow — Mon, 26 Oct 2026 13:02:17 +0000

COLUMBUS, OHIO — Byline Bank’s Commercial Real Estate Group has provided a $17.5 million term loan to The Schirm Firm to finance the acquisition of Trotters Park, a multifamily property located at 720 Michigan Ave. in Columbus. The community is situated in an infill pocket between downtown Columbus and The Ohio State University. A citywide walking and bike trail borders the property. Sarah Hunter, Mason Tittle, Matt Smith and Eric Estela of Byline Bank handled the transaction.

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Ambrose Breaks Ground on 1 MSF Logistics Property in Metro Columbus

Kristin Harlow — Fri, 23 Oct 2026 13:18:11 +0000

WEST JEFFERSON, OHIO — Ambrose has broken ground on Building II of the Columbus Logistics Park – West, a 169-acre, three-building logistics park in West Jefferson, 20 miles west of downtown Columbus. Building II will offer more than 1 million square feet of space for lease, including a 2,800-square-foot office area. The spec property will feature a clear height of 40 feet, 110 docks, two 4,000-amp panel services and ample auto and trailer parking. The building will offer a minimum divisibility of 531,000 square feet. Substantial completion is slated for fall 2027. ARCO is the general contractor, and ATA Architects provided design services. The Columbus-based Colliers team is handling leasing and marketing for the project. Ambrose partnered with Bank OZK on the construction loan. Building I within the park was completed in 2022. The 715,000-square-foot building is fully leased to GXO and FST Logistics.

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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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