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Colliers Brokers Sale of 292,594 SF Industrial Property in Gahanna, Ohio

Kristin Harlow — Tue, 07 Jul 2026 13:35:08 +0000

GAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Joel Yakovac, Shane Woloshan and Michael Linder of Colliers represented the seller, a venture between Scannell Properties and Manulife Investment Management, a company of Manulife Wealth & Asset Management. Eastgate Logistics Center is fully leased to Wesco and Nuvik USA. The property features a clear height of 32 feet, 30 dock doors and direct access to I-70 and I-71. Dogwood Industrial Properties, a TPG Real Estate platform, was the buyer.

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CBRE Opens 19,500 SF Office in Downtown Columbus, Ohio

Kristin Harlow — Tue, 07 Jul 2026 13:33:47 +0000

COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.

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IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, Ohio

Kristin Harlow — Wed, 01 Jul 2026 13:47:38 +0000

DAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center. The asset is comprised of a 155,000-square-foot main building with 40,000 square feet of office space, six docks, four drive-in doors and heavy crane infrastructure. The property also includes a standalone 5,000-square-foot building. Both structures offer clear heights of 18 feet. Construction upgrades are slated to begin immediately, and ownership is actively marketing the space for lease.

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Bernard Financial Group Arranges $7M Loan for Refinancing of Ohio Multifamily Property

Kristin Harlow — Wed, 01 Jul 2026 13:46:05 +0000

KETTERING, OHIO — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 250-unit multifamily property in Kettering, an inner suburb of Dayton. Joshua Bernard arranged the loan through a life insurance company on behalf of the borrower, Fox Hunt Owner LLC.

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Scannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, Ohio

Kristin Harlow — Mon, 29 Jun 2026 13:50:52 +0000

COMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus. The 1.2 million-square-foot speculative building will feature a clear height of 40 feet, 60 dock doors and four drive-in doors. The development marks Scannell’s ninth in the central Ohio region. Completion is slated for April 2027. Joel Yakovac of Colliers is handling leasing.

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KeyBank Provides $56M in Construction Financing for Ohio Affordable Seniors Housing Project

Kristin Harlow — Fri, 26 Jun 2026 13:05:25 +0000

GALLOWAY, OHIO — KeyBank Community Development Lending and Investment (CDLI) has provided a $16.5 million taxable construction loan, a $9.4 million federal Low Income Housing Tax Credit (LIHTC) equity investment and an $8.2 million state LIHTC investment for the construction of Clover Glen II in Galloway near Columbus. National Church Residences is developing the 96-unit affordable housing project for seniors age 55 and older. KeyBank Commercial Mortgage Group also provided a Freddie TEL permanent loan of $8.2 million. KeyBanc Capital Markets served as bond underwriter and underwrote $13.8 million in tax-exempt bonds for the project. Clover Glen II will feature 15 units restricted to residents earning up to 50 percent of the area median income (AMI), 76 units restricted to 60 percent AMI and five units for 70 percent AMI. Amenities at the four-story property will include a clubhouse, fitness center, central laundry, onsite management, surface parking and picnic areas. David Lacki and Ryan Olman of KeyBank CDLI structured the financing, while Sam Adams and Alex Steckler of KeyBanc Capital Markets underwrote the bonds. In October 2022, CDLI, through an investment with Ohio Capital Corp. for Housings, closed the Clover Glen I transaction.

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Skanska Wins $325M Contract to Construct Marriott Hotel in Cincinnati

Matthew Auchincloss — Wed, 24 Jun 2026 12:30:00 +0000

CINCINNATI — Multinational construction and development company Skanska has been awarded a $325 million contract with Atlanta-based developer Portman Holdings to construct a 21-story Marriott-branded hotel in downtown Cincinnati. The 700-key, full-service hotel will be located next to the newly renovated First Financial Center convention center. According to the development team, the hotel will be the first “true” Marriott-branded hospitality property in downtown Cincinnati, although hotels bearing Marriott brands such as AC Hotels and Renaissance are already in operation. Amenities will include multiple ballrooms, 62,250 square feet of meeting and event space, 17,445 square feet of outdoor terrace space, restaurant and a hotel bar. Additionally, Portman Holdings has secured $410 million in private funding, according to the Cincinnati Business Courier. Bank OZK provided the senior construction loan and Huntington National Bank provided a bridge loan. The Cincinnati Business Courier also reports that the public funding component of the project was secured in March when the Port of Greater Cincinnati Development Authority approved the sale of $130 million in tax-exempt bonds. The project is a public-private partnership with the public share totaling 46 percent. The port purchased the site, which at the time was a surface parking lot in 2018. Construction is slated to begin in…

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CBRE Arranges $12.5M Sale of Industrial Portfolio in Beavercreek, Ohio

Kristin Harlow — Tue, 23 Jun 2026 13:02:00 +0000

BEAVERCREEK, OHIO — CBRE has arranged the $12.5 million sale of a two-building, 142,400-square-foot industrial portfolio in Beavercreek near Cincinnati. CBRE’s Steve Timmel and Will Roberts represented the sellers, 2060 Heller LLC and 2070 Heller LLC. The buildings, located at 2060 and 2070 Heller Drive, are fully leased to an aerospace manufacturer. Each property includes a mix of office and production space designed to support specialized aerospace manufacturing and research functions.

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Trident Capital Group Grows Columbus-Area Industrial Portfolio by 1.9 MSF

Kristin Harlow — Mon, 22 Jun 2026 13:52:44 +0000

COLUMBUS, OHIO — Trident Capital Group has announced five transactions and developments across the greater Columbus region, adding 1.9 million square feet of industrial space to its portfolio. Columbus Works Commerce Center Phase I (Building C) is a 191,077-square-foot facility in Columbus that was completed in fourth-quarter 2025 and is now fully leased to three tenants. Trident is currently constructing Columbus Works Commerce Center Phase II (Building D), which will total 177,607 square feet on 16.5 acres. The building will feature a clear height of 32 feet, 21 dock doors, three drive-in doors and 144 car parking spaces. Nick Tomasone and Kilar Mariotti of CBRE are handling leasing. In April, Trident acquired the Ease Logistics Distribution Center, a 308,358-square-foot build-to-suit facility in Marysville. Delivered in 2024, the asset is fully leased to Ease Logistics Services LLC. The property is situated on 25 acres within 33 Innovation Park. Under construction is Rickenbacker Industrial Center III in Lockbourne. Developed in partnership with O’Connor Capital Partners, the project totals 958,740 square feet of speculative space. The development is slated for completion in first-quarter 2027 and will feature a clear height of 40 feet, 104 dock doors, a 190-foot truck court, 238 trailer parking…

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Cooper Group Brokers $4.3M Sale of Retail Center in North Olmsted, Ohio

Kristin Harlow — Fri, 19 Jun 2026 12:50:20 +0000

NORTH OLMSTED, OHIO — The Cooper Commercial Investment Group has brokered the $4.3 million sale of Bentley Coe Plaza, a 36,966-square-foot retail center in North Olmsted near Cleveland. Dan Cooper of Cooper Group represented the seller. The buyer was identified prior to formally marketing the property for sale. The asset traded at a 7.4 percent cap rate.

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CBRE Arranges $18M Sale of Industrial Facility in Trotwood, Ohio

Kristin Harlow — Wed, 17 Jun 2026 13:23:36 +0000

TROTWOOD, OHIO — CBRE has arranged the $18 million sale of a 380,000-square-foot distribution facility located at 1 Modern Way in Trotwood, a suburb of Dayton. Viking Partners purchased the property from Stratacache Inc. CBRE’s Will Roberts, Steve Timmel and Doug Whitten represented the seller. The facility is located just south of Dayton International Airport, offering immediate access to I-75 and I-70. Built in 2008, the development features 12,000 square feet of office space, clear heights ranging from 28 to 30 feet, 32 dock doors, four drive-in doors and rail service via CSX with an interior spur.

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Red Oak Capital Provides $11.1M Bridge Loan for Assisted Living Community in Dayton, Ohio

Kristin Harlow — Tue, 16 Jun 2026 13:29:52 +0000

DAYTON, OHIO — Red Oak Capital Holdings LLC has provided $11.1 million in financing for the acquisition and capital improvements of Cottages of Clayton, a 90-unit assisted living community in Dayton. The bridge loan features an 18-month initial term and a loan-to-stabilized value of 69 percent. Stratos Athanassiades of Red Oak originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The borrower, Clayton Realco LLC, is a private investor group that owns and operates 12 senior living communities. Built in 1999, Cottages of Clayton features seven cottage-style buildings with 90 studio units. Each building contains its own kitchen, laundry facilities and resident lounge areas. Amenities include a dining room, activity room, salon and outdoor spaces.

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CASTO Opens 235-Unit Westrich Apartment Community in Columbus, Ohio

Kristin Harlow — Mon, 15 Jun 2026 13:22:56 +0000

COLUMBUS, OHIO — CASTO, in partnership with Columbus Metropolitan Housing Authority, The Weiler Co., The Kelley Family and Mark Cain, have opened Westrich, a 235-unit apartment community in the Franklinton neighborhood of Columbus. Oakwood Management Co. is the property manager. The five-story development includes 5,806 square feet of ground-floor retail space on Rich Street. Floor plans come in studio, one- and two-bedroom layouts. Amenities include a pool, fitness studio, resident lounge, pet spa and bike storage.

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Eastern Union Arranges $12.9M in Acquisition Financing for Shopping Center in Lima, Ohio

Kristin Harlow — Thu, 11 Jun 2026 13:31:03 +0000

LIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million. Lima Center was 98 percent leased at the time of the loan closing to 10 tenants, including Five Below and Dollar Tree, and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot TJ Maxx. Jack Beida, Michael Muller and Mike Orlik of Eastern Union arranged the seven-year, fixed-rate mortgage on behalf of the borrower. The seller and the direct lender were not disclosed.

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Cooper Group Brokers Sale of Single-Tenant Medical Building in Wadsworth, Ohio

Kristin Harlow — Tue, 09 Jun 2026 13:04:37 +0000

WADSWORTH, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical building occupied by Cleveland Clinic Urgent Care in Wadsworth near Akron. The property recently received nearly $7 million in upgrades from the Cleveland Clinic to transform the asset into a modern urgent care facility with onsite imaging and lab services. Dan Cooper of Cooper Group represented the seller, a private New York-based investor. The property sold at a 5.6 percent cap rate to another private investor based out of New York in an all-cash transaction.

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Krueger Group Opens 25-Unit Rental Townhome Development in Rocky River, Ohio

Kristin Harlow — Mon, 08 Jun 2026 13:45:13 +0000

ROCKY RIVER, OHIO — The Krueger Group (TKG) has opened Phase II of ORRIS, which brings 25 rental townhomes along Center Ridge Road in Rocky River, a suburb of Cleveland. Cross Street is handling leasing, marketing and property management. The residences are offered in two- and three-bedroom floor plans with attached two-car garages. The units average 2,600 to 2,700 square feet, with some larger floor plans exceeding 3,000 square feet. Monthly rents start at $4,700. The first phase of ORRIS was completed in 2024 and comprises a 54-unit apartment building. Residents of the townhomes enjoy full access to the amenities within Phase I, including a fitness center, coworking spaces, resident lounge areas, package and mail services, dry cleaning services and an outdoor courtyard.

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Lument Provides $28M HUD-Insured Loan for Ohio Affordable Housing Property

Kristin Harlow — Wed, 03 Jun 2026 13:34:29 +0000

LORAIN, OHIO — Lument has provided a $28 million HUD/FHA Section 221(d)(4) loan on behalf of TFG Housing Resources and Raise Up for the acquisition and substantial rehabilitation of Western Horizon, a 353-unit affordable housing community in Lorain, about 25 miles west of Cleveland. The transaction utilized a component of the Rental Assistance Demonstration (RAD) program that allows for blending RAD with Section 18 of the National Housing Act to fund the preservation of aging affordable housing. Lument’s Joey Hague led the transaction. The units were converted through the RAD program in conjunction with 4 percent Low-Income Housing Tax Credits through the Ohio Housing Finance Agency. In addition to the FHA mortgage, Lument Securities served as the underwriter for $9.2 million in tax-exempt bonds. Originally built in the 1950s as three separate communities, Leavitt Homes, Westview Terrace and Westgate Apartments have historically operated as public housing. As a result of the RAD conversion utilizing FHA financing, the properties now operate as one and are being rebranded as Western Horizon. Post renovation, all units will be assisted by project-based rental assistance with rents restricted to 60 percent of the area median income. TFG Housing Resources is a Columbus-based real estate developer…

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Tanger Acquires Town Center at Levis Commons Near Toledo for $60M

Kristin Harlow — Fri, 29 May 2026 13:47:40 +0000

PERRYSBURG, OHIO — Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot mixed-use development in Perrysburg, about 10 miles south of Toledo. The purchase price was $60 million. Developer and owner Hill Partners, which has managed, leased and owned Levis Commons since its opening in 2004, was the seller. Situated at the entrance of J. Preston Levis Commons, a 400-acre master-planned community, The Town Center at Levis Commons features more than 60 retailers and restaurants, a Cinemark movie theater and 69,000 square feet of office space. Tenants include Sephora, Shake Shack, Anthropologie, lululemon, J. Crew Factory, Athleta, drybar, Soma, Chico’s, Arhaus and Books-A-Million. CBRE represented the seller.

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Colliers Negotiates Sale of 208,000 SF Industrial Facility in Rossford, Ohio

Kristin Harlow — Wed, 20 May 2026 13:24:07 +0000

ROSSFORD, OHIO — Colliers has negotiated the sale of Innovation Industrial Park Building 2, a 208,000-square-foot industrial facility in Rossford near Toledo. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Tim Breckner and Conor Toomey of Colliers represented the seller, Scannell Properties. Glen Una Management Co. was the buyer. Delivered in 2022, the property is fully leased to Logos Logistics, Norplas Industries Inc. and Grabber Construction Products. The rear-load facility features a clear height of 32 feet, 24 dock-high doors, two drive-in doors, a 130-foot truck court and 58 trailer parking stalls.

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The Community Builders Completes 64-Unit Affordable Housing Development in Cleveland

Kristin Harlow — Tue, 19 May 2026 14:01:37 +0000

CLEVELAND — The Community Builders (TCB) has completed Woodhill Station East, the third phase of the Buckeye-Woodhill Choice Transformation in Cleveland. The building delivers 54 affordable apartments and 10 market-rate units for residents in the Buckeye-Woodhill neighborhood and is situated immediately to the east of Woodhill Station West. Woodhill Station East is the third phase in the redevelopment of the former Woodhill Homes. A commercial space will host up to three tenants. Residents have access to amenities including a community room, lounges, a fitness center, landscaped greenspace and an outdoor patio. All units are pre-wired for high-speed internet service, including low-cost access provided by Digital-C. TCB will oversee a wide range of resource and programming partners and activities, including a team of TCB Community Life case managers, which will provide onsite supportive service programming. They will connect residents to opportunities in six areas: workforce development, asset building, community engagement, youth development, education and health and wellness. Financial partners included Lument, Ohio Capital Corp. for Housing, Ohio Housing Finance Agency, Citizen’s Bank, HUD Choice Neighborhoods program, TCB, Cuyahoga Metropolitan Housing Authority (CMHA) and the City of Cleveland via ARPA HOME funds. In 2021, HUD awarded a $35 million Choice Neighborhoods Implementation…

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