Ohio

Colliers International Brokers $4.1M Sale of Warehouse in Cincinnati

by Kristin Harlow August 8, 2017

CINCINNATI — Colliers International has brokered the sale of an 81,681-square-foot warehouse in Cincinnati for $4.1 million. The property, located at 5480 Creek Road, features 6,681 square feet of office space. Raymond Storage Concepts Inc. (RSCI) purchased the property. The company sells, rents and services materials handling equipment, including dock doors and other warehouse solutions. RSCI also maintains sales and service facilities in Columbus and Louisville, Ky. John Gartner and Erin Casey of Colliers International represented the seller, Creek Road 5480 LLC, in the sales transaction. Roddy MacEachen, Rod MacEachen and Jared Wagoner of SQFT Commercial represented RSCI.

August 8, 2017

Midwest Ohio Retail

Cooper Commercial Arranges $4.4M Sale of Goodwill Property in Columbus, Ohio

by Kristin Harlow August 4, 2017

COLUMBUS, OHIO — Cooper Commercial Investment Group has arranged the sale of a single-tenant property occupied by Goodwill in the suburban Columbus community of Dublin for $4.4 million. The 22,000-square-foot building was renovated to accommodate Goodwill, which had previously occupied a 9,400-square-foot space on Sawmill Road. Dan Cooper of Cooper Commercial represented the seller, a Columbus-based private investment group. The buyer, a Columbus-based private investor, purchased the property at nearly 99 percent of the list price.

August 4, 2017

Midwest Multifamily Ohio Student Housing

CRG, Koman Group Complete 262,000 SF Student Housing Property in Cleveland

by Kristin Harlow July 17, 2017

CLEVELAND — CRG and The Koman Group have completed The Edge on Euclid, a 262,000-square-foot student housing property located directly across from Cleveland State University in downtown Cleveland. Early move-in began on July 1. The property features 240 residential suites, a fitness center, lounge, café, study areas and a 163-car garage. The 11-story building features a mix of one- to four-bedroom units. The 11th floor features a sky deck. Clayco served as the design-builder and its subsidiary, Forum Studio, served as the architect.

July 17, 2017

Midwest Ohio Retail

Round 1 Signs 50,000 SF Retail Lease at Great Lakes Mall in Mentor, Ohio

by Kristin Harlow July 12, 2017

MENTOR, OHIO — Round 1, a family entertainment center, has signed a 50,000-square-foot retail lease at Great Lakes Mall in Mentor, about 25 miles northeast of Cleveland. Washington Prime Group Inc. owns the mall. Round 1 will anchor the $15 million redevelopment project and replace a former Dillard’s Men’s store. Earlier this year, Dillard’s consolidated its department stores at the mall into one space. This will be the first Round 1 location in Ohio. Round 1 offers bowling, karaoke, ping-pong, arcade games and dining. Washington Prime Group also plans to create a restaurant space adjacent to Round 1.

July 12, 2017

Industrial Midwest Ohio

Birchwood Foods Signs 52,800 SF Industrial Lease in Columbus, Ohio

by Kristin Harlow July 11, 2017

COLUMBUS, OHIO — Birchwood Foods has signed a 52,800-square-foot industrial lease in Columbus. The Kenosha, Wisconsin-based meat supplier will occupy the entire building located at 1709-1763 Dividend Drive for its Columbus warehouse and distribution operations. The company also owns the production facility adjacent to this property. Ray Boll and Jeff Boll of Rj BOLL Realty arranged the lease on behalf of Birchwood Foods. Matt Osowski and Curt Berlin of NAI Ohio Equities represented the landlord, Meritex Properties.

July 11, 2017

Midwest Ohio Retail

RCG Acquires 181,161 SF Shopping Center in Hilliard, Ohio

by Kristin Harlow July 10, 2017

HILLIARD, OHIO — RCG Ventures has acquired Mill Run Square in Hilliard, a suburb of Columbus. The purchase price was not disclosed. The 181,161-square-foot shopping center is located adjacent to I-270. Floor & Decor and Arhaus anchor the property, which is part of Mill Run, a master planned community that is home to several national retailers including Walmart, Lowe’s, Target, Home Depot, Aldi, Giant Eagle, Dave & Buster’s and Starbucks. Isaiah Harf of Stan Johnson represented the undisclosed seller.

July 10, 2017

Midwest Ohio Retail

Cooper Commercial Arranges $16.7M Sale of Walmart Supercenter in Alliance, Ohio

by Kristin Harlow July 6, 2017

ALLIANCE, OHIO — Cooper Commercial Investment Group has arranged the sale of a single-tenant Walmart Supercenter in Alliance, about 60 miles south of Cleveland, for $16.7 million. The 200,084-square-foot building is located at 2700 W. State St. Dan Cooper of Cooper Commercial represented the institutional seller and procured the West Coast-based buyer. The property sold for 98 percent of the list price. Walmart recently decided to exercise its first of several five-year renewal option periods.

July 6, 2017

Midwest Ohio Retail

Marcus & Millichap Arranges $1.3M Sale of 8,250 SF Childcare Center in Amelia, Ohio

by Kristin Harlow July 6, 2017

AMELIA, OHIO — Marcus & Millichap has arranged the sale of an 8,250-square-foot property net leased to Rainbow Child Care in Amelia, about 20 miles east of Cincinnati, for $1.3 million. The property is located at 3669 Appomatox Drive. Eric Luhrsen, Chad Lieber and Dominic Sulo of Marcus & Millichap marketed the property on behalf of the seller, a developer. Michael Glass, also of Marcus & Millichap, assisted in closing the transaction. The buyer was not disclosed.

July 6, 2017

Loans Midwest Office Ohio

NorthMarq Arranges $10.2M Loan for Refinancing of Office Property in Hamilton, Ohio

by Kristin Harlow June 30, 2017

HAMILTON, OHIO — NorthMarq Capital has arranged a $10.2 million loan for the refinancing of Vora Technology Park in Hamilton, located in the Cincinnati metro area. The office property spans 365,000 square feet. Susan Branscome and Noah Juran of NorthMarq arranged the 10-year loan, which features a 20-year amortization schedule. First Financial Bank provided the loan. The undisclosed borrower purchased the property in 2005.

June 30, 2017

Midwest Ohio Retail

Cooper Commercial Negotiates $2.9M Sale of Jesse James Plaza in Toledo, Ohio

by Kristin Harlow June 30, 2017

TOLEDO, OHIO — The Cooper Commercial Investment Group has negotiated the sale of the Jesse James Plaza, a 35,850-square-foot retail center in Toledo, for $2.9 million. Examples of tenants include Safelite Autoglass, Wings & Grill and Reynolds Laundromat. The Kansas-based buyer purchased the property for 96 percent of the list price. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller, a private investment group out of Ohio.

June 30, 2017

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