Tuesday, September 2, 2025
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Ohio

HealthcareMidwestOhio

Bull Realty Brokers $3.3M Sale of Medical Facility in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Bull Realty has brokered the sale of a BIOMAT specialty medical facility in Columbus for $3.3 million. The 14,957-square-foot property is a plasma collection facility, one of over 200 collection facilities in 32 states owned by parent company Grifolis. The single-tenant, net-leased property is situated on 3.4 acres. BIOMAT has nine years remaining on the triple-net lease. Michael Bull and Nancy Miller of Atlanta-based Bull Realty represented the buyer, Apple Ridge/Cherry Ridge LLC, which purchased the property as part of a 1031 exchange. Brian Smith of Marcus & Millichap represented the seller, White Owl LLC.

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LoansMidwestMultifamilyOhio

Pillar Provides $6.8M Loan for Refinancing of Multifamily Property in Cincinnati

by Kristin Harlow

CINCINNATI — Pillar has provided a $6.8 million loan for the refinancing of Cambridge Park Apartments in Cincinnati. The 198-unit property features one-, two- and three-bedroom floor plans. Cambridge Park Apartments is fully leased. The 12-year loan includes a 30-year amortization schedule. Shamrock Properties IX LLC was the borrower.

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LoansMidwestMultifamilyOhioTop Stories

Bellwether Enterprise Arranges $80M Refinancing for 241-Unit Apartment Complex in Cleveland

by Taylor Williams

CLEVELAND — Bellwether Enterprise Real Estate Capital LLC has arranged $80 million in refinancing for the Flats at East Bank Apartments, a 241-unit multifamily asset in Cleveland. Jim Doyle of Bellwether arranged the loan through Deutsche Bank, AG, on behalf of an undisclosed borrower. Built in 2016, the rental property offers penthouses, in addition to one-, two- and three-bedroom units. Amenities include a business center, 24-hour fitness center, 40,000-square-foot outdoor terrace and 24/7 concierge and room services. According to the property’s website, one-bedroom units range from about 700 to 1,200 square feet per unit and rent for $1,700 to $2,200 per month, depending on size. Two-bedroom units average approximately 1,400 square feet per unit and three-bedroom units average about 1,600 square feet per unit. Average rents for these apartments vary based on size. The building also houses 61,016 square feet of retail space primarily leased to food and beverage establishments. Current tenants include Punch Bowl Social, Beerhead Bar and Eatery and Big Bang Dueling Piano Bar. Several other food and beverage companies, including Thirsty Dog Brewing Co. and Dante’s Inferno, were recently added to the tenant roster. The complex is located at 1055 Old River Road on the city’s waterfront district. …

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LoansMidwestMinnesotaMissouriOhioWisconsin

KeyBank Arranges $12.7M Loan for Refinancing of Parking Facility Portfolio in Midwest Region

by Kristin Harlow

OHIO, MINNESOTA, MISSOURI AND WISCONSIN — KeyBank Real Estate Capital has arranged a $12.7 million loan for the refinancing of the MVP Portfolio, which consists of six surface parking lots and garages across the Midwest and in Colorado. Totaling 994 parking spaces, the properties are located in Cleveland, Ohio; St. Paul, Minn.; St. Louis; Milwaukee; and Denver. Randy Martin of KeyBank arranged the 10-year loan, which includes a 25-year amortization schedule. A CMBS lender provided the loan.

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MidwestOhioRetail

Marcus & Millichap Brokers $4.5M Sale of Shopping Center in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Marcus & Millichap has brokered the sale of Lincoln Village in Columbus for $4.5 million. The 210,036-square-foot shopping center is located at 2769 Northland Plaza Drive. Anchored by Discount Fashion Warehouse, Scare-A-Torium and Family Thrift, the center was 92 percent occupied at the time of sale. Other tenants include GNC, CSL Plasma, Donatos Pizza and Steak ‘n Shake. Erin E. Patton, Scott Wiles and Craig Fuller of Marcus & Millichap marketed the property on behalf of the seller, a New York-based family office. A private local buyer purchased the property.

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Affordable HousingLoansMidwestMultifamilyOhio

Dougherty Arranges $12M Loan for Refinancing of Affordable Housing Property in Goshen, Ohio

by Kristin Harlow

GOSHEN, OHIO — Dougherty Mortgage LLC has arranged a $12 million HUD 223(f) loan for the refinancing of Meadow View Townhomes in Goshen, about 30 miles northeast of Cincinnati. The affordable housing property, built in 1994, consists of 128 units. Dominium Development & Acquisition took over ownership and management duties of the property in 2015. The loan features a 35-year term and amortization schedule. Dougherty’s Minneapolis office arranged the loan for the borrower, Goshen Leased Housing Associates I LLLP, a limited liability partnership based in Minnesota.

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MidwestOhioRetail

Cooper Group Brokers $1.4M Sale of Property Net Leased to AutoZone in Chesterland, Ohio

by Kristin Harlow

CHESTERLAND, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant property net leased to AutoZone in Chesterland, about 30 miles east of Cleveland, for $1.4 million. The lease has approximately 10 years remaining. Dan Cooper of Cooper Group represented the buyer, a private investor based in Ohio. The seller was a Louisiana-based private investment group.

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IndustrialLoansMidwestOhio

NorthMarq Arranges $2.6M Acquisition Loan for Distribution Center in Cincinnati

by Kristin Harlow

CINCINNATI — NorthMarq Capital has arranged a $2.6 million loan for the acquisition of Crescentville Distribution Center in Cincinnati. The 83,679-square-foot facility is located at 500-518 Crescentville Road. Susan Branscome of NorthMarq arranged the 10-year loan, which includes a 25-year amortization schedule. A life insurance company provided the loan to the undisclosed borrower.

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IndianaMichiganMidwestOhioRestaurantRetail

Four Corners Acquires 16 Properties Leased to Bob Evans Restaurants for $35.1M

by Kristin Harlow

INDIANA, MICHIGAN AND OHIO — Four Corners Property Trust (NYSE: FCPT) has acquired 16 properties occupied by Bob Evans Restaurants as part of a $35.1 million sale-leaseback transaction. The transaction was completed simultaneously with Golden Gate Capital’s acquisition of Bob Evans Restaurants from Bob Evans Farms Inc. In the Midwest, the properties are located in Indiana, Michigan and Ohio. The other properties within the portfolio are located in Delaware, Maryland, New York, Pennsylvania, Virginia and West Virginia. The properties are occupied under a single triple-net master lease with a 20-year initial term.

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LoansMidwestMultifamilyOhio

RED Provides $37.7M Construction Loan for Multifamily Property in Suburban Columbus, Ohio

by Kristin Harlow

NEW ALBANY, OHIO — RED Capital Partners has provided a $37.7 million loan for the construction of HQ Flats in New Albany, a northeast suburb of Columbus. CASTO is developing the 336-unit multifamily property, which will be located near the Hamilton Road and State Route 161 interchange. Terms of the non-recourse loan were not disclosed.

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