MELVILLE, N.Y. — A&G Realty Partners will handle the sale of 58 MC Sports leases in seven states across the Midwest following the retailer’s Chapter 11 bankruptcy filing. The locations range in size from 11,000 to 46,000 square feet. The stores are located in Iowa, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin. Bids are due no later than the close of business on Friday, April 7. MC Sports filed for Chapter 11 bankruptcy protection on Feb. 14 in the U.S. Bankruptcy Court, Western District of Michigan, Grand Rapids. A joint venture between Tiger Capital Group and Great American Group is currently conducting the going-out-of-business sale.
MIDDLEBURG HEIGHTS, OHIO — Sunsine Inc. has opened a new Home2 Suites by Hilton in Middleburg Heights near Cleveland. The hotel features 111 suites with fully equipped kitchens. Other features include a laundry and fitness area, daily breakfast, indoor pool and outdoor grill area. Located at 7355 Engle Road, the hotel offers convenient access to Cleveland Hopkins International Airport. Kaival Hospitality Management LLC manages the hotel owned by Sunsine.
NORTH RIDGEVILLE, OHIO — SkyView Advisors has arranged the sale of Fields Store-All in North Ridgeville, about 20 miles south of Dayton. The 122,239-square-foot self-storage facility sits on approximately eight acres. Valley Storage purchased the property from Fields Store-All LTD. Built between 1979 and 1997, the facility consists of 261 non-climate controlled units. The units range in size from 45 square feet to 1,200 square feet. Ryan Clark of SkyView Advisors represented the seller in the transaction.
FINDLAY, OHIO — Watseka, Ill.-based Big R has signed a 98,000-square-foot retail lease at a former Sears store in Findlay, 40 miles south of Toledo. The outdoor sporting goods store will occupy the space at the Findlay Village Mall located at 1800 N. Tiffin Ave. The building, vacant since 2014, is now under construction with a planned opening in the second quarter of 2017. This will be the second Ohio location for Big R, joining the recently opened location in Lima. Duke Wheeler of Reichle Klein Group represented the tenant in the lease transaction. JJ Gumberg Co. is the landlord for the mall.
CINCINNATI — NorthMarq Capital has arranged $24.6 million in acquisition financing for a 250-unit apartment property in Cincinnati. The 10-year loan includes a 25-year amortization schedule. NorthMarq arranged the financing for the undisclosed borrower through Freddie Mac.
FINDLAY, OHIO — Marcus & Millichap has arranged the sale of a Best Buy distribution center in Findlay for $46 million. The 1 million-square-foot center is Best Buy’s second-largest distribution facility and serves as one of the retailer’s regional distribution hubs for e-commerce and direct store fulfillment operations. Lori Schneider of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a national REIT.
MONROE, OHIO — IDI Gazeley has unveiled plans to develop Park North at Monroe Building 10, a 755,911-square-foot warehouse facility in Monroe, about 30 miles north of Cincinnati. Building 10 will be the largest 36-foot-clear-height availability in greater Cincinnati, according to CBRE. The facility is slated for completion in the fourth quarter of 2017. Jeremy Kraus of CBRE is marketing the building for lease. Park North at Monroe is a master-planned park located between Cincinnati and Dayton, with access to I-75. Tenants within the park include Home Depot, Cornerstone Brands and Hayneedle.
Millennials are the future, they’re concerned about the future and they’re bringing all of us into the future. This generation wants to live where they do their “living.” They want green space, bike paths, access to transit or shared transportation and an active neighborhood. In short, they want to live in downtown Columbus. Not the downtown of years ago, where the streets rolled up at 5 p.m. and you’d be hard-pressed to find a coffee shop open on the weekend. But the downtown of today, where green space is king, rooftops have followed, retail is popping up and there’s so much to do that sometimes it’s hard to decide what to choose. In 2002, the Columbus Downtown Development Corp. (CDDC) was formed and tasked with reshaping and revitalizing downtown Columbus into an urban hub. But would it work? Fifteen years later, we have the answer: the Millennials are coming, and they’re bringing everyone else with them. CDDC was created to lead game-changing city projects. Our ultimate goal is to give people and companies reasons to live, work and play downtown. We took an empty mall and turned it into an activated, mixed-use hub in the center of the city. We …
COLUMBUS, OHIO — Grandbridge Real Estate Capital has arranged a $10.1 million loan for the refinancing of a student housing property in Columbus. The property consists of 45 units and 127 beds. The 15-year, fixed-rate loan includes a 30-year amortization schedule. An insurance company provided the capital.
COLUMBUS, OHIO — The Columbus Downtown Development Corp. is seeking a national developer for a 21-acre mixed-use project at the Scioto Peninsula along the city’s waterfront. A request for qualifications (RFQ) was released on Friday. The Scioto Peninsula mixed-use development will include residential, commercial, office, retail and cultural amenities. The goal is to transform downtown Columbus and its waterfront areas into an active live, work and play environment for residents and visitors. The project will encompass 3.1 million square feet, including 1,575 to 1,800 apartments, up to 840,000 square feet of office space, 180,000 square feet of retail space and up to 240 hotel rooms. The Scioto Peninsula, located near the Scioto River, will be anchored by the National Veterans Memorial & Museum, which is slated to open in 2018, as well as the COSI science museum. The development site is adjacent to the Scioto Mile, Columbus’ system of waterfront parks, with easy access to recreational trails connecting to The Ohio State University, Victorian Village and other Columbus neighborhoods. RFQ submittals are due on March 27. A developer is expected to be chosen in July, and the project is expected to break ground in the first half of 2018.