BEDFORD, OHIO — Greystone’s Real Estate Advisors group has arranged the sale of Woodside Village, a 211-unit assisted living and memory care community in the Cleveland suburb of Bedford, for $6.5 million. Pritok Capital purchased the property from a public healthcare REIT. MB Financial served as the lender on the transaction. Woodside Village was built in 1988 and sits on 20 acres. The facility is 164,920 square feet.
KETTERING, OHIO — Bernard Financial Group has arranged a $5.4 million loan to refinance Fox Hunt Apartments in Kettering, approximately six miles south of Dayton. The 250-unit complex consists of 17 two-story buildings. Fox Hunt Apartments was built in 1975 and is situated on 14.3 acres. Amenities at the property include a business center, fitness center, laundry facility, clubhouse, playground and swimming pool. Fox Hunt Owner LLC is the borrowing entity. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan through a CMBS lender.
WILMINGTON, OHIO — Marcus & Millichap has brokered the $4.9 million sale of a property net leased to JD Equipment in Wilmington, approximately 50 miles northwest of Cincinnati. JD Equipment carries John Deere, Hustler and Stihl farming and agriculture products. A limited liability company sold the 30,266-square-foot property, which is located at 7550 U.S. Route 68. John Reehil and Dan Yozwiak of Marcus & Millichap listed the property on behalf of the seller. Darpan Patel, Joel Dumes, Stan Falk and Steve Anevski of Marcus & Millichap represented the buyer, a limited liability company, in the transaction.
GRANDVIEW HEIGHTS, OHIO — C.H. Robinson, a global third-party logistics provider, has signed an 11,700-square-foot office lease at Grandview Yard, a 1.2 million-square-foot commercial development four miles northwest of downtown Columbus. C.H. Robinson will occupy space on the first floor of the 800 Yard Street building starting this fall. Other tenants in the building include Northwestern Mutual, Ernst & Young, Hilliard Lyons and Unum Life Insurance Co. Dina Zavislak of Mohr Partners and John Underman of Colliers International represented C.H. Robinson in the transaction. Christopher Bradley of Nationwide Realty Investors and Wayne Harer of Continental Realty represented the owner, Nationwide Realty Investors.
CLEVELAND — KeyBank has provided a $17.7 million loan for Hough Heritage, a 60-unit affordable housing seniors facility in Cleveland. The financing consists of an $8 million construction loan and a $9.7 million Low-Income Housing Tax Credit (LIHTC) investment from Key Community Development Corp. The three-story, garden-style community will target seniors 55 and older with incomes that are 50 to 60 percent of the area’s median household income. Hough Heritage will include 50 one-bedroom and 10 two-bedroom units. Kyle Kolesar and Ryan Olman of KeyBank arranged the financing.
TOLEDO, OHIO — Reichle Klein Group has brokered the sale of an 87-unit apartment property in Toledo for $1.2 million. Devonshire Apartments is a three-building property that is situated on 4.8 acres at 902 Gribbin Lane. Australia-based First Eleven LLC sold the property to an investor based on the East Coast. Walter Plath and Harlan Reichle of the Reichle Klein Group represented the seller in the transaction.
MADISONVILLE, OHIO — Skanska has signed a $51 million contract with RBM Development to oversee construction of the Dolce Lifestyle Hotel and Conference Center in Madisonville, approximately 10 miles northeast of Cincinnati. The project is a redevelopment of a former warehouse site and will convert an existing parking garage into a 239-room, 131,233-square-foot boutique hotel and conference center. The full-service, nine-story hotel will feature meeting spaces, 16 event spaces, a rooftop garden, outdoor dining area and a combined restaurant and lounge. Construction is scheduled to begin this month and is slated for completion in December 2017.
HAMILTON, OHIO — Sands Investment Group (SIG) has brokered the $10.2 million sale of a Kroger grocery store in Hamilton, approximately 30 miles north of Cincinnati. HOH Crimson LLC sold the 77,154-square-foot property located at 1450 S. Erie Blvd. to Exchangeright Real Estate LLC. This Kroger has increased sales every year since it opened and has 11 years remaining on its lease. Daniel Hoogesteger and Andrew Chana of SIG represented the seller in the transaction.
WEST CHESTER, OHIO — CBRE Group Inc. has arranged the $4.5 million sale of an industrial property in West Chester, approximately 25 miles north of Cincinnati. Ohio Eagle Distributing, a wholesale distributer of domestic, imported and craft beers, purchased the 136,550-square-foot building from Bakery Crafts LLC. The facility, located at 9300 Allen Road, features an office area with break room, hospitality and tasting room, private offices and a warehouse area. The building is situated on 15 acres. Robert Bunton of CBRE represented the seller in the transaction, and Rod MacEachen from SqFt Commercial represented the buyer. Ohio Eagle Distributing will relocate from its current space at 150 Lawton Ave. in Monroe after the building is retrofitted to Anheuser-Busch specifications.
WADSWORTH, OHIO — NAI Cummins has brokered the sale of a 25,600-square-foot industrial property in Wadsworth, approximately 40 miles south of Cleveland, for an undisclosed price. Koorsen Fire and Security purchased the facility at 875 Seville Road and is relocating from a smaller facility in Akron. The seller is a Massachusetts-based private entity. Bob Raskow, Scott Raskow and Jeff Davis of NAI Cummins represented both the buyer and seller in the transaction.