Saturday, August 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Ohio

AcquisitionsMidwestOhioRetail

O’Connor Capital Partners Acquires Full Ownership of 1.3 MSF Polaris Fashion Place Mall in Columbus

by Kristin Harlow

COLUMBUS, OHIO — O’Connor Capital Partners has acquired full ownership of Polaris Fashion Place, a shopping mall in Columbus. The seller was locally based Washington Prime Group, according to The Columbus Dispatch. As part of the acquisition, O’Connor will assume full operational control of the property, overseeing day-to-day management, leasing and operations. O’Connor has been a longstanding investor in the center for more than a decade. Polaris Fashion Place, which totals nearly 1.3 million square feet and opened in October 2001, is home to more than 160 national and local retail, dining and entertainment tenants. The lifestyle center comprises both enclosed and open-air components.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareMidwestOhio

Cooper Group Brokers $8.8M Sale of Medical Office Building in Metro Cleveland

by Kristin Harlow

CHAGRIN FALLS, OHIO — The Cooper Commercial Investment Group has brokered the $8.8 million sale of the Winbury Professional & Medical Center in the Cleveland suburb of Chagrin Falls. The 54,505-square-foot medical office building features landscaped grounds, private entrances and a conference room. Dan Cooper of Cooper Group represented the seller, a local real estate investment group out of Cleveland. The private West Coast-based buying group purchased the asset at 98 percent of the list price and $168 per square foot.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Brokers $3.2M Sale of Buffalo Wild Wings-Occupied Restaurant Property in Columbus

by Kristin Harlow

COLUMBUS, OHIO — The Cooper Commercial Investment Group has brokered the $3.2 million sale of a single-tenant restaurant property occupied by Buffalo Wild Wings within the Easton retail corridor in Columbus. Dan Cooper of Cooper Group represented the seller, a private investment group out of West Virginia. The buyer purchased the asset at a cap rate of 5.85 percent, 98 percent of the list price and $413 per square foot. The all-cash transaction closed in approximately 40 days. Buffalo Wild Wings has 10 years remaining on its lease with a rental increase in 2030. The property was renovated in 2020.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestOfficeOhio

CBRE Opens 17,500 SF Office at Oswald Tower in Cleveland

by Kristin Harlow

CLEVELAND — CBRE has opened its new 17,500-square-foot office on the eighth floor of Oswald Tower at 950 Main Ave. in Cleveland’s Flats neighborhood. The firm has relocated from the second floor of the same building, where it provides leasing and property management services. The new office is part of CBRE’s Workplace360 program, which features innovative technology and a variety of collaborative spaces designed to support hybrid working. CBRE has opened more than 100 Workplace360 offices across the globe. CBRE has been an anchor tenant at the Cleveland office tower since the property was built in 2013.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisIndustrialLoansMidwestOhio

JLL Secures $64M Refinancing for 1.1 MSF Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow

CHICAGO AND CINCINNATI — JLL Capital Markets has secured $64 million in refinancing for TradeLane Properties’ Midwest Light Industrial Portfolio, a collection of 13 industrial assets totaling 1.1 million square feet across metro Chicago and Cincinnati. The properties are fully leased to 17 tenants, with industries ranging from automotive and food users to manufacturing, distribution, e-commerce and pharmaceuticals. Lucas Borges and Ethan Habecker of JLL secured a floating-rate, five-year loan through a regional bank. JLL’s wholly owned internal derivatives team, Kensington Capital Advisors, assisted TradeLane with the execution of an interest rate hedge to assist with managing the borrower’s exposure to floating interest rate risk.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestOhio

Marcus & Millichap Brokers $2.5M Sale of Columbus Industrial Property

by Kristin Harlow

COLUMBUS, OHIO — Marcus & Millichap has brokered the $2.5 million sale of a 25,360-square-foot industrial property in Columbus. Located at 2536 Creekway Drive, the asset is fully leased to Service Partners under a new triple-net lease with 2.5 percent annual increases through May 2029. The tenant, a subsidiary of TopBuild Corp., occupies both bays of the facility, which was built in 1988 on 1.5 acres. Service Partners relocated to the site in summer 2024 from Mansfield, Ohio. Nathan Pealer of Marcus & Millichap represented the seller, an entity doing business as RM-USE LLC. The property sold for 99 percent of the asking price.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareLoansMidwestOhio

MMCC Arranges $5.1M Acquisition Loan for Medical Office Property in Canal Winchester, Ohio

by Kristin Harlow

CANAL WINCHESTER, OHIO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5.1 million acquisition loan for a medical office property located at 9695 Basil Western Road in Canal Winchester, a southeast suburb of Columbus. The building is home to MedVet, which operates a 24-hour emergency vet. Chad O’Connor of MMCC arranged the financing with a credit union on behalf of the private borrower. The 10-year loan features a 6.5 percent interest rate, 30-year amortization period and 60 percent loan-to-value ratio.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMidwestMultifamilyOhio

Woda Cooper, Franklinton Development Association Open 97-Unit Affordable Housing Project in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Woda Cooper Cos. Inc. and co-developer Franklinton Development Association (FDA) have opened Starling Yard, a 97-unit affordable housing project in Columbus. The project involved the adaptive reuse of a vacant school built in 1908 along with two new-construction buildings. Starling Yard is situated in the Franklinton neighborhood on the west side of Columbus between Central and Brehl avenues. Originally built as West High School, the building later served as Starling Middle School before it closed in 2013. The property was purchased for the development project through an agreement with the Board of Education of the Columbus City School District. Starling Yard offers one-, two- and three-bedroom units for residents with household incomes of 30 to 80 percent of the area median income. Rental rates range from $401 to $1,295 per month, depending on income restriction and size of unit. There are five units adapted for those with mobility challenges and four units for those with sight and hearing disabilities. The restored school building features 45 units that preserve architectural features such as original tin ceilings, flooring, doors, trim and chalkboards. The new buildings total 52 units and rise three stories. Amenities include a community room, laundry room, …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyOhio

Abide Capital, MCB Acquire Harlow on Main Apartment Complex in Columbus for $16.5M

by Kristin Harlow

COLUMBUS, OHIO — Abide Capital Group and joint venture partner MCB Real Estate have acquired Harlow on Main, a 120-unit apartment complex in downtown Columbus, for $16.5 million. Purpose-built for working professionals and recent graduates, the property at 195 E. Main St. in the Civic Center District was completed in 2020. At the time of sale, Harlow on Main was more than 86 percent leased. The asset features 7,000 square feet of ground-floor retail space, structured parking and an amenity suite. WesBanco provided acquisition financing. Newmark marketed the property for sale on behalf of the undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentMidwestMultifamilyOhio

Vision Cos. Acquires 28.5-Acre Multifamily Development Site in Kettering, Ohio

by Kristin Harlow

KETTERING, OHIO — Vision Cos. has acquired 28.5 acres within the Miami Valley Research Park (MVRP) in Kettering, an inner suburb of Dayton. The property is adjacent to Industrial Commercial Properties’ (ICP) Sixth River office park. As part of the Sixth River overall master plan, Vision plans to build a market-rate multifamily community, the first large multifamily project built in the city since the mid-1980s, according to a release. Known as VC Flats, the project will feature approximately 264 apartment units across nine three-story buildings. Proposed amenities include a clubhouse, fitness center, pool, sand volleyball court, outdoor patio and rooftop deck offering views of the adjacent lake. The project is made possible through collaborative efforts by the city and ICP, which played a role in zoning adjustments and crafting incentive packages to attract a residential developer and operator. MVRP is home to several major employers, including Reynolds & Reynolds, Solvita, Matrix Research, Resonant Sciences, Woolpert, Resonetics and Eastman Kodak. ICP continues to retain ownership of the adjacent Sixth River office park, which includes 290,000 square feet of office space across five buildings. ICP also has additional land sites for further commercial development opportunities within the research park.    

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts