Friday, January 24, 2025
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DevelopmentIndustrialMidwestOhio

Opus Group Breaks Ground on 250,829 SF Spec Industrial Building Near Columbus, Ohio

by Kristin Harlow

MARYSVILLE, OHIO — The Opus Group has broken ground on a 250,829-square-foot speculative industrial building in the Columbus suburb of Marysville. The project marks the only spec industrial development getting underway in central Ohio moving into the first quarter of 2025, according to Opus. Named 33 Commerce Center, the property is designed for manufacturing and light assembly uses. The building will offer four storefronts, each with clerestory glass entries. Additional building features include a 3,870-square-foot office space, clear height of 32 feet, interior and exterior LED lighting, 155 vehicle parking spaces, 24 equipped docks, four drive-in dock doors and room for future trailer parking. The development is part of 33 Innovation Park, which features a new utility infrastructure with high-capacity fiber optics. Completion is slated for August 2025. Opus is the developer, design-builder and architect of record for the project. AST Engineering is the structural engineer. Mike Spencer and Todd Spencer of Lee & Associates are marketing the project for lease.

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AcquisitionsIndustrialMidwestOhio

Pacific Manufacturing Expands Footprint in Fairfield, Ohio to 1 MSF

by Kristin Harlow

FAIRFIELD, OHIO — Pacific Manufacturing has expanded in Fairfield, a northern suburb of Cincinnati, by purchasing a building on its campus that doubles its square footage. The expansion includes investment in new machinery and equipment and will create 96 new jobs and add $4.7 million in annual payroll to its existing workforce of over 860 employees. The company’s presence in southwest Ohio has grown to more than 1 million square feet — owned and leased — across five buildings totaling 60 acres. Pacific Manufacturing, with its parent company based in Ogaki City, Japan, has been located in Fairfield since 1990. A supplier to the automotive industry, the company specializes in producing precision metal and plastic stamping components. The Ohio campus represents the company’s largest facility outside of Japan and is the second-largest manufacturing enterprise in Fairfield. The Fairfield City Council approved an incentive package for Pacific Manufacturing’s expansion and investment in the community. In addition, the State of Ohio approved a Job Creation Tax Credit. JobsOhio plans to offer assistance, which will be made public after a final agreement is executed.

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MidwestOhioRetail

Federal Judge Blocks Kroger-Albertsons Merger

by Kristin Harlow

CINCINNATI AND BOISE, IDAHO — A judge in the Oregon federal court has blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. U.S. District Judge Adrienne Nelson agreed with the Federal Trade Commission’s argument that Kroger would become the dominant player in traditional supermarkets if the deal passed, and rejected the companies’ counterargument that selling 579 stores to C&S Wholesale Grocers would replace the lost competition. In a press release issued today, Albertsons announced that it has exercised its right to terminate its merger agreement with Kroger. Additionally, Albertsons has filed a lawsuit against Kroger in the Delaware Court of Chancery. Albertsons states that Kroger refused to offer an adequate divesture package and repeatedly ignored regulators’ concerns, causing the merger to be blocked. Boise-based Albertsons operates 2,267 retail food and drug stores across 34 states and the District of Columbia under more than 20 banners such as Safeway, Jewel-Osco, Shaw’s, Acme and Tom Thumb. Cincinnati-based Kroger operates nearly 2,800 stores in 35 states under two dozen banners such as Mariano’s, Harris Teeter and Pick ‘n Save.

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DevelopmentMidwestMixed-UseOhio

Haslam Sports Group, Cleveland Browns Select Lincoln Property Co. as Development Partner for 176-Acre Entertainment District

by Kristin Harlow

BROOK PARK, OHIO — Haslam Sports Group (HSG) and the Cleveland Browns have selected Lincoln Property Co. as the development partner for the Browns’ 176-acre mixed-use entertainment district in the suburb of Brook Park. The development, designed by HKS, will be anchored by a new enclosed stadium for the 80-year-old NFL franchise, which is owned by Haslam. Located adjacent to Cleveland Hopkins International Airport, the 67,000-seat stadium will also host concerts, sports tournaments, events and conferences year-round. The entertainment district surrounding the stadium will be developed across multiple phases and will ultimately include 300,000 square feet of retail space, two upscale hotels, 1,100 apartments and 500,000 square feet of office space. Phase I, which is planned to deliver along with the stadium in 2029, will include 450 hotel rooms, 575 apartment units, 96,000 square feet of traditional retail and 137,000 square feet of experiential retail.

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IndustrialLeasing ActivityMidwestOhio

Omega Morgan Signs 250,020 SF Industrial Lease in Etna, Ohio

by Kristin Harlow

ETNA, OHIO — Omega Morgan has signed a full-building industrial lease totaling 250,020 square feet at The Cubes at Etna – Building D in Etna, about 20 miles east of Columbus. CRG completed development of the speculative facility in January. Located at 10300 Schuster Way, the building is part of The Cubes at Etna, a 305-acre master-planned industrial park. Building D was developed in partnership with an affiliate of LXP Industrial Trust. Omega Morgan works in specialized transportation, heavy rigging and machinery moving services. The company plans to utilize the building for distribution services to the Ohio Valley region. Building D features a rear-load design with a clear height of 36 feet, 32 fully equipped dock positions expandable to 50, 62 trailer stalls and a 60-foot speed bay. The building is supported by a 15-year, 100 percent tax abatement. The facility is located adjacent to the I-70 interchange at State Route 310. Joe Kimener of CBRE represented CRG, while Nick Tomasone of JLL represented the tenant. Contegra Construction served as the general contractor, and Lamar Johnson Collaborative was the architect. The Cubes at Etna has three remaining pad-ready sites that can accommodate build-to-suit users ranging from 250,000 to 800,000 square …

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Affordable HousingDevelopmentMidwestMultifamilyOhioSeniors Housing

Woda Cooper Completes 42-Unit Affordable Seniors Housing Community in Carrollton, Ohio

by Kristin Harlow

CARROLLTON, OHIO — Woda Cooper Cos. Inc. has completed Hemming Crossing, a 42-unit affordable seniors housing community in Carrollton, about 55 miles south of Akron. The three-story development is reserved for residents age 55 and older with incomes between 30 and 70 percent of the area median income. Hemming Crossing represents a $12.5 million investment in the community. Rents range from $315 to $830 per month, depending on income restriction and size of unit. Amenities include a community room with kitchenette, fitness center, grandchild playroom and outdoor playground. The project was made possible with funding supported by Low-Income Housing Tax Credits (LIHTCs) allocated by the Ohio Housing Finance Agency, which also provided an equity bridge loan. Marble Cliff Capital invested in the LIHTCs allocated to Hemming Crossing. Consumer National Bank provided a construction loan and first mortgage, and was a secondary investor in the tax credits. Appalachian Growth Capital provided a second soft mortgage. The project team included PCI Design Group, civil engineer Chadan Engineering and sustainability consultant Sol Design + Consulting. Woda Construction Inc. was the general contractor, and Woda Cooper’s management division, Woda Management & Real Estate, oversees leasing and property management.

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Leasing ActivityMidwestOhioRetail

Ten Retail Tenants Open at Easton Town Center in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Ten tenants have opened new locations at Easton Town Center in Columbus. CHANEL Fragrance and Beauty Boutique, David Yurman, Louis Vuitton, Hollister, Mugsy, Bluemercury, Tecovas, Rowan, BoxLunch and Mikey’s Late Night Slice are now open. Coming soon to the shopping destination are gorjana, Faherty, Bar Italia, Diamond Cellar and Altar’d State. Easton Town Center is home to more than 250 shops, restaurants and entertainment venues. Steiner + Associates handles leasing and management for the property.

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DevelopmentIndustrialMidwestOhio

Peak Construction to Build 747,000 SF Warehouse for HC Cos. in Middlefield, Ohio

by Kristin Harlow

MIDDLEFIELD, OHIO — Peak Construction Corp. will serve as the design-build contractor for a new 747,000-square-foot warehouse and distribution facility for The HC Companies in Middlefield, an eastern suburb of Cleveland. Scannell Properties is the developer. The project is being constructed adjacent to HC’s existing Ohio manufacturing facility. Site preparation is underway, with completion of the development slated for the third quarter of 2025. The project team includes Harris Architects, Weber Engineer Services and SMBH Structural Engineering. Headquartered in Twinsburg, Ohio, HC works in the horticultural industry and manufactures products for greenhouse, nursery, retail and commercial markets.

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AcquisitionsMidwestMultifamilyOhio

Clear Investment Group Acquires 70-Unit Multifamily Portfolio in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Clear Investment Group has acquired a 70-unit, value-add multifamily portfolio in Columbus for an undisclosed price. With this addition, Chicago-based Clear expands its presence in the Midwest to more than 450 units, when combined with a larger portfolio purchased in December 2023. CEO Amy Rubenstein says the acquisition aligns with the company’s growth strategy of finding distressed assets in the workforce housing sector.

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Data CentersDevelopmentMidwestOhioTop Stories

Cologix Acquires 154 Acres in Central Ohio, Plans $7B Data Center Campus

by John Nelson

JOHNSTOWN, OHIO — Cologix Inc., a hyperscale data center owner and operator, has purchased 154 acres in Johnstown, a Central Ohio city located about 25 miles northeast of Columbus. The Denver-based company plans to invest $7 billion for the development of a data center campus at the site. Upon completion, Cologix plans to have eight data centers that are “AI-ready” and have the capacity for 800 megawatts (MW) of scalable power. The firm plans to begin construction on the first phase in 2025, with the campus ultimately spanning 2 million square feet of data center space. The new campus will support the region’s advancing digital economy and provide “high-density, ultra-low latency and sustainable infrastructure” for hyperscale clients and enterprises that will tenant these new data centers. Cologix currently operates four data centers in Columbus with a combined footprint of 500,000 square feet and 80MW of power. The company delivered its fourth Columbus data center, a 256,000-square-foot facility dubbed COL4, this past summer. “As the largest provider of colocation and interconnection solutions in Columbus, we are thrilled to deepen our investment in Central Ohio,” says Laura Ortman, CEO of Cologix. “This new campus is more than an expansion — it’s a …

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