Saturday, November 15, 2025
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AcquisitionsMidwestOfficeOhio

Cushman & Wakefield Brokers Sale of 170,000 SF Office Campus in New Albany, Ohio

by Kristin Harlow

NEW ALBANY, OHIO — Cushman & Wakefield has brokered the sale of a 170,000-square-foot office campus located at 8111 Smith’s Mill Road in New Albany near Columbus. EOG Resources Inc., one of the largest crude oil and natural gas exploration and production companies in the United States, was the buyer. The campus will house EOG Resources’ new Columbus division, adding support for the company’s Utica Shale asset development close to its operations in the region. The LEED Gold-certified building offers office, training and lab facilities along with modern amenities. Randy Stephens and W. Allan Meadors of Cushman & Wakefield represented EOG Resources in the transaction. The company plans to open the new office later this year.

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AcquisitionsIllinoisIndustrialMidwestOhio

Investcorp Completes Disposition of Midwest Industrial Portfolio for $365M

by Kristin Harlow

CHICAGO, CLEVELAND, CINCINNATI AND COLUMBUS — Investcorp has sold a portfolio of Midwest industrial properties for $365 million. The assets total approximately 3.5 million square feet and are located within metro Chicago, Cleveland, Cincinnati and Columbus. The portfolio includes a group of 23 light industrial facilities spanning more than 2 million square feet across Columbus, Cincinnati and Cleveland as well as an eight-building, 1 million-square-foot industrial park located three miles from the Chicago O’Hare International Airport and a 434,000-square-foot distribution facility in metro Cleveland.

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OpenAI-Data-Center_Abilene-Texas
Data CentersDevelopmentIndustrialNew MexicoOhioTexasTop Stories

OpenAI, Partners Announce Five New Data Centers as Part of $500B Stargate Project

by Hayden Spiess

SAN FRANCISCO — OpenAI, along with Oracle Corp. (NYSE: ORCL) and SoftBank, has announced plans for the development of five new data centers in the United States. The new projects are part of the $500 billion Stargate initiative to expand American data center infrastructure, which was announced in January at the White House.  Together with the flagship site in Abilene, Texas, the new data centers will bring Stargate to more than $400 billion in investment and almost 7 gigawatts (GW) of planned capacity over the next three years.  OpenAI and Oracle will partner on three of the facilities — located in Shackelford County, Texas; Doña Ana County, New Mexico; and an additional site at an undisclosed location in the Midwest — which represent a $300 billion agreement between the companies.  According to OpenAI, these projects are expected to create more than 25,000 onsite jobs and thousands of additional jobs throughout the country. Together, the facilities will offer up to 4.5 GW of capacity.  A partnership between SoftBank and OpenAI will develop the other two data centers, which will have the capacity to scale to 1.5 GW over the next 18 months. One of the sites is located in Lordstown, Ohio, with …

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CivicDevelopmentMidwestOhio

Hammes Breaks Ground on 80,000 SF Academic Building in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Hammes has broken ground on OhioHealth Hall, an 80,000-square-foot academic building for healthcare education at Columbus State Community College in Columbus. The facility will feature labs, simulation spaces, classrooms and student amenities. The project, announced in June 2023, is a partnership with OhioHealth. Hammes Healthcare will serve as Columbus State’s project manager and owner’s representative. The architect is Moody Nolan, and Elford is serving as the construction manager.

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AcquisitionsMidwestOhioRetail

JLL Brokers $13.8M Sale of Grocery-Anchored Shopping Center in Fairview Park, Ohio

by Kristin Harlow

FAIRVIEW PARK, OHIO — JLL Capital Markets has brokered the $13.8 million sale of Fairview Centre, a 147,602-square-foot shopping center in the Cleveland suburb of Fairview Park. The grocery-anchored property consists of three buildings that are nearly 90 percent occupied by Giant Eagle, which has a 30-year tenure at the center. Additional tenants include Dollar Tree, Onyx Gyms, Goldfish Swim School, UPS and the American Cancer Society. Michael Nieder and Brian Page of JLL represented the seller, Lamar Cos. Axiom Realty purchased the asset.

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Leasing ActivityMidwestOfficeOhio

VIUM Capital to Relocate Headquarters to 14,808 SF Office at Grandview Yard Near Columbus

by Kristin Harlow

GRANDVIEW HEIGHTS, OHIO — VIUM Capital, a seniors housing and healthcare commercial real estate finance firm, has leased 14,808 square feet of new headquarters space at 995 Yard Street within Grandview Yard in Grandview Heights, just north of Columbus. Clayton Davis of JLL represented the tenant. Grandview Yard is a 125-acre mixed-use development featuring more than 1.2 million square feet of office space, 1,500 residences, hospitality, retail and restaurant uses. The neighborhood is home to businesses such as Nationwide Insurance, OhioHealth, Ernst & Young, Willis, Ineos and Acrisure. The office at 995 Yard St. consists of two connected four-story buildings totaling 245,000 square feet. Amenities include Crossings Café, a fitness center and conference facility. Construction on VIUM’s space is underway, with occupancy slated for the first quarter of 2026.

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AcquisitionsMidwestOhioRetail

CrownPoint Partners Sells Five-Property Dental Real Estate Portfolio in Ohio for $5.5M

by Kristin Harlow

OHIO — In a sale-leaseback transaction, CrownPoint Partners has sold a five-property dental real estate portfolio in Ohio for $5.5 million. A Midwest-based private investment fund focused on healthcare real estate was the buyer. The assets are located in Mansfield, Warren, Sidney, Akron and Eaton.

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Leasing ActivityMidwestOhioRetail

Academy Sports + Outdoors Opens 55,000 SF Store at Southland Crossings in Boardman, Ohio

by Kristin Harlow

BOARDMAN, OHIO — Academy Sports + Outdoors has opened a 55,000-square-foot store at Southland Crossings in Boardman, about 50 miles east of Akron. First National Realty Partners owns the 245,678-square-foot shopping center. The lease backfills a former vacancy and replaces a short-term tenant. The store offers a wide array of sporting goods, outdoor recreation equipment and apparel. Additional tenants at the property include Bob’s Discount Furniture, Boot Barn, Giant Eagle, PetSmart and Ross Dress for Less.

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DevelopmentMidwestOhioRetail

Topgolf to Open New Venue in Suburban Cleveland in Two Weeks

by Kristin Harlow

AVON, OHIO — Topgolf will open its new venue in Avon, about 20 miles west of downtown Cleveland, on Friday, Sept. 19. The facility is located at 35343 Chester Road and will employ roughly 200 people. Topgolf Avon features 64 outdoor climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables. The venue is equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. The venue also features a full-service restaurant and bar, private event space and outdoor patio.

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IndustrialMarket ReportsMidwestMidwest Market ReportsOhio

Why Industrial Users Are Taking a Closer Look at Cleveland

by Kristin Harlow

By David Stecker, JLL As advanced manufacturing reshapes industrial real estate across the Midwest, Cleveland is emerging as a quietly powerful hub — offering scalable space, a strategic location and infrastructure ideal for high-growth sectors. While other Midwest metros have gained national attention for headline-grabbing investments, Cleveland is carving out its own unique path to growth, supported by advanced industries, a skilled workforce and a strong real estate foundation. The region’s industrial market remains competitive and resilient, even amid broader economic headwinds. Despite the recent move-out of Joann Fabric’s 1.4 million-square-foot facility in Summit County, overall fundamentals remain healthy, and Class A space is in especially high demand.  For high-tech and manufacturing users seeking logistics-ready facilities in a cost-effective market, Cleveland delivers — offering the right mix of space, speed and strategic location that today’s industrial users are actively pursuing. A market of opportunity According to JLL’s second-quarter 2025 Cleveland Industrial Insights Report, total vacancy in the market sat at 3.8 percent. While this represents a slight uptick following Joann’s exit, it still signals robust market health. Class A availability is especially tight, driven by a wave of large leases signed in newly developed properties. That momentum is putting upward …

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