BEAVERCREEK, OHIO — CBRE has arranged the $12.5 million sale of a two-building, 142,400-square-foot industrial portfolio in Beavercreek near Cincinnati. CBRE’s Steve Timmel and Will Roberts represented the sellers, 2060 Heller LLC and 2070 Heller LLC. The buildings, located at 2060 and 2070 Heller Drive, are fully leased to an aerospace manufacturer. Each property includes a mix of office and production space designed to support specialized aerospace manufacturing and research functions.
COLUMBUS, OHIO — Trident Capital Group has announced five transactions and developments across the greater Columbus region, adding 1.9 million square feet of industrial space to its portfolio. Columbus Works Commerce Center Phase I (Building C) is a 191,077-square-foot facility in Columbus that was completed in fourth-quarter 2025 and is now fully leased to three tenants. Trident is currently constructing Columbus Works Commerce Center Phase II (Building D), which will total 177,607 square feet on 16.5 acres. The building will feature a clear height of 32 feet, 21 dock doors, three drive-in doors and 144 car parking spaces. Nick Tomasone and Kilar Mariotti of CBRE are handling leasing. In April, Trident acquired the Ease Logistics Distribution Center, a 308,358-square-foot build-to-suit facility in Marysville. Delivered in 2024, the asset is fully leased to Ease Logistics Services LLC. The property is situated on 25 acres within 33 Innovation Park. Under construction is Rickenbacker Industrial Center III in Lockbourne. Developed in partnership with O’Connor Capital Partners, the project totals 958,740 square feet of speculative space. The development is slated for completion in first-quarter 2027 and will feature a clear height of 40 feet, 104 dock doors, a 190-foot truck court, 238 trailer parking …
NORTH OLMSTED, OHIO — The Cooper Commercial Investment Group has brokered the $4.3 million sale of Bentley Coe Plaza, a 36,966-square-foot retail center in North Olmsted near Cleveland. Dan Cooper of Cooper Group represented the seller. The buyer was identified prior to formally marketing the property for sale. The asset traded at a 7.4 percent cap rate.
TROTWOOD, OHIO — CBRE has arranged the $18 million sale of a 380,000-square-foot distribution facility located at 1 Modern Way in Trotwood, a suburb of Dayton. Viking Partners purchased the property from Stratacache Inc. CBRE’s Will Roberts, Steve Timmel and Doug Whitten represented the seller. The facility is located just south of Dayton International Airport, offering immediate access to I-75 and I-70. Built in 2008, the development features 12,000 square feet of office space, clear heights ranging from 28 to 30 feet, 32 dock doors, four drive-in doors and rail service via CSX with an interior spur.
DAYTON, OHIO — Red Oak Capital Holdings LLC has provided $11.1 million in financing for the acquisition and capital improvements of Cottages of Clayton, a 90-unit assisted living community in Dayton. The bridge loan features an 18-month initial term and a loan-to-stabilized value of 69 percent. Stratos Athanassiades of Red Oak originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The borrower, Clayton Realco LLC, is a private investor group that owns and operates 12 senior living communities. Built in 1999, Cottages of Clayton features seven cottage-style buildings with 90 studio units. Each building contains its own kitchen, laundry facilities and resident lounge areas. Amenities include a dining room, activity room, salon and outdoor spaces.
COLUMBUS, OHIO — CASTO, in partnership with Columbus Metropolitan Housing Authority, The Weiler Co., The Kelley Family and Mark Cain, have opened Westrich, a 235-unit apartment community in the Franklinton neighborhood of Columbus. Oakwood Management Co. is the property manager. The five-story development includes 5,806 square feet of ground-floor retail space on Rich Street. Floor plans come in studio, one- and two-bedroom layouts. Amenities include a pool, fitness studio, resident lounge, pet spa and bike storage.
LIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million. Lima Center was 98 percent leased at the time of the loan closing to 10 tenants, including Five Below and Dollar Tree, and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot TJ Maxx. Jack Beida, Michael Muller and Mike Orlik of Eastern Union arranged the seven-year, fixed-rate mortgage on behalf of the borrower. The seller and the direct lender were not disclosed.
WADSWORTH, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical building occupied by Cleveland Clinic Urgent Care in Wadsworth near Akron. The property recently received nearly $7 million in upgrades from the Cleveland Clinic to transform the asset into a modern urgent care facility with onsite imaging and lab services. Dan Cooper of Cooper Group represented the seller, a private New York-based investor. The property sold at a 5.6 percent cap rate to another private investor based out of New York in an all-cash transaction.
ROCKY RIVER, OHIO — The Krueger Group (TKG) has opened Phase II of ORRIS, which brings 25 rental townhomes along Center Ridge Road in Rocky River, a suburb of Cleveland. Cross Street is handling leasing, marketing and property management. The residences are offered in two- and three-bedroom floor plans with attached two-car garages. The units average 2,600 to 2,700 square feet, with some larger floor plans exceeding 3,000 square feet. Monthly rents start at $4,700. The first phase of ORRIS was completed in 2024 and comprises a 54-unit apartment building. Residents of the townhomes enjoy full access to the amenities within Phase I, including a fitness center, coworking spaces, resident lounge areas, package and mail services, dry cleaning services and an outdoor courtyard.
LORAIN, OHIO — Lument has provided a $28 million HUD/FHA Section 221(d)(4) loan on behalf of TFG Housing Resources and Raise Up for the acquisition and substantial rehabilitation of Western Horizon, a 353-unit affordable housing community in Lorain, about 25 miles west of Cleveland. The transaction utilized a component of the Rental Assistance Demonstration (RAD) program that allows for blending RAD with Section 18 of the National Housing Act to fund the preservation of aging affordable housing. Lument’s Joey Hague led the transaction. The units were converted through the RAD program in conjunction with 4 percent Low-Income Housing Tax Credits through the Ohio Housing Finance Agency. In addition to the FHA mortgage, Lument Securities served as the underwriter for $9.2 million in tax-exempt bonds. Originally built in the 1950s as three separate communities, Leavitt Homes, Westview Terrace and Westgate Apartments have historically operated as public housing. As a result of the RAD conversion utilizing FHA financing, the properties now operate as one and are being rebranded as Western Horizon. Post renovation, all units will be assisted by project-based rental assistance with rents restricted to 60 percent of the area median income. TFG Housing Resources is a Columbus-based real estate developer …
