REBusinessOnline

Pizzuti, Capital University Partner on 145-Unit Apartment Project in Columbus

COLUMBUS, OHIO — The Pizzuti Cos. and Capital University have formed a joint venture to redevelop an existing surface parking lot located along South Grant Avenue near the university’s law school in Columbus. Plans call for a six-story building with 145 apartment units, 7,000 square feet of rooftop amenity space and 3,500 square feet of ground-floor restaurant space. The third phase of Library Park, the project will feature a wellness center, cycle studio, coworking spaces and an onsite …

Harbor Bay Real Estate Advisors to Develop 298-Unit Apartment Project in Cleveland

CLEVELAND — Harbor Bay Real Estate Advisors has unveiled plans to develop INTRO Cleveland, a 298-unit apartment project in Cleveland’s Ohio City neighborhood. The nine-story project will also include nearly 40,000 square feet of retail space and 340 parking spaces. TSB Capital Advisors arranged an undisclosed amount of construction financing with First National Bank of Omaha, First National Bank of Pennsylvania and Busey Bank. In addition, Ohio’s Development Services Agency provided a …

Marcus & Millichap Arranges Sale of 193-Unit Self-Storage Facility in Norwalk, Ohio

NORWALK, OHIO — Marcus & Millichap has arranged the sale of an Action Mini Storage facility in Norwalk, about 55 miles west of Cleveland. The sales price was undisclosed. The property, located at 3837 Laylin Road, features 193 non-climate-controlled units and totals 28,850 net rentable square feet. Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the facility on behalf of the seller, a limited liability company. The duo also secured and represented the buyer, a limited …

Flaherty & Collins Begins Construction of $80M Luxury Apartment Project in Cleveland Heights

CLEVELAND HEIGHTS, OHIO — Flaherty & Collins Properties, an Indiana-based developer, has started construction of The Ascent at Top of the Hill, an $80 million luxury apartment project in Cleveland Heights. The 261-unit community will also include 11,000 square feet of retail space and a 500-space parking garage. The 460,056-square-foot development is situated on a four-acre parcel at the intersection of Cedar Road and Euclid Heights Boulevard. Amenities will include a rooftop pool and …

SkyView Advisors Brokers Sale of 478-Unit Self-Storage Facility in Copley, Ohio

COPLEY, OHIO — SkyView Advisors has brokered the sale of a West Side Storage facility in Copley, about seven miles west of Akron. The sales price was undisclosed. The 478-unit self-storage facility spans 57,016 square feet. It sits on 12.4 acres at 1252 Mina Ave. Zack Urow and Ryan Clark of SkyView represented the undisclosed

Konover South Acquires Retail Center in Cleveland for $3M

CLEVELAND — Konover South LLC has acquired the University Corners retail center, which is situated in Cleveland’s University Heights neighborhood. The purchase price was $3 million. The seller was undisclosed. Family Dollar anchors the 43,000-square-foot retail center. Other tenants include Anytime Fitness, Sherwin-Williams, Boost Mobile and Nationwide Insurance. KS Lending Corp. provided a $2.3 million loan for the acquisition, which was completed through Ten-X Commercial. Konover South …

Kintetsu Renews 33,824 SF Industrial Lease in Middleburg Heights, Ohio

MIDDLEBURG HEIGHTS, OHIO — Kintetsu World Express has renewed its 33,824-square-foot industrial lease at 17820 Englewood Drive in Middleburg Heights, about 17 miles south of Cleveland. Japan-based Kintetsu is an air freight forwarding company. Mark Miller of NAI Robert Lynn, along with David Hexter and Jeffrey Calig of NAI Plesant Valley, represented the tenant in the lease transaction. Kintetsu has operated at the location since

Greystone Provides $6.5M Refinancing for Multifamily Property in Marion, Ohio

MARION, OHIO — Greystone has provided a $6.5 million Fannie Mae loan for the refinancing of Professional Park Apartments in Marion, about 50 miles north of Columbus. The 100-unit multifamily property is situated on seven acres and features a mix of garden- and townhome-style units. Jason Yuen of Greystone originated the 10-year loan, which features a 30-year amortization. The West 5 Group was the

Kroger Health Expands Free Drive-Thru Testing Sites for COVID-19

CINCINNATI — Kroger Health, the healthcare division of The Kroger Co., has expanded free COVID-19 testing sites to Colorado, Michigan, Ohio and Tennessee, joining existing sites in Kentucky and Tennessee. Kroger pharmacists will be able to initiate the lab order and observe self-administered testing where allowable by law. For the testing, patients remain in their cars and use self-administered nasal swabs. Testing services are provided at no cost to all priority groups, including healthcare …

Zamir Equities Acquires 538,437 SF Columbia Plaza Office Building in Downtown Cincinnati

CINCINNATI — Zamir Equities LLC, a private equity investment firm based in New York City, has acquired Columbia Plaza, a 538,437-square-foot office building in downtown Cincinnati. The 29-story tower is located at 250 E. 5th St. near the entertainment districts of Newport and Covington, as well as The Banks, the home stadium of the Cincinnati Bengals and Reds. The building was constructed in 1984. Columbia Plaza’s amenities include a fitness center with classes, a 3,000-square-foot …

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