Thursday, July 3, 2025
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DevelopmentMidwestMultifamilyOhio

Milhaus, Parse Capital Break Ground on 306-Unit Multifamily Property in Springdale, Ohio

by Kristin Harlow

SPRINGDALE, OHIO — Milhaus has partnered with Parse Capital to break ground on Slate, a 306-unit multifamily property in Springdale near Cincinnati. Located at 505 W. Crescentville Road, Slate will feature 216 garden-style apartment units and 90 townhomes across 22 buildings. Amenities will include a resident lounge, pool, coffee bar, fitness center and bark park. First Financial Bank is providing financing for the development, which marks Milhaus’ second project in Springdale following Array in 2023. Construction of Slate is slated for completion in spring 2026.

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AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Negotiates Sale of 82-Room Fairfield Inn & Suites Hotel Near Cleveland

by Kristin Harlow

AVON, OHIO — Laurel Real Estate Co. has negotiated the sale of the Fairfield Inn & Suites hotel in Avon near Cleveland for an undisclosed price. The 82-room property is located at 39050 Colorado Ave. Amenities include an indoor pool, fitness center and meeting space. Laurel represented the undisclosed seller and was the sole brokerage involved in the transaction, which was considered an off-market deal.

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AcquisitionsIndustrialMidwestOhio

Marcus & Millichap Negotiates $3.8M Sale of Industrial Property in Sidney, Ohio

by Kristin Harlow

SIDNEY, OHIO — Marcus & Millichap has arranged the $3.8 million sale of a 165,230-square-foot industrial property in Sidney, about 40 miles north of Dayton. Located at 1521 Michigan St., the facility sits on more than 33 acres at the intersection of I-75 and Michigan Street. Formerly home to Reliable Castings Corp., the property includes heavy manufacturing capacity, a machine shop, warehouse, distribution spaces and offices. Nathan Pealer of Marcus & Millichap represented the seller, Reliable Castings, and procured the buyers, Moxie Equities and Lido Realty. The complex sale involved a bankruptcy, a business winding down its operations and active equipment auctions taking place during the selling process, according to Pealer. The buyers plan to improve and lease the property, and marketing efforts are underway.

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AcquisitionsMidwestOhioRetail

Friedman Real Estate Arranges $4.8M Sale of Caliber Collision-Occupied Retail Property in Ohio

by Kristin Harlow

NORTH CANTON, OHIO — Friedman Real Estate has arranged the $4.8 million sale of a 12,000-square-foot retail property occupied by Caliber Collision in North Canton, just south of Akron. The newly constructed asset is located at 1550 W. Maple Road. Marc Hildenbrand and Steven Silverman of Friedman represented the buyer in the transaction.

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Leasing ActivityMidwestOhioRetail

Five New Retailers Open at Easton Gateway in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Five new retailers, including two first-to-Ohio locations, have opened or are coming soon at Easton Gateway, a collection of retail and restaurants located next to Easton Town Center in Columbus. Now open include SuitShop, SITKA Gear and Sí Señor. SuitShop’s first Ohio location offers yours-to-keep suits and tuxedos starting under $200. SITKA Gear invented the technical hunting apparel category. The location is the first in Ohio. Sí Señor Peruvian Sandwiches is a locally owned sandwich shop. although historically a lunch spot, the Easton restaurant will also serve dinner. Coming soon is Carhartt, which manufactures clothing known for exceptional durability and comfort. The store will be the first in Columbus. Bareburger will also open soon and is known for crafting burgers with organic and sustainably sourced ingredients. Easton Gateway is an extension and expansion of Easton Town Center and acts as the northeast anchor, or gateway, into the broader Easton development. Easton Gateway, developed in 2014, totals 650,000 square feet.

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DevelopmentIndustrialMidwestOhio

Sansone Group to Develop 212,000 SF Cold Storage Facility in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Sansone Group, in partnership with Clous Road Partners, has secured an 18.6-acre site in Columbus for the development of a 212,000-square-foot cold storage facility. Located on Groveport Road in the northern Rickenbacker submarket, the site is less than five miles from Rickenbacker International Airport and offers direct access to distribution routes, including I-270, I-70 and I-71. The project will feature temperature settings ranging from 40 to minus 20 degrees Fahrenheit and 50-foot clear freezer heights. Construction is expected to begin this summer. Sansone Group has partnered with JLL and CBRE to market the property. The project team includes Kadean Construction and Hercules Construction Management.

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AcquisitionsMidwestOhioRetail

American Commercial Realty Buys Seven Retail Centers in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — American Commercial Realty (ACR) has purchased seven retail centers in Columbus totaling approximately 215,000 square feet. There are five centers on and near the “Main Street” corridor east of downtown and two properties along the Dublin-Granville corridor in the city’s northeast side. The assets include Village Centre, Beechcroft Centre, Main Hamilton Center, 5156 E Main St Centre, Wyandotte Centre and McNaughten Center. ACR also unveiled that Marx Bagels, a kosher bagel bakery from Cincinnati with roots in the Columbus market, will be taking over the space at McNaughten Center long occupied by Block’s Bagels. Palm Beach Gardens, Fla.-based ACR owns and operates more than 2.5 million square feet of commercial properties in addition to a multifamily portfolio. The portfolio marks the company’s first Columbus acquisition.

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Leasing ActivityMidwestOhioRetail

New Tenants Open at Great Northern Mall in North Olmsted, Ohio

by Kristin Harlow

NORTH OLMSTED, OHIO — New tenants have opened at Great Northern Mall in North Olmsted, a western suburb of Cleveland. Prime Time Sports & Framing is a custom framing shop specializing in sports and entertainment memorabilia. The 7,916-square-foot space, located in the Dillard’s wing, features autographed memorabilia from Cleveland Browns and The Ohio State University players. Tracy’s Trinkets & Treasures, located near Phoenix Theatres, features more than 30 local and small handcrafted businesses. The 7,828-square-foot store offers a variety of goods, including organic bath products, candles, jewelry, wreaths, t-shirts and baked goods. Coming soon to Great Northern Mall are Build the Pho, One Pot and Texas Roadhouse. Projected to open this spring, Vietnamese restaurant Build the Pho will occupy 3,800 square feet with a patio. Slated to open in the fall, One Pot will serve Korean barbecue in its 5,600-square-foot space with a patio. Texas Roadhouse will occupy 7,900 square feet near JC Penney and is scheduled to open this fall. Operated by Pacific Retail Capital Partners, Great Northern Mall spans 1.2 million square feet with a mix of 100 national and local brands.

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Affordable HousingDevelopmentMidwestMultifamilyOhio

Frontline Development, Woda Cooper Break Ground on $17.6M Affordable Housing Community in Cleveland

by Kristin Harlow

CLEVELAND — Frontline Development Group LLC and Woda Cooper Cos. Inc. have broken ground on Gordon Crossing, a 54-unit affordable housing development that will provide housing options for residents earning up to 80 percent of the area median income in Cleveland. The $17.6 million project is backed by a combination of public and private funding. Located at the convergence of Hough and University Circle, Gordon Crossing sits at the heart of two neighborhoods. Hough is known for its revitalization, home to generations of families and a growing wave of investment. University Circle is a hub of institutions such as hospitals, universities and cultural anchors. The four-story development will feature 42 two-bedroom units and 12 three-bedroom apartments. Residents will have access to a community room with kitchenette, onsite management office, parcel room and outdoor spaces. Projected rents range from $362 to $1,699, depending on household income and unit size. The development is expected to house a diverse mix of residents, including caregivers, educators, hospitality and retail workers, civil servants and others. Gordon Crossing is supported by an equity investment from RBC Capital, utilizing housing tax credits allocated by the Ohio Housing Finance Agency (OHFA). Lenders include Dollar Bank, CF Bank, the …

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AcquisitionsMidwestOhioRetail

Automotive Properties REIT Acquires Tesla Collision Center in Suburban Columbus for $17.8M

by Kristin Harlow

DUBLIN, OHIO — Automotive Properties REIT has acquired a Tesla-occupied collision center in the Columbus suburb of Dublin for $17.8 million. The property consists of a roughly 94,000-square-foot Tesla collision service center facility on 6.3 acres along a commercial corridor at 5600 Britton Parkway near I-270. The REIT funded the purchase of the asset with cash on hand and by drawing on its revolving credit facilities. The seller was a third party.

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