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DevelopmentMidwestMultifamilyOhioSeniors Housing

M+A Architects Completes Design of $12M Affordable Senior Living Community in Ohio

by Kristin Harlow

HILLIARD, Ohio — Columbus, Ohio-based architecture and planning firm M+A Architects has completed its design work on The Ashford at Sturbridge, a $12 million affordable senior living project. Located in the Columbus suburb of Hilliard, The Ashford at Sturbridge is one of 400 affordable housing communities that Wallick Communities has developed. With 124 studio and one-bedroom units that will be able to house approximately 155 residents upon lease-up, the new facility offers both assisted living and independent living options.

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IndustrialLeasing ActivityMidwestOhio

Spartan Logistics Signs 257,962 SF Lease in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Spartan Logistics has signed a 257,962-square-foot industrial lease at 3100 Creekside in Columbus. The three-year lease brings the 340,000-square-foot property to 76 percent occupancy. Plymouth Industrial REIT Inc. owns the property. Spartan Logistics is a full-service, third-party logistics company providing transportation solutions throughout the United States and Canada. Spartan, which plans to use the facility for warehousing and distribution of personal care supplies, will take occupancy of the space in September. The company has several locations in Arkansas, Ohio and South Carolina.

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AcquisitionsMidwestOfficeOhio

Reichle Klein Group Arranges $1.7M Sale of Office Building in Maumee, Ohio

by Kristin Harlow

MAUMEE, OHIO — Reichle Klein Group has arranged the $1.7 million sale of the St. George Professional Office Building in Maumee, about 10 miles southwest of Toledo. The 16,307-square-foot property is located at 1661 Holland Road within Arrowhead Business Park. Ryan Miller of Reichle Klein represented the seller, KMP Management Group LLC. Toledo Med Partner LLC purchased the building.

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AcquisitionsIndianaMichiganMidwestOhioRetail

Albanese Cormier Acquires Nine Shopping Centers Totaling 758,983 SF

by Kristin Harlow

INDIANA, MICHIGAN, OHIO AND WEST VIRGINIA — Albanese Cormier Holdings has acquired nine shopping centers totaling 758,983 square feet in Indiana, Michigan, Ohio and West Virginia. The purchase prices were undisclosed. ShopOne Centers REIT was the seller. Representatives from May Real Estate, Cooper Commercial Investment Group, Marcus & Millichap and JLL brokered the sales. The average occupancy of the properties is 92 percent. The properties include: Pine Lake Shopping Center (147,017 square feet) in LaPorte, Ind.; Forest Park Plaza (104,231 square feet) in Brazil, Ind.; Phoenix Square (47,415 square feet) in South Haven, Mich.; Amberwood Center (34,553 square feet ) in Ashland, Ohio; Barberton Shopping Center (105,313 square feet ) in Barberton, Ohio; DeVeaux Village Shopping Center (72,050 square feet) in West Toledo, Ohio; Perrysburg Marketplace (101,859 square feet ) in Perrysburg, Ohio; Reynolds Plaza (110,479 square feet ) in South Toledo, Ohio; and Huntington Mall (36,066 square feet ) in Barboursville, W.Va.

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AcquisitionsIndustrialMidwestOhio

IPB Negotiates $13.7M Sale of Industrial Property in Findlay, Ohio

by Kristin Harlow

FINDLAY, OHIO — Industrial Property Brokers (IPB) has negotiated the sale of a 402,604-square-foot industrial facility in Findlay for $13.7 million. The building is situated on 55 acres. The sale also included 66 acres of undeveloped land that is located immediately adjacent to the facility. Tim Echemann of IPB represented the buyer, Nick Reinhart. American Tire Distributors was the seller.

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Leasing ActivityMidwestOhio

MOOYAH Burgers to Open in Middleburg Heights, Plans to Add Four Cleveland-Area Locations

by Kristin Harlow

MIDDLEBURG HEIGHTS, OHIO — MOOYAH Burgers, Fries & Shakes is set to open a Middleburg Heights restaurant in late September. The property is located at 19137 E. Bagley Road, south of Cleveland, and is the first restaurant for franchise owner Emad Tawfik. MOOYAH plans to expand across the Cleveland area with an additional four locations and more than 80 jobs over the next few years. Guests have the option to choose from a variety of bun options and six cheeses as well as fries, sweet potato fries and seven flavors of ice cream shakes.

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Leasing ActivityMidwestOhioRetail

Five Below Signs 10-Year Retail Lease in Rossford, Ohio

by Kristin Harlow

ROSSFORD, OHIO — Retailer Five Below has signed a 10-year lease at Crossroads Centre in Rossford, about five miles south of Toledo. Five Below will occupy 8,552 square feet at 9570 Fremont Pike. Crossroads Centre is a 464,713-square-foot regional shopping center situated on 66 acres. Duke Wheeler of Reichle Klein Group represented the undisclosed landlord in the lease transaction. Five Below is a discount retailer that sells products costing up to $5.

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LoansMidwestOhioRetail

NorthMarq Arranges $7M Acquisition Loan for Southland 75 Shopping Center in Dayton, Ohio

by Kristin Harlow

DAYTON, OHIO — NorthMarq has arranged a $7 million loan for the acquisition of Southland 75 Shopping Center in Dayton. The 117,410-square-foot retail center is located at 8265-8361 Springboro Pike. Major tenants include Dollar Tree, Hobby Lobby and Get Air Trampoline Park. Noah Juran of NorthMarq arranged the 10-year loan, which features a 25-year amortization schedule. A regional bank provided the loan for the undisclosed borrower.

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DevelopmentMidwestMultifamilyOhio

Pizzuti Underway on 100-Unit Multifamily Development in Columbus

by Kristin Harlow

COLUMBUS, OHIO — The Pizzuti Cos. is underway on the development of The Residences at The Sutton, a six-story multifamily project featuring 100 units and 123 parking spaces. The property is situated within the Short North neighborhood of Columbus, which is known for its art galleries, specialty shops, restaurants, pubs and coffee houses. Community amenities include a 2,000-square-foot rooftop deck, fitness center and package delivery room. Completion is slated for summer 2020. The Residences is the second phase of a multi-phase project, which includes a new mixed-use building located at 875 N. High St. The Offices at The Sutton is a four-story office and retail development that includes 45,000 square feet of office space and 12,000 square feet of ground-level retail space.

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DevelopmentIndustrialMidwestOhio

Messer Breaks Ground on 73,000 SF Spec Industrial Building at Former Cincinnati Gardens Site

by Kristin Harlow

CINCINNATI — Messer Construction has broken ground on a 73,000-square-foot speculative industrial building at 2249 Seymour Ave., formerly a parking lot for the Cincinnati Gardens complex. The Port of Greater Cincinnati Development Authority purchased the 19-acre gardens property in 2016 as part of its industrial revitalization strategy to create development-ready sites in order to attract advanced manufacturers to Hamilton County. Messer Construction bought a five-acre parcel from The Port for the construction of the new manufacturing facility and will develop it in partnership with Terrex Development. The project represents a $6.5 million investment, according to Tim Steigerwald, president and CEO of Messer. The project team includes BHDP Architecture, Colliers International and Fifth Third Bank. Completion is slated for next year.

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