LEWIS CENTER, OHIO — Romans Properties has brokered the $5 million sale of a data center in Lewis Center, about 20 miles north of Columbus. The 57,000-square-foot facility is located at 8180 Green Meadows Drive. The property is fully leased by Cyxtera, which provides data center colocation, cybersecurity and cloud-based services. Chris Orr of Romans represented the buyer, an institutional client. The seller was not disclosed.
NEW ALBANY, OHIO — Blue Horseshoe Ventures Ltd. has unveiled plans to develop Planet Oasis, a combined entertainment, attraction, action sport, food and beverage and health wellness venue. Project costs are estimated at $2 billion, according to local media reports. The 350-acre development will be located at the intersection of I-71 and State Route 36 in Delaware County and Berkshire Township near Columbus. Plans call for a 200,000-square-foot UltraStar Multi-tainment Center, which will house bowling, laser tag, video games, virtual golf, a movie theater and sports restaurant and bar. It will also house a “Uni-coaster” within a glass cylinder that will extend 150 to 200 feet in the air. Other attractions will include a 90,000-square-foot go-kart venue, a 10,000-square-foot indoor skydiving experience and a shooting gallery. The Mirage Entertainment District will be built around Lake Mirage, a 20-acre saltwater lake with sand beaches. The District will also feature an indoor waterpark and an indoor sports facility. The project will feature at least 15 hotels offering 4,000 rooms as well as 75 restaurants. A wellness resort known as Bloom will feature a 100-key hotel on its own lake. Blue Horseshoe expects to break ground in December, with a planned opening date of December 2019 …
LORDSTOWN, OHIO — Broadstone Net Lease Inc. has acquired a 210,497-square-foot distribution center in Lordstown, about 60 miles southeast of Cleveland. The purchase price was not disclosed. The property is fully occupied by The Anderson-DuBose Company, which distributes frozen, refrigerated and dry foods as well as paper goods to restaurants throughout Ohio, Pennsylvania, New York and West Virginia. Constructed in 2012 as a build-to-suit for the company, the property was expanded in 2017. Jeffrey Shell, Amie Sweeney, Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki of CBRE represented the seller, a REIT managed by U.S. Realty Advisors LLC. Steve Roth of CBRE secured financing on behalf of Broadstone.
CINCINNATI — Wilson Investment Properties has acquired a five-building industrial property spanning 100,656 square feet in metro Cincinnati. The fully occupied property is located eight miles from downtown Cincinnati and three miles from the Cincinnati/Northern Kentucky International Airport. The property was acquired at a 9.1 percent cap rate. Wilson Investment is a Silicon Valley-based real estate investment firm. Neither the purchase price nor the seller was disclosed.
CINCINNATI — NorthMarq Capital has arranged $31 million in construction financing for Encore Apartments at 716 Sycamore St. in Cincinnati. The 133-unit apartment property, which is now in the lease-up phase, features amenities such as a pool, observation lounge, outdoor kitchen, pet spa, clubroom and fitness center. Construction completed in 2017. Susan Branscome of NorthMarq arranged the 10-year loan, which features a 25-year amortization schedule. A life insurance company provided the loan on behalf of the undisclosed borrower.
MASON, OHIO — Chard Snyder, a third-party administrator of employee benefit solutions and wholly owned subsidiary of Ascensus, has opened its new corporate headquarters in Mason, about 25 miles north of Cincinnati. The 53,000-square-foot office property, located at 6867 Cintas Blvd., will house the company’s 170 team members with room to accommodate growth. Chard Snyder previously occupied space in Deerfield Township. Ascensus is a technology-enabled retirement, education and healthcare solutions provider. Al. Neyer was the general contractor.
HILLIARD, OHIO — Hunt Mortgage Group has provided a $17 million loan for the refinancing of One Mill Run in Hilliard, about 15 miles northwest of Columbus. Constructed in 1989, the nine-story office property spans 174,323 square feet and nine stories. The property is 95 percent leased. MSF Real Estate Capital Inc. arranged the loan. IMC Real Estate Management was the borrower. Over the past two years, the borrower implemented a number of capital improvements, including resurfacing of the main parking lot, upgrades to the LEED, security cameras and HVAC system, replacement of common area carpeting and renovations to each tenant space.
COLUMBUS, OHIO — Colliers International has negotiated the sale of Cambridge Apartments in Columbus for $2.1 million. The apartment building, located at 3170 Cleveland Ave., includes 66 units. Will Mathews, Russ Williamson, Carter Brehm, Tyler Hague and Jack Maloney of Colliers represented the seller, AMG Mario LLC. Ravi Chenna, a private buyer, purchased the asset.
HARTVILLE AND NORTH ROYALTON, OHIO — The Boulder Group has arranged the sale of two single-tenant properties net leased to CVS Pharmacy in Ohio for $5.2 million. The properties are located at 600 W. Maple St. in Hartville, about 15 miles north of Canton, and 8001 W. 130th St. in North Royalton, about 15 miles south of Cleveland. CVS has approximately five years remaining on its leases, which expire in January 2023. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate investment company. The buyer was a Southeast-based real estate partnership.
COLUMBUS, OHIO — Shake Shack has unveiled plans to open at Easton Town Center in Columbus in early 2019. The burger restaurant, which also serves chicken sandwiches, fries and shakes, will occupy 3,523 square feet. The space will feature an outdoor patio and seating for more than 100 people. Tabletops will be made from reclaimed bowling alley lanes in keeping with Shake Shack’s commitment to green architecture and eco-friendly construction. Easton Town Center is a $225 million mixed-use complex from Steiner + Associates.