Ohio

ICP Begins Development of 107,500 SF Headquarters for ComDoc Near Columbus, Ohio

by Kristin Harlow June 4, 2018

JACKSON TOWNSHIP, OHIO — Industrial Commercial Properties LLC has begun development of a new headquarters and distribution center for ComDoc in Jackson Township, about 12 miles south of Akron. ComDoc is a subsidiary of Global Imaging Systems, a Xerox company. The 107,500-square-foot facility will be located on 12 acres on Pittsburg Avenue. The property will feature 32,500 square feet of office space and 75,000 square feet of distribution space. ComDoc plans to consolidate four northeast Ohio facilities at the new headquarters, which is slated for completion in the spring of 2019. M.E. Osborne Building Co. is the general contractor for the project.

June 4, 2018

Development Industrial Midwest Ohio

Opus to Construct 612,730 SF Speculative Warehouse in Middletown, Ohio

by Kristin Harlow May 31, 2018

MIDDLETOWN, OHIO — The Opus Group has unveiled plans to construct a 612,730-square-foot, speculative warehouse in Middletown, about 38 miles north of Cincinnati. The property will feature a clear height of 36 feet, 40 dock doors, 79 trailer positions and 410 car parking spaces. Construction is expected to begin in June with completion slated for May 2019. Opus Development Co. is the developer and Opus Design Build is the design-builder. Opus AE Group is the architect of record and structural engineer. The project is a joint venture with Founders Properties LLC. Norm Khoury and John Gartner of Colliers International will market the property for lease.

May 31, 2018

Development Hospitality Midwest Ohio

DoubleTree by Hilton Opens in Youngstown, Ohio

by Kristin Harlow May 30, 2018

YOUNGSTOWN, OHIO — The 125-room DoubleTree by Hilton Youngstown Downtown has opened in northeastern Ohio. Marshall Hotels & Resorts manages the 12-story hotel, while Pan Brothers Associates Inc. owns the property. Located at 44 E. Federal Plaza, the property was formerly known as the Stambaugh Building, an office building that opened in 1907. Hotel amenities include a business center, fitness center, Hilton’s Made Market and 5,300 square feet of meeting and event space. Guests can also dine at the Bistro 1907 restaurant.

May 30, 2018

Loans Midwest Multifamily Ohio

Hunt Mortgage Provides $9.7M Acquisition Loan for Multifamily Property in Toledo, Ohio

by Kristin Harlow May 24, 2018

TOLEDO, OHIO — Hunt Mortgage Group has provided a $9.7 million Freddie Mac loan for the acquisition of Jamestown of Toledo Apartments. Constructed in 1965, the 204-unit multifamily property comprises 19 buildings. The property features a mix of one-, two- and three-bedroom units. Jamestown Apartments 17 LLC, an entity fully owned by Watermark Partners Fund IV LLC, was the borrower. Watermark is a Michigan-based firm that owns and operates multifamily properties throughout the Midwest.

May 24, 2018

Industrial Loans Midwest Office Ohio

KeyBank Originates $125M CMBS Loan for Refinancing of 2.7 MSF Industrial, Office Portfolio

by Kristin Harlow May 23, 2018

CLEVELAND — KeyBank Real Estate Capital has originated a $125 million CMBS loan for the refinancing of Griffin Capital Essential Asset REIT II, a four-property commercial real estate portfolio. The properties total 2.7 million square feet and include two industrial buildings and two office buildings. The properties are located in Columbus, Ohio; Chicago; Las Vegas; and Birmingham, Ala. Randy Martin of Cleveland-based KeyBank originated the 10-year loan. In addition to KeyBank’s loan, Bank of America NA provided $125 million in CMBS financing.

May 23, 2018

Acquisitions Indiana Industrial Michigan Midwest Net Lease Ohio

Global Net Lease Acquires Five Industrial Assets in Midwest for $83M

by Kristin Harlow May 18, 2018

MICHIGAN, INDIANA AND OHIO — Global Net Lease Inc., a real estate investment trust focused on the acquisition of net lease industrial properties, has acquired five industrial assets representing approximately 1.4 million square feet for $83 million. Three of the buildings are located in Michigan with one in Indiana and one in Ohio. The properties are leased to Contractors Steel Co., a steel service supplier. The industrial buildings included in this transaction comprise all of Contractors Steel Co.’s facilities and also house the company’s offices, central inventory and processing depot.

May 18, 2018

Acquisitions Healthcare Midwest Ohio

Colliers Brokers Sale of 46,500 SF Medical Office Building in Dublin, Ohio for $2.3M

by Kristin Harlow May 17, 2018

DUBLIN, OHIO — Colliers International has brokered the sale of Stoneridge Medical Center in Dublin for $2.3 million. The 46,500-square-foot medical office building is located at 4015-4059 W. Dublin Granville Road. Current tenants include OSU Obstetrics and Gynecology and OSU Radiology. Jaimine Johnson, Christopher Potts, George Stecz and John Underman of Colliers represented the seller, LNR Partners. A Columbus, Ohio-based real estate investor was the buyer.

May 17, 2018

Acquisitions Midwest Net Lease Ohio Retail

Marcus & Millichap Brokers $1.1M Sale of Property Net Leased to Advance Auto Parts in Ohio

by Kristin Harlow May 16, 2018

LONDON, OHIO — Marcus & Millichap has brokered the $1.1 million sale of a 6,790-square-foot property net leased to Advance Auto Parts in London, about 25 miles southwest of Columbus. The property is located at 246 Lafayette St. The tenant recently exercised an early lease extension. Nathan Coe and Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The buyer was not disclosed.

May 16, 2018

Acquisitions Hospitality Midwest Ohio

MCR Acquires 84-Room Hilton Garden Inn Near Cincinnati

by Kristin Harlow May 10, 2018

LOVELAND, OHIO — MCR has acquired the 84-room Hilton Garden Inn Cincinnati Northeast in Loveland, about 20 miles northeast of Cincinnati. The purchase price was not disclosed. Located near I-275, the hotel features free Wi-Fi, a fitness center, indoor pool, business center, restaurant, convenience store and two meeting rooms. MCR will also manage the property.

May 10, 2018

Acquisitions Midwest Office Ohio

CBRE, NKF Broker Sale of 336,000 SF Office Building in Dayton, Ohio

by Kristin Harlow May 4, 2018

DAYTON, OHIO — CBRE and Newmark Knight Frank have brokered the sale of the 130 Building in downtown Dayton for an undisclosed price. The 23-story, 336,000-square-foot office building is located at 130 W. Second St. The buyer, Brian Lash, plans to add a number of amenities to the property, including a fitness center, co-working spaces, a banquet hall and additional meeting space. Matt Arnovitz of CBRE and Jim Vondran and Keith Yearout of NKF represented the seller, Titan Capital Investment Fund.

May 4, 2018

Newer Posts

Older Posts