The Coyne Report - December 19, 2025
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Featured Coyne Listing
8820 East Ave. | Mentor

8820 East Ave. | Mentor

The Coyne Team successfully represented the buyers in the purchase of a 150,000 SF industrial building at 8820 East Ave. in Mentor. 

 

Coming Soon: Industrial space available for lease at 8820 East Ave.

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This Week's Top Sales
Multi-Property Industrial Investment Sale & Mortgage

Multi-Property Industrial Investment Sale & Mortgage

$110,500,000 ($87.28/SF)

1,265,995 SF

5275 Centerpoint Pkwy. | Groveport

$30,250,000 ($97.21/SF)

311,190 SF

1200 S. Chillicothe Rd. | Aurora

$27,500,000 ($67.14/SF)

409,569 SF

2130 Rohr. Rd. | Lockbourne

$26,950,000 ($97.54/SF)

276,284 SF

6054 Shook Rd. | Lockbourne

$25,800,000 ($95.93/SF)

268,952 SF

Seller: Ares Management Corporation | Pinchal & Company | Buyer: NorthPoint Development

Mortgage Consideration: $120,450,000

Grantor: NorthPoint Development | Grantee: Jackson National Life Insurance Company

Learn More

6675 Parkland Blvd. | Solon

6675 Parkland Blvd. | Solon

Industrial Sale

$12,500,000 ($121.37/SF)

102,990 SF

Seller: Industrial Commercial Properties | Buyer: Rupes USA, Inc.

626 34th St. NW. | Canton

626 34th St. NW. | Canton

Nursing Home Sale

$10,375,000 ($159.65/SF)

64,984 SF

Seller: Bethany Nursing Home Inc. | Buyer: 626 34th St NW Legacy LLC

Multi-Parcel Farmland Sale & Mortgage in Paulding County

Multi-Parcel Farmland Sale & Mortgage in Paulding County

$10,002,099 ($11,865/AC)

843.023 AC

Seller: Rolland Mills Andrews, Jr., Trustee | Buyer: Randall Brothers Farms LLC

Mortgage Consideration: $8,000,000

Grantor: Randall Brothers Farms LLC | Grantee: Farm Credit Mid-America, FLCA

Learn More

775 W. Curry Rd. | Wilmington

775 W. Curry Rd. | Wilmington

Retail Sale

$8,943,750 ($212.14/SF)

42,160 SF

Seller: Lazydays RV of Ohio LLC | Buyer: CI Wilmington LLC

7677 Yankee St., Unit 210 | Dayton

7677 Yankee St., Unit 210 | Dayton

Office Condominium Sale

$7,192,403 ($246.55/SF)

29,172 SF

Seller: John S. Urse | H. Brent Bamberger | Jan E. Saunders | Joseph D. Dicicco | Brian J. Ceccarelli | Buyer: OA Real Estate Portfolio, LLC

525 Sawyer Blvd. | Columbus

525 Sawyer Blvd. | Columbus

Multi-Family Sale

$7,000,000 ($17,766/Unit)

394 Units

Seller: Paxe Latitude LP | Buyer: 525 Sawyer Partners LP

225 Northland Blvd. | Springdale

225 Northland Blvd. | Springdale

Industrial Sale

$5,500,000 ($109.13/SF)

50,400 SF

Seller: Masters Supply Inc. | Buyer: MSI Properties Louisville LLC

3471-3491 S. High St. | Columbus

3471-3491 S. High St. | Columbus

Retail Sale

$5,250,000 ($125.92/SF)

41,692 SF

Seller: WTOL II LLC | Buyer: Worthill CO-South High Retail LLC

8124 Darrow Rd. | Twinsburg

8124 Darrow Rd. | Twinsburg

Child Care Center Sale

$4,800,000 ($397.35/SF)

12,080 SF

Seller: Hunterlane Limited | Buyer: Twinsburg REA LLC

Executed Leases Over 10,000 SF
5380 Vine St. | Cincinnati

5380 Vine St. | Cincinnati

Industrial Lease

186,000 SF

Lease Rep Company: Cushman & Wakefield, Silver State Realty & Investments

3188 Progress Way | Wilmington

3188 Progress Way | Wilmington

Industrial Lease

121,600 SF

Lease Rep Company: Cushman & Wakefield

7774-7810 Whipple Ave. NW. | Canton

7774-7810 Whipple Ave. NW. | Canton

Industrial Lease

60,100 SF

Lease Rep Company: ICP LLC

2611 E. Crescentville Rd. | Cincinnati

2611 E. Crescentville Rd. | Cincinnati

Industrial Lease

15,500 SF

Lease Rep Company: CBRE

16758 W. Park Circle Dr. | Bainbridge Township

16758 W. Park Circle Dr. | Bainbridge Township

Industrial Lease

14,400 SF

Tenant: Auburn Heating

Lease Rep Company: Chagrin Valley Commercial Real Estate

Top New Sale & Lease Listings
150 Loomis Pkwy. | Ravenna

150 Loomis Pkwy. | Ravenna

Industrial for Sublease

Lease Rate: $5.95/NNN

152,259 SF Available

Sublease Contact: David Stecker of JLL

11540-11630 Mosteller Rd. | Sharonville

11540-11630 Mosteller Rd. | Sharonville

Industrial for Sublease

121,981 SF Available

Sublease Contact: Erin Casey of Colliers

10550 Johnstown Rd. | New Albany

10550 Johnstown Rd. | New Albany

Land for Sale

$7,800,000 ($655,462/AC)

11.9 AC

Sale Contact: Darlene Kuzmic of Parker Realty Group

1800 Deffenbaugh Ct. | Columbus

1800 Deffenbaugh Ct. | Columbus

Industrial for Sublease

84,060 SF Available

Sublease Contact: Joel Yakovac of Colliers

1602-1608 Valley St. | Dayton

1602-1608 Valley St. | Dayton

Service/Retail Center for Sale

$4,900,000 ($281.92/SF)

Cap Rate: 3.00%

17,381 SF

Sale Contact: Steve Callahan of Plum Tree Realty

4403 Equity Dr. | Columbus

4403 Equity Dr. | Columbus

Industrial for Lease

79,661 SF Available

Lease Contact: Shane Woloshan of Colliers

5051 Freeway Dr. E. | Columbus

5051 Freeway Dr. E. | Columbus

Industrial for Lease

Lease Rate: $8.00/NNN

76,320 SF Available

Lease Contact: Woody Walton of Matthews Real Estate Investment Services

4205 Highlander Pkwy. | Richfield

4205 Highlander Pkwy. | Richfield

Office for Sublease

Lease Rate: $21.50/FS

70,773 SF Available

Sublease Contact: Rico Pietro of Cushman & Wakefield | CRESCO Real Estate

3483-3585 E. Fulton St. | Columbus

3483-3585 E. Fulton St. | Columbus

Industrial for Sale

$3,800,000 ($59.87/SF)

63,468 SF

Sale Contact: Julie Cohen of The Robert Weiler Company

809 S. Pleasant St. | Montpelier

809 S. Pleasant St. | Montpelier

Industrial for Sale & Lease

$950,000 ($15.08/SF)

Lease Rate: $3.75/NNN

62,992 SF RBA/Available

Sale & Lease Contact: Craig Herschel of Cushman & Wakefield

4301 James H. McGee Blvd. | Dayton

4301 James H. McGee Blvd. | Dayton

Industrial for Lease

Lease Rate: $5.00/MG

47,830 SF Available

Lease Rate: $3.00/MG

13,000 SF Available

Lease Contact: Nick Miller-Jacobson of Crest Commercial Realty

7829 Ponderosa Rd. | Perrysburg

7829 Ponderosa Rd. | Perrysburg

Industrial for Lease

Lease Rate: $6.75/NNN

58,000 SF Available

Lease Contact: Zach Liber of Signature Associates

1520 Isaac Beal Rd. | Bucyrus

1520 Isaac Beal Rd. | Bucyrus

Industrial for Lease

Lease Rate: $3.00/+UTIL

30,000 SF Available

Lease Contact: Joe Dzugan of Dzugan Real Estate Services

Top Mortgages
Multiple Multi-Family Rental Properties

Multiple Multi-Family Rental Properties

Licking, Franklin, Portage, Miami, Clermont, & Greene Counties

Consideration: $282,366,000

Grantor: LMRK Owner I LLC | Grantee: Barclays Bank PLC

154 Commerce Blvd. | Loveland 12080 Mosteller Rd. | Sharonville 382 Circle Freeway Dr. | Cincinnati

154 Commerce Blvd. | Loveland

12080 Mosteller Rd. | Sharonville

382 Circle Freeway Dr. | Cincinnati

Hamilton & Butler Counties

Consideration: $273,000,000

Grantor: FRG-X-CO-OH LP | Grantee: Capital One, National Association

590 Taylor Rd. | Gahanna

590 Taylor Rd. | Gahanna

Franklin County

Consideration: $150,600,000

Grantor: NF V Simply Columbus, LLC | Grantee: Western Alliance Bank

350 Straight St. | Cincinnati

350 Straight St. | Cincinnati

Hamilton County

Consideration: $127,000,000

Grantor: Core Cincinnati Stratford, LLC | Grantee: JPMorgan Chase Bank, N.A.

2880 & 2886 S. Hamilton Rd. | Columbus

2880 & 2886 S. Hamilton Rd. | Columbus

Franklin County

Consideration: $104,000,000

Grantor: AREC RW, LLC | UHIL RW, LLC | Grantee: Bank of Montreal

2660-2694 Winchester Pike | Columbus

2660-2694 Winchester Pike | Columbus

Franklin County

Consideration: $90,000,000

Grantor: Columbus Winchester Pike LLC | Grantee: BO HIG-BD Rally Lender LLC

191 Rosa Parks St. | Cincinnati

191 Rosa Parks St. | Cincinnati

Hamilton County

Consideration: $65,500,000

Grantor: Buckeye Power Funding Company LLC | Grantee: National Bank of Kuwait, S.A.K.P., Grand Cayman Branch

hom-flats-at-forest-2_900xx1400-788-0-67

325 Homewood Ave. & Forest Ave. | Dayton

Montgomery County

Consideration: $49,614,097

Grantor: Magnus Forest Ave LP | Grantee: Merchants Bank of Indiana

3781 Eastern Hills Lane | Cincinnati

3781 Eastern Hills Lane | Cincinnati

Hamilton County

Consideration: $42,395,000

Grantor: Cambridge Arms Preservation, L.P. | Grantee: Walker & Dunlop, LLC

4584 Samoyed Dr. | Canal Winchester

4584 Samoyed Dr. | Canal Winchester

Franklin County

Consideration: $39,000,000

Grantor: 4584 Samoyed Drive Owner, LLC | Grantee: Prime Finance Short Duration Holding Company 9, LLC

Industry News & Insights

CLEVELAND

  • What’s behind the big mosque and school expansion on Cleveland’s West Side? 
  • Rockefeller buyer has big plans for site 
  • Cleveland ERA Gets Results:  World-Renowned Development Association to Host National 2026 Conference in Cleveland 
  • Ohio manufacturing nonprofit faces funding suspension, putting jobs and industry support at risk 
  • Plan to revitalize old Richmond Town Square Mall site clears a big hurdle 
  • Neighbors push back as Lorain County 'mega site' receives first zoning hearing 
  • Richmond mall redo, Old Brooklyn bank jobs get Port financing 
  • “Jimmy Haslam can text people in the White House:” Cleveland lakefront rides on odd alliance 
  • Shaker Blvd. buildings at center of 2023 controversy sold for $11.7M 
  • Is our power grid falling behind data center growth? Ohio may soon find out 
  • In-person overseas engagement fuels Northeast Ohio’s growth: Matt Dolan and Mindy McLaughlin 
  • Public hearing set for rezoning that would change fate of abandoned Severance Town Center in Cleveland Heights 
  • Cleveland among top 10 best-performing large-bay industrial markets 
  • Canon Healthcare USA HQ comes into focus 
  • Midway Mall sale falls through as developer backs out of deal 
  • Reserve Square Apartments tenants without heat as building faces $78 million foreclosure 
  • Ohio Gov. Mike DeWine: Northeast Ohio to gain hundreds of jobs with new expansions in Solon, Eastlake and Clyde 
  • Cleveland tries to stop auction of 14 troubled apartment buildings near Shaker Square 
  • Euclid seeks redo of former church site 
  • Revered Cleveland planning director Hunter Morrison is dead at age 78 
  • Mayor Bibb’s Christmas gift: Making Cleveland’s permit process less of a ‘crawl’ 
  • Cleveland Heights council holds off on Severance rezoning until new year 
  • Ten Cuyahoga County developments win Ohio historic preservation credits 
  • Developer chosen, vision unveiled for Cleveland’s lakefront after the stadium 

COLUMBUS

  • Report links data center to rare cancers, raising questions about central Ohioans’ safety 
  • Here are the best-performing retail markets of 2025 
  • Commercial Real Estate Developers Discuss the Local Market, Affordable Housing and More 
  • Columbus CEO Leaderboard Ranks Top Commercial Real Estate Developers 
  • An Economist and a Business Adviser Explain How Tariffs Impact Domestic Importers 
  • Top Columbus Region Commercial Mortgage Lenders Ranked by Loan Value 
  • Ohio EPA looks to streamline water permits for data centers 
  • Washington Township pauses new data centers to assess fire safety, emergency readiness 
  • What can Ashville do to stop data center? Nothing, city official says 
  • Silicon Heartland has stop signs among the green lights 
  • New Albany Company sells land to data center firm for $5 million 
  • Q4 Recap: The Conversation on Ohio Has Changed (Jobs Ohio) 

DAYTON

  • Crusoe data center to come to Springfield, expected to create 20 jobs 

TOLEDO

  • Where will the next northwest Ohio data centers be built? 
  • Advocates Question General Permit Proposal For Data Center Discharges To Ohio's Waterways 
  • LEWCO and LogistiQ Announce Plans to Create More Than 200 Jobs in Port Clinton and Sandusky 
  • Natural gas power plant proposed next to Wood County data center site 

NEWMARK

  • Newmark Group, Inc. Rings the Opening Bell 
  • The Seven Key Influences Guiding Occupiers’ 2026 Office Leasing Decisions 
  • The “Younger” Side of Luxury Retail 
  • If 2025 was the pivot, 2026 is the year of 'stabilization' in commercial real estate, exec says (featuring Liz Hart, Newmark president of Leasing for North America)

GENERAL

  • Fed’s rate cut boosts existing construction projects, more needed to spur new builds 
  • AI nears ‘tipping point’ in construction as contractors pilot tech: survey 
  • Grading 2025 Predictions: What CRE Got Right And Wrong This Year 
  • Large Deals Lead CRE Rebound in Q3 2025 
  • Special Servicing Rate Hits 12-Year High in CMBS Market 
  • Roundtable: Data Centers as Energy Ecosystems 
  • Data centers need electricity fast, but utilities need years to build power plants – who should pay? 
  • Data centers attract an increasing share of construction spending 
  • Office Visits Hold Firm in November 
  • Q425 Burns + CRE Daily Fear and Greed Index 
  • Why builders are focused on water infrastructure 
  • Industrial Outdoor Storage 'Surprisingly Resilient.' Institutions Want In 
  • Nearly 2,000 U.S. Power Projects Nixed This Year Despite Data Center Energy Crunch 
  • Multifamily supply overhang begins to ease as renters fill new units 
  • California Pizza Kitchen agrees to buyout deal with investors led by Consortium Brand 
  • Industrial Storage Demand Surges Amid Investor Interest 
  • Industrial Real Estate Shortage Slows US Manufacturing Revival 
  • Builder Confidence Drops in 2025 Despite Late-Year Uptick 
  • AI, Capital Shifts, and REIT M&A to Shape Real Estate in 2026 
  • Construction adds 28,000 jobs in November 
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