The Coyne Team tracks high-value commercial real estate transactions across Ohio to provide clients, prospects, and the public with timely insights into market activity and emerging trends. 

This report offers a high-level analysis of key metrics from those transactions and mortgages for 2025

1020 Bolivar Rd. | Cleveland

The Coyne Team rang in the New Year the best way we know how – closing a multi-tenant office building sale on December 31.

Multi-Parcel Land Sale in Licking County

$166,812,400 ($354,460/AC)

470.61 AC

Transaction 1

$72,184,400 ($322,137/AC)

224.08 AC

Seller: BC Mink Street LLC | Buyer: Sidecat LLC (Meta)

Transaction 2

$52,755,200 ($400,176/AC)

131.83 AC

Seller: Mink Street Land Company LLC | Buyer: Sidecat LLC (Meta)

Transaction 3

$41,872,800 ($365,064/AC)

114.7 AC

Seller: Coi New Albany Tech Park Land LLC | Buyer: Sidecat LLC (Meta)

1901 Beggrow St. | Columbus

Industrial Sale

$66,000,000 ($82.25/SF)

802,390 SF

Seller: Granite REIT | Buyer: Brookfield Properties

4450 S. Hamilton Rd. | Groveport

Industrial Sale

$40,900,000 ($126.23/SF)

324,000 SF

Seller: Olympus Ventures, LLC | Buyer: W.J. Beitler Co.

Multi-Parcel Land Sale in Stark County

$36,500,000 ($461,208/AC)

79.14 AC

Seller: AIDC Canton 2 LLC | Buyer: Damac Digital Solution Ohio LLC

Multi-Parcel Land Sale in Union County

$25,584,100 ($20,572/AC)

1,243.66 AC

Seller: MGM Land LLC | Greg R. & Michelle A. Evans | Buyer: Renewa Cotter Assets II LLC

3401 Mill Run Dr. | Hilliard

Industrial Sale

$23,000,000 ($176.13/SF)

130,583 SF

Seller: Tenby Partners | Buyer: OhioHealth Corporation

622 Center St. | Ashland

Nursing Home Sale

$19,717,262 ($309.35/SF)

63,737 SF

Seller: Good Shepherd Real Estate Holding LLC | Buyer: 622 Center Street LLC 

303 N. Mecca St. | Cortland

Nursing Home Sale

$15,417,924 ($88.33/SF)

174,558 SF

Seller: Ohio Presbyterian Retirement Services | Ohio Presbyterian Retirement Communities | Buyer: Otterbein Cortland Real Estate LLC

401 S. Main St., 900 & 1100 Tower Dr. | Fort Loramie

Industrial Sale

$11,000,000 ($62.53/SF)

175,914 SF

Seller: NSSM Real Estate Inc. | Buyer: CJSB Properties Inc.

12895 Worthington Rd. | Pataskala

Retail Sale

$11,000,000 ($432.29/SF)

25,446 SF

Seller: Kassel Properties LLC | Buyer: TGM Holdings One LLC

1300 Morrical Blvd. | Findlay

Industrial Sublease

160,000 SF

Tenant: Findlay Machine & Tool

Sublease Rep Company: JLL

5650 Green Pointe Dr. N. | Groveport

Industrial Lease

120,000 SF

Lease Rep Company: CBRE

3931-3983 Image Dr. | Dayton

Industrial Lease

106,200 SF

Lease Rep Company: Apex Commercial Group, LLC

2653 Global Ct. | Groveport

Industrial Sublease

97,982 SF

Sublease Rep Company: JLL

8177 Washington Church Rd. | Dayton

Flex Lease

67,200 SF

Lease Rep Company: Apex Commercial Group, LLC

6560 Weatherfield Ct. | Maumee

Industrial Sublease

51,540 SF

Sublease Rep Company: Colliers

388 S. Main St. | Akron

Office Lease

30,957 SF

Tenant: Buckingham

Lease Rep Company: Schipper Group Limited

3908-3982 Image Dr. | Dayton

Industrial Lease

28,260 SF

Lease Rep Company: Apex Commercial Group, LLC

3455 Towne Blvd. | Middletown

Retail Lease

28,206 SF

Lease Rep Company: CBRE

3173-3177 Princeton Rd. | Hamilton

Retail Lease

22,400 SF

Lease Rep Company: Anchor Associates

250 E. 5th St. | Cincinnati

Office Lease

19,755 SF

Lease Rep Company: CBRE

4021-4029 Executive Dr. | Beavercreek

Office Lease

15,488 SF

Lease Rep Company: Apex Commercial Group, LLC

6150 Enterprise Pkwy. | Grove City

Industrial Lease

13,626 SF

Lease Rep Company: Colliers

14855 Broadway Ave. | Maple Heights

Industrial Lease

12,800 SF

Lease Rep Company: Capstone Limited

2038 Bohlke Blvd. | Fairfield

Industrial Lease

12,000 SF

Lease Rep Company: North Ridge Realty Group

1540 Corporate Woods Pkwy. | Uniontown

Office Lease

11,204 SF

Lease Rep Company: Colliers

640-682 N. Cassady Ave. | Columbus

Industrial Lease

10,456 SF

Lease Rep Company: Colliers

5231 Greenhurst Ext. | Maple Heights

Industrial Lease

10,000 SF

Lease Rate: $3.50/N

Tenant: Black Diamond Junk Removal

Lease Rep Company: Coakley Real Estate Company LLC

3500 Salzman Rd. | Middletown

Industrial for Sale & Lease

938,000 SF RBA/Available

Sale & Lease Contact: Mark Volkman of JLL

5471 Scioto Darby Rd. | Hilliard

Medical Center for Sale

$16,242,000 ($465.55/SF)

Cap Rate: 7.85%

34,888 SF

Sale Contact: Jimmy Goodman of The Boulder Group

3650 Brookham Dr. | Columbus

Industrial for Lease

112,109 SF Available

Lease Contact: Todd Spencer of Lee & Associates

1020 Market Ave. N. | Canton

Office for Sale & Lease

$4,500,000 ($30.20/SF)

149,000 SF RBA

Lease Rate: $7.00/MG

55,000 SF Available

Sale & Lease Contact: Sean Sanford of NAI Spring

1000 Joyce Ave. | Columbus

Industrial for Sale

$9,000,000 ($384.62/SF)

23,400 SF RBA

Sale Contact: Grant Hoovestol of Fleetpark LLC

1525-1575 Harrisburg Pike | Columbus

Land for Sale

$5,400,000 ($694,087/AC)

7.78 AC

Sale Contact: Fisal Ikhmayes of Di Lusso Real Estate

3885-3905 & 3913-3931 Berry Leaf Lane | Hilliard

Office & Medical Office Portfolio for Sale

$3,195,000 ($131.72/SF)

Cap Rate: 8.53%

24,256 SF

Sale Contact: Matt Cooper of Equity, LLC

2000 Brittain Rd. | Akron

Industrial for Sublease

65,000 SF Available

Sublease Contact: Kristy (Hull) Peters of JLL

1375 Isaac Beal Rd. | Bucyrus

Industrial for Sale & Lease

62,034 SF RBA/Available

Sale & Lease Contact: Nick Tomasone of CBRE

1010 N. 4th St. | Miamisburg

Industrial for Sale & Lease

$1,185,000 ($20.54/SF)

57,687 SF RBA

Lease Rate: $3.00/NNN

57,000 SF Available

Sale & Lease Contact: Tim Echemann of Industrial Property Brokers

8500 Clinton Rd. | Brooklyn

Industrial for Sublease

50,000 SF Available

Sublease Contact: Cole Kroneker of Hoff & Leigh Commercial Real Estate

2865 George Page Jr. Rd. | Columbus

Industrial for Sublease

50,000 SF Available

Sublease Contact: Domenic Skunda of Cushman & Wakefield

8177 Washington Church Rd. | Dayton

Industrial for Lease

Lease Rate: $9.00/NNN

48,000 SF Available

Lease Contact: Wade Elliot of Apex Commercial Group, LLC

720 E. Pete Rose Way | Cincinnati

Office for Lease

Lease Rate: $13.95/N

34,910 SF Available

Lease Contact: Joe Janszen of Cushman & Wakefield

6255 Quarter Horse Dr. | Columbus

Hotel for Sale

$8,800,000 ($73,950/Room)

119 Rooms

Sale Contact: John Renslow of Avison Young Hotel Group

26975 Chapel Ridge Rd. | South Bloomingville

Cabins for Sale

$6,850,000 ($2,283,333/Cabin)

3 Cabins

Sale Contact: Rayna Morgan of e-Merge Real Estate Champions

14801 Burcham Rd. | Logan

Cabins for Sale

$5,500,000 ($785,714/Cabin)

7 Cabins

Sale Contact: Rayna Morgan of e-Merge Real Estate Champions

452 East Warner Rd. | Akron

Summit County

Consideration: $2,700,000,000

Grantor: Akron Management, LLC | Grantee: Ares Capital Corporation

Multi-Parcel Residential Land Mortgage

Lake & Wood Counties

Consideration: $2,200,926,000

Grantor: K. Hovnanian at Booth Farm, LLC | K. Hovnanian at Toussaint Springs, LLC | K. Hovnanian Ohio Region, Inc. | K. Hovnanian at Lighthouse Estates, LLC | Grantee: Wilmington Trust, National Association

1231 E. Dayton Yellow Springs Rd. | Fairborn

Greene County

Consideration: $1,120,000,000

Grantor: AFN ABSPROP002, LLC | Grantee: Citibank, N.A.

8814, 8835, 8843, 8874 Trade Port Dr. | West Chester

Butler County

Consideration: $1,025,000,000

Grantor: Resilience US, LLC | Grantee: OHA Agency LLC

6909 Good Samaritan Dr. | Cincinnati

Hamilton County

Consideration: $685,785,000

Grantor: 6909 Good Samartian, LLC | Grantee: BMO Bank N.A.

2500 Creekside Pkwy. | Lockbourne

Franklin County

Consideration: $300,000,000

Grantor: Aireit Creekside CC II LLC | Grantee: Teachers Insurance and Annuity Association of America

Multi-Parcel Residential Properties Mortgage

Butler County

Consideration: $282,366,000 

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

280 Walden Way | Dayton

Montgtomery & Greene Counties

Consideration: $221,205,000

Grantor: BLC Dayton-GC, LLC | Grantee: Capital One, National Association

4100 N. River Rd. NE. | Warren

7148 West Blvd. | Boardman

301 W. Western Reserve Rd. | Youngstown

5525 Silica Rd. | Austintown

1501 Tibbetts Wick Rd. | Girard

1948 N. Ellsworth Ave. | Salem

Columbiana & Trumbull Counties

Consideration: $200,000,000

Grantor: Shepherd of the Valley Lutheran Retirement Services, Inc. | Grantee: Argent Institutional Trust Company

1 & 51 Park West Blvd. | Akron

Summit County

Consideration: $135,575,000

Grantor: Akron 1 APL MP, LLC | Akron 51 APL MP, LLC | Grantee: Capital One, National Association

CLEVELAND

• 5 taken into custody after break-in at historic Rockefeller building 
• ICP Acquires 408,000 SF Former True Value Hardware Distribution Facility in Westlake, Ohio 
• Clinic, IHG to upgrade hotel to Voco Suites 
• Ohio judge halts $600 million Browns stadium funding: ‘Robbing Peter to pay Paul 
• Miami University picks Cleveland Innovation District site 
• As sale push resumes for Notre Dame College campus, advocates still hope to revive a school 
• Port of Cleveland under new leadership, continues to invest in region’s future: Mission Possible 
• Senior apartments planned for Slavic Village 
• How do Cleveland’s parking rates compare to peer cities? 
• Stadium repair bills keep coming. Gateway is almost always required to pay. 
• Progressive HQ goes to auction 
• Camelot Bakery OK’d for city’s West Side 
• Wave of business closures hits Ohio City 
• Historic mansion serves its last 
• Trademark Property Company Tapped to Manage Operations, Leasing at Beachwood Place 
• Conn Selmer to close Eastlake manufacturing plant this summer, impacting 150 UAW workers 

AKRON/CANTON

• 2026 is a 'critical point' for Downtown Akron. New CDC leader to focus on real estate, foot traffic 
• Commercial building sells for $1.5M in Plain Twp. | Property transfers 
• North Canton apartments sold for $3M | Real estate transfers 
• Midway Plaza reborn: Downtown Akron church among several new tenants 
• The Boulder Group closes sale of Dollar General in Kent 
• Akron’s polymer cluster could fuel Northeast Ohio bid to win $160 million NSF grant 

COLUMBUS

• OPSB approves natural gas plant to power data center in Licking County 
• Ohio EPA considers allowing dumping of wastewater into bodies of water 
• Ohio EPA public comment period on data centers extended 
• Rep. Jarrells Calls for Immediate Action Regarding Permit on Data Center Water Usage Impact 
• Ashville leaders pause rezoning as residents push back against proposed data center 
• After public pushback, Pickaway County village enacts data center pause 
• Columbus may see higher electric, gas and water costs caused by data center energy demands 
• Ohio auto parts plant set to close, over 200 jobs to be eliminated 
• New Albany gains $200M health care expansion, 400 new jobs 
• Why a professor thinks central Ohio’s data center boom may slow 
• Intel shares 2025’s progress at Ohio One 
• Top central Ohio construction projects to watch in 2026 
• Dramatic surge in water demand predicted by 2040 puts farmers and industry on collision course – and the supply for all in question 
• AI set to be big legislative topic in Ohio in 2026 
• Paved over: America’s tech bet is reshaping farm country 
• EdgeConneX Signals Plans to Move Forward with Ashville Data Center Project Amid Packed, Tense Council Meeting 
• Ashville residents push back against proposed data center at packed council meeting 
• The Hartford taps Columbus for new tech hub, plans 75-person office 
• Strauss picks Columbus, Ohio for new U.S. headquarters 
• The nation's biggest AI data centers are taking root in some unexpected places 
• W.P. Carey works out deal for national portfolio of Life Time fitness clubs 
• Powering Ohio’s future: Solar rises to the occasion 
• Ohio EPA reviewing data center discharge permits amid water quality concerns 
• Where are Ohio data centers located? Check out this map 

DAYTON

• Wilmington residents voice concerns over proposed Amazon data center 

TOLEDO

• Cooper Group Negotiates $3.1M Sale of Retail Center in Toledo, Oh 
• Huron Yards Takes Shape in Toledo’s Warehouse District 

YOUNGSTOWN

• Lordstown answers data center developer’s legal action in Ohio Supreme Court 

NEWMARK

• Newmark Expands Global Technology and AI Advisory Services with Appointment of Leading Industry Expert Jenny Haeg 
• A Newmark Executive on the Office Lease Renewal Cycle 
• A Look At Newmark Group (NMRK) Valuation As Recent Returns Highlight Ongoing Share Price Momentum 

GENERAL

• Industrial Strategy Trends Redefining Real Estate Value In 2026 
• CMBS Outlook 2026 Shows Signs of Stability 
• Google boosts drive for data centers with purchase of energy developer 
• In a year of uncertainty, hotel data helps tell the story 
• Prices for premium US properties rise while smaller assets tumble in value 
• After Decades Of Decline, Bookstores Are Writing A Comeback Story 
• 3 Reasons Why You Couldn’t Ignore Data Centers In 2025 
• CMBS Strength Hides Market Stress 
• Commercial Real Estate Supply Hits 12-Year Low 
• Top 5 Data Center Industry Trends and Predictions for 2026 
• Confidence in the Economy, CRE Edges Higher: RCLCO 
• Five trends that shaped retail performance in 2025 
• What to watch in 2026: Gradual recovery on tap for US multifamily market 
• What Trump’s marijuana policy shift means for real estate 
• Hotel Demand Headlines Shape 2025 Industry Outlook 
• Apartment Rents Decouple from Job Growth Trends 
• SoftBank to Acquire DigitalBridge for $4 Billion, Doubling Down on AI Infrastructure 
• Hoteliers hope for stability in the new year following 'shake-up' of 2025 
• Where the growth may come in 2026 
• Sublet Space Gains Momentum for Office in 2026 
• Labor Trends Shift Real Estate in 2026 
• Luxury Apartments Lower Rents in Key US Cities 
• What to watch in 2026: Fierce investor competition to push shopping center prices to new highs 
• Firm at center of US industrial outdoor storage expansion adds 11 properties 
• Data center growth could take widely divergent paths, Fed says 
• How the AI leasing boom helped fuel the 2025 US office market 
• Industrial Momentum Slows in 2025 
• CMBS Delinquency Rate Inches Back Up in December, but Office Retreats Again 
• 48 CRE Insiders On The Decisions That Will Make — Or Break — 2026 
• Copper Hits Decade Highs As Tariffs Continue To Pile Onto U.S. Builders 
• Will 2026 be the “Year of the Office?” It Depends 
• From AI Data Centers To Sun Belt Apartments, Here Are 7 CRE Predictions For 2026 
• A market in moderation: CommercialCafe says it’s the best way to sum up the U.S. industrial market last year 
• Power Readiness Defines Logistics Real Estate 
• CRE investors eager but wary: That’s the big takeaway from Coldwell Banker Commercial’s 2026 outlook 
• 5 construction trends to watch in 2026 
• Eight Trends That Will Shape the Data Center Industry in 2026