July 24, 2026 - The Coyne Report ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Coyne Report Header February 2026

Looking at Columbus, industrial construction reached 13.0 million SF (4.3% of inventory) in 2Q26, more than doubling quarter-over-quarter as 19+ projects totaling over 8.2 million SF broke ground.

 

Explore Ohio's evolving industrial real estate landscape with our Interactive Big Box Pipeline Map, featuring new and under-construction developments across the state.

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Big Box Map
Featured Coyne Listing
34 W Washington

Highest PSF Sale in Chagrin Falls History

The Coyne Team is pleased to announce the successful sale of 34 W. Washington Street in the heart of Chagrin Falls, Ohio.

 

Representing the sellers, our team was proud to help bring this transaction to a successful close. 

 

Congratulations to all parties involved, and best wishes to the new owners as they begin their next chapter with this unique downtown property.

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This Week's Top Sales
1700 Kitchen Aid Way | Greenville

Industrial Sale-Leaseback | Greenville

1700 Kitchen Aid Way

$54,152,272 ($165.49/SF)

 327,222 SF

Seller: Whirlpool Corporation | Buyer: TPG Angelo Gordon

Why: TPG Angelo Gordon likely structured this as a sale-leaseback with Whirlpool, acquiring the KitchenAid industrial campus to generate long-term, NNN income from an investment-grade operating tenant while freeing Whirlpool to redeploy the sale proceeds into its core manufacturing business.

Industrial Campus Sale-Leaseback | Wooster

Industrial Campus Sale-Leaseback | Wooster

1260, 1425, & 1600 E. Bowman St.

845 Nold Ave.

$31,455,632 ($66.96/SF)

469,795 SF

Seller: ArtiFlex Manufacturing LLC | Buyer: STORE Capital

Why:  This appears to be a sale-leaseback in which ArtiFlex Manufacturing sold its Wooster multi-parcel manufacturing campus — and the Clyde facility days earlier — to STORE Capital, monetizing owned real estate to free operating capital while retaining occupancy under a long-term net lease, consistent with STORE Capital's core Master Funding Solutions strategy.

5141 Scarborough Blvd. | Columbus

Industrial Sale | Columbus

5141 Scarborough Blvd.

$29,350,000 ($198.35/SF)

147,968 SF

Seller: Neyer Properties | Buyer: ExchangeRight Real Estate

Why: ExchangeRight Real Estate likely acquired this net-leased distribution warehouse to add an industrial, investment-grade-tenanted asset to one of its DST or Essential Income REIT portfolios, consistent with its stated strategy of delivering stable, long-term net-lease income to 1031 exchange investors.

6459 Allen Rd. & 9635 Windisch Rd. | West Chester

Industrial Sale | West Chester

6459 Allen Rd. & 9635 Windisch Rd.

$11,750,000 ($672.24/SF)

17,479 SF

Seller: Estes Express Lines | Buyer: A. Duie Pyle

Why: Estes Express Lines appears to have disposed of this former LTL truck terminal, consistent with Estes opening a new, larger Cincinnati service center in 2026, while A. Duie Pyle likely acquired the site to operate or reposition an established truck-terminal property in a supply-chain-strategic Cincinnati submarket.

145 Olive St. | Akron

Nursing Home Sale | Akron

145 Olive St.

$10,080,000 ($349.25/SF)

28,862 SF

Seller: 145 Olive Street Propco LLC (Divine Healthcare Management) | Buyer: 145 Olive Street Realty LLC (Fairview Healthcare Management)

Why: Fairview Healthcare Management likely acquired the Akron nursing home from Divine Healthcare Management to expand its skilled nursing footprint in Ohio, upgrade a lower‑rated asset, and capture operational and financial upside through improved quality scores and occupancy. 

1500 W. Main St. | Louisville

Industrial Sale | Louisville

1500 W. Main St.

$10,000,000 ($14.81/SF)

675,270 SF

Seller: Jewel Acquisition LLC (ATI Materials) | Buyer: Transformative Realty Partners LLC 
(Triple-S Steel Supply)

Why: Triple-S Steel Supply appears to have acquired this large manufacturing facility from an ATI-affiliated seller to expand its owner-operated steel supply and processing footprint into the Ohio market, consistent with its growth strategy of adding regional service-center and production locations.

2025 McCrea St. | Alliance

Industrial Sale-Leaseback | Alliance

2025 McCrea St.

$8,737,793 ($93.48/SF)

93,477 SF

Seller: Central Coated Products, Inc. | Buyer: J.P. Morgan Asset Management

Why: J.P. Morgan Asset Management likely acquired this light-manufacturing facility in a sale-leaseback structure, allowing the seller (an owner-occupant food-paper manufacturer) to monetize its real estate while securing NNN income for the buyer from a continuing industrial tenant.

5311 Hetzell St. | Cincinnati

Hotel Sale | Cincinnati

5311 Hetzell St.

$7,800,000 ($83,871/Room)

93 Rooms

Seller: Crestpoint Companies | Buyer: WMCA Holding LLC & Red Bank Hospitality LLC

Why: WMCA Holding LLC and Red Bank Hospitality LLC likely acquired the Cincinnati hotel as a cash-flowing, modern hotel asset with strong local demand drivers, using LLCs to optimize liability, financing, and long-term investment flexibility. 

5060 County Road 120

Industrial Sale | Millersburg

5060 County Road 120

$7,630,163 ($205.11/SF)

37,200 SF

Seller: Centor, Inc. | Buyer: Gerresheimer Primary Packaging Plastics NA, Inc.

Why: This transaction appears to be a related-party transfer between two Gerresheimer-affiliated entities — the seller (Centor Inc.) and the buyer (Gerresheimer's NA plastics subsidiary) — likely consolidating title of their existing Millersburg pharmaceutical packaging facility under the operating entity as part of Gerresheimer AG's broader corporate restructuring and asset-rationalization effort.

920 S. Main St. | New Lexington

Nursing Home Sale | New Lexington

920 S. Main St.

$7,562,100 ($139.06/SF)

54,379 SF

Seller: Majestic Care (Marx Development Group) | Buyer: Sweetwater Care

Why: Sweetwater Care, a national skilled nursing facility owner-operator that specializes in turnaround opportunities, likely acquired these facilities to reposition its operations and clinical performance under its own management platform, consistent with its stated investment strategy. This adds to the nursing home properties they acquired in early July in Bryan, Toledo, and Perrysburg.

Bonus Top Sale Header
4545 College Rd. | South Euclid

Former College Sale | South Euclid

 4545 College Rd.

$8,000,000 ($18.65/SF | $166,389/AC)

428,940 SF | 48.08 AC

Seller: The Notre Dame College | Buyer: Akron Children's Hospital

Why: Akron Children's Hospital likely acquired the former Notre Dame College campus to establish a large-scale Greater Cleveland hub for future pediatric specialty services, extending the health system's eastside suburban reach consistent with its stated strategy of improving access to children's care across the region.

Top New Sale Listings
330 S. High St. | Akron

Parking Lot/Land for Sale | Akron

330 S. High St.

$450,000 ($26,471/Space)

17 Spaces

Sale Contact: Terry Coyne & Elizabeth Coyne of Newmark

Learn More

3433 Agler Rd. | Columbus

Medical Office for Sale & Lease | Columbus

3433 Agler Rd.

$5,033,362 ($93.54/SF)

Lease Rate: $13.00/NNN

53,811 SF RBA | 21,311 SF Available

Sale & Lease Contact: Molly Leach of CBRE

Industrial Portfolio in Botkins

Industrial Portfolio for Sale & Lease | Botkins

101 Commerce Dr. & 17254 County Road 25 A

$4,250,000 ($85.00/SF)

Lease Rate: $5.75/NNN

50,000 SF

Sale & Lease Contact: Todd Cochran of Colliers

733-793 Sunset Blvd

Multi-Family for Sale | Mansfield

733-793 Sunset Blvd.

$7,500,000 ($76,531/Unit)

Cap Rate: 3.99%

98 Units

Sale Contact: Peter Peterson of Dream Huge Realty

23095 Buena Vista Rd. | Rockbridge

Multi-Family for Sale | Rockbridge

23095 Buena Vista Rd.

$3,499,999 ($318,182/Unit)

11 Units (4 Short-Term | 7 Long-Term)

Sale Contact: Thomas Knecht of Re/Max Apex

2905 Milan Rd. | Sandusky

Hotel for Sale | Sandusky

2905 Milan Rd.

$3,100,000 ($27,679/Room)

112 Rooms

Sale Contact: Andrew Post of Bowman Post Group

Top Executed Leases
5370 Naiman Pkwy. | Solon

Industrial Lease | Solon

5370 Naiman Pkwy.

64,737 SF

Lease Rep Company: Cushman & Wakefield | CRESCO Real Estate

1376 Ohio 598 | Galion

Industrial Lease | Galion

1376 Ohio 598

50,000 SF

Lease Rep Company: Industrial Property Brokers

Top New Lease Listings
300 W. Schrock Rd. | Westerville

Office for Lease | Westerville

300 W. Schrock Rd.

Lease Rate: $12.50/N

60,000 SF Available

Lease Contact: Brent Stamm of Newmark

3800-3880 Groveport Rd. | Groveport

Industrial for Lease | Groveport

3800-3880 Groveport Rd.

705,600 SF Available

Lease Contact: Michael Linder of Colliers

225 Pictoria Dr. | Springdale

Office for Sublease | Springdale

225 Pictoria Dr.

34,169 SF Available

Sublease Contact: Bill Poffenberger of JLL

25425 Center Ridge Rd. | Westlake

Office for Lease | Westlake

25425 Center Ridge Rd.

90,075 SF Available

Lease Contact: Jonah Conway of Allegro Realty Advisors

9000 Brookpark Rd. | Cleveland

Industrial for Sublease | Cleveland

9000 Brookpark Rd.

71,870 SF Available

Sublease Contact: Joe Warren of JLL

Industry News & Insights

CLEVELAND

  • Office market recovery to take ‘years’
  • There is life after foreclosure Downtown
  • Bidding Cleveland's most beautiful grocery store adieu
  • Clark-Fulton, Stockyards rebuild with new infill
  • Buyer interest in 925 Euclid is high
  • School buys more development land
  • New leadership helps shape business development in city
  • How data centers could affect Northeast Ohio’s power grid, water use and air quality
  • Want To Weigh In On The Next Opportunity Zone Maps? You May Be Too Late
  • Colossal Cupcakes to close final location
  • A developer wants to turn three Lorain County industrial buildings into a data center campus

COLUMBUS

  • Columbus office market nets fifth straight quarter of positive net absorption
  • Flock cameras and data centers: Columbus City Council wants the public's input on both topics
  • Columbus leaders say region is leading the Midwest in job growth after G&J Pepsi's $45M expansion
  • Caddell Construction Opens New Office in Columbus, Ohio
  • International company to shutter Groveport plants, lay off nearly 100 employees
  • OPSB schedules local hearings for 2 proposed natural gas plants to power data centers
  • Prologis Sells Columbus Facility for $49M
  • $6.9M loan to finance industrial building west of Columbus, Ohio
  • Columbus City Council considers data center regulations, including water usage requirements
  • Is SK Hynix Buying Intel’s Ohio Fab? Korean Chipmaker Denies Report — Now All Eyes Are on Earnings
  • Grove City one step closer to limiting data centers
  • Columbus City Council to pursue data center regulations instead of ban despite community demands

TOLEDO

  • Google is building a $500 million data center in rural Ohio. Neighbors are furious
  • Wood County Recorder Connor Rose reports on second quarter real estate activity

ELSEWHERE IN OHIO

  • Ohio EPA still reviewing proposed permit changing data center water discharge regulations
  • Where Ohio has data centers: Explore our interactive map
  • Buc-ee's acquires Mansfield, Ohio, land parcel for planned travel center
  • Ohio community joins nationwide data center protests
  • Data centers cause Ohio’s energy demand to surpass supply
  • Ohio EPA holding back on general data center permit

NEWMARK

  • 2Q26 Columbus Industrial Market Report
  • 2Q26 Columbus Industrial Market Highlights

GENERAL

  • These three big US banks see commercial real estate lending as a growth driver
  • Private Equity Turns to Debt Investments to Add Multifamily Assets
  • CREFC: Rate Volatility Remains Top of Mind for Executives
  • Big Banks Shake Off CRE Jitters, Cut Loss Reserves And Raise AI Hopes
  • Bank Real Estate Credit Since 2019: Where Balances Grew, and by How Much
  • REITs Show Resilience in Both Rising and Falling Rate Cycles
  • Sales of US hotels rise to $13 billion in first half of 2026
  • Prologis posts leasing record as industry enters ‘next phase of growth’
  • Construction costs dropped in June, will likely tick up again
  • How Developers Are Financing Resilience
  • Why Extreme Heat Is Becoming a Real Estate Issue
  • Using Climate Data to Make Better Real Estate Decisions
  • US Grocery Sales Drop as Unit Growth Turns Negative
  • Prologis Sets Record as Data Center Growth Boosts Results
  • US Multifamily Rents Accelerate as Market Rebalances
  • Cap Rates Stay Flat as Strip Centers, Senior Housing Outperform
  • CRE Momentum Tested as US-Iran Conflict Adds Instability
  • Apartment-only CMBS deals emerge as Wall Street tests new playbook
  • US Retail Rent Growth Slows to Decade Low in Q2
  • Verizon To Sell 274 Stores, Cut 500 Office Jobs In Restructuring
  • Agency Delinquency Rate Drops, Divergence Widens in May
  • Want To Weigh In On The Next Opportunity Zone Maps? You May Be Too Late
  • Here's where the biggest share of US apartment demand is emerging
  • GLP-1 Medications Shift US Retail Foot Traffic and Sales
  • 2026 REIT Trading Trends
  • Construction jobs increase in more than half of US states
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