July 17, 2026 - The Coyne Report ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Coyne Report Header February 2026

2nd Quarter 2026 Cleveland & Columbus Office Market Reports

Cleveland Office Market Report Cover
Cleveland Office Market Report
Columbus Office Market Report Cover
Columbus Office Market Report
Featured Coyne Listing
South Hills Office Portfolio | Broadview Heights

Coming Soon: Office Portfolio for Sale

9100 & 9200 South Hills Blvd. | Broadview Heights, OH

Class A Office Park

Ample Surface Parking

At I-77 and Route 82 Interchange

Adjacent Land Available

Contact Claire Coyne
This Week's Top Sales
6241 Shook Rd. | Lockbourne

Industrial Sale-Leaseback | Lockbourne

6241 Shook Rd.

$137,753,120 ($86.69/SF)

 1,589,000 SF

Seller: Selco Service Corporation (Whirlpool Subsidiary) | Buyer: J.P. Morgan Asset Management

Why: Whirlpool used its Selco subsidiary to briefly take title to the Rickenbacker-area distribution facility in September 2025, then monetized it via a 15-year NNN lease with J.P. Morgan Asset Management (landlord), retaining full operational occupancy with four 10-year renewal options and a right of first offer.

Nursing Home Portfolio Sale

Nursing Home Portfolio Sale 

$51,593,000 ($273.63/SF)

188,553 SF

5700 Karl Rd. | Columbus

$26,675,000 ($305.59/SF)

87,290 SF

717 S. 30th St. | Heath

$16,850,000 ($458.05/SF)

36,786 SF

934 State Route 28 | Milford

$8,068,000 ($125.13/SF)

64,477 SF

Seller: Ciena Healthcare | Buyer: Saber Healthcare Group

Why: Saber Healthcare acquired these assets as part of a larger portfolio transaction to expand its skilled nursing footprint and deepen its presence across key Midwestern markets, including Ohio, through affiliation with former Ciena/Laurels facilities totaling 27 across 3 states.

3439 Clover Valley Rd. & Harrison Rd. NW. | New Albany

Land Sale | New Albany

3439 Clover Valley Rd. & Harrison Rd. NW.

$29,197,445 ($365,014/AC)

79.99 AC

Seller: Sidecat LLC (Meta) | Buyer: Will-Power OH LLC (Williams Companies)

Why: Williams Companies likely purchased a portion of Meta’s 2025 assembled New Albany land to support the buildout of dedicated natural gas power infrastructure serving Meta’s expanding AI data center campus strategically between the New Albany International Business Park and the Intel semiconductor campus.

Learn More

21653 Center Ridge Rd. | Rocky River

Retail Sale | Rocky River

21653 Center Ridge Rd.

$28,200,000 ($124.69/SF)

226,155 SF

Seller: Zeisler Morgan Properties | Buyer: KPR Centers LLC

Why: KPR Centers acquired Westwood Town Center as a core-plus, grocery and home-improvement–anchored retail hub in a supply-constrained, affluent West Side Cleveland submarket, with stable income from long-term anchors and immediate value-add upside from leasing 10,650 square feet of vacancy and optimizing operations. 

Nursing Home Portfolio Sale

Nursing Home Portfolio Sale

$14,620,060 ($184.61/SF)

79,196 SF

6101 Summit St. | Toledo

$7,562,100 ($188.91/SF)

40,030 SF

28546 Starbright Blvd. | Perrysburg

$7,057,960 ($180.21/SF)

39,166 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 property they acquired on July 8, 2026, in Bryan, featured in a previous edition of the Coyne Report. 

7701 Reynolds Rd. | Mentor

Hotel Sale | Mentor

7701 Reynolds Rd.

$13,300,000 ($100,758/Room)

132 Rooms

Seller: HSM Hospitality Management Company | Buyer: 7701 Reynolds Rd Mentor LLC

Why: A private hospitality investor likely acquired this operating full-service hotel to gain immediate cash-flowing lodging income, with the option to maintain the existing flag, reposition the asset, or capitalize on the property's established Northeast Ohio market presence.

550 Premier Dr. | Clyde

Industrial Sale | Clyde

550 Premier Dr.

$11,000,000 ($62.09/SF)

177,150 SF

Seller: 550 Premier LLC | Buyer: STORE Capital

Why: STORE Capital likely acquired this single-tenant manufacturing facility to add a stabilized, NNN-leased operational real estate asset to its diversified net-lease portfolio, securing long-term, contractual income from an operating industrial tenant consistent with its core investment strategy.

27853 Chardon Rd. | Willoughby Hills

Flex Sale | Willoughby Hills

27853 Chardon Rd.

$14,260,000 ($83.80/SF)

170,159 SF

Seller: MAG Capital Partners | Buyer: Fundamental Income Properties

Why: Fundamental Income Properties likely acquired this stabilized light-manufacturing asset from MAG Capital Partners to add a NNN-leased industrial property, benefiting from an in-place tax abatement, into its securitization platform.

4020 Hauck Rd. | Sharonville

Hotel Sale | Sharonville

4020 Hauck Rd.

$9,951,831 ($82,932/Room)

120 Rooms

Seller: Extended Stay America | Buyer: G6 Hospitality LLC

Why: G6 Hospitality (OYO) likely acquired this extended-stay hotel from Extended Stay America to convert it to its own Studio 6 flag, consistent with its broader strategy of absorbing former ESA-operated properties and expanding its U.S. extended-stay footprint.

16077 Industrial Pkwy. | Middlefield

Industrial Sale | Middlefield

16077 Industrial Pkwy.

$6,250,000 ($31.82/SF)

196,414 SF

Seller: Johnsonite, Inc. & Tarkett USA, Inc. | Buyer: 16077 Industrial LLC

Why: 16077 Industrial LLC likely acquired this industrial asset to capitalize on Tarkett USA, Inc.’s early‑2025 closure announcement and consolidation of its distribution operations to Columbus, repositioning a vacated, purpose‑built industrial asset for new value creation. 

Bonus Top Sale Header
9560 Heartland Court | Columbus

Industrial Sale | Columbus

9560 Heartland Court

$49,000,000 ($139.55/SF)

351,120 SF

Seller: Prologis, Inc. | Buyer: Boyd Watterson Asset Management

Why: Prologis, Inc. likely sold to recycle capital from a stabilized, recently-delivered build-to-suit occupied by Cardinal Health into new development or other investments, while Boyd Watterson Asset Management appears to have acquired the asset to secure long-term, NNN-style income from a national credit-grade healthcare tenant near Rickenbacker International Airport.

 

*Property sold July 1, 2026, but was recorded by Pickaway County on July 14, 2026.

Top New Sale Listings
6133-6155 Rockside Rd. | Independence

Office Portfolio for Sale | Independence

6133-6155 Rockside Rd.

$18,350,000 ($114.68/SF)

Cap Rate: 9.0%

160,000 SF

Sale Contact: Dan Cooper of Cooper Commercial Investment Group

Clover Valley Rd. NW. | Johnstown

Land Portfolio for Sale | Johnstown

4821 & 4983 Clover Valley Rd. NW.

$12,147,300 ($900,467/AC)

13.49 AC

Sale Contact: Christy Sinningson of RE/MAX Affiliates, Inc.

753 SE. Catawba Rd. | Port Clinton

Retail for Sale | Port Clinton

753 SE. Catawba Rd.

$6,750,000 ($105.47/SF)

64,000 SF

Sale Contact: Stacy Nugent of Keller Williams Great Lakes Real Estate Team

2001 Courtright Rd. | Columbus

Industrial for Sale | Columbus

2001 Courtright Rd.

Price Not Disclosed

225,873 SF

Sale Contact: Jessica Williams of Colliers

Columbus Industrial Portfolio Sale

Industrial Portfolio for Sale | Columbus

1164 Gibbard Ave., 875-877 & 892-906 N. 19th St.

$3,800,000 ($88.53/SF)

42,925 SF

Sale Contact: Woody Walton of Matthews Real Estate Investment Services

4637 Allen Rd. | Stow

Industrial for Sale | Stow

4637 Allen Rd.

$5,300,000 ($82.94/SF)

63,904 SF

Sale Contact: Dan Spring of NAI Spring

445 Baltimore Somerset Rd. NE. | Baltimore

Land for Sale | Baltimore

445 Baltimore Somerset Rd. NE.

$4,950,000 ($50,000/AC)

99 AC

Sale Contact: Matthew Collins of Bauer Realty & Auctions, LLC

4518-4522 Fulton Dr. NW. | Canton

Office for Sale & Lease | Canton

4518-4522 Fulton Dr. NW.

$3,500,000 ($108.83/SF)

Cap Rate: 7.42%

Lease Rate: $16.00/MG

32,160 SF RBA | 1,750 SF Available

Sale & Lease Contact: Dan Spring of NAI Spring

36 E. Streetsboro St. | Hudson

Office/Retail for Sale | Hudson

36 E. Streetsboro St.

$3,400,000 ($233.44/SF)

Cap Rate: 6.70%

14,565 SF RBA

Sale Contact: Jonathan Elson of Allegro Realty Advisors

Top Executed Leases
6360 Port Rd. | Groveport

Industrial Lease | Groveport

6360 Port Rd.

434,120 SF

Landlord & Lease Rep Company: EQT Real Estate

10400 Harrison Ave. | Harrison

Retail Lease | Harrison

10400 Harrison Ave.

128,660 SF

Tenant: Target

Lease Rep Company: Midland Atlantic Properties

6969 Alum Creek Dr. | Columbus

Industrial Lease | Columbus

6969 Alum Creek Dr.

95,000 SF

Lease Rep Company: Colliers

1001 Innovation Way | Marysville

Industrial Lease | Marysville

1001 Innovation Way

60,575 SF

Lease Rep Company: Colliers

Top New Lease Listings
580 Walnut St. | Cincinnati

Office for Lease | Cincinnati

580 Walnut St.

Lease Rate: $23.95/FS

219,510 SF Available

Lease Contact: Joe Janszen of Cushman & Wakefield

5870 Poe Ave. | Dayton

Industrial for Lease | Dayton

5870 Poe Ave.

159,829 SF Available

Lease Contact: Kohl Kirkland of PREP

806-850 Cherry St. | Blanchester

Industrial for Sale & Lease | Blanchester

806-850 Cherry St.

$2,275,000 ($15.60/SF)

Lease Rate: $2.50/NNN

145,825 SF RBA Across 4 Buildings

Sale & Lease Contact: Chuck Ackerman of Colliers

5545 Fair Lane | Cincinnati

Industrial for Lease | Cincinnati

5545 Fair Lane

65,628 SF Available

Lease Contact: Tom Fairhurst of JLL

4030 Easton Station | Columbus

Office for Sublease | Columbus

4030 Easton Station

Lease Rate: $29.00/FS

31,754 SF Available

Sublease Contact: J.R. Kern of Capitol Equities Realty

Industry News & Insights

CLEVELAND

  • Two Downtown towers sell for $4.25M – total
  • NEO fund to boost biz, job sites
  • Three big Cleveland developments advance
  • Complete lakefront master plan due in October
  • Filling downtown’s grocery gap
  • Vacant lots may grow useful again
  • Cleveland rent growth steadies as apartment pipeline slows
  • Westwood in Rocky River fetches $28.7M
  • Cleveland office market sees more leasing, but empty space persists
  • NE Ohio wins big, $160M advanced manufacturing grant
  • WTH is an NCA? Brook Park's creating a special public entity to own the new Browns stadium
  • Demolition for Bridgeworks starts

AKRON/CANTON

  • Data center zoning change heads to Akron City Council for approval

COLUMBUS

  • STRAUSS and DHL Supply Chain Go Live in Columbus with Integrated Logistics Partnership
  • Release of data center water numbers a good step for transparency
  • Carvana Moves Forward With Columbus Customer Care Center, Vehicle Vending Tower
  • 10 Emerging Data Center Markets to Watch
  • Axium Packaging completes acquisition of new Columbus-area warehouse
  • Columbus could use recycled water for data centers' huge demand
  • Top 5 Midwestern Metros for Office Deliveries
  • Caddell Construction Builds for Growth in Columbus with New Office Designed Around People and Culture
  • Associated Bank completes loan for industrial distribution facility in Columbus, Ohio suburb

ELSEWHERE IN OHIO

  • Wayfair Plots 5 New Brick-And-Mortar U.S. Stores Through 2027
  • New data center proposed in Oxford Twp.
  • Realty Income buys portfolio of Dollar General stores

NEWMARK

  • Navigating American Dynamism and Industrial Real Estate
  • 2Q26 Cleveland Office Market Report Highlights
  • 2Q26 Columbus Office Market Report Highlights

GENERAL

  • Stable Interest Rates Outperform Fed Cuts for CRE, per Newmark
  • Most & Least Stressed Cities in America (2026)
  • Starwood Raises $10B For Distressed Assets, With An Eye On Data Centers
  • JCPenney closing more stores in 2026 as mall foot traffic fades
  • CRE Vintage Pricing Trends Break Traditional Value Assumptions
  • What Amazon’s Supply-Chain Push Means for Industrial
  • 62 Real Estate Insiders On A Year That Took A Turn, And What They're Doing About It
  • 'Historic' Order From Regulator Could Ease Data Center Power Pinch
  • New jobs report reveals a shift that could affect millions of Americans
  • Apartment Builders, Developers are Optimistic Long-Term Despite Rising Costs
  • Jersey Mike’s touts global expansion as it joins wave of firms in looking to an IPO
  • Private construction spending slid in May
  • Public opposition, megaproject starts and workforce investments: the latest in data center news
  • In Focus: Rethinking Water in Data Center Site Selection
  • Mortgage Lenders Scramble To Prove They're Policing Their Own AI
  • Brookfield's Data Center Firm Csquare Seeks Over $1.3B In IPO
  • Retail Leads July CMBS Maturity Wave as Refinancing Tightens
  • US Apartment Market Rebounds With Strong Q2 Occupancy Gains
  • North America Tops Global Real Estate Returns in 2026
  • Industrial Report: USMCA Delay Clouds Supply-Chain Planning
  • Midyear Outlook: CRE Market is Rewarding “Discipline and Precision”
  • Why CRE's Fed Rate Cut Obsession Might Be Backwards
  • More States Implement Special Power Rates For Data Centers
  • US Multifamily Rental Market Shows Signs Of Stabilization
  • Investors Shift From Private Credit to Equity Semiliquid Funds
  • REITs Outperform Equities in First Half of 2026
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