The Coyne Report - December 12, 2025
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Featured Coyne Listing
Hadden Rd. & E. Highland Rd. | Twinsburg

Hadden Rd. & E. Highland Rd. | Twinsburg

The Coyne Team successfully represented the owners in the sale of 10.59 acres of commercial land at Hadden Rd. & E. Highland Rd. in Twinsburg.

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This Week's Top Sales
1488 US-68 | Wilmington

1488 US-68 | Wilmington

Land Sale

$86,436,000 ($183,279/AC)

471.609 AC

Seller: June A. Cosler | Buyer: Amazon Data Service Inc.

Learn More

4220, 4224, 4320, 4332, & 4346 Kent Rd. | Stow

4220, 4224, 4320, 4332, & 4346 Kent Rd. | Stow

Retail Sale

$55,000,000 ($123.67/SF)

444,746 SF

Seller: SITE Centers | Buyer: Haverford Retail Partners

900 E. Dublin Granville Rd. | Columbus

900 E. Dublin Granville Rd. | Columbus

Medical Office Sale & Mortgage

$39,000,000 ($342.86/SF)

113,748 SF

Seller: Pinta Health LLC | Buyer: Woodbury Corporation

Mortgage Consideration: $19,000,000

Grantor: HS Ammon, LLC (Woodbury Corporation) | Wall Avenue Center, L.C. | 1700 Investments, LLC | Schneider Properties, LLC | 445 East LLC | Grantee: Zions First National Bank

12110 Champion Way | Sharonville

12110 Champion Way | Sharonville

Industrial Sale

$22,150,000 ($102.86/SF)

215,334 SF

Seller: Liberty Property Limited Partnership | Prologis, Inc. | Buyer: STAG Industrial Holdings, LLC

11397 & 11301 Montgomery Rd. | Cincinnati

Multiple Retail Properties

$11,191,000 ($693.46/SF)

16,138 SF

11397 Montgomery Rd. & E. Kemper Rd. | Cincinnati

$6,565,013 ($660.46/SF)

9,940 SF

Seller: Harpers Corner Parcel LLC | Buyer: CL Shops at Harpers Station OH LLC

11301 Montgomery Rd. | Cincinnati

$4,625,987 ($746.37/SF)

6,198 SF

Seller: BRE Retail Residual Owner 2 LLC | Buyer: CL Shops at Harpers Station OH LLC

5851-5871 Frantz Rd. & Blazer Pkwy. | Dublin

5851-5871 Frantz Rd. & Blazer Pkwy. | Dublin

Retail & Medical Office Sale & Mortgage

$10,740,000 ($462.57/SF)

23,218 SF

Seller: Dublin Corners I LLC | Buyer: Kingston Corners Retail Investors, LP

Mortgage Consideration: $6,825,000

Grantor: Kingston Corners Retail Investors, LP (Dublin Corners Properties, LP) | Grantee: Huntington National Bank

11902 Middleton Pike | Bowling Green

Multi-Parcel Land Sale

11902 Middleton Pike | Bowling Green

$7,078,751 ($89,525/AC)

79.07 AC

Seller: JJJ Family Properties LLC | Buyer: Williams Field Services Group LLC

0 Middleton Pike | Bowling Green

$1,420,248 ($89,549/AC)

15.86 AC

Seller: Sam Properties of Wood County LLC | Buyer: Williams Field Services Group LLC

Learn More

707 Harco Dr. | Englewood

707 Harco Dr. | Englewood

Industrial Sale

$6,824,385 ($86.49/SF)

78,903 SF

Seller: Lipo Chemicals Inc. | Buyer: VF Vantage OH LLC

7558 Cubbage Rd. | Columbus

7558 Cubbage Rd. | Columbus

Land Sale

$5,945,000 ($288,368/AC)

20.616 AC

Seller: Ciminello Land Co. LLC | Buyer: Arroyo Cap V-2, LLC

2650 W. Market St. | Lima

2650 W. Market St. | Lima

Multi-Family Sale

$4,460,000 ($35,968/Unit)

124 Units

Seller: 900 Title Jefferson LLC | Buyer: Ruby Properties LLC

Executed Leases Over 10,000 SF
12550 Jug St. | Johnstown

12550 Jug St. | Johnstown

Industrial Lease

300,400 SF

Lease Rep Company: JLL

0 Insley Rd. | North Baltimore

0 Insley Rd. | North Baltimore

Industrial Lease

100,000 SF

Lease Rep Company: JLL

150 Lawton Ave. | Monroe

150 Lawton Ave. | Monroe

Industrial Lease

75,270 SF

Lease Rep Company: SQFT Commercial

2222 New World Dr. | Columbus

2222 New World Dr. | Columbus

Industrial Lease

50,239 SF

Lease Rep Company: JLL

7400 Safelite Way | Columbus

7400 Safelite Way | Columbus

Office Lease

35,444 SF

Lease Rep Company: Colliers

9687 Colerain Ave. | Cincinnati

9687 Colerain Ave. | Cincinnati

Retail Lease

30,000 SF

Lease Rep Company: 3CRE Advisors, LLC

312 Elm St. | Cincinnati

312 Elm St. | Cincinnati

Office Lease

24,600 SF

Lease Rep Company: CBRE

799 E. 73rd St. | Cleveland

799 E. 73rd St. | Cleveland

Industrial Lease

22,560 SF

Lease Rep Company: Shoreway Logistics I, LLC

1711-1715 georgesville rd

1711-1715 Georgesville Rd. | Columbus

Industrial Sublease

20,000 SF

Sublease Rep Company: RJ Boll Realty

4605-4627 Dixie Hwy. | Fairfield

4605-4627 Dixie Hwy. | Fairfield

Office Lease

19,740 SF

Tenant: Catholic Charities

Lease Rep Company: Carnegie Companies, Inc.

110 Riverbend Ave. | Lewis Center

110 Riverbend Ave. | Lewis Center

Office Sublease

Lease Rate: $18.00/FS

11,062 SF

Sublease Rep Company: Koon Property Group

Top New Sale & Lease Listings
National Rd. SW. | Pataskala

National Rd. SW. | Pataskala

Proposed Industrial for Lease

1,574,640 SF Available

Lease Contact: Todd Spencer of Lee & Associates

6606 Tussing Rd. | Reynoldsburg

6606 Tussing Rd. | Reynoldsburg

Industrial for Lease

Lease Rate: $6.50/NNN

169,500 SF Available

Lease Contact: Michael Guagenti of Cushman & Wakefield

5870 Poe Ave. | Dayton & 3300 Stop Eight Rd. | Dayton

Industrial Portfolio for Sale

5870 Poe Ave. | Dayton

3300 Stop Eight Rd. | Dayton

$5,500,000 ($39.33/SF)

139,829 SF

Sale Contact: Tom Fairhurst of JLL

5650 Green Pointe Dr. N. | Groveport

5650 Green Pointe Dr. N. | Groveport

Industrial for Lease

120,000 SF Available

Lease Contact: Shelby Gumpf of CBRE

Abbe Rd. | Sheffield Village

Abbe Rd. | Sheffield Village

Land for Sale or Ground Lease

$3,616,000 ($200,000/AC)

18.08 AC

Sale Contact: Jason Laver of Cushman & Wakefield | CRESCO Real Estate

1610 Hubbard Thomas Rd. | Hubbard

1610 Hubbard Thomas Rd. | Hubbard

Office for Lease

71,688 SF Available

Lease Contact: Malinda Koncar of Berkshire Hathaway HomeServices Stouffer Realty

3418-3448 Progress Way | Wilmington

3418-3448 Progress Way | Wilmington

Industrial for Sublease

57,000 SF Available

Sublease Contact: Beau Nimer of CBRE

8054 Darrow Rd. | Twinsburg

8054 Darrow Rd. | Twinsburg

Offices & Warehouse Investment for Sale & Lease

$3,450,000 ($95.83/SF)

Lease Rate: $15.00/NNN

36,000 SF RBA | 4,886 SF Available

Sale & Lease Contact: David Hexter of NAI Pleasant Valley

3600-3700 Park 42 Dr. | Sharonville

3600-3700 Park 42 Dr. | Sharonville

Office & Industrial for Lease

Lease Rate: $10.00/NNN

28,512 SF Office | 25,641 SF Industrial Available

Lease Contact: Todd Pease of JLL

1340 Belmont Ave. | Youngstown

1340 Belmont Ave. | Youngstown

Medical Office for Sale

$4,150,000 ($155.95/SF)

Cap Rate: 8.00%

26,611 SF

Sale Contact: Christopher Biuso of Marcus & Millichap

601 4th W. St. | South Point

601 4th W. St. | South Point

Under Construction Industrial for Sale & Lease

$3,175,000 ($144.32/SF)

Lease Rate: $8.50/NNN

22,000 SF RBA/Available

Sale & Lease Contact: Marty Conley of Lawrence Economic Development Corporation

3020 N. McCord Rd. | Toledo

3020 N. McCord Rd. | Toledo

Medical Office for Sale

$3,218,479 ($153.44/SF)

Cap Rate: 7.75%

20,975 SF

Sale Contact: Kyle Mackulak of Matthews Real Estate Investment Services

3100 exon ave

3100 Exon Ave. | Cincinnati

Industrial for Lease

Lease Rate: $7.95/NNN

20,760 SF Available

Lease Contact: Jeffrey Kroeger of Colliers

901 N. Main St. | Miamisburg

901 N. Main St. | Miamisburg

Industrial for Sale &Lease

$955,000 ($48.59/SF)

Lease Rate: $4.95/NNN

20,477 SF Available

Sale & Lease Contact: Roddy MacEachen of SQFT Commercial

225 East Ave. | Elyria

225 East Ave. | Elyria

Industrial for Sale

$4,495,000 ($56.29/SF)

79,851 SF

Sale Contact: Troy Gerspacher of Gerspacher Real Estate Group

43945 Marietta Rd. | Caldwell

43945 Marietta Rd. | Caldwell

Hotel for Sale

$3,500,000 ($46,053/Room)

76 Rooms

Sale Contact: Jeff Mathias of Howard Hanna Real Estate Services

Top Mortgages
2701 Charter St. | Columbus

2701 Charter St. | Columbus

Franklin County

Consideration: $612,000,000

Grantor: 2701 Charter Street, LLC | Grantee: JPMorgan Chase Bank, N.A.

2144 John Glenn Ave. | Columbus

2144 John Glenn Ave. | Columbus

Franklin County

Consideration: $205,000,000

Grantor: POC RP Holdings, LLC | Grantee: Cerberus Business Finance Agency, LLC

27080 Oakwood Dr. | Olmsted Township

27080 Oakwood Dr. | Olmsted Township

Cuyahoga County

Consideration: $54,843,000

Grantor: Oakwood Estates - One, LLC | Grantee: Lument Real Estate Capital, LLC

1708 Creeksedge Dr. & 1587 College Ave. | Columbus

1708 Creeksedge Dr. & 1587 College Ave. | Columbus

Franklin County

Consideration: $33,686,485

Grantor: RSHD College Park, LLC | RSHD Bexley, LLC | Grantee: CIBC Bank USA

Multiple Franklin County Meineke Car Care Centers

Multiple Franklin County Meineke Car Care Centers

2260 E. Livingston Ave. | Columbus

845 Park Rd. | Columbus

5454 Westchester Wood Blvd. | Hilliard

Consideration: $32,713,852

Grantor: Meineke Midwest DT LLC | Grantee: SW Devcap Lender Sierra Meineke Portfolio, LLC

1894 E. 82 St. | Cleveland

1894 E. 82 St. | Cleveland

Cuyahoga County

Consideration: $25,580,000

Grantor: Chester 82 LLC | Grantee: S&T Bank

104 Louden Ct. | Elyria

104 Louden Ct. | Elyria

Lorain County

Consideration: $19,970,000

Grantor: Wilkes Villa, LLC | Grantee: Lorain Metropolitan Housing Authority d/b/a Raise Up

Consideration: $15,832,500

Grantor: Wilkes Villa, LLC | Grantee: Lument Real Estate Capital, LLC

1003 N. Prospect St. | Bowling Green

1003 N. Prospect St. | Bowling Green

Wood County

Consideration: $18,592,500

Grantor: Super Wash Real Estate LLC | SW Franchise Inc. | Super Wash LLC | Grantee: Bell Bank

4655 Bradley Rd. | Westlake & 17337 Pearl Rd. | Strongsville

4655 Bradley Rd. | Westlake

17337 Pearl Rd. | Strongsville

Cuyahoga County

Consideration: $15,000,000

Grantor: EIG14T BPK OH Westlake LLC | EIG14T BPK OH Strongsville LLC | Grantee: Wells Fargo Bank, National Association

6183 Centre Park Dr. | West Chester

6183 Centre Park Dr. | West Chester

Butler County

Consideration: $15,000,000

Grantor: Joint Adventures LLC | Grantee: First Financial Bank

Industry News & Insights

CLEVELAND

  • 'Miracle': The Warner & Swasey redevelopment in Cleveland's Midtown is finally happening 
  • Inferno, Rum Runners shutter due to 'economic pressures' 
  • Port Authority optimistic about Midway Mall after developer backs out 
  • Cleveland’s general fund ‘cannot be the backstop’ for Progressive Field and Rocket Arena repairs, city official says 
  • Lakewood developments come into focus 
  • Filling the lakefront void left by the Browns 
  • 3 Impactful Cleveland Development Projects of 2025 
  • Site Centers looks to sell remainder of its shopping center portfolio 
  • Cleveland waterfront proposals include mixed-use entertainment, soccer field, housing 
  • Cleveland council claims victory in Browns deal, but did they just create more slush funds? 
  • Browns stadium in Brook Park: What hurdles remain after Cleveland deal? 
  • Waterfront Board Reviewing 11 Proposals for Lakefront Development in Post-Stadium Cleveland 
  • Cleveland pulls plug on Slavic Village solar farm amid standoff with Cuyahoga County 
  • Lorain County megasite sparks backlash over funding gaps and public transparency 
  • Strongsville residents sound off against proposed Meijer store on Pearl Road 
  • Cleveland and the Browns file to drop their lawsuits over team's Brook Park stadium move 
  • Lorain County Port Authority enters contract to buy former Elyria Days Inn 
  • Mentor moves forward with mixed-use development to revitalize old village area 
  • Cleveland updates its ‘antiquated’ permit process with online application portal 
  • A new era for Cleveland real estate development 
  • PK Management to close facility in Richmond Heights 
  • Federal judge rejects bid to block state from using unclaimed funds to fund new Browns stadium 
  • Major corporate location influencers to convene in Cleveland next fall 
  • Circle North fuels Glenville momentum 

AKRON/CANTON

  • GPD Group and City of Akron Announce Landmark Commitment to Downtown Akron’s Southside 
  • Tough tasks await Downtown Akron Development Corporation CEO 

COLUMBUS

  • Opinion: If We Hate Data Centers So Much, Maybe We Post Less Nonsense? 
  • Amid a data center fight, Pickaway County government pushes for collaboration 
  • Demand for water rises as data centers move into central Ohio 
  • Concerning report finds Central Ohio water demand is skyrocketing due to rise of data centers 
  • AEP Ohio customers oppose proposed electric rate hike as new data centers pressure grid 
  • Insurcomm Restoration Accelerates Midwest Expansion with New Office in Columbus, Ohio 
  • How Ohio plans to address data center power needs 
  • EQT extends buying spree with big industrial deal near Columbus 
  • Columbus extends opportunity for area commissions to give input on next phase of city zoning plan 
  • Woodside Health Acquires 22,950 SF Dublin Corners Retail Property in Metro Columbus 
  • A study claims delays in how Ohio permits energy projects defray investments 
  • Where to put the data centers? 
  • Energy market watchers see Ohio electric bills rising as data center demand continues 
  • National furniture store retailer puts batch of leases on the auction block 
  • Data center company spends more than $34 million on land near New Albany 

DAYTON

  • Vultr plans 50MW AMD MI355X cluster in Springfield, Ohio 
  • Wilmington residents will have to wait to learn fate of Amazon data center tax abatement 
  • New $1.3B Springfield data center expected to open in early 2026 

NEWMARK

  • The Cold Chain Sector Recalibration 
  • Newmark Named North America’s Best Real Estate Adviser by Euromoney 

GENERAL

  • CMBS Distress Rate Climbs to 11.6% in November 2025 
  • Family Offices Target CRE Opportunities 
  • CRE Transactions Rebound in Q3 2025 
  • REIT Dividends 2026 Outlook Shows Slower Growth 
  • CRE Slowdown Signals Continued Market Uncertainty In 2025 
  • CRE Pricing Recovery Boosted by Office Sector in Q3 2025 
  • Kroger to accelerate store openings as it moves fulfillment to retail locations 
  • NAIOP: Office Demand Surged in Q3 After Negative Absorption in Q2 
  • REPORT: Morgan Stanley Weighs Hedging A Data Center Bet 
  • CRE Recovery Trends Driving the Market Through 2026 
  • Google, NextEra Energy to develop data centers with power plants on site 
  • Sales of distressed commercial property rise, led by offices 
  • US apartment rents drop in steepest November decline in more than 15 years 
  • 2025 Was The Year Of The Office Haircut, But The Pain May Bring Gain 
  • KKR To Invest Billions In Portfolio Of Brookfield-Backed Compass Datacenters 
  • Tariffs drive surge in construction project stress 
  • Inflation holds steady, bolstering case for Fed benchmark rate cut 
  • U.S. Self-Storage Sales Surge 62% in Q3 2025  
  • REITs Set for 2026 Comeback as Valuation Gaps Narrow 
  • Deal Volume Declines in October as CRE Market Stalls 
  • Office Recovery Begins After Deep Discounts 
  • Fed Trims Rates Quarter-Point, Signals Higher Bar to Further Cuts  
  • Take Care When Using the 200% Identification Rule in a 1031 Exchange 
  • Advance Auto Parts puts 83 properties on the market 
  • Project Abandonments Rise Amid Tariff Pressure 
  • Nearly six years after the pandemic, US hotels still struggle to regain lost occupancy 
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