FOR IMMEDIATE RELEASE
OLIO Development Group Acquires Fully Leased North Olmsted Retail Center
Columbus-based firm deepens commitment to Northeast Ohio market
COLUMBUS, Ohio — March 24, 2026 — OLIO Development Group has acquired a 12,132-square-foot fully leased retail center at 26614-26628 Lorain Road in North Olmsted, Ohio. The transaction closed March 17.
The center is home to Malley’s Chocolates, Sport Clips, First Federal of Lakewood, AT&T and CLE Care Medical Center — all five businesses in place with leases extending through 2034. For the businesses and the neighbors who rely on them, the ownership change brings no disruption.
“When we acquire a property, we’re not just buying a building. We’re stepping into a relationship with the businesses inside it and the community around it,” said Sage Gardner, director of real estate at OLIO Development Group. “Our roots in North Olmsted go back to our days as Raising Cane’s operators, when we built the location here ourselves. This is our third property in the city, and we see a long future here.”
The property sits along one of North Olmsted’s primary commercial corridors, with more than 29,000 vehicles passing daily. The five-mile trade area includes more than 165,000 residents and over 6,600 businesses.
“Because of our operator background, we know what tenants need from an owner. That’s the standard we hold ourselves to here,” Gardner said.
OLIO, headquartered in Columbus, brings an operator’s perspective to full-service commercial real estate across the Midwest, Southeast and Mid-Atlantic. Across its portfolio, the team has supported some of the country’s most recognized restaurant and retail brands through various capacities — from site selection to construction — and is proud to partner with industry leaders including Raising Cane’s, Panda Express, Shake Shack, CAVA, 7 Brew, Chase, Potbelly and others.
Brands expanding into OLIO’s markets will find available retail space and build-to-suit opportunities through Sage Gardner, director of real estate, at [email protected] or 614.852.7565.
About OLIO Development Group
OLIO Development Group is a full-service commercial real estate development and construction company headquartered in Columbus, Ohio. Built by former operators, OLIO partners with the nation’s fastest-growing restaurant, retail and healthcare brands to deliver integrated site selection, project development, construction management, facilities management and financing services across the Midwest, Mid-Atlantic and Southeast.
For more information, visit www.oliodevgrp.com.
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Media Contact:
Matt Salts
Director of Business Development and Marketing
OLIO Development Group
[email protected]
614.286.2938