DAYTON, OH—HFF has just been named by Dunkirk Realty, Ltd. to market for sale its Kettering Tower, a 495,558-square-foot, class A office tower in Dayton's central business district. The Long Island, NY-based Dunkirk bought the tower, the city's tallest, in 2012 and soon launched a renovation. The building had been placed in receivership in 2010.
Kettering Tower sits on a two-acre site at 40 N. Main St. just across from the Schuster Performing Arts Center and within blocks of the Dayton Regional Transit Authority hub, Great Miami River Recreational Trail and the Dayton Convention Center. Originally built in 1971, the building is leased to such tenants as JPMorgan Chase, the Dayton Racquet Club, Rogers & Greenburg, Thorn Lewis + Duncan, and Pickrell Schaeffer & Ebeling, all of which have resided there since its opening.
Building amenities include an eight-level, 460-space connected garage, and a Chase Bank branch, tenant lounge areas, a restaurant and bar, optometrist and men's clothing store, all located in the lobby. On the upper floors tenants have access to a conference center, cafeteria and the racquet club. This offering also includes a surface parking lot, which a new owner could also redevelop.
Director Ken Martin leads the HFF investment sales team representing Dunkirk and Dave Keller can arrange acquisition financing. Colliers International's Paul Miller is the Ohio broker of record.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
