Finding tenant will be difficult - Business Courier of Cincinnati:

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The 1.3 million-square-foot building is one of the largesr properties inthe area, with more square footagew than the Kettering Tower, One Daytonb Centre and the KeyBan k Tower combined. Paul Hutchins, owner and broker with Dayton-basecd , said only a few users could fill theentired campus, and those types of tenants rarelyg come along. “You would have to look for somebodh looking for acorporate headquarters,” Hutchins said, notint that would be a difficult task in the currentr environment. Mark Fornes, owner of Centerville-based , agreed that a one-shot tenant would be hard to “There’s not too many 1 million-square-foot usersd running around,” Fornes said.
According to Montgomerh Countyproperty records, the buildinhg is valued at $31.4 million and sits on 54 acres. An emptu NCR headquarters would bump the Dayton market officre vacancy ratefrom 21.2 percengt to 27.6 percent. Fornes said the sheer size of the building presents thebiggest challenge. But he said the in the city of Dayton but not in the centraklbusiness district, makes it a differentt animal. “You have the free It makes it more like a suburban center in acentral location,” Fornes Hutchins said by dividing the propertt to become a multi-tenant it would take eight to 10 yearx to completely fill the facility, which is locate d at 1700 S. Patterson Blvd.
He said the regiom could get lucky and find a user that wantd to relocateits headquarters, but it would take proactivr government action. Even though the costse to subdivide the building wouldbe large, Forneas said the building woul d fill up quicker with a combination of smaller users, rather than hunting for one giantt tenant. Hutchins said the only problem with doing that is the operational costs. For it to make sense to maintain the building, the firsr tenant would have to fill at least 200,000 squard feet of space. Anything smaller would be a highlgy inefficient useof space, he said. There are some potential optionws forthe campus.
A larg e defense contractor might be interested inthe facility, Hutchines said, as it offers a campud setting, is wired for high-techu capabilities and has plenty of nearbyg amenities. Brokers said donating the building to an educatiojn institution or the city of Daytonj may be thebest option. Hutchins said a good optiobn would be giving the buildinbg tothe . NCR would gain the benefitsw of atax write-off and the universityy would have a business campus, complete with parking, a cafeteria and plenty of spacer for classrooms, to mold for its “I bet they’ve already talked about donating it to Hutchins said.
“Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-tech technology center.” Fornes also said donation to a university would make “It would be reallh nice if they give it to Fornes said. “It would be a nice gesture in return for takinbg theirheadquarters out.” NCR said Wednesday that Los Angeles-based will be marketint the headquarters. CB Richard Ellix also was selected by NCR in the firsty quarter of this year to handlefacilitiesa management, transaction management, lease administration and project management serviced across the company’s 5.5 million-square-foot real estate portfolio.
CB Richard Ellisz officials could not be reached for commengt forthis story.