Downtown Dayton’s third tallest tower sells for $12.5 million

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Downtown Dayton’s third tallest tower sells for $12.5 million

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The Fifth Third Center sits at the southwest corner of Main and Third Streets in downtown Dayton. The 21-story building was constructed in 1989. LISA POWELL / STAFF

The Fifth Third Center has sold in downtown Dayton for $12.5 million, new Montgomery County property records show.

One South Main Street Holdings LLC bought the building for that amount from Ducru Spe LLC, along with associated parcels, records show. The sale was recorded Tuesday.

The building is at 1 S. Main St. Considered downtown’s third largest tower, the building has Class A office space, including offices available from 1,500 to 15,414 square feet, the property’s web site says.

An Ohio Secretary of State Office business filing links One South Main Street Holdings to CW Capital Asset Management in Bethesda, Md. 

Covering 363,473 square feet over 20 stories, the tower was built in 1989. The building has been in foreclosure since last year.

A previous owner of Fifth Third Center owed more than $15.7 million, according to court documents filed last year by Deutsche Bank.

The foreclosure complaint for the 1 S. Main St. office tower was filed June 1 last year in Montgomery County.

The tower has been home to tenants such as Fifth Third Bank, Wright-Patt Credit Union, Freund, Freeze & Arnold LLP, and law firm Dinsmore & Shohl LLP.

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