A company that owns correctional and detention centers nationally just bought a Miami Twp. federal records center for nearly $6.9 million.
The industrial building at 8801 Kingsridge Drive changed hands Friday, sold to CoreCivic Inc. from WBCMT 2007-c31. The sale price was $6.875 million.
In a statement sent in response to inquires from this news outlet, CoreCivic said the National Archives would remain a tenant at the site.
“CoreCivic is a (real estate investment trust) focused on government-leased real estate and intends to keep the National Archives & Records Administration as its tenant in the building,” the company said. “The purchase of this building is another example of CoreCivic's long-term acquisition strategy to expand our portfolio of government-leased real estate assets while providing innovative solutions to meet the needs of our government partners.
In a recent press release, Nashville-based CoreCivic said it owns 26 properties representing nearly 2.1 million square feet of real estate within its CoreCivic Properties portfolio, all once used by government agencies.
The company also said it manages seven correctional facilities it does not own, with a design capacity of about 9,000 beds and 1.7 million square feet of real estate.
Bidding on the Miami Twp. building happened in late August, according to a Loopnet real estate listing. The property offers more than 217,000 square feet.
The center was originally dedicated as a federal records storehouse in October 2003. The National Archives and Records Administration dedicated the building as its Great Lakes Region Kingsridge records center facility.
At the time, the government said the building had 45 employees and could host 30 visitor researchers. Its five bays could accommodate 1.2 million cubic feet of records, the government said.
The Kingsridge building was one of four National Archive facilities in the Dayton area in 2003, with all the sites offering a combined capacity of nearly 4 million cubic feet.
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