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4 downtown Dayton buildings sold over past month

Several prominent downtown Dayton office buildings have sold in recent months.

Here’s what we know so far about the new owners and their plans for the properties.

Grant Deneau Tower

Dayton’s first modern skyscraper, Grant Deneau Tower, sold to developers that are already working on projects in downtown.

The Windsor Companies said it bought the 22-story office tower, though the sale price is not yet recorded in property records.

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Windsor Companies has been on a shopping spree for downtown buildings. The company this year has purchased a variety of buildings in the Fire Blocks District, which is centered around the 100 block of East Third Street.

The 40 W. Fourth St. building has wide-open floor layouts that provide opportunities to turn the spaces into a variety of creative uses, a Windsor official said when the sale was announced Jan. 8.

Windsor also has just bought the fully-occupied Firefly building at 123 Webster street and the vacant Graphic Arts building at 221 S. Ludlow St.

Courthouse Plaza SW

An 11-story downtown tower sold for $1.7 million to Stratacache, which is a growing digital sign company based in Dayton.

The CEO has said he will have more information in the near future about the company’s plans for Courthouse Plaza SW.

The building is home to tenants like U.S. Bank, Catapult Creative and the Miami Valley Regional Planning Commission and was 36 percent occupied when it was auctioned off in the fall by Atlanta-based Cygnus Capital.

MORE: Suburban office buildings sell for $5M+

Benjamin F. Kuhns Building

The Arcade developers own the entire nine-building complex after buying the Kuhns Building at 45 S. Main St.

The developer in the ongoing Arcade development project, Baltimore-based Cross Street Partner bought the building for $1.28 million in a sale recorded Jan. 7. The building was sold by Kuhns 1883 LLC, owned by Bob and Nancy Shiffler. The

The Kuhns building is the only occupied, and previously renovated building, in the current Arcade complex.

The building was constructed in 1883. What is believed to be one of the first commercial mail chutes in the United States is found in the building, which was placed on the National Register of Historic Places in the late 1970s.

RELATED: Arcade developer now controls all nine Arcade buildings

Talbott Tower

The 14-story Talbott Tower sold for $1.8 million to a local property owner who plans to invest in upgrades and bring on new tenants.

Javad Adinehzadeh, principal of Talbott Tower Holdings LLC, said a bakery could open in the building in about three months.

He plans improvements to the its lighting, roof and elevators, its heating, ventilation and air-conditioning system and more. He intends to reduce the structure’s carbon footprint by 75 percent.

The 131 N. Ludlow St. office building has a parking garage, offices and first floor retail space. The building was built in phases, with the earliest section dating back to 1937.

The building has 197,000 square feet and is about 60 percent occupied today, Adinehzadeh said.

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