RELATED: This downtown Dayton building will be up for auction next month
But Riegel said he and Cross Street stepped away from bidding when prices reached a certain point. He declined to say what that point was, and he said he did not know who the highest bidder was.
Recall the Riegel has done far more than run Stratacache in recent years. In January, he also bought the former Kettering Tower — downtown Dayton’s tallest building, now called “Stratacache Tower” — as well as the Courthouse Plaza building last December, spending close to $15 million total for both buildings, not counting planned investments into those buildings.
The Fifth Third Center is about 38 percent occupied with about 212,000 square feet of available space ready for lease, states a Real Insight Marketplace web site detailing the auction.
We’ll continue to watch developments.