“I think today she is smiling upon us,” said Frank Perez, KHN’s chief executive officer.
Neither Perez nor NCR disclosed the purchase price, though Perez confirmed it’s a fraction of the $8 million initially sought.
Moraine Farm, 1233 W. Stroop Road, will host corporate and community functions; KHN plans to hold a holiday party for its board there on Monday . Outside entities may use it for a fee. KHN plans to have a public open house.
Moraine Farm was home to Col. Edward Andrew Deeds, chairman of NCR’s board, who assisted Charles Kettering in inventing the first automobile self-starter.
Additions, transforming a 1912 farmhouse into the style of an English manor, were finished in 1921. The 45,803-square-foot home features an observatory from which Col. Deeds projected vacation photographs on the grounds for guests. Its music room has a walnut Steinway piano, said to be one of the largest in the country. One room’s wood paneling, furniture and fittings all come from Deeds’ yacht.
A spokesman for NCR, which has begun unloading its local holdings as it relocates its headquarters to Georgia, said many historically significant antiques and artwork will remain at the house.
Personal correspondence, portraits and other items related to NCR’s history and Col. Deeds will be kept in NCR’s archive, managed by Dayton History.
NCR said a review of household contents will precede a decision on moving any items to Georgia.
Contact this reporter at (937) 225-7457 or bsutherly@DaytonDailyNews.com.
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