Key Bank Tower
Photo: Ty Greenlees
Photo: Ty Greenlees

Key Bank tower up for auction again at lower starting bid

The Key Bank tower is set to be auctioned again, after an earlier auction apparently failed to secure a winning bid.

An online auction for the downtown Dayton tower at 100 W. Second St., along with the Leigh building and garage at 10 W. Second, is scheduled for April 15 to 17, according to the Ten-X Commercial auction page on the web.

The starting bid is set at $2 million, the page says. To participate, a $25,000 deposit is required.

LAST YEARKey Bank tower up for auction

Last November, both buildings were also up for auction, with a starting bid at that time set at $2.8 million.

Key Bank is the anchor tenant in the 27-story Key building, on a corner of Courthouse Plaza.

Other tenants in the Key building include the Downtown Dayton Partnership offices, the Krumholz law office and more. Both properties together offer a total of 413,000 rentable square feet.

The Leigh building, with the garage, is an eight-story mixed-use building, offering office, retail and parking, a block away from Key Tower.

Late last year, Chris Riegel, founder and chief executive of Dayton-based digital signage company Stratacache Inc., bought the Courthouse Plaza building at 10 N. Ludlow St., across from Dayton City Hall. 

Riegel also bought the former Kettering Tower, downtown’s tallest building at Second and Main, about a month later. The building is now called Stratacache Tower.

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