Former LexisNexis building 1 in Miami Twp. sells for $5 million to Encore Technologies

A building once owned by LexisNexis in Miami Twp. has changed hands again — and the new owner is fast-growing Cincinnati IT consultant Encore Technologies.

John Burns, chief executive of Encore Technologies, said LexisNexis has another four years on its lease at the site, 9333 Springboro Pike. His hope is that LexisNexis continues to have a presence there after that.

But he also has plans to establish his own company’s presence locally, with that building serving as a Dayton-area center of gravity.

“We’re interested in the asset because it’s a data center asset, and that’s what we do,” Burns told the Dayton Daily News Wednesday. “We build and run data centers, our own data centers and then data centers for other customers.”

“Our intention is to have a presence up there at some point,” added Burns, who is in his seventh year as Encore CEO.

Encore has close to 300 employees in the Cincinnati area and in Kentucky, and while it has employees in the Dayton area, it does not have a local office. It also has employees in Columbus.

“Our lease remains in place, and this sale will have no impact on our current business or our future plans,” Dana Greenstein, director of corporate communications for LexisNexis, said in an email Wednesday. “The Dayton location remains an important part of our global footprint.”

A Florida bank, TIAA FSB, sold the building at 9333 Springboro Pike to a limited liability company in Norwood, Ohio, 4620 Wesley LLC, for $5,043,950, according to Montgomery County property records. A real estate marketing web site identifies the building as “LexisNexis Building 1.”

County property records gave the transaction date as July 27.

In a second transaction on the same date with the same parties, listed as “land only,” a price of just over $1.2 million is given. (A spokesman for Montgomery County Auditor Karl Keith said the office was given two conveyance forms for the transaction, one for the land and the other for the building.)

LexisNexis has gradually divested itself of its Miami Twp. campus properties in the past two years although it still has workers there. The company has declined to say how many workers remain physically on the campus.

In February 2021, Cleveland-area and California investors bought the 391,000-square-foot former LexisNexis campus, a purchase that included 60 acres and four of six buildings on the campus, at 9443, 9473, 9555, and 9595 Springboro Pike.

At the time, a LexisNexis spokeswoman said that while the company no longer owned property on the campus, it did have long-term leases on two of the buildings there, 9443 and 9393 Springboro Pike.