Records show $7.8M paid for LexisNexis property

New Montgomery County land transaction records show the LexisNexis campus property in Miami Twp. sold for $7.8 million.

Parent company Reed Elsevier Inc. sold the property to Industrial Commercial Properties.

Industrial Commercial Properties, a Cleveland-based commercial real estate development company, in a joint venture with longtime partner Industrial Realty Group, LLC (IRG), acquired the LexisNexis-occupied office campus in Miami Twp., the companies said in a joint announcement earlier this month.

The purchase furthers the companies’ already extensive Dayton-area holdings.

A pioneer in online legal research with a decades-long Dayton-area history, LexisNexis said it will remain an anchor tenant in the park.

The 391,000-square-foot campus is located on 60 acres and includes buildings at 9443, 9473, 9555, and 9595 Springboro Pike.

Records give the sale date as Wednesday.

In all, four parcels or transactions are shown under the nearly $8 million purchase price.

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