Miller said the buyer is an “entity owned by the same” group as ICP. The Cleveland-based redevelopment firm markets about 20 Dayton-area properties totaling more than two million square feet of building space, according to its website.
Aside from several buildings in Kettering and Moraine, they include sites in Beavercreek, Dayton, Fairborn, Miami Twp., Springfield, Vandalia and Xenia.
The two vacant Forrer buildings totaling about 400,000 square feet are among Kettering’s three highest redevelopment priorities, City Manager Mark Schwieterman said recently.
The city this week passed a measure expanding the types of businesses and jobs permitted “so it can be more appropriately and easily redeveloped,” Kettering Planning and Development Director Tom Robillard told city council.
The 950 Forrer land accounts for nearly one third of the 120-acre business park, which houses major employers Alternate Solutions, Amazon and Kettering Health, according to city records. Synchrony left as part of a global work-from-home strategy.
“We’re interested in filling the buildings up with tenants that make sense there as soon as we possibly can,” Miller said. “We’ve got a couple of active conversations going, but no deals yet.”
ICP wants to convert the property “from a single-tenant office building to likely a mix of uses…I would call it light industrial and office-combination type use — some people call those flex buildings,” he added. “We think the buildings lend themselves pretty well to that.”
The land was purchased by F1 Kettering LLC in 2008 for an undisclosed price, county records show. It bought the property from Forward One LLC, which paid $37.9 million for it two years earlier, documents state.