LexisNexis may be nearing sale of Miami Twp. property

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FILE

Property ‘largest available block of office space outside” downtown Dayton

A LexisNexis sign near the entrance of the company’s Miami Twp. campus has been removed, and the company may be nearing a sale of some of its Miami Twp. campus property off Ohio 741.

A LexisNexis representative in October said company leaders had decided to move employees to two buildings on campus, letting the company reduce its footprint while it explored the market for potential sale of three campus buildings, 9473, 9555 and 9595 Springboro Pike.

The firm marketing the property calls it “the largest available block of office space outside of downtown Dayton.”

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LexisNexis was lined up to sell their buildings in late December, said Christian Rahe, of real estate firm CBRE, but he was not certain if a closing happened.

He referred questions to Douglas Altemuehle, executive managing director at real estate firm Newmark Knight Frank. Messages seeking comment were sent to Altemuehle and a spokeswoman for LexisNexis.

The Dayton Daily News reported in September last year that a pair of office buildings on the LexisNexis campus were being put up for sale by its landlord-owner.

CBRE was marketing those two buildings, while Newmark was marketing the three newest addresses on that campus to go on the market in October.

Of the properties marketed earlier by CBRE, LexisNexis Building 1 is 9333 Springboro Pike, and that lease will transfer to any new owner, LexisNexis spokeswoman Pamela Rath said in September. Building 2 is 9393 Springboro Pike. Building 2 was vacated previously by LexisNexis and offered for sublease in early 2017.

On its web site, Newmark has the listing of 253,500 total square feet of office space located at 9473, 9555 and 9595 Springboro Pike.

“Located between Lexis Nexis and MetLife, the office property provides excellent visibility from I-75 and easy access from Austin Boulevard and I-675,” the firm says of the property. “The two freestanding buildings are connected by an elevated pedestrian walkway.”

In Montgomery County records, ownership of 9473-9555 Springboro Pike is listed as “RELX C/O NEWMARK KNIGHT FRANK.” RELX is the stock market ticker for Reed Elsevier, the British-Dutch multinational that owns LexisNexis. The same owner is listed for 9595 Springboro Pike.

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