LexisNexis reducing its footprint on sprawling campus

The LexisNexis building in Miami Twp. CONTRIBUTED

Company says Dayton area remains a core location for many of its business functions

One of Dayton’s largest employers of high-paying jobs is reducing its footprint at its Miami Twp. location near Interstate 75 with the sale of three buildings.

LexisNexis, the online legal research company located on Ohio 741 (Springboro Pike), now has five buildings for sale on its sprawling campus as it moves its employees to two buildings.

The company said the sale represents a “a strategic business operations decision."

“We want to emphasize that we are committed to our staff here on the Dayton campus, and we will continue to have a local presence, but with more people working from home more of the time we will need less space,” LexisNexis said in response to questions Friday.

“We have decided we can more optimally utilize our existing space by moving employees to two buildings on campus, which allows us to reduce our footprint and explore the market for potential sale of three buildings, 9473, 9555 and 9595 Springboro Pike."

ExploreReported last month: 2 LexisNexis buildings up for sale in Miami Twp.

The Dayton Daily News reported last month that a pair of office buildings on the LexisNexis campus were for sale by its landlord-owner.

Real estate firm CBRE is marketing those two buildings. Newmark Knight Frank is marketing the three newest addresses to go on the market.

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

LexisNexis has long said it has about 3,000 Dayton-area employees. In a statement last month, a spokeswoman said the business has 10,600 employees worldwide.

The company added: “Teams in Dayton continue to make broad and significant contributions to drive the LexisNexis business forward. Dayton remains a core location for many of the LexisNexis business functions including sales, marketing, customer operations, human resources, finance and legal.”

As the coronavirus pandemic drags on, several Dayton-area companies have chosen for their employees to work remotely.

“Many businesses are examining their physical office footprint as more employees work from home,” Dayton Development Coation CEO Jeff Hoagland said in a statement Friday. “While the shift started in reaction to the pandemic, many companies are looking for ways they can continue to give their employees a flexible work environment and what that might mean for their real estate needs. We expect to see some changes as companies evaluate their operations.”

Christian Rahe, of CBRE, said Friday that national marketing material for the data center (9333 Springboro Pike) CBRE has listed is being prepared. His hope is that perhaps a local buyer or some kind of value-add investor will pick up the second building, 9393 Springboro Pike.

The LexisNexis history is long and complex, but has clear ties to Dayton.

Dayton-based paper producer Mead formed Mead Data Central in 1970, which itself created LexisNexis three years later. The next year, LexisNexis created its own private telecommunications link to customers, a harbinger of the internet age.

Miami Twp. plans to contract with the LexisNexis Accurint Virtual Crime Center. NICK BLIZZARD/STAFF

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