Titan Capital Lets Go of Ohio Office Building

A team of brokers from CBRE and NKF represented the owner of the 23-story property, the fourth largest building in Dayton, in the transaction.
130 W. 2nd St., Dayton, Ohio
130 W. 2nd St., Dayton, Ohio

A decade after it acquired the 23-story high-rise at 130 W. 2nd St. in Dayton, Ohio, owner Titan Capital Investment Group sold it to Brian Lash, former CEO and chairman of Target Logistics Management. The seller was represented by a team of brokers including Matt Arnovitz, senior associate with CBRE, together with Senior Managing Directors Jim Vondran and Keith Yearout from the Cincinnati office of Newmark Knight Frank.

The asset, which is the fourth largest building in Dayton, encompasses 336,000 square feet and was completed in 1972, according to Yardi Matrix data. In addition to the office component, it includes 1,500 square feet of retail space on the first floor, an on-site cafeteria and conference room. Parking is independently owned.

The buyer plans to bring a number of upgrades to the building, which hasn’t been renovated for almost two decades. Planned amenities include a fitness center, co-working spaces, a banquet hall and meeting rooms.

Image courtesy of Google Street View