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Research Park Arial View
Posted on March 12th, 2015

Miami Valley Research Park in Dayton, Ohio Sees Strong Leasing Activity in Last Nine Months

Dayton, OH - March 12, 2015 - The Miami Valley Research Foundation and CBRE Group, Inc. announced today that leasing activity at the Miami Valley Research Park in Dayton, Ohio has been especially strong in the last nine months. The Miami Valley Research Park, a 1,250-acre development in the eastern Dayton suburban communities of Beavercreek and Kettering, has seen 12 lease agreements, six new tenants and six renewals, totaling 150,000 square feet since June 2014.

The announcement comes after BWI Group, a premier chassis supplier that designs and manufactures brake and suspension systems for the global transportation market, recently renewed their 51,244 sq. ft. office space in the 3100 Research Building in the Miami Valley Research Park. In September 2014, the Berry Company announced they moved into 47,303 sq. ft. in the park and in February 2015, the WSU Boonshoft School of Medicine Center for Global Health signed a 13,700 sq. ft. lease renewal and expansion.

In addition to this leasing activity, Eastman Kodak has announced they have leveraged some of their existing space to accommodate their service parts warehouse operation. Approximately 50,000 square feet within their 3000 Research Boulevard building in the Research Park is now being used to maintain and distribute the spare parts required to sustain Kodak's customers within the US and Canada. According to Randy Vandagriff, Vice President and Site Manager for the Kodak Enterprise Inkjet Systems Division, "This decision demonstrates Kodak's continued commitment to the Dayton operation."

Matt Arnovitz and Sue Zickefoose from CBRE's Dayton office were named the exclusive leasing agents for the research park in August 2014 and have played a major role in the recent leasing activity, according to Bruce Pearson, President/CEO of the Miami Valley Research Foundation.

"The recent leasing activity not only shows that the Miami Valley Research Park is a viable location for companies to make long-term investments but it also shows that they are willing to make a commitment to their employees and the Dayton community," Mr. Pearson said. "Matt, Sue and CBRE have been a great partner in helping us bring in new tenants and retain existing tenants."

Despite the strong leasing activity in recent months, there is still plenty of space available, according to Sue Zickefoose of CBRE's Dayton office.

"It has been a great opportunity for us to represent the Miami Valley Research Park," Ms. Zickefoose said. "The Miami Valley Research Park still has approximately 100,000 square feet of available space and we welcome other companies to join this professional Class A park."

The Miami Valley Research Park is a university-related research park owned by the Miami Valley Research Foundation. The park is designed for tenants who are involved in technology development and includes 21 buildings totaling over 2.2 million square feet which houses more than 40 companies with approximately 4,400 employees. The property is located near The Greene, an 800,000 square feet mixed use life style center, in addition to schools and churches

Matt Arnovitz represents the fourth generation in his family to be involved in commercial real estate in southwest Ohio. He has extensive experience in office, industrial and retail real estate where he does traditional brokerage and tenant/buyer representation. Matt can be reached at +1 937 461 2273 or matt.arnovitz@cbre.com. For more information, view his professional profile.

Sue Zickefoose has over 35 years of experience in commercial real estate and property management and is a recognized leader in the Dayton commercial real estate industry. She can be reached at +1 937 461 2273 or sue.zickefoose@cbre.com

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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