DAYTON (June 21, 2010) – Gem Real Estate Group recently negotiated a lease agreement between The United Way of the Greater Dayton Area and 33 West First Partners, LLC , at The Soin International Building, 33 West First Street, in Downtown Dayton. The five year deal for 15,000 SF on the building’s fifth floor was signed in April. United Way moved into their new space in Suite 500 the first week of May.
Amanda Cox, VP at Gem, said United Way first engaged Gem’s services in early Fall of 2009, and Gem began surveying the Greater Downtown area for suitable space. The search team, comprising President and CEO Allen Elijah and CFO Teri Warwick, with support from United Way’s Board of Directors, considered all space possibilities. These included some non-traditional space and others outside the urban core, but ultimately found the most economical and most appealing opportunities Downtown.
“United Way’s top priorities were reducing expenses and finding a new headquarters that would be more visible and accessible to the Dayton business community. The Soin Building is in an ideal location, has high visibility, and had virtually turn-key office space, which reduced the out-of-pocket for both parties.”Cox said that the landlord provided a compelling lease package consisting of competitive rates, a reasonable build-out allowance, and parking in the attached garage.
“The deal worked out very well for all parties,” Cox said, “United Way will have professional office space that suits their needs today and allows flexibility for growth and expansion in the future without having to repeat the site selection process.”
To learn more about The United Way of the Greater Dayton Area, visit their website at dayton-unitedway.org/.
Gem Real Estate Group, Inc. is a full-service commercial real estate company offering a variety of services including sales, leasing, property management, appraisal and public sector consulting. For more information on Gem, please visit our website at gemcompanies.com.
Originally published in the June 2010 Issue of Gem’s Monthly Newsletter.