Beavercreek Property Sells for Over $5 Million
CINCINNATI (November 12, 2019) –Pentagon 1, 3610 Pentagon Blvd, located in Beavercreek, Ohio, was purchased by Wright-Patt Credit Union (WPCU) for $5,216,000. Richard Meder, Senior Vice President & Principal of Colliers Ohio, an expert in the real estate needs of the Defense Sector encompassing the Wright Patterson Air Force Base (WPAFB) and Dayton region, represented the seller, GER REB Realty, LLC.
As reported in Colliers’ Q3 Dayton Office Report, the Defense Sector continues to drive activity in the Dayton Office Market, which is demonstrated in this transaction. WPCU purchased this Class A, 30,846 SF property, sitting adjacent to the largest single-site employer in the State of Ohio, WPAFB, to allow strategic growth as they expand from their current headquarters, which sits just east of the newly purchased building. WPCU has over 800 employees across dozens of locations in Southwest and Central Ohio. With 380,000 members and $4.4 billion in assets, it is the largest credit union in the state and ranked as one of the 50 fastest growing companies in the Dayton region by the Dayton Business Journal. WPCU also topped the Forbes’ list of America’s Best Credit Unions in Ohio.
Behind the Deal
Sale Price: $5,216,000
Total SF: 30,846 SF
Buyer: Wright-Patt Credit Union
Seller: GER REB Realty, LLC
Represented Seller: Richard Meder, Senior Vice President, Colliers International
Represented Buyer: Paul Howe, Paul Howe Realty
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About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
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Amy Schenk, Director of Marketing & Public Relations
Colliers International Greater Cincinnati