Excerpt from the Dayton Daily News
Wright State University has sold a Miami Valley Research Park property for $475,000.
The university sold a 54,087-square-foot building at 3171 Research Blvd. to Kettering 3171 Research LLC, a limited liability company linked to a Cleveland-area property developer and investor, Industrial Commercial Properties.
The latter company, also known as “ICP,” has been busily acquiring properties in the Kettering-Beavercreek research park for months, spending millions to acquire four office buildings in the park last year.
County records identify the seller and give the sale date as Jan. 8.
Questions were sent to ICP, which is based in Solon, Ohio.
“Wright State’s sale of that building is part of the university’s on-going overall initiative that’s been place for the last few years to shed property outside our core campuses,” said Seth Baugess, a spokesman for the university. “ICP bought the other Research Park buildings recently and approached Wright State when they found out the university would be selling."
