Dunkirk Realty of Plainview, N.Y., recently purchased Dayton, Ohio’s, iconic office building, the Kettering Tower at 40 N. Main St.
Dunkirk Realty will acquire the property with investment partners under Tower Partners LLC .
Dunkirk Realty is a family-owned commercial real estate investment firm owned by Albert Macanian and his sons. Its purchase of the Kettering Tower marks the first foray into Ohio by Macanian and his investment partners.
“With its location in the center of the United States, Ohio ― and Dayton in particular ― is an ideal location for investment and opportunity,” Macanian said. “Dayton is a great market for investors, not only because of its location, but for its potential as well. We have a long-term interest in Dayton.”
Macanian and his investment partners own more than 10 million square feet of property throughout the United States and abroad. Their portfolio includes office, retail, warehouse and flex properties in such markets as New York City, south Florida, southern California and Europe.
“Besides the outstanding investment opportunity, what really brought us to Dayton is the quality of the people,” Dunkirk Realty’s Eli Macanian said. “We were absolutely blown away by the kindness, hard-working attitude and caring of the Dayton community.”
Standing at 29 stories, the Kettering Tower houses 486,121 square feet of Class-A office space. It has been Dayton’s tallest office tower since it was constructed in 1971.
