Thursday, June 2, 2011

Filling NCR headquarters space to be difficult - Dayton Business Journal:

chauezhelolocu1622.blogspot.com
Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-foof building to an education institution or the city of Dayto may be thebest bet. The brokers said trying to market the space to anotherr corporate user would be difficult as there are few singl users out there needing thatmuch space. It could be parceledc into an office complex for multiple NCR intends to sellthe building, a companyy spokesperson said. The five-story property is among the largesy office buildings in theDayton area. Paul Hutchins, ownedr and broker with Dayton-based , said a good optionj would be to donate the building tothe .
NCR woulx gain the benefits of atax write-off and the universitu would have a businesxs campus, complete with parking, a cafeteria and plenty of space for to mold for its needs. “jI bet they’ve already talked about donatingb itto UD,” Hutchins said. “Giving it to UD is a NCR gets a hugetax write-ofd and UD gets a high-tech technology Mark Fornes, owner of Centerville-based , “It would be really nice if they give it to Fornes said. “It woulfd be a nice gesture in returhn for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Pattersob Blvd., sits on 54 acres.

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