DAYTON, OHIO — Cincinnati-based Grubb & Ellis|West Shell Commercial has brokered the sale of 40 West 4th Centre, a 222,000-square-foot, Class A office tower located at the corner of West 4th and Ludlow streets in Dayton. New York-based Matrix Capital Partners has acquired the 23-story building from Cincinnati-based Union Central Life Insurance Co. for $3.8 million. The facility includes a six-story parking garage with 360 spaces, an on-site restaurant, a fitness center and an executive conference center. Tenants at the property, which was 94 percent leased at the time of the sale, include Miami Valley Hospital, ORC Protel, E.S. Gallon & Associates and the state of Ohio. Jeff Johnston and Steve Timmel of Grubb & Ellis|West Shell Commercial, and Tom Nikolai of Mark Fornes Realty represented the seller in the transaction.
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