Not only that, but CityWide maintains a lease with its tenant in its part of the building, Business Furniture. That store has a first-floor storefront.
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Quebec-based Olymbec has closed on the downtown building at Third and Main streets, an executive with the company confirmed Monday.
“It doesn’t mean a whole lot for us at this point,” Heitkamp said Tuesday. “We do own our own space in the building.”
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CityWide, which acts as Dayton city government’s private development arm, has about 20 employees at the site.
The PNC building at 6-8 N. Main St. only has a few tenants, including CityWide, Business Furniture and the law firm Bieser, Greer & Landis LLP.
“The most occupied part of the building is owned by someone else” other than Olymbec, Heitkamp said.
Heitkamp said he has had only brief discussions with Olymbec representatives and expects to have more talks in the future. He said he wasn’t certain that Olymbec was fully aware at one point that Citywide was an owner in the building.
Still, he predicted that new ownership will “create more energy” in the building.
“Stay tuned, I think, is probably how I would put it,” Heitkamp said.
Olymbec is probably best known in Dayton for having bought the 11-story 111 W. First St. office tower in 2016 with plans to renovate the building to attract new tenants.
Those plans paid off when Taylor Communications agreed to lease eight floors of the building to move 500 or more employees to downtown.
Earlier this year, Michael Matthews, a vice president of leasing for Olymbec, told this news outlet that his company remained bullish on downtown Dayton and was looking to buy more properties.
“Yes. We are always looking,” Matthews said in an email when asked if he was looking to purchase other downtown Dayton properties.
Matthews said Tuesday Olymbec was aware of CityWide’s position in the building, and that doesn’t change the company’s plans.
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