$1.3B acquisition includes MetLife building south of Dayton

Credit: DaytonDailyNews

A Miami Twp. property, which includes the MetLife building, sold to an investor for $36.5 million.

The Springboro Pike (Ohio 741) real estate deal was part of a $1.3 billion acquisition by Atlanta-based Stonemont Financial Group – its largest single purchase to date, according to the Wall Street Journal.

Stonemont Financial Group, a private real estate investment firm, bought the real estate from Oak Street Real Estate Capital, a Chicago-based private equity firm. It was part of a 100-property acquisition across 20 states.

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Oak Street had owned the property since January 2016 after it bought the investment from MetLife.

Montgomery County property records list the Miami Twp. acquisition, recorded Sept. 6, as 82 acres. This includes the 214,000-square-foot building once owned by MetLife at 9797 Springboro Pike.

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