Wednesday, April 25, 2012

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

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Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-foot buildint to an education institution or the city of Daytohn may be thebest bet. The brokere said trying to market the space to another corporate user would be difficult as theres are few single users out therse needing thatmuch space. It could be parceled into an offics complex for multiple NCR intends to sellthe building, a company spokespersonn said. The five-story property is among the largest officw buildings in theDayton area. Paul owner and broker with Dayton-based , said a good option would be to donate the building tothe .
NCR wouldc gain the benefits of atax write-ofgf and the university would have a businesz campus, complete with parking, a cafeteriaq and plenty of space for classrooms, to mold for its “I bet they’ve already talked aboutg donating it to UD,” Hutchins said. “Givinv it to UD is a NCR gets a hugetax write-ofcf and UD gets a high-tecj technology center.” Mark Fornes, owner of Centerville-based , agreed. “It wouls be really nice if they give itto UD,” Forness said. “It would be a nice gesture in retur n for taking theirheadquarters out.” NCR’s headquarters, at 1700 S. Patterson Blvd., sits on 54 acres.

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