Saturday, June 9, 2012

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

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Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-fooy building to an education institution or the city of Daytonh may be thebest bet. The brokers said trying to market the space to anothef corporate user would be difficult as there are few singled users out there needing thatmuch space. It couled be parceled into an office comples formultiple users. NCR intends to sell the building, a company spokespersojn said. The five-story property is among the largesty office buildings in theDayton area. Paul Hutchins, ownetr and broker with Dayton-based , said a good option wouls be to donate the building tothe .
NCR woulxd gain the benefits of atax write-offf and the university would have a businesse campus, complete with parking, a cafeteria and plenty of spac e for classrooms, to mold for its “I bet they’ve alreadyt talked about donating it to UD,” Hutchines said. “Giving it to UD is a NCR gets a hugetax write-off and UD gets a high-techh technology center.” Mark Fornes, owner of Centerville-basee , agreed. “It would be realluy nice if they give itto UD,” Forne s said. “It would be a nice gesturwe in return for taking theirdheadquarters out.” NCR’s headquarters, at 1700 S. Patterson sits on 54 acres.

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