Downtown Dayton continues to become a technology hub for the region. With the announcement of another 5-year lease deal completed at Tech Town, the building has reached nearly 100% occupancy.
APEX Commercial Group announced this week that they brokered a deal to fill up the remainder of the space at 711 East Monument Avenue. The rapidly growing technology firm Mile Two has signed an agreement to occupy 21,000 square feet over two floors of space in the building for a new endeavor and collaboration space for the organization.
"We believe this space will present the ideal collaboration opportunity as we embark on this new project," said Jeff Graley, President of Mile Two. "It is valuable for us, as we continue our growth to be a part of the technology renaissance in Downtown Dayton."
While Graley could not release exact details of the project the space will be used for, he noted that this move would be another giant leap forward for the growth of the technology firm, which also announced last month it would be occupying space on multiple floors in The Manhattan in 2020.
Mile Two's Tech Town space is a 5-year lease in the building, which was created by CityWide Development Corp as an economic development tool to support the attraction and growth of high technology business and promote technology commercialization. Mile Two will join other tenants of the building Deloitte and Oerlikon, already located in Building #2 at Tech Town.
Aaron Savino, principal at APEX Commercial Group, brokered the deal.
"There is an exciting shift happening in Downtown Dayton," Savino said. "As the east market continues to tighten up, there has been an increasing demand from growing technology companies like Mile Two, to expand into office space in the urban core, so they can create these collaborative hubs of opportunity."
Savino said it has been an exciting time for APEX, which has been working with a number of companies experiencing similar growth and therefore, making their own moves into new and interesting office space.
"When the market is moving like this, we have a lot of fun," Savino said, "Because we get to play a small role in helping companies on their path to the next big thing."