Parker/Kruse Appointed Receiver for Washington Park in Dayton

Commercial Real Estate Agent

Parker Kruse Asset Management and its’ principals Richard Kruse and Shawn Parker have been appointed as receiver and ordered to take control of 7777 & 7778 Washington Park Drive, Dayton, Ohio.


The Complaint in Foreclosure was filed on behalf of American National Insurance Company on September 19, 2014 with a Motion for Appointment of Receiver filed on September 23, 2014. On October 28, 2014, Judge Dennis Langer found that a receiver was warranted and appointed Parker/Kruse to assume control of operations.



The property is made up of two Class A office buildings totaling 154,000 SF in Washington Township just outside Dayton, Ohio. Unit sizes range from 900 SF to over 25,000 SF and the buildings are approximately 60% occupied.

Posted by

Richard Kruse, Managing Director

Gryphon Parker, LLC

Sperry Van Ness Ohio / Gryphon Parker

Parker Kruse Asset Management

Gryphon Auction Group

90 Northwoods Blvd., Columbus, OH 43235

Phone 614.774.4118 I I I


About Richard Kruse


Mr. Kruse began his real estate career full time in Virginia in 1997.  Over the past 17 years, he has conducted real estate and equipment sales across the country.  In August of 2003, Mr. Kruse, in partnership with his wife Melissa, opened Gryphon Asset Advisors, the predecessor to Gryphon USA., Ltd.  In June of 2014, Kruse and Shawn Parker formed Sperry Van Ness Gryphon Parker Commercial Realty and Parker Kruse Asset Management.  Prior to July, Kruse and Parker were each others largest competitor.


In addition to sitting on the Ohio Auctioneers Commission, Mr. Kruse leads Sperry Van Ness Auction Services efforts in the State of Ohio, teaches at the Ohio Auction School and is regularly consulted as an expert in auctions and distressed assets by Columbus Business First and the Columbus Dispatch.  He is an active member CenterPoint Church and lives with his wife, Melissa, and daughter, Savannah, in North Columbus. 


About Gryphon Parker, LLC



Gryphon Parker, LLC is a multi-faceted group of companies operating under the names Parker Kruse Asset Management, Sperry Van Ness Gryphon Parker, Gryphon Auction Group & Parker Realty. The entities providing distressed asset management, real estate brokerage, management, leasing and auction services throughout the State of Ohio. The SVN Gryphon Parker Special Assets Group, working closely with Parker Kruse Asset Management, advises financial institutions, borrowers and the Courts on troubled asset administration throughout the United States.

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