Parker/Kruse Appointed Receiver for Washington Park in Dayton

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.