National Composite Center in Dayton to Auction Block

Commercial Real Estate Agent

KETTERING, Ohio -- The 196,000-square-foot facility that has served as home to the National

National Composite CenterComposite Center is being sold in a live and online auction culminating August 26, with Gryphon Parker LLC managing the sale.  


“The center has played an important role in the area’s economy over the years by providing manufacturing space, offices and even conference space to companies exploring new frontiers in the development of new composite materials,” said Rich Kruse, president of Gryphon Parker.  “The buyer of the facility may choose to continue using it for the same purpose or may phase that out as leases expire and pursue another business model,” he said.

The facility has attracted such clients as Airbus, Honeywell, and the University of Dayton Research Institute. Currently, it has seven tenants occupying 68,582 square feet.

“You don’t see many buildings that have such a combination of size, integrated facilities and stable base of paying tenants. In this case, the current tenants are providing almost $32,000 per month in income. Fully rented at the current rate of $5.25 per square foot, the facility has the potential of providing well over $400,000 per year,” said Kruse.

The center, on approximately 15 acres of land, is located at 2000 Composite Drive, Kettering.

The live auction will begin at 10:30 a.m. Wednesday, August 26, at the center. Online bidding at is available from noon on July 30 until the start of the live auction. 

Gryphon Parker personnel will be available to accommodate inspections from 11 a.m. to 1 p.m. Tuesday, August 11, and August 18.


Gryphon Parker LLC, based in Columbus, Ohio, specializes in the marketing of commercial properties and other assets, throughout the United States. Additional information is available at or by calling 614-885-0020.

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.

Comments (1)

Patricia Harris
eXp Realty - Alexandria, VA


Aug 06, 2015 09:27 PM