Dinsmore Commits to Downtown Dayton

September 3, 2014News Releases
Dinsmore & Shohl commits to the downtown core, signing a development agreement to keep its office in Dayton.

Upon finalizing a 10 year lease for additional space with the owners of the Fifth Third Center Building, Dinsmore will invest $1.5 million in office improvements and will combine the firm’s two Dayton offices into one 34,000-sq.-ft. location in that building at 1 S. Main Street.

“We are excited about the City’s commitment to downtown Dayton, and we appreciate the City’s willingness to work with us to facilitate our substantial financial investment to combine and expand our Dayton office downtown. This long-term commitment to remain here is reflective of our confidence in the future of downtown and in the City’s continuing efforts in support of the downtown business district,” said Fred Caspar, Managing Partner of the Dayton office.

The development agreement was approved by the City Commission on September 3. Under the terms of the agreement, the City of Dayton will provide a performance-based development grant of $275,000, paid in five annual installments of $55,000, to support the retention and growth of Dinsmore in downtown Dayton. The annual installments will commence after the firm has completed improvements and achieved corporate and payroll tax benchmarks.

“The City of Dayton is proud to partner with Dinsmore & Shohl to improve and retain its presence in downtown Dayton,” Mayor Nan Whaley said. “Dinsmore’s commitment to downtown is another great step forward in the revitalization of the region’s core.”

Dinsmore has operated at the two locations since 2008, following a merger with Chernesky, Heyman & Kress, P.L.L. The firm anticipates the facility improvements and office consolidation will be complete in mid-2015.