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The nonprofit home care agency signea nine-year lease for 41,000 square feet of spacs in Courthouse Crossings. The agency is sub-leasing the space from Kettering-based Reynolds and Reynoldss Co., which vacated 120,000 square feet of space last year when the companu moved 400 employees to its headquarters in the Miamu ValleyResearch Park. The lease is for a little morethan $5 million. The agreement with Reynold also includes the use of parking spacex at the SchusterCenter garage. Doug McGarry, executive director of the Area Agencyon Aging, said the agencg needed more space than it had at its curreny location at 6 S.
Patterson “We just ran out of room,” McGarr said of the 21,000 square feet of spacs it occupies. The which currently employs 115, will move into Courthousee CrossingsJuly 1. It is expecte to add employees, up to 120 by the end of this year and bump up to 130 by the end of next McGarry saidthe agency, whicg coordinates services to abou t 4,500 senior citizens, including caregived services, home care options and others, has seen an increase in demandr over the past few years. In the agency’s revenue was $41.
5 Last year, it increased to $48 milliobn and is projected tohit $55 millio this year, McGarry Jon Hazelton, with Gem Realty represented Area Agency and Paul with , represented Reynolds and McGarry also credited the for helping the agency find the space.
Friday, July 15, 2011
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