Acropolis at  Fairfield Commons


  • Date Acquired: August 2017
  • Location: Dayton, OH
  • Asset Type: Office Building
  • Post Acquisition Strategy: Lease-up


About this Property


 In September 2017, Larkspur acquired a 190,000 square foot office park outside Dayton, OH for $7mm.  The property had previously been owned by a “Tenant-in-Common” entity which had paid $34mm for the asset in 2006.  The property was foreclosed upon by the CMBS special servicer in 2015.  The property was 52% occupied at acquisition.  The office park was also structured as a condominium asset. 


 Upon taking ownership, Larkspur replaced the condominium manager with its own management team and reduced the condominium fees by 35%.  Larkspur also initiated an aggressive leasing program with market-rate tenant improvement packages which the prior owner had been unable to offer.  As of December 2019, the property is 84% occupied. 

Contact Us

10800 Biscayne Blvd Suite 300 Miami, FL 33161

(786) 540-4130