Kettering Tower to be renamed 'Stratacache Tower'
Stratacache Announces New World Headquarters in Dayton, along with 300 new jobs and $20M invested in 'Stratacache Tower'.
Kettering Tower to be renamed 'Stratacache Tower'
Digital signage company Stratacache is the new owner of the tallest skyscraper in Dayton. The company paid $13 million for Kettering Tower, and plans to re-brand the building as 'Stratacache Tower'. Stratacache will create at least 300 new jobs in downtown Dayton, investing a total of $20M in its new World Headquarters. An additional $10 million will be invested in Courthouse Plaza at 10 N. Ludlow St., which the company has also purchased.
Chris Riegel, founder, CEO and president of the Dayton-based tech firm, said Stratacache will occupy three to four floors in the tower, which will include creating a "customer technology experience" center. Riegel said he chose to keep his company in Dayton because of its affordability and central location.
"You can have a great quality of life and a good experience and be a place where you want to live without the stresses of being on the coast," Riegel said.
Stratacache will begin to migrate existing jobs into the Tower and Plaza buildings over the next 18 to 24 months, adding at least 300 new, high-paying jobs over the next five years, with average salaries around $100,000. The company plans to start renovations at Kettering Tower this Spring.
