CareSource finalizes lease at Kettering Tower

CareSource has completed lease negotiations with the owners of the Kettering Tower downtown, signing a five-year deal to occupy the third and fourth floors of the 30-floor tower, which is already undergoing renovations.

CareSource, a downtown Dayton-based Medicaid managed care provider and private health insurer, plans to move about 250 new and existing staff to the tower at 40 North Main Street by early summer.

“Downtown Dayton is home to CareSource’s corporate headquarters, and we remain committed to being an anchor for the city,” said Dan McCabe, CareSource’s Chief Administrator. “We are pleased to be an important economic driver in Dayton and appreciate the support and strong relationships we have with our city leaders.”

CareSource’s move to Kettering Tower will be facilitated, in part, with funding from the JobsOhio Revitalization Program, administered by the Dayton Development Coalition.

“JobsOhio will be offering assistance, but the details of that won’t be made public until after the final agreement has been executed,” said Shannon Neal, a spokeswoman for the coalition.

Sources close to the project said the JobsOhio funding would represent a mixture of loans and a grant that would be available to the owners of the Kettering Tower to assist with infrastructure improvements and to build out the space for CareSource staff.

CareSource’s Kettering Tower location increases the company’s footprint to nearly 600,000 square feet in downtown Dayton, which will support about 2,200 employees.

The four downtown Dayton locations: CareSource corporate headquarters at 230 North Main Street, and offices at 220 East Monument Avenue, 40 West Second St. and Kettering Tower.

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