Features

Former AK Steel headquarters are up for sale

Written by Laura Miller

October 10, 2024

The building that was once the headquarters of AK Steel is again up for sale.

The four-story office building in West Chester, Ohio, just north of Cincinnati, was recently listed for sale for an undisclosed sum.

Built-to-suit for AK Steel in 2007, the building last sold in 2018 for $25 million, according to Zillow records.

At that time, AK Steel employed 2,400 full-time employees at its corporate headquarters in West Chester and at its Middletown Works plant, according to local media.

The lease transferred to AK Steel’s new owner, Cleveland-Cliffs, when the Cleveland-based company acquired AK in 2020 for $1.1 billion. Cliffs said it would maintain a significant presence at the West Chester location.

AK was and now Cliffs is the only tenant in the building. It signed an early lease extension, which is good through July 2029, according to the listing company Institutional Property Advisors.

It is unclear how many workers Cliffs still employs at the location. The company did not respond to requests for comment.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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