Chicago buyer for historic Groover-Stewart building in Jacksonville

Started by thelakelander, January 31, 2016, 08:26:15 AM

thelakelander



QuoteThe Groover-Stewart building downtown has been sold and is headed for a renovation and new occupants. A limited liability corporation based in Chicago paid $2.05 million for the four-story, 53,000-square-foot building.
But Bobby Knight of Coastal Commercial Real Estate, who brokered the deal with Fitch King of Morgar Realty, said American Credit Corp. of Boston will assume ownership.

It will renovate the building and occupy most of it.

Knight said most of the building, 25 N. Market St., has been vacant since the Public Defender's Office moved out in 2011.

Full article: http://jacksonville.com/business/real-estate/2016-01-30/story/sunday-business-notebook-chicago-buyer-historic-core-building
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CCMjax

Well that's good news.  I thought that building could make for some good office use.
"The first man who, having enclosed a piece of ground, bethought himself of saying 'This is mine,' and found people simple enough to believe him, was the real founder of civil society." - Jean Jacques Rousseau

brainstormer

It's great to see some out of town money being invested in our historical structures.

Gunnar

Good news. The building looks to be in good shape, at least from the outside.
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tufsu1

^ it is fine.  The Public Defender's offices were in there until 2-3 years ago.

Charles Hunter


Non-RedNeck Westsider

Quote from: tufsu1 on February 01, 2016, 07:37:05 PM
^ it is fine.  The Public Defender's offices were in there until 2-3 years ago.

Do offices come with showers or is that only in the new digs?
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BridgeTroll

In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."