KJC Development Corp. owns the building. KJC purchased the ground underneath the building in 1996 at a foreclosure sale. The Land Trust of Jackson County had argued that it had the rights to the building.
Price tag for the 17-story building is $5 million. It has 200,000 total sf. The building is also available for lease. ''With the right tenant wanting the right size, between 20,000 and 30,000 sf, it would be available for lease,'' according to Mike Klamm, who along with Sean O'Byrne has the listing. ''We also have a couple of prospective buyers at this point. They may want to convert it to a residential space.''
There has been a push as of late to create more housing downtown. This building is situated in the center of a financial district, with banks and the Federal Reserve on opposite corners. It is also near the heart of the fiber optics core downtown.
Colliers helped convert the nearby Oak Tower, 324 E. 11th St., into a telecom switch hub. Dallas-based Excel Communications is the latest tenant to move into Oak Tower. The company signed a 10-year lease for 10,000 sf.
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