JACKSON — The Overby Company has been selected by the City of Jackson to assist with the comprehensive marketing and development of the former Dillard’s Building.The Overby Company will list the price of the site based on its marketability, similar sales in the area and statutory requirements, recommend a projected timeline for the sale and develop a marketing plan for the sale of the property.
“We are confident in the Overby Company’s experience,” said Mayor Harvey Johnson Jr. “We hope to have the former Dillard’s building back on the tax roles as a result of this move.”
The decision was based, in part on the Overby Company’s local knowledge of the market, wealth of experience and broad network.
There are no upfront costs for the city. However, the Overby Company will receive 8 percent commission from the sale of the former Dillard’s building.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info