CLINTON — The Hertz Investment Group is adding to its dominant position in the metro Jackson office market.
Hertz, based in Santa Monica, California, announced Friday that it has purchased the South Pointe Business Park in Clinton for $20.5 million. The 400,000 square-foot complex just south of Interstate 20 was built in 1996 as the headquarters for WorldCom.
The Mississippi Department of Revenue leased space last year at South Pointe, joining University Physicians, Lockheed Martin and Verizon. Hertz says the building is 93 percent leased.
Hertz is Jackson’s top commercial landlord. The company already owned more than 1 million square feet, including Regions Center, Mississippi’s second-tallest building.
The 79-acre South Pointe complex was sold by private investors associated with Dallas-based Staubach Co., which merged with Jones Lang LaSalle in 2008.
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