City hires firm to market former Dillard’s Building
by MBJ Staff
Published: April 4,2012
Tags: commercial development, Commercial Real Estate, community development, development, economic development, marketing, real estate, retail
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.
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