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Tag Archives: Downtown Jackson

Landmark's future under new owner is anyone's guess

» Mystery man said to have placed winning bid for Jackson office building The new owner of Jackson’s Landmark Center is reported to be of foreign descent, though Central Business District leaders say the buyer’s plans for the vacant seven-story Capitol Street building are a mystery. The building sold at a minimum bid auction for about $2.125 million on July ...

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New buyer interest in Jackson’s Landmark Center after UMMC drops deal

A potential new buyer is ready to seek a deal on downtown Jackson’s Landmark Center now that the University of Mississippi Medical Center no longer wants the vacant office building. The Hertz Investment Group, owners of 1.2 million square feet of metro Jackson office space, wants to be 100 percent sure UMMC is out of the deal before approaching representatives ...

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UMMC drops purchase of downtown Jackson's Landmark Center

The University of Mississippi Medical Center’s purchase of the Landmark Center — a deal considered a much-needed game changer for downtown Jackson — is dead, UMMC officials say. » UPDATED: New buyer interest in Jackson’s Landmark Center after UMMC drops deal UMMC officials say they ceased negotiations with owners of the 366,500 square-foot building after other needs arose, including the cost ...

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Banking Department looking for new home in metro area

Downtown Jackson could lose a state agency with the pending move of the Mississippi Department of Banking & Consumer Finance from the Woolfolk Building next store to the capital. Banking Commissioner Jerry Wilson said the agency is willing to remain downtown if a suitable space of around 12,000 square feet and 85 parking spaces is available.  However, the department has ...

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UMMC in talks to make Jackson’s Landmark home for 300 workers

Downtown’s long vacant Landmark Center is the preferred choice of the University of Mississippi’s Medical Center for a new workplace for around 300 information technology workers and other support staff. The governing board of the Mississippi Institutes of Higher Learning would have to approve UMMC’s purchase of the 340,000 square-foot building, which is on the market at a discounted price ...

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Court-appointed receiver finding interest in former Edison Walthall Hotel

A court-appointed receiver is in talks with several prospective buyers of downtown Jackson’s Roberts Vista Hotel, currently shuttered and awaiting repairs from water damage. The hotel is known more commonly in Jackson as The Walthall, for Civil War figure Edward Cary Walthall, whose name it bore upon opening 85 years ago. As it has several times in the past, the ...

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Landmark closing pushing Central business district office vacancy to historic level

Downtown Jackson’s office vacancy rate will head toward 40 percent with the shutdown of the Landmark Center once master tenant AT&T vacates at the end of the year, says John Barton, a Parkway Properties senior vice president and senior asset manager who participated in the Parkway’s quarterly office market surveys until the company ceased doing them last earlier this year. ...

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Downtown Jackson sees DOR move as key remedy to empty office space

CBD promoters keeping fingers crossed Department of Revenue will lease 200,000 square feet at Landmark Center Downtown Jackson’s office vacancy rate languished at 27 percent at the end of the third quarter, a worrisome figure that has changed little in the nearly three years since the departure of such major tenants as the Butler Snow law firm, HORNE CPAs and ...

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