Vacant buildings in Fairview Park sold to local investors
March 7, 2013 by James
Buildings in Fairview Park built by NASA and vacant for years have been sold at auction, to local investors.
The winning bid was $1.2 million for the complex, which includes nine acres of land and two buildings. Although no detailed plans have been released, city officials expressed their satisfaction with what they know so far, which is that investors intend to rent out the property to business tenants.
The agents representing the investors are Marty and Bill Gallagher, who run a business called Suntan Supply, which, as its name implies, sells products to tanning salons. Fairview Park’s director of service and development, Jim Kennedy, said he was happy with the Gallaghers’ efforts, as the investors they represent are the most desirable of all those who were bidding on the property. Kennedy noted that there were three other major investors in the contest, two of which were not from the local area.
Kennedy also noted that the Gallaghers’ intent for the buildings, which was to use them as “high-end offices”, was the same as the city’s, and noted the two entities would work together to make it happen.
One of the most important parts of the project is attracting tenants to the buildings. City officials or the investors could work with brochure printers to create materials that explain the advantages of relocating to the complex once it is renovated. The city might also consult with flyer printers to devise a direct mail piece for distribution throughout the region, again with the aim of making potential tenants aware of the benefits of the complex.