MEDINA — The owners of Courthouse Commons still are awaiting a decision from the county on purchasing their building, which they offered in December.
Owners Mark Dorman, a member of the Medina County Port Authority board, and Tracy Green offered the building to the county for $1.6 million in December. Green said they bought the building for about $1 million and invested about $800,000 in improvements.
Dorman and Green told county commissioners Tuesday that the property — which they said was 100 percent occupied — recently was appraised at $1.5 million.
“The county is the logical owner of the property,” said Dorman, president of Legacy Advisors LLC, the anchor tenant. His company takes up most of the first floor of the building formerly known as a Bank One location.
Green, president of IRG Realty Advisors LLC, and Dorman have owned the building since 2004.
They approached commissioners in December and offered to lease the third floor of their building to the county’s Adult Probation Department, a possible solution to cramped conditions on the ground floor of the Medina County Courthouse.
That offer no longer is pending after the businessmen leased the third floor to Medina County Job & Family Services. The agency hasn’t opened an office there yet but plans are in the works.
The Bailey Law Firm occupies a portion of the second floor.
County Administrator Scott Miller previously said the county is working on plans to expand the courthouse by 44,000 square feet at a cost of $23 million but that amount is not in the budget.
“We still don’t have a solution on adult probation,” Commissioner Adam Friedrick said Tuesday.
Commissioner William Hutson recently helped form a facilities committee, which will examine all the county-owned buildings. Hutson said the Courthouse Commons will be a topic at a future meeting.
“By the end of the year, we’d like to make some recommendations,” Hutson said.
Dorman and Green said they want a decision from the county soon because they are planning an exit strategy for the building. If the county doesn’t want to purchase it, they want to put it up for sale.
“It’s a good time for us to exit as investors, and it’s a good time for the county to acquire this relative to the fact they are going to need the space anyway,” Dorman said in December.
“At the end of the day, it’s excellent use of taxpayer dollars, we feel, by avoiding a significant capital expansion cost of the current courthouse.”
Commissioner Pat Geissman said this is not the first time the county has looked into buying the building that has a 30-space parking lot and internet service via the Medina County Fiber Network.
“I thought we should have purchased it (about 10 years ago),” she said.
She asked the businessmen to be patient.
“We’re working on it,” Geissman said.
Contact reporter Bob Finnan at (330) 721-4049 or firstname.lastname@example.org.
- $1.6 million purchase of building on Medina Public Square declared 'win-win'
- Medina County treasurer provides path to pay for building, fixes
- Architect hired for county renovation plans
- County, city of Medina talk combined courthouse
- Property owners offer Courthouse Commons for sale to county
- Medina, county debate probation department move