JACKSON - Dexter businessman, Steve Lacy with Thompson Investments Inc. has purchased the former Sander's True Value Hardware Store in Jackson.
Tom Kelsey, commercial broker with Lorimont Place, Ltd who handled the sale confirmed that Lacy's Pro-Tire division closed recently on the 15,000-
square-foot building on 2.89 acres and has plans to convert it into a nationally branded retail tire operation.
The former True Value hardware store was built in 1998 and is located at 2310 E. Jackson Blvd., also known as East Highway 61.
Lacy said the new Jackson store will feature a full service tire and automotive service operation handling Goodyear, Cooper, B. F. Goodrich and Michelin tire products and will be equipped with state of the art equipment for auto repair and alignment services. Lacy operates a similar, although smaller retail tire store in Dexter and also owns 11 Pennzoil Pro-Lube centers throughout, Illinois, Tennessee, Arkansas and Missouri including the Jackson Pro-Lube center next door.
Lacy had been looking for an additional Southeast Missouri tire outlet and after several marketing studies were completed, Jackson was selected as a target location in the region. Kelsey, who worked on the project for several months, said the former Sanders property was selected for its high traffic and visibility location on Highway 61 and the existing building was suitable for Pro-Tire's use with little modifications.
Renovations on the former hardware building will begin immediately with a summer opening planned.
No sales price was disclosed, but Kelsey said the property was on the market for $850,000.