- March 28, 2024
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BUYER: ServiceMaster Acceptance Corp. (principals: Mark Peterson, Greerson McMullen, Lawrence Mariano III and Martin Ketelaar), Memphis
SELLER: Wachovia Development Corp.
PROPERTY: 702 Kingsley Circle, Plant City
PRICE: $1.6 million
PREVIOUS PRICE: $1.6 million, September 2004
LAW FIRM ON DEED: Moore & Van Allen PLLC, Charlotte, N.C.
PLANS, DESCRIPTION: ServiceMaster Acceptance Corp. purchased a 25,230-square-foot warehouse/office building for $1.6 million.
The price equated to $64 per square foot.
TruGreen, a ServiceMaster-owned lawn and landscaping company, has occupied the building since 1997. Wachovia bought the building in 2004 in a lease/financing arrangement. ServiceMaster recently decided to bring the property in-house, according to Lane Johnson, senior director of real estate at ServiceMaster.
The building houses branch operations and 23,600 square feet of warehouse space.
TruGreen leases 95% of its nearly 300 branch locations in the United States and Canada.