(COLUMBIA, MO) ~ The Columbia City Council is set to vote on the sale of the former IBM/Kyndryl building located at 2810 LeMone Industrial Blvd on February 19th. This decision will be made after the matter appears on the agenda for the first time at the City Council meeting on February 5th.

The office building, which is owned by the City of Columbia, spans over 93,000 square feet and sits on a total of 9.5 acres in an Industrial General Zone. It is also certified as a Leadership in Energy and Environmental Design (LEED) silver facility.

Back in November of 2023, the City issued a press release requesting expressions of interest for either leasing or purchasing the building. Seven companies responded to this request and contacted the Economic Development department about the facility. After careful consideration, it was determined that Veterans United (VU) had submitted the most suitable proposal that aligned with the mission of economic development in the community.

Founded in 2002 with only four employees, Veterans United has now become the top VA Home Loan purchase lender in the United States and is also Columbia's largest private employer. The purchase of this building will solidify their ability to retain and expand their local workforce, further contributing to VU's growth in the area.

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City Manager De'Carlon Seewood expressed his excitement about partnering with Veterans United to provide a top-notch facility for their operations. He stated, "Veterans United has quickly become a staple in Columbia, employing many residents and providing unique opportunities for veterans." He believes that this partnership will not only benefit VU but also contribute to economic development efforts within the city.

The agreed-upon purchase price for this building is $8,100,000. However, as part of the deal, VU will receive a credit of $710,884.60 towards repairing hail damage sustained by the roof and gutters back in March of 2023. To ensure that the sale will further economic development in the city, the City will retain a right of first refusal to repurchase the property if VU does not occupy it for their business operations.

This decision comes after a previous press release was issued by the City, requesting expressions of interest for a large office building on LeMone Industrial Boulevard. The City received numerous responses and ultimately chose to move forward with VU's proposal.

The sale of this building to Veterans United is expected to have a positive impact on both the company and the community as a whole. The City Council's vote on February 19th will determine the final outcome of this transaction.

Filed Under: Government, City

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