The Destin Log Building to see upgrades
It’s rare that a news source becomes the news, but when real estate starts to change around the workplace, it becomes newsworthy. The Destin Log building is under new ownership, purchased by Hargroder Holdings LLC., for $2,150,000 in March.
Dwayne Hargroder originally of Opelousas, La. said that what attracted him to the building was not only it’s location but also it’s potential.
“It is situated east of the Mid-Bay Bridge where people headed out to the area just past Destin and on to 30A will pass by,” said Hargroder. “With 47,000 cars a day passing through, it really has great exposure.”
Hargroder said that with a good amount of aesthetic improvement, the building will be more visible and attractive, and he is confident the location will thrive once again.
“It’s been neglected for some time due to foreclosure proceedings,” he said. “Now, we are putting in a new monument sign on the street side and it’s going to give everybody more visibility. We also have plans to build a canopy with a glass feature on the front, as well as a fountain.”
The first and fourth floors of the building have been vacant since 2008 when the anchor business, Regions Bank left. Hargroder said that due to the pre-constructed drive-through access and pneumatic bank tubes, he hopes to find a bank tenant to lease the bottom floor.
“Our first priority is to keep it a financial and business center,” said Hargroder. “It is already equipped with that, but if not, it is well suited for an outpatient health center.”
With ample parking of more than 140 spots, and entry ways from Crystal Beach Drive and U.S. Highway 98, Hargroder said the building is well equipped for additional customers and will sustain either the bank, or healthcare options.
Besides the proposed LED sign, glass-covered entry way and fountain, Hargroder said he has plans to give the building an all new paint job, clay barreled roof, new flooring and bathroom fixtures and even a new security system.
“We have a lot of upgrades that are really value-added benefits to our tenants,” said Hargroder. “We will be implementing an all new camera and electronic door system because security is very important in today’s environment.”
Well established in the real estate business, Hargroder said he is confident he will see success. He referenced another building he improved in Lafayette, La., the Ambassador Metro Plex.
“Since acquiring the Metro Plex eight years ago we have been 100 percent occupied,” he said. “This building is going to be awesome. We are looking forward to putting new tenants in.”