A California-based Christian publishing company is moving to town and has purchased the 62,000-square-foot building at 5550 Tech Center Drive.
The company, Outreach Publishing, employs about 100 people nationally, though Sierra Commercial Real Estate broker Brian Wagner, who negotiated the deal on behalf of the seller, said he was unsure how many workers the company might relocate.
Outreach did not immediately return calls.
Two local investors bought the property in 2009 with cash and hoped to lease out the space . The market didn’t support that, and the building remained mostly vacant.
Wagner said fewer companies are buying buildings as investments these days.
“When you look back on the last nine to 12 months, this sale matches a trend on other large vacant building sales,” Wagner said, adding that companies are buying them for their own use.
Kevin Butcher, a broker and owner with Cameron Butcher Real Estate, handled the deal for Outreach.