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Hanania has contract to buy former Stein Mart HQ

Artist rendering of building.

JACKSONVILLE, Fla. – Jack Hanania, the owner of the Jacksonville-based Hanania Automotive Group, has a contract to by the former Stein Mart building on the Southbank, as first reported by the Jacksonville Daily Record.

It comes with a $20.6 million price tag, the Record writes. Hanania plans to move his corporate headquarters into the building.

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“We are excited to continue our support of Jacksonville’s business area with this purchase,” Hanania said in a prepared statement. “Downtown is growing and we love being part of the growth.”

He said the purchase is scheduled to close by Aug. 31.