Posted in Business

Whoa, Hobby Lobby, BAM are not going anywhere

   October 29, 2024

Rob Bell of Bellcore Commercial called to say the Rebusiness ønline report that Destiny Worship Center was converting a recently purchased building to a church was inaccurate.

Both tenants – Hobby Lobby and Books-a-Million – have leases in place. Bell said there have been no conversations with either organization about closing, or shrinking. It’s business as usual.

—

The initial report was Cushman & Wakefield had arranged the $7 million sale of a shopping center located at 6235 N. Davis Highway where Hobby Lobby and Books-A-Million are tenants. The building was built in 1987 by a subsidiary of Wal-Mart. The Hobby Lobby would converted to a church.

Photo by Markus Winkler on Unsplash

Share:

4 thoughts on “Whoa, Hobby Lobby, BAM are not going anywhere”

  1. And every Pensacola husband raises a silent prayer:

    “Praise thee oh Lord for closing Hobby Lobby! Our wallets rejoice!”

    A church doesn’t pay 7 mil for a building they are not going to use.

  2. Soooo…if this “church” purchased the property for an investment, does that mean that it remains on the property tax roll? Is the income from this investment subject to taxation by the federal government?

  3. It doesn’t look like it will happen any time soon. The church may have bought it for an investment.

Comments are closed.

Rules for Comments

Your comments are welcomed, but there are some rules to follow:

(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.

(2) No Harrassing Comments.

(3) No Libel. That’s saying something is not true about someone. Don’t do it.

(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.

(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.

(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.

(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.

8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.

9) Email me if you believe a comment violates any of these rules, and it will be deleted.