Jags owner Shad Khan takes over historic Barnett Bank building

New possession of Barnett Bank building

JACKSONVILLE, Fla.-  Jacksonville Jaguars owner Shad Khan is now the owner of one of downtown Jacksonville's most iconic buildings.

Khan's Stache Investments bought the Barnett National Bank Building out of foreclosure for $50,000 Wednesday, the Jacksonville Business Journal reports.

Stache Investments became involved with the building in 2013 after issuing a $3 million mortgage on the building and the nearby Laura Street Trio, owned by Steve Atkins.

After a fight over the loan, Stache received a $4.6 million judgment on the foreclosure.

Stache's bid topped a $25,000 bid by Alex Klempf, owner of a restaurant company that is building the new Cowford Chophouse downtown.

Read more in Wednesday's Jacksonville Business Journal


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