Newspaper article The Florida Times Union

Partners Still Silent on Site Investment

Newspaper article The Florida Times Union

Partners Still Silent on Site Investment

Article excerpt

Byline: Karen Brune Mathis, Times-Union senior business writer

The investment group that bought the former WJXX TV-25 building in the Southpoint area is PATBSS LLC, a Florida limited liability company that registered with the state Dec. 3.

According to records at the Duval County Courthouse, the group's sole managing member is Eighteen Ten Partners Inc., whose directors are Robert Stein and George Brookshire.

The principal address for PATBSS is 121 W. Forsyth St., Suite 800. Eighteen Ten Partners has the same street address, but lists Suite 810 -- the same as The Regency Group Inc. Stein and Brookshire are part of that group, too.

Brookshire is listed as the Eighteen Ten agent and declined to identify the partners in PATBSS.

"Nobody has anything to hide, but none of the partners want any publicity about it. All we do is get a bunch of phone calls," he said. "They are all upstanding individuals who . . . would rather not be bothered."

PATBSS bought the building for $2.5 million from Gannett River States Publishing Corp., and the deed was recorded Feb. 11. The group took out a $2 million mortgage, filed Feb. 19, from CNB National Bank.

Brookshire said the partners would rather focus on the building's tenant.

VoiceStream Wireless, a cellular telephone company, will lease the 26,000-square-foot building, which was built at 7025 A.C. Skinner Parkway in 1997 to house WJXX before the ABC affiliate station was bought and merged with NBC affiliate WTLV TV-12.

Gannett Co. Inc. bought TV-25 in 1999 and moved the operations into its TV-12 site downtown.

JAA SECURITY: Passengers traveling through Jacksonville International Airport will be checking their baggage through a new $20 million security system by the end of the year.

The city OK'd construction this week for the Jacksonville Airport Authority to renovate the North Jacksonville airport terminal to accommodate a "hold baggage screening" area. …

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