Lee University has purchased the Monument Building at 750 Broad St. NW. The two-story structure at the corner of Ocoee and Broad will serve as an office building according to Vice President for University Relations, Jerome Hammond.
“We are pleased that things worked out so that the university could make the deal,” Mr. Hammond said. “Lee is growing and always in need of functional space like this.” The first office to occupy the space will be the Division of Adult Learning.
The property on which the building sits was owned by the late M.C. Headrick until 1975 when Carroll & Greene Co. bought it and built the current structure, named for its proximity to the two monuments to its north.
In 1978 the Church of God purchased the building then later sold it to B&C Investments in 1992. It was later bought by a private investor and on Tuesday the university purchased the 13,000 square foot building from the Slocumb Family Trust.
According to Mr. Hammond the Monument Building fits well into Lee’s overall development plan. “We’re in a major downtown construction project that will reshape the Lee campus and reimagine that part of the downtown. This acquisition is an important part of that plan.” When asked how soon the university will begin using the building Mr. Hammond said, “Immediately.”