Shad Khan’s Stache Investments Corp. has taken possession of the Barnett National Bank building in downtown Jacksonville.
The company had the winning bid of $50,100 in an online foreclosure auction that began at 11 a.m. Wednesday and closed 10 minutes later. There were two other bids.
Khan, owner of the Jacksonville Jaguars, could not be reached for comment. His spokesman, Jim Woodcock, released this statement:
“Stache has demonstrated beyond doubt Mr. Khan’s commitment to Jacksonville, and that is particularly true for Downtown Jacksonville. Stache is very pleased to have won the bid and be in a position to play a role in whatever the future may hold for the property.