Family now owns Hollypointe Centre
A downtown Butler office building is under new ownership.
The William Stoughton family on Jan. 15 closed on the Hollypointe Centre at 220 S. Main St. It was previously owned by the estate of Orlando “Lanny” Pride III.
“We're extremely excited,” said Cheri Readie, Stoughton's daughter. “I always thought it was a beautiful building.”
Readie, a former city councilman, said her family owns 148 residential units in and around the city.
“But this is our first commercial property,” she said.
The building houses a number of offices, including multiple attorneys, some medical offices and the Officelink Centre, which provides hourly, daily, and annual suite rentals.
But Readie said she is looking to expand the services offered in the building.
“I'd like to look into adding more medical offices there,” she said, adding the building's location on Main Street and the nearby tier parking garage makes it easily accessible to a number of people.
Readie said she would particularly like to see urgent care services added.
“I really think there is a need for that downtown,” she said.
While Hollypointe is a well-known office building, Readie said she is looking into new ideas with the property, including the possibility of adding a restaurant to one of its upper floors.
“We're just hoping to get good businesses in to help downtown,” she said.
The building has about 48,000 square feet of space, Readie said.
The family is hoping to make numerous renovations and improvements to the property, beginning with the installation of LED lighting and security cameras.
The purchase of the building is something Readie has been working on for quite some time. Talks stemmed from Readie's relationship with Pride before his death in 2013.
Pride owned a lot of real estate in the city. In 1985 he partnered to buy Hollypointe, which was the Jaffe Building at the time. He became the sole owner in 2001.“He was a good friend of mine,” Readie said. “He really taught me a lot.”She said the two often talked about her family buying the property off him and was happy to see the deal finally go through.“Lanny did a lot of great things for Butler,” she said. “He was one of the biggest property owners in the city.”
