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Downtown building to be auctioned

The Church Street Regions Building, which features 22,100 square feet, will be part of a real estate auction that will be held Dec. 14. Though the building is on the auction block, the bank will remain and is not for sale, according to officials. -- Rick Couch

If you’re in the market for a downtown Selma building, that features just over 22,100 square feet and a prominent tenant already under lease until 2020, then you have a real estate auction to attend in mid-December.

Last week, John Dixon and Associates began advertising an auction that includes the Regions Bank location at 101 Church Street. The auction will be held Wednesday, Dec. 14 at 10 a.m.

But while the building may be on the market, the bank itself is not for sale and local officials have spent the better part of the week calming any fears.

“Our current lease on 101 Church Street extends until June 30, 2020, therefore this sale will have no impact on our day to day activities of servicing and providing world class service to our customers,” Ed McCurdy, with Regions Bank, said. “We appreciate our customers and look forward to continuing to provide all of their banking needs.”

The auction is of buildings, a total of seven, owed by Real Estate Investment Trust, an entity that purchased a number of the buildings that housed banks across Regions footprint, McCurdy said. The sale was prior to the Regions/AmSouth merger.

The Selma location on Church Street was one of those locations sold to REIT.

For more information on the auction, visit johndixon.com or call (800) 479-1763.
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