Friday, September 6, 10:27 AM EDT

by Karen Brune Mathis, Managing Editor

The company has not responded to questions about its plans for the property, including whether it will rehabilitate the aged, vacant property at 1507 Industrial Blvd. for a maintenance, repair and overhaul facility.

That possibility is a question because the city confirmed it has been contacted about the site.

Monica Landeros, public communications officer for Mayor Alvin Brown, said Thursday a consultant inquired about the property with the city Office of Economic Development.

Landeros said the consultant made the inquiry Aug. 20, but said the city could not comment further because of a confidentiality agreement. A city website indicates the property is within an Enterprise Zone, which means it qualifies for state tax credits for creating jobs and capital investment.

Jax Industrial Developments LLC, headed by Regent Aerospace President Reza Soltanianzadeh, paid $1.27 million for the property, which is zoned for light industrial use.

The sale was recorded Thursday with the Duval County Clerk of Court.

Regent Aerospace provided a $1.25 million mortgage and security agreement to Jax Industrial Developments LLC.

Soltanianzadeh did not return a call or two emails for information about the plans.

Link:

Regent Aerospace Corp. invests in Jacksonville property