Florida-based investor Jamie Rand has purchased two more office buildings in downtown St. Paul — 375 Jackson St. and the adjoining building at 135 Fifth St. E. — from Madison Equities through a cash transaction recorded under his family’s Downtown Revival Trust.
The acquisition likely leaves Rand as downtown’s largest commercial property owner by square footage and firmly in charge, debt free, of nearly three contiguous blocks of downtown office buildings, including the block-length First National Bank building on Minnesota Street and the nearly block-length Great Northern building on Fifth Street.
“I’m super excited to add this to my portfolio of properties,” said Rand, in a phone interview on Thursday. “I own all four buildings — cash, no debt on them.”…