Peachtree Center gets two new tenants [Columbia Daily Tribune (MO)]

(Columbia Daily Tribune (MO) Via Acquire Media NewsEdge) Two more buildings at Peachtree Center have local owners again.

The latest is George Pfenenger, CEO of local telecom company Socket. Last month, Peachtree Commercial Properties, which lists George and Joan Pfenenger as members, purchased 3910 Peachtree Drive from SA Group Properties for $1.11 million, according to a deed filed with the Boone County Recorder's office. The building contains English-style pub 44 Stone Public House and The French Laundry and Alterations. Pfenenger did not return a call for comment.

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SA group Properties, a real estate holding company affiliated with US Bank, foreclosed on four properties in the Peachtree Center in spring 2011, taking them back from deceased developer John Peters. The formerly struggling development has picked up as the buildings pass back into local hands and south Columbia's population continues to grow.

In November, Peachtree Catering and Banquet Center owner Ali Hamrah purchased the building where he has been in business since 1996. Hamrah now owns 120 W. Nifong Blvd. after buying it from SA group for $1 million, according to a Boone County deed.

"We had the opportunity, and the timing was right for us," Hamrah said.

In addition to Peachtree catering, the building also contains Osaka restaurant and a Jazzercise location. Now that he owns it, Hamrah plans to make the building look a little nicer. "We're gonna be in the process of doing a lot of outside work as soon as weather permits," he said.

This article was published in the Saturday, February 23, 2013 edition of the Columbia Daily Tribune with the headline "PEACHTREE BLOSSOMS." Jacob Barker is the Tribune's business reporter. Reach him at (573) 815-1722 or jbarker@columbiatribune.com.

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