THURSDAY October 1, 2020
The Bar Bulletin: Circuit judge is recognized for excellence PAGE 11
jaxdailyrecord.com • 35 cents
Public
legal notices begin on page 1B
Daily Record JACKSONVILLE
THE Daily EDISON’S Record JACKSONVILLE
NEXT CHAPTER
Special to the Daily Record
The 101-year-old building at 635 Edison Ave., just off Riverside Avenue in Brooklyn, sold for $825,000 on Sept. 18.
Winn-Dixie parent is considering an IPO
Southeastern Grocers files a draft registration statement with the SEC.
Daily Record Daily Record JACKSONVILLE
BY MARK BASCH CONTRIBUTING WRITER
“They love the building.” The O’Steen Investment Group plans to move its headquarters there. “It is a neat old building and it has the balcony up top, and the area is growing,” said Mark O’Steen, a partner in the investment group. “We have been looking around. We wanted to lease or purchase a corporate office and my son came across the Edison property and
Southeastern Grocers Inc., the parent company of Winn-Dixie and three other supermarket chains, is considering an initial public offering. The Jacksonville-based company said in a Sept. 28 news release it has confidentially filed a draft registration statement with the Securities and Exchange Commission for a potential IPO. “This process will help enable the Company to make the decision to become publicly traded, subject to market and other conditions,” the company said. The shares sold in the IPO would be offered by existing stockholders of the company. Southeastern Grocers went through a prepackaged Chapter 11 bankruptcy reorganization in 2018, with a group of creditors getting stock in the company in exchange for debt. The company has not disclosed who received those shares and now owns the company. Southeastern Grocers was formed by the 2012 merger of Jacksonville-based Winn-Dixie Stores Inc. and Bi-Lo Holdings. The company, then owned by funds managed by Lone Star Funds, filed plans for an IPO in September 2013 but withdrew that registration in August 2014. Southeastern Grocers operates about 550 supermarkets in seven states under the Winn-Dixie, Bi-Lo, Harveys and Fresco y Mas banners. However, the company in June announced plans to sell 62 stores and discontinue the Bi-Lo brand.
SEE EDISON BUILDING, PAGE 6
MBASCH@JAXDAILYRECORD.COM
JACKSONVILLE
Photo by Karen Brune Mathis
O’Steen Investment Group LLC bought the Edison building at 635 Edison Ave. O’Steen family members include, from left, Mark, Hal, Chip, Cody, Robert and Tom. “The project made perfect sense,” said Robert O’Steen.
Photographer and artist Daryl Bunn sold his Brooklyn building to the new O’Steen Investment Group for its headquarters.
BY KAREN BRUNE MATHIS EDITOR
I
t’s old, renovated, technically Downtown and now has what its longtime owner considers the right buyer. “I think the O’Steens are the perfect people,” said photographer and artist Daryl Bunn, who sold his 101-yearold Edison building to O’Steen Investment Group LLC two weeks ago after his 38 years of caregiving.
THE BASCH REPORT
COVID-19 drug firm, brewpub file for stock sale Webstar Technology completes IPO. PAGE 8 VOLUME 107, NO. 224 • TWO SECTIONS