Source: https://sgfcitizen.org/economy-growth/plaza-towers-purchased-for-13364000-at-foreclosure-sale/
The Plaza Towers, a Springfield landmark, was sold to the highest bidder at a foreclosure sale Thursday, April 10, on the steps of the Greene County Historic Courthouse.
Trent Overhue bought the office building at the corner of Glenstone Avenue and Sunshine Street for $13,364,000.
It is unclear if Overhue bought any of the other properties of Springfield Property LLC, owned by Marco Denis, who has been in jail since August. Denis, 50, faces state charges of kidnapping, domestic assault and tampering with physical evidence. He is being held in the Phelps County Jail.
Denis posted bond for those state charges but he was then charged with the federal crime of illegally possessing a firearm. He is barred under federal law from possessing a firearm because he was previously convicted of misdemeanor domestic assault.
Denis’ next court appearance is scheduled for April 18 in Greene County Judge Jerry Harmison’s courtroom.
New owner worked in renting storage space
Overhue was asked what his plans are for Plaza Towers, 1736 E. Sunshine St.
“I’m going to refrain from disclosing any of that,” he said.
He was asked if he has developed other properties in Springfield that the public might recognize or if he has a recognizable limited liability company.
“I just do my thing,” he said.
According to a Biz417 article published January 2020, Overhue had flipped more than 30 houses by his senior year at Missouri State University where he earned his construction science degree.
But by his mid-20s, the Iowa native was tired of single-family rentals. He and his brother/business partner Travis began attending storage industry conventions, according to the article. They became heavily involved in the self-storage industry.
At the time the Biz417 article published in 2020, their business Affordable Family Storage owned more than 1.5 million square feet of storage space in Indiana, Iowa, Kansas, Nebraska and Wisconsin as well as Missouri, with 500 to 1,000 units at most facilities.
Overhue’s competitor in the bidding process Thursday was James Shawn Bryant, of Nixa, who is developing Kelby Creek, in Nixa, which has 21 lots.
Bidding started at $13,340,500. They traded bids for some 10 minutes, typically upping the bid by $1,000.
Attorney Rodney Nichols, with Spencer-Fane, oversaw the foreclosure sale.
Before the bidding started, Nichols told those gathered on the steps no addresses would be provided for the properties offered for sale.
The Springfield Daily Citizen obtained a copy of the legal notice for the foreclosure, published in the The Daily Events. The notice did not contain addresses, only legal descriptions of the property up for auction. It was difficult to decipher which specific properties were up for sale on Thursday.
