Teppers building

The Tepper’s building sold to investors out of Florida.

Florida investors have bought two downtown buildings with plans of redevelopment to “breathe new life” and preserve properties in historic Selma.

Sam Sanders of Samjen Residential and Commercial Realty out of Florida, which purchased the former Tepper’s department store building at 25 Broad St. and the Melvin Heinz Building at 1006 Alabama Ave., said they bought the buildings because they are either located in or near an opportunity zone that comes with tax incentives. They also see Selma as a growth opportunity.

“I represent several clients who are looking at Selma as a place to create new opportunity for the people who live here and also to bring in new industries,” Sanders said.

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