Officials say flexibility is a signature of the company’s property portfolio. “We’re buying buildings that are usable or we’re buying buildings that need to be completely renovated,” he said. Davis Properties sold the Heer’s building to developer Vaughn Prost for $2.2 million after buying the building for $100,000, according to SBJ archives.ĭavis said his philosophy is to find older, vacant properties to fix and fill. While those three stand out as failures in terms of renovations and establishing long-term tenants, Davis said he managed to make a sizable profit on Heer’s and felt he left all three in capable hands when they were sold. Davis Properties also owned the Heer’s building between 19. The first property Davis purchased was the Woodruff Building, and he followed that up with a purchase of the McDaniel Building. Bennett St., for an undisclosed amount, and it opened a newly renovated 230,000-square-foot building connected to the Solo Cup plant for NewStream Enterprises, a division of SRC Holdings Corp.ĭavis said potential United Healthcare property buyers shied away because management of the building was held by a receiver, and roughly 20,000 square feet still needs to be leased.īold moves are nothing new for Davis Properties, however.ĭavis Properties got started in 1994 after Davis retired and sold the family’s 59-year-old automotive service business, Orval Davis Tire Co. In May, Davis Properties purchased the 65,000-square-foot United Healthcare building, 1930 W. The company purchased 11 properties during recession years 20. The company’s portfolio features a number of notable acquisitions since 2008, including the roughly 1 million-square-foot former Solo Cup plant, the former Circuit City big box and Elfindale Center. “Warren loves the hunt,” said Kim Harrington, Davis’ daughter and a partner in the business. ![]() Now, the Davis Properties headquarters features a remodeled interior with brown leather-lined walls in the lobby, and a framed picture of John Wayne sits prominently on an extra desk in Warren Davis’ personal office.Ī big Wayne fan, Davis admits he’s a risk taker, and he’s not afraid to put his money down on any deal that suits him. The former Smitty’s and Albertson’s grocery store sat vacant nearly four years before Mercy signed an agreement in the summer of 2008 for its in-home and hospice services administration. Battlefield Road, rests adjacent to a property the company owns and, frankly, took a gamble on. The headquarters of Warren Davis Properties says much about the man behind the property management company with holdings of roughly 2.4 million square feet of southwest Missouri’s commercial real estate.
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