Jacksonville-based Hanania Automotive Group owner and CEO Jack Hanania said Aug. 31 he completed the purchase of the former Stein Mart building on the Downtown Southbank for $20.6 million.

“We’re ready to go to work,” Hanania said.

Hanania said his team looks forward to relocating and becoming a part of Downtown. He intends to move his corporate headquarters there in the early part of 2022 and name it the Hanania Building.

“I’m confident it’s good for the brand,” he said.

“During the past five weeks we’ve had nothing but great feedback and support.”

Hanania said July 25 he had a contract on 1200 Riverplace Blvd. property.

Hanania grew up in Lakewood and lives in San Marco, both neighborhoods near the Southbank.

“I have a lot of passion for our Downtown and our community,” he said in July.