The former Medac building in North Augusta has sold for $12 million.
Property records show that local developer Brett Brannon, via limited liability company Beacon Bluff Medical, purchased the property Jan. 29 from Riverside Village master developer Greenstone.
The transaction for 150 Bluff Ave. went through about two weeks after Brannon; North Augusta Forward, the downtown promotion group for which Brannon is chairman; and Augusta Oncology CEO Traci Duffie jointly announced that the building would get new life as an expansion of Augusta Oncology Multispecialty Clinic.
Construction inside was due to begin early in February with the clinic expected to come online by end of this year or early next.
When Augusta Oncology moves in, Medac’s approximately 50 local employees will move out, across the street to another of Brannon’s ongoing projects, the $18 million restorative mixed-use development Beacon Bluff, which includes transforming the old roller rink into commercial retail, professional office space and apartment living.
The Medac building and its adjacent parking deck comprised the earliest builds in the larger Project Jackson, the public-private partnership that upon completion became known as Riverside Village.
Both the office building and the parking deck went up in 2015. But Medac, acquired by Coronis Health in March 2022, has only been occupying the second floor for at least the past three years, a situation that has left half the building vacant all that time.
A couple of different real estate agencies had the building in their portfolios during those years but never were able to fill the space.
The city of North Augusta, which still owns the parking deck, also had declined an offer from Greenstone last September that it buy the building, officials at the time saying only that it wasn't in the city's best interest to purchase it.
