Market News

Historic Clay Dooley Building at 307 E. Grove Set for New Life as Premium Loaves Corporate Headquarters & Multi-Tenant Building

Bloomington, Illinois – AXIS 360 Commercial Real Estate Specialists announced today the sale of the historic commercial building located at 307 E. Grove in Bloomington, Illinois. Meghan O’Neal-Rogozinski, CCIM of AXIS 360 represented the Seller in the transaction.  The buyers, Marc Largent and Jerome Hranka, plan a significant renovation to transform the former auto-building into a modern multi-tenant property that will house their company’s corporate headquarters along with additional commercial tenant spaces.

The buyer was represented in the transaction by Robbie Osenga of AXIS 360. The seller, David Bentley, who with this sale has completed the disposition of his final property holding in Bloomington.

Originally constructed as an auto-related facility, 307 E. Grove has long been part of Bloomington’s early commercial fabric. Premium Loaves’ redevelopment will preserve and celebrate the building’s historic character while reimagining it for contemporary business use, supporting continued investment and activity near the downtown core.

“307 E. Grove has great bones and is a landmark in this community,” said Jerome Hranka, President and co-owner of Premium Loaves. “We’re excited to honor the building’s history while creating a fresh, functional and unique space for the team at our growing company.”

“Establishing our corporate headquarters here is an investment not only in our growth, but in Bloomington’s future,” said Marc Largent, CEO of Premium Loaves.  Premium Loaves is a Jimmy John’s franchise group which owns and operates the Jimmy John’s restaurants serving the Bloomington / Normal area, as well as 100+ additional locations throughout Illinois and six other states.

The renovation will convert the property into a modern, multi-tenant environment with Premium Loaves occupying a portion of the building and additional tenant spaces available for complementary businesses. Specific end users for the additional spaces will be announced at a later date.

“This is exactly the kind of adaptive reuse that keeps a community’s character intact while moving it forward,” said Robbie Osenga, AXIS 360 Commercial Real Estate Specialists. “307 E. Grove was a historic auto building; now it has a new future as a vibrant, multi-tenant hub that will bring people, energy, and investment to this corridor.”

Renovation plans are expected to include updated interiors, modernized building systems, and thoughtful exterior improvements that highlight the structure’s historic features while improving functionality and curb appeal.

As the project progresses, Premium Loaves and AXIS 360 anticipate additional announcements regarding tenant mix, timelines, and partnership opportunities.

About AXIS 360 Commercial Real Estate Specialists

AXIS 360 is a locally owned boutique real estate company with combined experience of close to forty years in commercial real estate brokerage. AXIS 360 is the culmination of extensive industry experience and strong relationships. AXIS 360 was founded on the principles of service and trust. Our brokers have decades of local commercial real estate knowledge and extensive professional networks. We take pride in our outstanding reputation in the Bloomington-Normal and surrounding McLean County community.

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