The purchase effectively doubles the university's downtown parking capacity. University officials signed a purchase agreement that will add the Mizpah Shrine building and parking lot to its Downtown Campus real estate holdings. The property is the third acquired to establish the Downtown Campus.
The building is located between the university's recently-acquired Chamber of Commerce building at 826 Ewing Street and the Scottish Rite Center, now the USF Performing Arts Center, at 431 W. Berry Street.
The university purchased the Scottish Rite Center in January as a location for a new Media Entrepreneurship Training in the Arts program and as a facility for use by the public for events, entertainment and meetings. In September, university officials announced their intention to purchase the Greater Fort Wayne Chamber of Commerce building as a home for the Keith Busse School of Business and Entrepreneurial Leadership, closing on that purchase this fall.
The transaction is expected to be complete early in 2013.