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Heard on the Street: Jaguar buys Rochester office for $665,000

An area communications operation dialed in a $665,000 deal this week to buy its Rochester office.

Jaguar Real Estate Holdings, LLCpurchased the commercial building at 2109 S. Broadway on Tuesday from Gary Mattisonof Jupiter, Fla. Mattison is a well-known Rochester real estate investor.

The center is tucked into a hillside near the former home of Tinn's Wings, Subs & Beer/The Lost Cajunspace at 2025 S. Broadway.

Owatonna-based Jaguar, an Internet, telephone and television service provider, moved in as a tenant of the 2109 S. Broadway building in July 2010. Jaguar moved from its previous Med City office, at 4200 U.S. Highway 52 North, in the commercial center anchored by Harbor Freight Tools.

At the new location, Jaguar took over space that had been occupied by Total Choice Shipping, which closed in February 2010.


Biz buzz

A Lincoln, Neb.-based manufacturer has named a new general manager of its Pine Island facility.

Lincoln Industriesannounced this week that it has named Todd Backeras the GM of the Pine Island plant, which is a contract manufacturer with its own line of chrome motorcycle parts called Khrome Werks. Khrome Werks makes custom after-market accessories primarily for Harley-Davidsonmotorcycles.

Backer is coming to Pine Island after serving as vice president of innovation and engineering at Rice Lake Weighing Systems, at Rice Lake, Wis.

In its first expansion beyond Nebraska, in 2015 Lincoln bought what was previously called DS Manufacturing in Pine Island from Rich Breustedt and Michael Gaveske. The 75,000-square-foot DS plant had 87 employees in 2015.

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