Salt Lake Tribune | 1917-10-07 | Page 65 | Ashton-Jenkins Company Makes One of the Greatest Realty Purchases of the Season

. : Ashtoi-Jenkins Company Makes One of tie Greatest Realty Purchases of the Season IIIIHII I m III1J.IJJJUJ1 .nu.lt- ,wi,vJ.. I IH I. lfWJ1lwrr;1BHB.WIliwmi.w . .LUI .1 I .uw I 11, mil ill It j I L T 1 I . ' " -- r- ..in.jiiauu.fi ubiiim. ii ihimiw pnirmiiiwiij...ipi nniii jj iiuum n ill mm I I I mmm ' ' " Z vn I v -. : . : - ' ., 1 1 ll III II I Ill Ill I MM I Ml III IIIHIII1I mil iMfl' I'lTjTl-'rt" l"" ' "' " i. The puri-hat;e rei-cully by Ashton- 'onkins company of what is known as the Kendall square property is indicative indica-tive of a turn to a very healthy condition con-dition in real estate circles. The purchase pur-chase made by this firm is one of the largest of the season and so far as actual property is concerned involves ' more ground than any up-town transaction trans-action since the Samuel Newhouse purchases of a few years ago. The property acquired by this new purchase pur-chase consists of five acres of groundj or approximately .'1.S0 by liSU feet ot ground, situated between West Temple and First West streets and between Fourth and Fifth South streets. The property referred to was at 6ne time owned bv the R. K. Thomas Realty company." The R. K. Thomas Realty company, however, disposed of .its interest in-terest in Kendall square to the Claf lin I company of New York. The Claf lin company failed a few years ago, and since the failure, Ashtou-Jenkins company com-pany have managed the renting of the property for New York City interests. Some time ago tho New York interests were absorbed by wdiat is known as the Mercantile Stores corporation, a New York corporation organized for the purpose pur-pose of taking title and liquidating the assets of the original Claflin company. com-pany. Mr. Allen T. Heisy of the Mercantile Mer-cantile Stores company induced Messrs. Ashton and Jenkins to buy the Kendall I square property, but the purchase lias I not been made known generally until recently. The Kendall square property prop-erty Ms' now beiug offered by Ashton-I Ashton-I Jenkins company to Salt Lake City I corporation as a public market site, for the sum of $125,000. The Ashton-Jenkius Ashton-Jenkius company is offering to accept in payment for the said property the city's eighty acres situated where the post house "is now located, at its appraised ap-praised value, the balance of. the purchase pur-chase price to be made in annual in- r.taUments of L'O.UUU per year. Tiie Ashton-Jenkins company is to collect tho rents of the premises until the property is paid for, but to charge the city no interest on the principal sum of $125,000 involved in the transaction. The offering made to the city of the Kendall square property by Ashton-Jenkins Ashton-Jenkins company is considered by the real estate fraternity in general as an exceptional inducement for the establishment estab-lishment of a public municipally controlled con-trolled market. The city commission already has appraisements oi this land j from five or six of the leading real j estato men of the city, all of tho ap- i praisements running from $124,500 up- ! wards to $150,000. Mr. Edward H. I Ashton of the firm of Ashton-Jenkins j company said today that since the acquiring" ac-quiring" of this land by the firm of I Ashton-Jenkins company numerous , propositions have been made for repurchasing repur-chasing of the land acquired. Same is situated only one block frcm Main street and one block from the New- house hotel, and two blocks from tho City and County building. The Kendall Ken-dall squnje property lies so as to be readily connected with the Orem and. Bamberger lines, thus becoming at once the city's closest-in warehouse, trackage. Kendall square is very suitable suit-able for wholesale houses, cold storage plants and market, purposes. The Growers' exchange in the city has al-readv al-readv gone on record as favoring by odds Kendall square as the most choice public market locality. ( Advertisement. 1