Sioux Falls, SD based company purchases Terra Centre in downtown - KTIV News 4 Sioux City IA: News, Weather and Sports

The Terra Centre in downtown is close to having a new owner. Sioux Falls, South Dakota developer Don Dunham, Jr. is in the process of buying the building.

He wants to return it to, quote "its original glory."

Dunham says he plans to do renovations, and rent it back out to businesses. He can't give specifics, but says he's trying to bring in four new tenants.

Dunham says he's also considered renaming the building.

"Kind of depends on who the tenants are, and who we want for a long term name. But, right now, it's still up for grabs," said Dunham.

The Terra Centre has been for sale since last March. CF Industries bought out Terra, and moved many corporate jobs to CF's headquarters in Illinois.

Sioux City officials are eager to see new businesses, and new jobs move in.

"We've got some great things happening downtown Sioux City. We've got some challenges, but I think this is a big piece of the puzzle to get this building sold and in the hands of some good investors who will put some money into it, fill the space, bring some more jobs in. It's the direction we're headed in Sioux City and we're pretty happy about that," said Economic Development Director Marty Dougherty.

Dougherty says there is commercial, and office space, inside the building. He'd like to see that go towards high-paying jobs.