Event Studio LLC of Rochester bought the uniquely designed Home Design Studio complex from Partnership 10 of Byron. It's located at 3777 40th Ave. N.W. along West Circle Drive.
No individual names were listed on the Olmsted County sales record. However, Event Studio receives its tax bills at 123 Carlton St. S.W., which is also the headquarters of Elcor Construction. Elcor is owned by local developer and real estate investor Dan Penz.
Penz couldn't be reached for comment on any possible involvement.
Partnership 10, which lists Jerome Bigelow and Randy Lennon as principals on state incorporation documents, originally purchased the empty land for $425,000 in 2005. Home Design Studio was built and opened in 2006, not long before the home building market plummeted.
That was also the same time period that Rochester Market Square, another home construction mall, also opened in south Rochester. That facility recently was re-configured and re-opened as Rochester Public School's Alternative Learning Center.
When Home Design Studio opened in 2006, it had 13 local owners and 59 people on staff.
The final occupants – Home Improvement Professionals, the Olmsted County Lumber Mart and Home Design Studio Flooring and Cabinets – moved to Byron in April 2012. OCLM was recently sold and closed, though the other businesses remain active.