MUSCATINE — Stanley Consultants announced this week that it was selling the Hershey Professional Building on 216 Sycamore St. The group began leasing a portion of the five-story building in 1946 and later purchased it in the 1950s. Since then, Stanley Consultants and has been leasing portions of the building to local businesses.
But in recent years, the company has seen a decline in rentals in the building, prompting a consolidation and reorganization of workspaces within Stanley Consultants, and moving workers from the building to the adjacent Stanley and Laurel buildings, according to a press release.
Also in the building is a commercial printing business owned by Stanley Consultants, Sycamore Printing. The business will remain open and is “committed to serving its clients throughout the region,” according to the press release. It is unclear if and when Sycamore Printing will move from its current location. Stanley Consultants officials were unavailable to comment by press time.
The Hershey Building, named after the Hershey family who built it in 1908, has been listed with NAI Ruhl Commercial Company from Davenport, through listing agents Charlie Armstrong and Rick Schaefer. Armstrong said the building has “tremendous potential to continue as commercial use. Residential occupancy or a mixed-use redevelopment.” And, according to the press release, the building already garnered “initial inquiries from prospective buyers.”