Thu | Dec 8, 2016

CD Alexander relocates auctions downtown

Published:Wednesday | October 15, 2014 | 12:00 AM
A cyclist approaches the old Ideal Warehouse, the new home for CD Alexander Realty's auctions. Norman Grindley/Chief Photographer

CD Alexander has leased the old Ideal Warehouse in downtown Kingston from the Urban Development Corporation (UDC) to hold its auctions.

The company hosted its first auction at the new location in September after initially testing out space at the Jamaica Livestock Association (JLA) complex at Newport East.

"We call it Auctions on the Waterfront," said Marketing Executive Denise Sangster.

"We used to do it at Marescaux Road, but we have been trying to expand it somewhat."

CD Alexander Realty was acquired in 2013 from Musson Jamaica by the LP Azar Group, which relocated the business from the downtown waterfront at Port Royal Street to mid-town at Marescaux Road.

The auction at the JLA complex, where the space was rented, was to test whether bidders would attend auctions set for downtown venues.

"It was like a trial for us and it went very well, so we just decided to dive in," Sangster said.

The company declined to state the length or cost of the lease agreement with the UDC. The warehouse gives CD Alexander more than 33,000 square feet of warehousing and auction space.

Sangster said the new auction centre, which is also located on Port Royal Street, was repainted and had new shutters put in, adding that UDC bore the brunt of the refurbishing costs.

The company's main office will remain at Marescaux Road.

tameka.gordon@gleanerjm.com