Based out of Sioux Falls, S.D., with offices in Rochester and St. Paul, CEO Nate Stencil represented the company and their plans to the board.
The property wasn't previously for sale by the district, but Stencil and his group were given tours of the facility in the spring.
Stencil remarked at the quality of the building, commending the district on its upkeep over the years.
Preliminary plans would have Stencil Group adding a three-story building on the block that would act as the senior living facility. The Jefferson building would be used as a senior community space and a possible area for child care.
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