The former Rogers Memorial Library building, which sits at 11 Jobs Lane in Southampton Village, was sold over the summer for $5.25 million, nearly $1.75 million more than it sold for when it last changed hands in 2014.
According to recently published real estate transaction records, 11 Jobs Lane Southampton LLC, which purchased the 7,916-square-foot building for $3.5 million in 2014 from then-owner Jonathan S. Sobel, sold the building on August 14, 2017, to the now listed owner Scott Lohr, the chief financial officer for architect Peter Marino.
Currently the building is home to One Kings Lane, the popular online home décor and furnishings retailer, which settled on Southampton Village for its first permanent brick-and-mortar store location in September 2017.
The retailer first operated as a summer “pop-up” shop at the old Rogers Memorial Library building in 2017, but extended its stay in the building, which had sat unoccupied for several years.
Alex DeAngelo, the brand marketing manager for One Kings Lane, said on Tuesday that One Kings Lane has always been on lease terms with the building owner, and that will continue under new ownership.
Up until One Kings Lane moved in, the building was never once used for retail space.
Historically, the building was used by the library from 1896 until 2000, which was the year the library moved to its current location on the corner of Windmill Lane and Coopers Farm Road. The building was then used by the Parrish Art Museum until 2012.
When Mr. Sobel acquired the property in 2012, he purchased it for $2.875 million from the Parrish Art Museum. The sale came a month before the art museum moved to its current location along Montauk Highway in Water Mill.
Though the property was not on the market at that time, the museum’s board of trustees selected Mr. Sobel as the buyer. Mr. Sobel’s wife, Marcia Dunn Sobel, served as a Parrish Art Museum trustee at the time, said her husband wanted to restore the building to its “former grandeur” before finding a new tenant.
In 2000, the Parrish Art Museum purchased the building from the Rogers Memorial Library for $1.1 million, according to town records.