Council Bluffs, IA – A federal building in Council Bluffs that's housed the U.S. Postal Service for more than 100 years has a new owner.
The federal building opened in 1883 as the home of the U.S. Postal Service and Customs House. In 1959, the original building was torn down and replaced with a more modern federal building. The Post Office remains at that site. The building was auctioned off Wednesday for $1.3 million.
John Robinson of the General Services Administration says he can't release the buyer's name until the sale is complete. But Robinson says the contract requires the buyer to lease 75-percent of the building space back to the federal government.
Robinson says he's convinced all of the building's current tenants will stay for the next 15 years, which is the length of the contract.