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Far Hills Bob Evans property sold for $2.5M

Published: Friday, December 08, 2017 @ 4:59 PM
By: Thomas Gnau - Staff Writer

The sale of area and Ohio Bob Evans restaurant properties continues.

A New Albany outfit has purchased the property housing the Centerville-area Bob Evans restaurant for $2.5 million.

The 4,992-square-foot building and 1.25-acre site at 7115 Far Hills Ave. was sold to Timothy P. and Paula S. Heather, of New Albany, Ohio, according to Montgomery County property records.

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The new owners give the same address as the Bob Evans headquarters in New Albany.

The local franchise food site was built in 1986.

Bob Evans has been restructuring its business and selling its restaurants quickly. Back in May, a trio of Dayton-area Bob Evans restaurants sold for a total of $5.6 million.

At the time, Bob Evans Farms Inc. had divided its business by keeping its food production side and selling off its restaurant chain to private equity group Golden Gate Capital.

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Bob Evans Farms, Inc. said in January it intended to sell off its restaurants to focus on packaged foods.

Golden Gate Capital bought the restaurants for $565 million, and Bob Evans Farms bought Pineland Farms Potato Co. for $115 million.