Magnolia under contract to buy Grand Karem Shrine building in downtown Waco

Magnolia Vacation Rentals entered a contract Wednesday to buy the downtown Waco Grand Karem Shrine building from McLennan County.

County commissioners approved a $1.1 million deal with Magnolia Vacation Rentals LLC, which could be finalized in the next few months. Magnolia has the option to terminate the contract for any reason within 60 days. Otherwise, the county is now facing a countdown to find new offices for its employees who work in the building.

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