LINCOLN — Ndamukong Suh’s development company will buy a portion of the former Nebraska Bookstore property from the University of Nebraska-Lincoln for $1.25 million and open a NikeTown store.
The NU Board of Regents voted Friday on the proposal to sell 17,000 to 19,000 square feet of the building at 1300 Q St. to TFL Development, owned by Suh, a former Husker and now a tackle for the Miami Dolphins. The regents discussed the proposal in closed session before revealing the purchase price and the retailer TFL intended to bring in.
TFL will also pay a $1,000 per month “condo fee” to UNL.
In its request for proposals, UNL asked developers to propose a “nationally or globally visible retail store,” especially clothing or footwear.
UNL bought the building in June for $4.75 million and will keep about two-thirds of it to use for an educational purpose.
Adidas is aware of the plans for a NikeTown and there is no conflict, UNL Chancellor Harvey Perlman said.
“We won’t be doing anything that is in conflict with our contract.”
The Adidas contract runs through 2017, Perlman said.
Regent Tim Clare abstained from the vote and sat out of the executive session discussion on the deal. Clare said he is not involved in the deal and isn’t currently representing Suh or the development company. He said he abstained because he has represented Suh in the past.