OBSERVER Photo by Gregory Bacon 716 Rapid Rentals has purchased four buildings in downtown Jamestown, which are part of Brooklyn Square. The new owners are looking for tenants for Big Lots and the former Tim Hortons building pictured. The other buildings are Community Bank and Family Dollar.

Four business buildings in Jamestown’s Brooklyn Square – two of which are currently unoccupied – have been sold for millions of dollars.

According to documents filed at the Chautauqua County Clerk’s Office, in March the Savarina Corporation sold 21-41 South Main St., and Harrison St., Jamestown to 716 Rapid Rentals, LLC for $2,137,500. Using the parcel number, the buildings include the closed Big Lots, closed Tim Hortons, as well as Community Bank and Family Dollar, both of which are currently open.

In 2025, Tim Hortons opened a new restaurant at 10 South Main St. where the former Jimmy’s and Friendly’s restaurants had been located. The original Tim Hortons building has remained empty ever since.

Meanwhile Big Lots closed in early 2025 after being there for 30 years. Before Big Lots, the building was a Quality Markets location.

In 2025, Savarina Corporation was suing the city of Jamestown to lower its tax assessment. The company wanted its assessment dropped from about $2.3 million to $154,000.

The lawsuit was discontinued in May according to court documents filed in state Supreme Court. The city, school district and Savarina Corporation signed off on it.

Even though the sale had gone through in March, ending the lawsuit took a couple of months longer.

No plans have been announced for either the former Tim Hortons or Big Lots.

There are signs out front of the buildings by Jamestown’s Rental Properties, saying they are available for lease. A message was left for Jamestown’s Rental Properties seeking comment.