When Jay Stein decided to retire as Stein Mart Inc.’s CEO at age 70 in March 2016, the business hadn’t substantially begun its decline and COVID-19 was nearly four years from being the daily headline that would seal the national department store chain’s demise.
Stein and his wife, Deanie, decided to at least partially relocate from Jacksonville to Los Angeles, according to WJCT News partner the Jacksonville Daily Record.
Not just any part of Los Angeles – Beverly Hills.
They paid $22.5 million for an 8,400-square-foot, six-bedroom, six-bath, single-story home on 0.77 acres in the Trousdale Estates section of Beverly Hills near the Santa Monica Mountains.
Additional photos of the home and more of its history are in an expanded version of this story at JaxDailyRecord.com.