Well, who you gonna believe, the Hatteisburg American or Blackjack Magazine? Anyway, it's only a $300,000 difference.  And who's counting?

"Southern Miss bought the Albertsons building in 2002 for $1.2 million, and officials announced plans to spend another $1 million to renovate it for the then-College of Nursing."

http://www.hattiesburgamerican.com/news/updates/8383.html

"This marks the latest building Sims has owned in Hattiesburg. Sims has bought both the old Hattiesburg High School on Main Street - which he later sold to the Historic Hattiesburg Downtown Association - and the former Albertson's grocery store and later sold to the University of Southern Mississippi. "

http://www.hattiesburgamerican.com/news/stories/20040823/fyipinebelt/1102614.html

"Sims sold two of his Hattiesburg real estate holdings in 2002. First, Sims sold the old Hattiesburg High School building on Main Street to the Historic Hattiesburg Downtown Association for $50,000. Then Sims sold the former Albertsons grocery store, which he purchased at auction in March, to the University of Southern Mississippi for $1.5 million."

http://blackjackmagazine.com/managearticle.asp?c=360&a=130