It looks like Globe Mechanical wants to purchase the buildings which were formally occupied by the street department. The asking price was $300,000 and Globe is offering $225,000. Yes the bid is much lower than the asking price, but these days no one can sell for asking price. And besides, no one else is interested in these buildings.
Globe Mechanical wants the space so they can expand and hire 40 more workers. I say sell the buildings already and let them put 40 people to work.