Academy Mortgage Corp., a two-year-old independent mortgage company, has purchased a 16,000 square-foot building at 4055 S. 700 East that will be known as the Academy Centre.

Following extensive remodeling, Academy Mortgage will move from its 3,500 square-foot space at 4516 S. 700 East and occupy 5,000 square feet of space in the new building. Duane Shaw, president, said the company purchased the building to provide a central office.Shaw hopes Academy Centre will evolve into a full-service real estate building with a real estate sales company, a construction company, a title company, insurance companies, financial consultants and certified public accounting firms as tenants.