The recent acquisitions of property for apartment development indicate increasing demand for quality locations.
The Copper Mill Home Owners Association has purchased the Copper Mill Golf Course for $1.2 million.
The industrial boom in the Capital Region has prompted Standard Alloys to stake out a location in Baton Rouge.
DJ Watt, represented by Donnie Jarreau Real Estate, purchased a 4.57-acre tract next to Super Walmart on Range Avenue in Watson. The tract owned by Walmart sold on Nov. 25 for just over $1.1 million, or about $5.60 per square foot. Donnie Jarreau Real Estate has pre-leased 60% of the 37,000 square feet to tenants that include Dollar Tree, Hibbett Sports, Casa Maria, Smoothie King and Go Auto.
It is not really news that CB&I has moved into the space that was formerly occupied by State Farm in Towne Center, but the particulars of the lease deal may be.
The Price LeBlanc family heirs have purchased a 67.76-acre tract at the corner of Burbank and West Lee drives from Victory Development, doing business as Burbank and Lee Investors.
Scannell Development purchased a 12.35-acre tract for a build-to-suit building for American Tire Distributors. The property was purchased from Airline-Manchac LLC for $1,100,000, or about $2.05 per square foot. The sale closed May 30.