Baton Rouge-based Holmes Building Materials has purchased Ed Price Building Materials at 7835 Airline Highway, with plans to consolidate its Baton Rouge retail store, Sherwood Forest showroom and door manufacturing facility at the newly purchased location.
The property sold for roughly $3.4 million in a deal that closed on Friday, according to documents filed with the East Baton Rouge Parish Clerk of Court Office.
The purchaser is listed as Holmes Properties LLC, represented by John M. Holmes, and the seller is listed as Ed Price Building Materials, a Mississippi-based corporation represented by H.C. Bailey Jr.
In a statement, John Holmes says the opportunity to purchase Ed Price Building Materials arose just as Holmes Building Materials was beginning to outgrow its Greenwell Springs facility. The Ed Price location, the full statement says, will undergo a complete remodel and will remain open during the transition.
“The new space gives us much more land, retail space, parking, and warehouse space along with direct access to rail transit. It will help our business run more efficiently as well as give us plenty of room for future growth,” Matthew Holmes, John’s son, says in the statement.
Holmes Building Materials is a family-owned business that was founded more than 50 years ago as Holmes Brick and Salvage. In the 1980s, John Holmes, Matthew’s father, grew the business into Holmes Building Materials. The company has since expanded to three retail locations, two showrooms and a door manufacturing facility.