Bluebonnet Parc Shopping Center sells for $21 million

The Bluebonnet Parc Shopping Center next to the Mall of Louisiana has been sold for $21 million to Viking Partners, a Cincinnati-based company that owns about 20 shopping centers across the Midwest and Southeast. Bret Caller, one of the owners of the company, says the 18-acre property at 5909 Bluebonnet Boulevard is Viking’s first Louisiana investment. “Our plan is to re-tenant or re-lease the shopping center,” Caller says. “There are two tenants moving out. One of them is Mitchell’s, and one of them is Cost Plus World Market.” Cost Plus World Market, which currently operates out of an 18,300-square-foot space in the shopping center, is reportedly relocating and building an approximately 18,500-square-foot location in the Siegen Lane Marketplace. Caller also says Viking Partners may add another 15,000-square-foot building on the empty pad next to Mitchell’s. “We’re talking to many prospective tenants,” Caller says, though he said he can’t yet name them. “Some of them would be new to Baton Rouge. They’re anxious to relocate around the Mall.” Viking Partners completed the deal with Retail Properties of America Wednesday. —Rachel Alexander