A vacant 5-acre tract in the Bass Pro Shops development in Denham Springs will soon be home to a 47,000-square-foot retail center, according to Joe Moore, of RE/MAX First, who brokered the sale of the property. I-10 Equity Partners LLC, based in Sulphur, is assembling the approximately 5.11-acre tract, which is located next to Cavender’s Western Outfitters store, for the construction of the retail center. The center will house national chain Quaker Steak and Lube, a boutique dress shop, a cell phone service provider and a fitness concept, Moore says. The tract is being assembled for a total price of $2,335,469, or about $10.50 per square foot. According to Moore, 62% of the center is pre-leased in the $18 to $23 per square foot range. Construction should begin in the next two months.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)