An engineering firm and investment company have moved into neighboring office suites in Don Joffrion’s 6700 Jefferson Office Park that’s under development near Towne Center.
The sale closed just before Christmas.
Grimball Holdings, represented by Ross Grimball, bought the 2,192-square-foot Suite A in building four for $405,520, while PVS Investments, whose sole member is Paul Saltaformaggio, purchased the 2,144-square-foot Suite B for $396,640, according to sale documents filed with the parish Clerk of Court’s Office on Dec. 23. They are the second and third companies to buy offices in the park after law firm of Dampf, Thibaut & Hessburg paid $700,941 for a 3,813-square-foot building in early December.
Mathew Laborde, a commercial real estate broker with Beau Box Commercial Real Estate who is marketing the property, says both companies approached Joffrion about buying the suites around the same time and wanted to close before the end of 2015.
“It came out of nowhere, and we put it together real quick,” Laborde says.
Since Joffrion purchased the 4.6-acre site on Jefferson Highway for the office park last January, two buildings have been completed in the first phase of the project, which is to include six buildings total. Construction permits are currently being reviewed for three additional buildings as part of the initial phase.
Of the three buildings in permitting, one will be leased to a home health company, while a purchase agreement has been signed for another. The third is a spec building that is already drawing some interest
“With all the demand, we have a lot of interest, a lot of people are talking about it, talking to us about it,” Laborde says.
A company that has a few more years left on its current lease elsewhere has purchased the final pad in phase one, but Laborde says construction there will not begin for at least another year. The purchase agreement states that Joffrion’s company will construct the building, which the company—whom Laborde declines to identify—will also buy.
Design is underway on the second phase of the project. Preliminary site plans call for buildings measuring 13,000 square feet over two stories.