Jefferson office park garnering unprecedented interest, Baton Rouge developer says
Don Joffrion has been building office parks in the Baton Rouge area for several years, but he says he has never had as positive a response from businesses as he has been getting with his new 6700 Jefferson Office Park development.
Located a stone’s throw away from the City Farm office park being completed by Dantin Bruce Development, Joffrion’s 75,000-square-foot development already has three buildings under contract—and phase one of the project hasn’t even been completed.
“We’ve done several office parks, and typically you don’t get this kind of response at this stage of the game,” Joffrion says, crediting the location on Jefferson Highway between Lobdell Boulevard and Government Street as a popular draw for businesses right now.
For the third building in the development, Joffrion says the contract was negotiated and signed before workers had broken ground on the 3,800-square-foot building.
“In my experience, that’s unheard of,” Joffrion adds.
Joffrion and broker Mathew Laborde with Beau Box Commercial Real Estate would not divulge the names of the businesses moving in, saying only that three law firms have purchased buildings and they are negotiating a lease with a home health business as a possible fourth tenant.
For phase one, they still have one building that will be built to spec and a pad for a built-to-suit space that Joffrion says he will either sell or lease. The single-story buildings in phase one range from 3,800 to 5,200 square feet. Joffrion says phase two, which could be underway in about 60 days, will feature 13,000-square-foot, two-story buildings.
Laborde says several interested parties have approached developers about the buildings in phase two, but no contracts have been signed. The developers are charging about $20 per square foot to lease the space and between $180 to $185 per square foot to buy the space.
Trula Remson of Remson Haley Herpin Architects, the lead architect on the project, says the firm is drawing on French influences to create a timeless and traditional space with painted brick, arches, gas lanterns and pitched roofs. One of the buildings will have a cupola, and each building will be set apart by details in the entry points, Remson says.