News roundup: Metairie businessman buys Baton Rouge office building for $2M … Minor renovations, but no big changes for Ruth’s Chris following $2.35M sale … Louisiana Spirits lands distribution deal with Stoli Group
Done deal: A Metairie businessman has paid $2 million for the Oaks of Kingsbridge office building and property at 3233 S. Sherwood Forest Blvd., near the intersection of Justice Avenue. Elite Investment Group LLC, whose sole member is Jason Adams, bought the building from a group of sellers including Alabama-based McAndrew LLC; Texas-based Bratten Investments Ltd.; and Harris Investments. Attempts to reach the buyer, Jason Adams, for comment on his plans for the building were unsuccessful.
Here’s the plan: The new owner of the Ruth’s Chris Steakhouse building at 4836 Constitution Ave. is planning some minor renovations to the building, but no major changes are coming to the restaurant or its operations. As Daily Report first reported Monday afternoon, Chris Bachman purchased the building and land the restaurant sits on for $2.35 million. Bachman has owned the business for four years. A new walk-in cooler and cooking line is being installed in the kitchen, Bachman says, but there are no other renovations planned right now.
Going national: Lacassine-based Louisiana Spirits has reached a distribution agreement with Stoli Group USA under which the New York-based liquor giant will begin distributing Bayou Rum nationally at the start of next year, the companies announced today. Financial terms of the deal were not disclosed, but a news release says it is a multiyear agreement and “start of a long-term partnership.” The distribution deal also will enable Louisiana Spirits to take Bayou Rum international, according to the companies, which have more details on today’s announcement.