Charlie Colvin with Beau Box Commercial Real Estate has been marketing Pecan Creek Professional Plaza near Worthey Road and Burnside Avenue in Gonzales. Two buildings have been completed, and a pad site that was available for construction has now been sold.
Colvin says the pad site, which will be improved with a 4,900-square-foot building, has sold for $271,590. The seller was JP Development and Design, represented by ?Jennifer Boyce Price. The purchaser was MacHost Road, represented by Phillip Haddad and Patrick Haney. Austin Earhart with Beau Box Commercial Real Estate also represented the purchaser.
Haddad, a well-respected builder, has entered into a build-to-suit arrangement with an urgent-care provider. The site fronts Burnside Avenue for excellent visibility at a major Gonzales intersection.
One of the two 4,900-square-foot buildings that have been completed soon will be occupied by the district attorney for the 23rd Judicial District, which encompasses Ascension, Assumption and St. James parishes, under a lease agreement with the developer. The other completed building remains available for sale or lease.
Opelousas Home Depot sells
Home Depot closed its Opelousas store last year at Interstate 49 and Creswell Lane. The 102,000-square-foot building and 34,000-square-foot garden center opened five or six years ago, according to Beau Box, who brokered the transaction. The location is part of a larger shopping center that includes Ashley Furniture and Hancock Bank and is located across from a Wal-Mart Supercenter.
Home Depot has sold its ownership in the property, including a 2.4-acre outparcel, for $2.2 million, or a little more than $21.50 per square foot. The purchaser was Port Barre-based Randolph McCormick Realty. Box says McCormick purchased the property as an investment and intends make improvements. McCormick did not announce plans for the property.
New director for? Growth Coalition
The Baton Rouge Growth Coalition, a local trade organization of developers, engineers, brokers, builders and appraisers dedicated to supporting good growth and development in the Baton Rouge area, has chosen Hardy Swyers as its executive director. Swyers replaces Michael McDuff, who is leaving after five years to become director of the Louisiana State Contractors Licensing Board.
Swyers was a founding member of the organization, twice served as its president and has been a board member since its inception. He graduated from LSU’s Paul M. Hebert Law Center in 1973 and worked in real estate syndication consulting and brokerage from 1973-86. He was co-owner and president of C.J. Brown Realtors, which was Baton Rouge’s largest real estate brokerage firm, from 1986-89.
Since then, Swyers has developed 12 residential subdivisions totaling 1,600 lots. Among those developments are The Lakes at Highland Estates and Woodridge Estates.
As past president of the Growth Coalition, I chaired the search committee. We were blessed with several outstanding applicants, some of whom were excluded from being able to serve because of conflicts of interest regarding new ethics laws. When Swyers asked to be considered for the position, it was an easy decision. He will be an asset to the organization.