[Sponsored] Ratcliff Development, LLC acquires prime property In Baton Rouge for state-of-the-art warehouse development

RATCLIFF DEVELOPMENT, LLC ACQUIRES PRIME PROPERTY IN BATON ROUGE FOR STATE-OF-THE-ART WAREHOUSE DEVELOPMENT

Ratcliff Development, LLC, in Alexandria, Louisiana, is pleased to announce the successful purchase and development of an expansive 18.55-acre property located at 8800 Tom Drive, Baton Rouge, LA. The addition of this property to Ratcliff’s portfolio marks a significant milestone for the development company. Ratcliff Development’s presence in the market supports commercial and industrial growth plans in the greater Baton Rouge and surrounding areas. The property was acquired from Flor-line Associates, LLC., a New York limited liability company.

Sister company Ratcliff Construction Company, LLC, will commence building a 240,000 sq. ft., multi-tenant warehouse in March 2024. The facility will have concrete tilt-wall construction, and 50-dock high bays with rollup doors to meet the needs of businesses in the region. Houston-based architecture firm, Powers Brown Architects, will carry out the design of the project.

A significant aspect of the project is the imminent signing of a leasing agreement with the world’s largest e-commerce and distribution company before the construction phase has commenced. This Tenant will lease a substantial portion of the warehouse, totaling 127,700 sq. ft.

This collaboration underscores the strategic positioning and excellence of the upcoming facility, highlighting Ratcliff Companies’ unwavering commitment to excellence.

Ratcliff Development, LLC is excited about the prospects this project brings to the Baton Rouge business community and looks forward to contributing to the region’s economic growth through this state-of-the-art warehouse development.

Ratcliff Development, LLC is a leading real estate development firm committed to creating innovative and sustainable solutions for commercial and industrial spaces. With a proven track record of successful projects, Ratcliff Development is dedicated to shaping the future of real estate through strategic investments and cutting-edge developments.

Ratcliff Companies consists of several entities, including Ratcliff Development, LLC, Ratcliff Construction Co., LLC, Ratcliff Recovery, LLC, Ratcliff Constructors, LP, and Ratcliff Investments, LLC. The origins of Ratcliff Companies trace back to 1927 and have now evolved into a cohesive family of companies that collaborate to excel in every facet of development and construction.

BATON ROUGE MARKET REVIEW
Evan Scroggs, SIOR, CCIM, Managing Principal
Lee Baton Rouge, LLC

The continued demand from tenants for new construction, dock high access bulk warehouse space, and the lack of available inventory in the market, makes the 61 North project the logical solution for the Baton Rouge marketplace. Because of the limited opportunities for infill projects of this size and scale within the Baton Rouge city limits, a synergy is now being created by the addition of a new Amazon fulfillment center, the expansion of the Crescent Crown facility, and Old Dominion Freight Line acquiring the site across from 61 North. As a result, the area is experiencing a resurgence in the warehouse and logistics sectors of the market. Its strategic location not only provides dual access from Tom Drive and North Airway Drive, but is also situated near major highways, making it the ideal location for logistics-focused companies. A lease on 127,700 sqft. is pending, and we expect to be fully leased prior to construction completion. It has been a pleasure to work with Ratcliff Development, LLC and the City of Baton Rouge, and we believe this will be an excellent opportunity for growth for the city and region.

For more information contact Lee Scroggs – escroggs@lee-associates.com or Gregg H. Thompson – gregg.thompson@ratcliffdevelopment.com

Learn more about the space and secure your spot in the 61 North Warehouse today!