A Texas developer has purchased the former Greater Baton Rouge Surgical Hospital on Howell Boulevard in north Baton Rouge for nearly $7.2 million.
Doing business as NEC Baton Rouge LP, New Era Companies, an integrated commercial development firm, acquired the property from LNR Partners of Miami Beach, Florida. LNR Partners sold the nearly 9-acre property through COMM 2006-C8 Howell Boulevard LLC.
The property, located in Howell Place Business Park, was developed in the mid-2000s as a 10-bed surgical hospital with an adjoining 50,000-square-foot medical office building. The hospital, reportedly mostly owned by minority owners, shuttered after just seven years in operation, in late 2012, because of a lack in patient volume.
This is the third property in the city sold by LNR Partners in the past year. The property management company sold the Sable Chase at Sherwood apartments property for more than $4.5 million in December and sold the 122-room Radisson Baton Rouge Hotel and Conference Center on South Acadian Thruway for $2.7 million last March.