A newly constructed office building measuring roughly 3,400 square feet in the Market Plaza Office Park off Coursey Boulevard, between Airline Highway and South Sherwood Forest Boulevard, has been sold for $495,000.
The buyer, Dr. Markus John of Baton Rouge, plans to move his medical practice into the larger space in the two suite designed building at 4021 WE Heck Court, says Chris Pike of Mike Falgoust & Associates Commercial Real Estate, who represented the seller in the deal, Ladner Investment Properties LLC. David Vercher with Keller Williams Commercial Real Estate represented the buyer.
“It is my understanding that the buyer intends to occupy the larger suite, which is 2,224-square-feet, and then offer the smaller, 1,200-square-foot space for lease,” says Pike.
The building is only one in the office park that was not included in a recent $1.75 million deal. In mid September, Coursey Condos purchased eight pad sites and two office buildings in the park from Destiny Interests.
“This was always the one pad site that Destiny Interests did not own. Ladner Investments had bought the pad site years ago and built this building,” Pike explains.
The office park is located next to The Chimes East on Coursey. It is currently comprised of 14 pad sites measuring between 3,000 and 6,000 square feet, six of which have seen offices built on them since 2012. Destiny Interests breathed new life into the development in 2011, when it purchased the property out of foreclosure after the initial developer shelved the project a year earlier.
—Steve Sanoski
