The last remaining tract in the Patriot Commerce Park was sold to a local company that already owns about 50,000 square feet of land in the development.
In a deal that closed Friday morning, Bernhard-Normand Construction LLC, represented by Nic Bernhard, paid $239,500 to Warehouse Condominiums LLC, represented by real estate broker Donnie Jarreau.
Grey Hammett, a commercial agent with Mike Falgoust & Associates who helped broker the deal, says the plan is to build either a multi-tenant building or a mix of multi-tenant and free standing buildings for lease on the 16,000-square-foot tract. One business has expressed interest in 6,000 square feet so far, Hammett says.
Bernhard-Norman Construction already owns about 70,000 square feet of commercial warehouse office space in the development and has only one suite that is not occupied, Hammett says. They typically have buildings completed within about six months, he adds.
The Patriot Commerce Park—located on Patriot Drive, just off Airline Highway behind Celebration Station—has become a hotspot for businesses looking for warehouse commercial office space. Once similar developments on Industriplex and Cloverland filled up, Patriot became the next logical spot where those businesses could buy and lease space.
Other tenants in the Patriot development include a martial arts studio, a dance studio and cheerleading school.
“It seems like a lot of these guys are heading toward the industrial sector,” Hammett says.
Jarreau began developing the park several years ago, but Hammett says it did not really take off until other builders, like Bernhard and his partner Todd Normand, starting buying up property and building on it.
The tract the duo purchased Friday is the final undeveloped parcel. It does not have a municipal address yet, but is listed as lot 7-D on the site plan.
—Ryan Broussard
