Government Street Blockbuster sold

The empty Blockbuster Video store at Government Street and Acadian Thruway has been sold to a group of Metairie investors. Highway 23 paid $692,000 for the 6,000-square-foot building. Austin Earhart, an agent with Beau Box Commercial Real Estate who had the listing for the store, says Highway 23 is “working on a couple of different deals.” One possibility is leasing the building to a single tenant, a national dentistry group. If that deal doesn’t work out, the building will be subdivided and leased out in smaller chunks. “There is a lot of interest from small tenants,” Earhart says. “There’s great exposure, and you have a lot of parking and you’re by a traffic light and Rite Aid.” The Mid City video store has been closed since April 2007, after the lease on the building came up and Blockbuster decided not to renew.—Timothy Boone