Led by Latter & Blum Inc. Chairman and CEO Robert Merrick, a group of New Orleans investors has acquired the office building at 4000 S. Sherwood Forest Blvd. for $8.15 million from a group of California investors. The 78,000-square-foot building is the eighth in the Baton Rouge market in which Merrick has acquired an ownership interest over the past 18 months, which he says speaks to the faith he has in the local office market.
“You’ve got so much petrochemical activity going on across south Louisiana right now, and that’s tied to the price of natural gas, not oil,” Merrick says. “Baton Rouge has always been the headquarters for big engineering companies so you have a lot of office users, which makes it an attractive investment.”
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