Commercial Properties Realty Trust, the for-profit real estate arm of the Baton Rouge Area Foundation, has reached an agreement to transfer the Bon Carré Business Center on Florida Boulevard back to its lender after defaulting on a more than $36 million mortgage. The center—once the Bon Marche Shopping Center and now home to the Louisiana
Lender to take back Bon Carré after Commercial Properties defaults on more than $36M loan
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