Local investors purchase office building for $1.4M

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An office building in Weiner Plaza on Lake Sherwood Avenue North was purchased last week by a group of local investors for roughly $1.4 million.

According to sale documents filed Friday afternoon, Baton Rouge-based CSSD Properties, represented by Cale Smith and Scott Daugherty, sold the building at 11440 Lake Sherwood Avenue North to Y. Wright Family LLC, a Lafayette company represented by Yvonne Neal Wright and Nina Wright Faucheaux.

In a phone interview Tuesday, Faucheaux says the company purchased the office building as an investment property. A single tenant, Northwestern Mutual, currently occupies the entire building.

CSSD Properties bought the building from R & C Properties in March 2013 for $1.3 million.

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Weiner Plaza is adjacent to the Creekstone Office Park built by Don Joffrion and Edward Rotenberg.

—Ryan Broussard

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