Ascension lots sold for $7.7 million: Developer Kevin Nguyen sold 199 lots in his Keystone of Galvez subdivision to A and T Management. A and T, headed by Allen Tomlison, paid $7.7 million for the lots off La. 933 in a deal that happened Tuesday. Tomlinson bought 145 lots at $40,000 each and 54 lots at $35,000 per lot. They will construct houses on them for sale. Tomlinson and Vicknair builders have been buying lots in Galvez in blocks of 10 for the past year before they went ahead and bought out the rest of the developed properties in the subdivision.
Banking on growth: Business First Bank has started renovating the old Regions Bank branch at Jefferson Highway and Essen Lane. The bank plans to move its local offices into the new location by September, says Paula Laird, executive vice president and chief accounting officer for Business First. The new location is 23,000 square feet, more than twice the size of the current offices in the Esplanade Mall on Corporate Boulevard.
Changing hands: BREC has purchased the old Greater Baton Rouge Association of Realtors office for just over $1 million. The park system closed the deal for the 4,600-square-foot building and the 1.72-acre site Wednesday. BREC officials have said they plan to use the building off Bluebonnet Boulevard as an educational center and for parking associated with the nearby Bluebonnet Swamp. The Realtors officially moved into a new office Tuesday in the Jamestown at Old Perkins mixed-use development at Perkins Road and Pecue Lane.
