Moving to South Sherwood Forest: Pelican State Credit Union has closed on a previously announced purchase of the Piccadilly headquarters building. The credit union paid $3.5 million for the 42,000-square-foot building in a deal that was filed Thursday. In October, Pelican State announced plans to buy the building on South Sherwood Forest Boulevard and lease back 15,000 square feet to Piccadilly. Both firms will operate their headquarters out of the building. A Pelican State spokeswoman says the credit union will begin to move into the building within six months.
UCB sells property: A nearly 20,000-square-foot building on Coursey Boulevard behind United Community Bank has been sold for $2.435 million. Provco Holdings bought the building from UCB in a deal that closed last week. Plans are for Sparkhound, a local IT company, to move in after Jan. 1 and lease about 14,000 square feet, says Brian Dantin, an agent with Beau Box Commercial Real Estate, who represented the buyer. Brent Garrett and Grey Mullins, also with Beau Box, represented the sellers. The building had been vacant since last month, when Fluor Corporation moved into Perkins Rowe.
Downtown property sold for $1.265 million: A historic building on Main Street has been sold for $1.265 million. The 10,000-square-foot building and 25 parking spaces were sold by JMH Properties to 631 Main Street in a deal that was filed last week. Paul Burns of Burns & Co. represented the seller, while Chad Ortte of Donnie Jarreau Real Estate represented the buyer. The first floor of the building is currently occupied by Holden & Associates Architects. The group that bought the building also owns Unified Recovery Group, a downtown firm that specializes in cleanup after natural disasters.
