The owner/operator of the Louisiana Regional Airport in Gonzales has purchased a roughly 28-acre tract on Airport Industrial Road south of Loosemoore Road to expand hanger space.
The Ascension-St. James Airport and Transportation Authority bought the 28.32-acre tract on July 8 for $677,568, or about $24,000 per acre, from Donaldson Clark Plantation Inc. The seller also donated a 3-acre parcel adjoining the eastern side of the tract so Airport Industrial Road can be extended the length of the property. Gary Binns, Gary Fontenot and Rick Gautreau of Realty Executives of South Louisiana brokered the sale.
“Right now I don’t have another square inch of hanger space to rent,” says Janet Gonzales, manager of the Louisiana Regional Airport.
The land also will help the airport continue with its master plan and conform to Federal Aviation Administration and state Department of Transportation and Development standards, Gonzales says.
In 2013 the airport received a $3.8 million grant from the FAA to extend and expand the runway. The expansion has been completed, allowing for corporate jets to take off with full fuel capacity.
“It is much more convenient to fly into the Ascension-St. James airport than it is to fly into New Orleans or Baton Rouge,” Gonzales says. “The corporate jets can come in and out more easily now that the runway has been expanded.”
Zaxby’s in Livingston
Custom Outlots LLC purchased a roughly 1-acre outparcel of the Walmart property on La. 16 near Watson on July 2 for $435,000, or about $10.50 per square foot.
The new owner will develop a 3,850-square-foot Zaxby’s Restaurant, according to Charlie Colvin with Beau Box Commercial Real Estate who brokered the transaction.
Zaxby’s is a franchised chain of fast-casual restaurants offering chicken wings, chicken fingers and sandwiches.
Old Direct General building sells
The Florida Boulevard building that most recently housed Direct General Insurance, and prior to that Blue Cross and Blue Shield of Louisiana, has been sold.
The building at 10225 Florida Blvd. had been vacant for seven to eight years and was marketed by Colvin for almost that long. The 90,898-square-foot, eight-story structure sold July 1 for $1.7 million to GNL LLC, which was represented by Jim Allen at Saurage Rotenberg Commercial Real Estate.
“The building was in relatively good condition, given the fact that it was constructed sometime in 1967 or 1968. It needed an interior facelift and extensive elevator work, but the bones were solid,” Colvin says.
Allen says the property will be used for “undisclosed purposes,” but at a purchase price of less than $19 per square foot, it will be hard to lose.
Independence industrial building sells
An industrial facility at 129 Calhoun St. in Independence sold June 23 for $918,000.
The 4.7-acre site was improved with 76,700 square feet of buildings, including 31,000 square feet of tilt-up concrete manufacturing warehouse space with 30-foot eaves and truck wells. The facility included backup diesel generators and oversized water, natural gas and electrical services.
Chris Bellone at Property South LLC had listed the property for $1.58 million. Windsor Investment Group sold it to DNHG LLC, which was represented by Jim Allen at Saurage Rotenberg Commercial Real Estate.
Neither broker involved in the transaction would disclose the new owner’s intended use for the facility.
Tom Cook of Cook Moore and Associates has been an independent real estate appraiser for more than 20 years.