Schwan’s former warehouses move in real estate

When Schwan’s, the national home-delivery food company, pulled out of Louisiana late last year, it left behind three vacant warehouses, including one in Baton Rouge and one in Mandeville. But less than six months later, the Mandeville warehouse is sold, and the local warehouse, located on Choctaw, is under contract. “The fact that these moved so quickly is a very positive sign for the local economy and shows the commercial industrial market is really rebounding,” says Mark Hebert of Kurz & Hebert Commercial Real Estate, who listed the properties. A Northshore construction company purchased the 8,800-square foot warehouse in Mandeville this afternoon for $725,000, while the 58,000-square-foot Choctaw warehouse is listed at $320,000. Hebert declines to identify any interested buyers. —Stephanie Riegel