The AMC Plaza Office Building on South Sherwood Forest Boulevard has been sold and will be the new offices for CJ Brown Realtors. The 36,000-square-foot office building sold last week for $2.5 million or about $69.50 per square foot. The purchaser was CJB Investors, represented by its managing partner, Robert Merrick. Merrick owns CJ Brown Realtors. Real estate agents representing CJB Investors were Ty Gose, Ben Johnson and Randy Boughton of NAI/Latter & Blum Realtors. CJ Brown Realtors will relocate their residential real estate offices to the building in January. The seller was South Sherwood Holdings, represented by Branon Pesnell at Beau Box Commercial Real Estate. South Sherwood Holdings purchased the property from the La. Investment Group in March 2007 for $3 million. Those of us old enough to remember know that Bonfanti Fackrell constructed the building in the early 1980s and one of the original tenants was Jay Crow Realtors. According to Ben Johnson at NAI/Latter & Blum, the purchase price was an excellent buy for a good quality building. The fact that CJ Brown will owner-occupy the structure makes it even more attractive, says Johnson, noting that the expenses per month will be less than what the firm was paying at its current location.
Schlittz & Giggles, a well-known downtown eating and drinking establishment, has purchased a site to expand their operation in the Perkins Road Hardware development. Perkins Road Hardware sold the property to Brandon Landry and Jack Warner, the owners of Schlittz & Giggles for $195,000. According to Chad Ortte and Alex Knight with Donnie Jarreau Real Estate Company who brokered the sale, the property purchased was a 2,100-square-foot pad site that will be improved with a restaurant. The pad site will have access to the 120 parking spaces within the development. The sale price closed for $93.40 per square foot. Schlitz and Giggles intends to have their new restaurant by the Perkins Road Overpass up and open for the St. Patrick’s Day Parade.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
