A few years ago, a portion of the site that formerly housed Ciba-Geigy in St. Gabriel was purchased by ABIC, an investment group. The plant site was more than 150 acres, but only 24 acres had been developed with actual plant operation. The remaining area was held for future production. Recently a 10-acre parcel of the property was sold off by ABIC Holdings to LBTSW Realty for $500,000. The site fronts on the Ciba-Geigy access road, just off La. Highway 30. The new owner intends to construct a truck terminal on the site. The sale closed on July 28, and the purchaser was represented by Don Hanna with Sealy & Falgoust Real Estate. ABIC Holdings was represented by Edward Rotenberg at Sealy & Falgoust Real Estate. The ABIC still has large vacant tracts available for development. The plant site is available for lease or purchase. The plant site improvements include a 43,000-square-foot warehouse zoned for heavy industrial use, and a 16,000-square-foot office building. The site also has river, rail and pipeline availability. Interest in the remainder of the site has been good, according to Rotenberg.
—Geaux Clean, a local carwash operator, has purchased a site on Sullivan Road near Wax Road. The 42,611-square-foot site sold Wednesday for $426,110 or about $10 per square foot. The listing agent was Justin Langlois at Sealy & Falgoust Real Estate. The selling agent was Chris Pike at Latter & Blum Realtors. The seller, Acadiana Development of Central, had purchased a larger tract and subdivided it into smaller sites. This nearly one-acre site is a sell-off of the parent tract. The new owner will begin construction of a touchless car wash within the next 60 days.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
