Lake Pointe Center, a 18,200-square-foot shopping center at 19900 Old Scenic Highway in Zachary that houses a Jambalaya Shoppe, Papa John’s and FASTLane walk-in clinic, among others, has been sold to Natchez, Mississippi-based investors for more than $2.26 million.
Randy Herring of Mike Falgoust & Associates Commercial Real Estate, who represented both the buyer and the seller in the deal, says there will be no immediate tenant changes as a result of the sale.
“That’s a very high-gross area in Zachary, and the buyers are picking it up as an investment property,” Herring says. “There are two suites that are currently vacant and have not been built out. We’ve got a couple people looking at occupying them, and we’re hoping to build them out soon.”
The buyers are Geronimo Hardwood Timber LLC and Vidal Davis, says Herring. The seller, Victoria Investment Properties LLC, built the center about eight or nine years ago, he says. Other tenants in the center include a salon, Studio 964, as well as an Allstate insurance office, Martha’s Bistro, Lake Point Nails and Sacha Cosmetics of Louisiana. The center sits on a parcel measuring about 1.5 acres.
—Steve Sanoski
Editor’s note: This story has been updated since original publication to correct the square footage of the shopping center. An earlier version stated it was 4,325 square feet. Daily Report regrets the error.
