By james art A local investment group has purchased the former Sears parts and repair center on Industriplex Boulevard.
Litcom Real Estate Investments LLC purchased the property from Warmack-Baton Rouge for $1.7 million, according to sale documents filed Monday with the East Baton Rouge Parish Clerk of Courts.
Scot Guidry with Derbes Falgoust Commercial Real Estate brokered the transaction for the seller and Matthew Shirley with Saurage Rotenberg represented the buyer.
Shirley says the building will be the headquarters of a construction technology firm that is changing locations to expand. He could not reveal the name of the company.
The purchase consists of a nearly 20,000-square-foot building near Airline Highway.
Guidry narrates Daily report the last tenant in the building, Bell Mechanical Services, left because it had outgrown the space. The business has moved to Exchequer Drive near Rieger Road and Interstate 10.
“At the time (of Bell’s departure), the owner, who had never had any interest in selling, decided to sell,” Guidry says. “It wasn’t listed for sale yet, but it was going to be on the market when a buyer contacted us about it because they knew the tenant was moving out. The investor group that bought it was able to secure a tenant before the sale.”
The sale documents list Baton Rouge-area commercial real estate broker Gray Mullins as manager of Litcom Real Estate Investments LLC.