Owners of property in the proposed Baton Rouge Medical District in the Essen Lane, Perkins Road and Bluebonnet Boulevard areas are welcoming the new development concept, but are taking the proposal with a grain of salt, says Geordy Waters, a broker with Waters & Pettit who manages several homeowners associations in the area.
Car Wash to Replace Sonic on Burbank
Baton Rouge Business Report, by Steve Sanoski
A Sonic drive-in restaurant formerly located at 10603 Burbank Dr., which was damaged and closed by a fire in November 2011, will soon be demolished and replaced with a new business. Geaux Clean Express Car Wash, represented by company President Stuart Carter, purchased the site on Thursday for approximately $700,000, according to Chris Pike of Mike Falgoust & Associates, who represented the car wash in the deal. Robert Pettit of Waters & Pettit Commercial Real Estate represented the seller, SDI Development. "By the end of next week, the Sonic should be gone, and construction on the car wash is going to begin immediately after," Pike says. "They hope to have it completed and open by the end of the year." It will be Geaux Clean's third location. Pike says the first opened in Central about a year and a half ago, and a second location opened in February on Highland Road, between Airline and Jefferson highways. The Burbank site is located just across from where Walmart has begun construction on its latest Capital Region store, at the Bluebonnet Boulevard intersection.
A 5,329-square-foot office warehouse at 6971 Exchequer Dr. has sold for $512,500
Article by Tom Cook, The Baton Rouge Business Report
A 5,329-square-foot office warehouse at 6971 Exchequer Dr. has sold for $512,500, or about $96 per square foot. The seller was Redfield E. Bryan-Exchequer LLC, and the purchaser was KCSF Investments LLC. The buyer was represented by David Palmer of Gully, Phelps & McKey Realtors, and the seller was represented by Drew Pearson of Waters & Pettit Commercial Real Estate. Palmer says the new owners operate the Acadian House Kitchen and Bath Studio, and are relocating their business there from their current location, which is being expropriated with the extension of Stumberg Lane.