The proposed 84-acre Sunshine Business Park sold to KEAS for $1.7 million—about $20,000 per acre—on Friday, according to Ben Stalter with Maestri-Murrell Real Estate Company. The seller was the Guillot family. The property is located near the foot of the Sunshine Bridge on the Donaldsonville side of the Mississippi River. The proposed development will cater to light industrial users and will be subdivided into one- and two-acre lots. One of
the frontage tracts has been sold to Comfort Inns for $285,000, or about $3.25 per square foot. Construction on the hotel should begin shortly, with completion scheduled by the end of the year. Road construction for the remainder of the development is currently under way.
—A little more than a year ago, E Federal Credit Union purchased 2.7 acres on La. Highway 64 in Zachary near the new library branch. E Federal constructed a new building and had some excess land, a portion of which has been sold to American Gateway Bank for $415,000, or about $12.21 per square foot for 0.7 acres. Mike Falgoust with Sealy Falgoust represented the seller. Kirby says there is additional land available which is suitable for a professional office park.
—The Country Club II Apartments on Alvin Dark Avenue in Tigerland sold Monday for $1.25 million, or about $39,000 per unit. The selling agent was Justin Langlois with Sealy Falgoust Real Estate Company. The seller was Coley E. Scott Jr., and the purchaser was Mar Realty, LLC. This sale comes after the Tiger Plaza and Stadium Square apartments were sold last month.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
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