Roman's Lebanese Greek Market at 5350 Government St. has a new owner. The Klein Family Trust sold to Government Street Properties for at $345,000, or a little more than $26 per square foot. Tony DeMarco with NAI/Latter & Blum Realtors brokered the property along with Beau Box of Beau Box Commercial Real Estate. Box, who represented the purchaser, says the owner was interested in acquiring Government Street property because of recent activity that has taken place in the area. Box says the purchase was made primarily based upon the site, which is located at Government Street and St. Landry Avenue. "Activity in this corridor has escalated due to Baton Rouge Community College, and the purchaser realized that future increases in value were forthcoming." The site has both "C1" and "C-AB" zoning to allow for the sale of alcoholic beverages.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
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