Derbes Falgoust
Gulf South Commercial Real Estate Team
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Six buildings off Perkins, including home of Frankie Marcello’s, sell for $1.4M

The building that houses Frankie Marcello’s restaurant and five adjoining office condos in the the Bois de Chene office park at 7520 Perkins Road, near the Staring Lane intersection, have transferred hands from one investor to another in a deal that closed Thursday. The restaurant’s operations are not expected to be affected by the sale, and the co...
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Kirk's Tires sells Airline property for $3M, plans move to new location south of I-12

After more than 20 years in business at 9555 Airline Highway, Kirk's Tires and Accessories has sold its 58,000-square-foot property and is relocating to a new site on Airline, south of Interstate 12. Brewster Holdings Baton Rouge LLC, acquired the property from Kirk's in a transaction that closed Tuesday. The sale price was $3 million. Kirk's owner...
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Cook: Louisiana Culinary Institute buys office warehouse

Event Holdings LLC, an affiliate of the Louisiana Culinary Institute, has purchased an office warehouse on a 1 acre site at the corner of Jefferson Highway and Arnold Road. The seller, Topaz of Louisiana Inc., was represented by Scot Guidry of Mike Falgoust & Associates Commercial Real Estate. The culinary institute was represented by Bobby Smi...
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Louisiana Leads Nation in Industrial Construction Value

Louisiana led all U.S. states in the value of industrial construction projects during 2013 and was ranked second overall for all commercial construction, according to a new report released Tuesday. Nearly $4.9 billion in direct industrial construction spending happened in Louisiana last year, well ahead of Iowa, which was second with just over...
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Central shopping center sells for $2.47M

Central's City Market Shopping Center, located at 18564 Magnolia Bridge Road, has been sold for approximately $2.47 million, says Justin Langlois of Mike Falgoust & Associates Commercial Real Estate, who represented the seller in the deal. Built in 2007 and patterned off of a shopping center in Destin, Florida, City Market is located 2.5 miles ...
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