X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON- Houston-based Huntington Properties has represented J.B. Levert in the sale of 2.52 acres for the development of a $1.5-million, 14,700-sf shopping center in Thibodaux, LA. The site abuts a Wal-Mart Supercenter.

Jamie Bouterie, broker with Huntington tells GlobeSt.com that buyer is Rousse Land Development of New Orleans. The acreage is located along North Canal Boulevard just north of LA 308. Dirt will fly Sept. 1 and deliver in February 2002. The center is already 65% pre-leased. Bouterie already has lined up Alabama sporting goods retailer Hibbetts Sports, Radio Shack, Subway and Advance Cash America.

Last month, Huntington broke ground another Louisiana project at Lake Charles. The 119,696-sf retail center will be anchored by 64,842-sf Albertsons. The project includes one 41,000-sf pad site and 13,854 sf of inline retail.

Huntington is working Albertsons developer Elliott Medgal & Associates of Beverly Hills, CA on the Lake Charles project. In addition, a 3.4-acre tract on the southeast corner has been sold to Realm Realty, where plans are afoot to build a Walgreens.

Huntington has a history with Megdal in Houston and the surrounding areas. The duo has acquired land in Conroe, Baytown, Pearland, Friendswood, New Braunsfel and Sulphur for Albertsons’ anchored-centers. Bouterie says Megdal develops the inline retail and then sells the projects upon completion and lease-up.

The Sulphur, TX center, a 15,500-sf property was completed in 2000 and is 100% occupied. Now, it’s up for sale, says Bouterie.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.