"It's a controlled access highway, and it's a very high growtharea, so the supply of intersections and corners is limited," Daytells GlobeSt.com. One of the other two corners is already builtout and the other is earmarked as the site for a Wal-Mart, so thebuyer is getting a site in an area with high barriers to entry andample promise because of the development there in recent years, Daypoints out.

The property, within the Crowley city limits, is alreadyentitled and is served by city utilities as a result of thedevelopment in the area. Besides being the last of the threecorners in the area, "this is the only one of this size that hasthis capability for future big-box retail," Day comments.

Day adds that the development site attracted several offers, allof them from prospective retail and office developers, before theseller ultimately chose Domus, which was represented by Jay Holman."Everybody saw it the same way, that the highest and best use ofthe property would be for retail/office," Day says.