Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BATON ROUGE, LA-Coca-Cola Bottling Co. United Inc.’s imminent relocation to its new location near Baton Rouge Metro Airport is leaving its 345,000-square-foot plant in East Baton Rouge vacant and ready for sale. The 27-acre facility officially goes on the market mid-February, with an appraised value of $15 million.

Mark Hebert with locally based Kurz & Hebert Commercial Real Estate Inc. tells GlobeSt.com a small portion of the site at Interstate 12 and Airline Highway will be given over to Wal-Mart Stores Inc. through a temporary lease. Net lease rates are quoted at $3.50 per square foot. Otherwise, “the rest of it will be vacant and available, by about mid-February,” says Hebert, who has the listing.

Hebert says the facility already attracted the interest of Visconsi Cos. Ltd. in Pepper Pike, OH, a suburb of Cleveland. Tenant timing, however, was an issue and forced the real estate manager and developer to pull back. “Visconsi had a warehouse-retailer tenant lined up for the space, but the tenant said it could envision market entry around 2012, while Visconsi wanted someone in 2010,” Hebert explains.

Hebert says he’s been approached by others that want a piece of the asset. But Hebert says carving up the property would cause it to lose value. On the plus side, he continues, the location is great. On the other side, though, “it’s not the best time to be bringing a product to the market,” Hebert acknowledges.

Coca-Cola Bottling Co. United, headquartered in Birmingham, AL, has been in the plant since the 1970s, when the facility was built. Though the company expanded its Baton Rouge operations by 50,000 square feet in 2005, centralization of some of its bottling efforts led it to plan for a larger facility. The Coke bottler launched construction on a north of 800,000-square-foot facility on Plank Road last April. The total estimated costs for that construction top $170 million.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.