The Texas developer that bought a tract of land next to Towne Center and put a Starbucks Coffee and Newk’s Eatery on the site has sold the property for an undisclosed sum.
The sale price of the 1.7-acre site was omitted from the paperwork that was filed Wednesday with the East Baton Rouge Clerk of Court’s Office. VRE Corporate Blvd. LLC of Southlake, Texas, sold the property to 12 companies, all controlled by members of the Adair, Boddie and Colbert families. Carleton and Elizabeth Boddie Adair live in Greenville, South Carolina, while George and Sandra Pierce Boddie live in Pass Christian, Mississippi, and John and Cala Boddie Colbert live in New Orleans.
VRE Corporate Boulevard bought the site in June 2014 for nearly $1.7 million from the former Teche Bank, which had long planned to build a branch on the land. VRE built a 6,350-square foot shopping center that Starbucks and Newk’s moved to in March.
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