An 8,400-square-foot shopping center in Zachary has been sold for $888,000 to a group of local investors.
Zachary Commerce Square LLC of Baton Rouge purchased the shopping center at 2060 Church St. in a deal that was filed Monday with the East Baton Rouge Clerk of Court’s office. The seller was Equity Trust Co., which was acting as a custodian for the self-directed individual retirement account of David L. Gaines Sr. of Westlake, Ohio.
The shopping center, located in front of LeBlanc’s, is fully occupied by a number of retail and service businesses, said Randy Herring of Mike Falgoust & Associates, who represented the buyers. Tenants include Merle Norman cosmetics, Real property management, Zachary Martial Arts and Swing Along Kids, a children’s and maternity consignment store.
Herring said the new owners bought the center as an investment.