A Rouses Supermarket will anchor a shopping center on a 17.5-acre site at the corner of West Lee and Burbank drives that sold for $6.2 million to an Arizona-based real estate developer.
Murphy Oil USA has purchased a 1.8-acre site at West Lee and Burbank Drive for $1.8 million.
Eisenberg Co. bought the land in a deal that closed Friday, said Ben Graham, an agent with SVN/Graham, Langlois and Legendre. Graham and Justin Langlois are handling leasing of the 125,000-square-foot shopping center.
This is Eisenberg's first development in Louisiana. The company has shopping centers it leases and manages in Arizona, Colorado, Idaho, New Mexico and Texas.
Construction is expected to start in the next 60 days, Graham said, with the shopping center being turned over to tenants in the second quarter of 2018. Tenants for the property will be announced soon.
“We’re close to some leases with national tenants,” he said, noting there has been interest from restaurants, fitness centers and service businesses. “Rouses going in bumped it up a lot. They’re a quality product and they do a good job.”
Graham said the shopping center will have a big impact on south Baton Rouge. “The area is really underserved from a retail standpoint,” he said. Thousands of student apartments have been built along Burbank and Ben Hur, and there are a lot of young families living in neighborhoods such as Riverbend, University Club, the Preserve at Harveston and along Highland Road.
“Harveston and University Club are about three or four miles away, but if you’re shooting up Nicholson, you can be there in five minutes,” he said. “That’s not long at all.”
This will be the 11th Rouses in metro Baton Rouge. The Thibodaux-based chain opened locations in Juban Crossing in Denham Springs and Long Farm Village on Airline Highway. In October, the company bought the nine local LeBlanc’s Food Stores. The two stores in Gonzales and one each in the Drusilla Shopping Center, Prairieville, Zachary, Donaldsonville, Plaquemine and Plattenville have been rebranded.
Donny Rouse, chief executive officer for Rouses, declined to comment on the new store, saying no deal has been signed yet.