Two office-warehouse buildings in the Industriplex in Baton Rouge have been sold to a group of New Orleans investors for $2.1 million in a deal that closed last week.
Industriplex Partners LLC bought the buildings at 11135 Industriplex Blvd. and 11931 Industriplex Blvd. in a deal that was filed Thursday with the East Baton Rouge Clerk of Court’s office. The seller was Morrison Development LLC.
Richard Juge, a managing member of Industriplex Partners, said the properties were bought as an investment. The building at 11135 Industriplex, which is 18,750 square feet, is 70 percent occupied; the property at 11931 Industriplex, which is 35,000 square feet, is 90 percent occupied.
“Industriplex is rock solid. We think it’s the best industrial address in Baton Rouge,” Juge said. “There are a lot of good things happening in Baton Rouge and we want to be a part of it.”