RaceTrac has purchased a Capital One bank branch building at Coursey and Sherwood Forest with plans to build a convenience store on the site.
Atlanta-based RaceTrac has 15 convenience stores across metro Baton Rouge, and recently bought a site for another store at Airline Highway and Tom Drive.
The plan is to demolish the bank branch and build a 47,000-square-foot convenience store on the site, said Mark Hebert of Kurz & Hebert Commercial Real Estate. Hebert represented RaceTrac and Corporate Realty represented the seller. The shopping center is owned by Commercial Properties Realty Trust, the for-profit real estate arm of the Baton Rouge Area Foundation.
RaceTrac paid $1.55 million for the land.