A Monroe developer has bought nearly an acre of land in The Greens at Millerville with plans to lease the property to a restaurant.
3B Millerville, represented by James Moore Jr., of Monroe, bought the land for $925,000 in a deal that was filed Friday with the East Baton Rouge Parish Clerk of Court’s Office. The seller was Appropriate Real Estate, the company headed up by Windy Gladney, who is developing The Greens at Millerville.
Moore is working on a lease with a restaurant operator, but nothing has been signed, said Jonathan Walker, of Maestri-Murrell, who represented the buyer. Charlie Colvin, of Beau Box Commercial Real Estate, represented Gladney.
He’s also set to close in July on a similar-size tract of land adjacent to his Millerville property, Walker said. Moore is regional director of operations for InterMountain Management, a hotel development and management company with more than 50 properties across the U.S.
Walker said Moore and his investment group “believe they have purchased a great piece of real estate that will increase in value, especially once the entire development is complete” because of the co-tenants and the visibility and access from Interstate 12.
The Greens at Millerville is being built on the site of the old Fairwood Country Club. Plans call for 320 apartments and 393,000 square feet of retail and office space to be built on roughly 54 acres. Buc-ee’s is set to go into the development.