The owners of Thai Kitchen, a popular Thai restaurant and karaoke lounge, have purchased the old Phil’s Oyster Bar building on Concord Avenue and plan to move their business.
Kiatisak Sanguanruang and Punnee Arsanathong bought the building at 4550 Concord Ave. for $625,000, according to documents filed Tuesday with the East Baton Rouge Clerk of Court’s office. The seller was Heck Properties LLC of Baton Rouge, represented by Wallace E. Heck Jr.
Grey Hammett of Mike Falgoust & Associates Commercial Real Estate represented the sellers, while Chris Shaheen of Saurage Rotenberg Commercial Real Estate represented the buyers.
The Thai Kitchen will move into the new space by October, Shaheen said. The restaurant is currently in the Southdowns Village Shopping Center, but the lease expires Oct. 15.
Thai Kitchen is moving because Sanguanruang wanted to own his restaurant instead of paying rent, Shaheen said, plus, there were parking issues in Southdowns Village.
Sanguanruang wanted to buy a building on Bennington Avenue, but the deal fell through. After that happened, Shaheen said they returned to the Concord Avenue property.
“Where else can you get a 6,000-square-foot solid building?” Hammett said. That’s similar in size to the current Thai Kitchen location.
Phil’s Oyster Bar closed in summer 2007, a few months before longtime owner “Gus” Piazza Sr. died. Although there had been several attempts to relaunch businesses in the property, nothing stuck.
“She’s a great old girl that has been dark a long, long time,” Hammett said. “The owners are happy with the deal and I think the new owners will do well with it.”
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