Wal-Mart buys Coursey property for new store
Wal-Mart, which submitted plans in August to build a Neighborhood Market on Coursey Boulevard, has purchased a 5.4-acre site near the intersection with Sherwood Forest Boulevard for $2.1 million.
The Wal-Mart Real Estate Business Trust bought land that included the old Semolina Restaurant building in a deal that was filed Tuesday with the East Baton Rouge Parish Clerk of Court’s Office. The seller was Six G’s LLC, a group headed up by New Orleans businessman Gary Solomon.
Wal-Mart has submitted plans to the city-parish Department of Public Works Inspection Division to build a 43,101-square-foot Neighborhood Market on Coursey. Wal-Mart already has a Neighborhood Market at 14241 Coursey, about 2 miles from the new location. The store at 9380 Old Hammond Highway is about 2.6 miles away.
A Wal-Mart spokeswoman said the company has announced no plans for a new Baton Rouge store.
Zachary shopping center gets new owners
A Zachary shopping center at 5460 Main St. has been sold for $2.9 million.
The J.B. Levert Land Co., of Metairie, bought the 4.8-acre site in a deal that was filed Tuesday with the East Baton Rouge Parish Clerk of Court’s Office. The seller was ZSCP LLC, of New Orleans, which bought the center in November 2013 for $2.2 million.
The shopping center has a number of national tenants, including Stage Department Store, Whitney Bank, Waffle House, Church’s Chicken and Dirt Cheap.
J.B. Levert’s roots go back to leasing land in Lafourche and St. Charles parishes to sugar cane farmers, but the company now owns more than 600,000 square feet of commercial real estate in Louisiana and across the South.