MIKE FALGOUST & ASSOCIATES COMMERCIAL REAL ESTATE

FORMER PIZZA HUT SELLS

A 1,829-square-foot former Pizza Hut at 4763 Airline Hwy. sold for $140,000, or about $76.50 per square foot, in a deal that closed May 4. Scot Guidry with Mike Falgoust and Associates brokered the transaction. The seller was Henry G. Mc-Kowen, and the buyer was Jeannie Tran, who also owns adjacent properties occupied by Scallan's Meat Market. Tran plans to reopen the location in the coming months as a hamburger/pizza/seafood restaurant, Guidry says. The property, on the north side of Airline between North Foster Drive and Plank Road, has been vacant since January, when a dispute between Pizza Hut and local franchise owner Larry Lundy led to the closure of 44 locations in the Baton Rouge and New Orleans markets, including 16 in the Capital Region.

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