MIKE FALGOUST & ASSOCIATES COMMERCIAL REAL ESTATE

NEW NEIGHBORS CREDIT UNION SITE IN PORT ALLEN, LA

Neighbors Federal Credit Union has acquired an outparcel in front of the Walmart on La. Highway 1 between Port Allen and Brusly for the construction of a new branch. The 47,025-square-foot lot sold for $524,799, or $11.16 per square foot, in a deal that closed Dec. 22. Mike Falgoust and Justin Langlois with Mike Falgoust and Associates represented the purchaser. Ellis McKnight of Kurz & Hebert Commercial Real Estate Company represented the seller, Beaulieu Plantation. The lot has 210 feet of frontage along La. 1. Neighbors recognized the demand for a branch in West Baton Rouge Parish.

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