NFCU ACQUIRES SITE IN CITY OF CENTRAL, LA
Neighbors Federal Credit Union has purchased a site in Central
to construct a new branch. The site, located near the corner of Wax
and Sullivan roads, was purchased last week for just over $1
million, or about $14.65 per square foot. The property was
purchased from ExxonMobil and had to receive approval for access to
Wax Road from the Louisiana Department of Transportation. According
to Justin Langlois and Mike Falgoust with Mike Falgoust
& Associates, who brokered the transaction, the
closing took over a year to complete. It was difficult to get all
the approvals that were necessary, but Neighbors recognized that
they could take advantage of the traffic at the intersection of Wax
and Sullivan, through which pass over 30,000 cars per day, says
Langlois.
Mike Falgoust & Associates - facebook