Article submitted by Carmen R. Austin, MBA, CCIM, Associate Broker and Retail Specialist for Saurage Rotenberg Commercial Real Estate
Written by Sam Karlin for The Advocate | April 2, 2018
The owner of the former Golden Corral site on Sherwood Forest Boulevard has plans for an 18,000-square-foot shopping center at the location.
The Shoppes at Sherwood will feature 11 spaces averaging 1,600 square feet each at the site, with rents ranging from $20 to $25 per square foot. Carmen Austin, of Saurage Rotenberg Commercial Real Estate, said the developer plans to break ground later this year.
Austin said she is currently in talks with a national coffee user, national pizza concept and other prospective tenants. Plans call for a courtyard at the property with a 3,110-square-foot space suitable for a full-service restaurant anchor.
The owner of the property, Tributary Holdings, LLC, had previously listed the Golden Corral building for sale for about $1.8 million after the restaurant closed the location and opened at a development on Millerville Road. Instead, Austin said the firm plans to demolish the building and construct the ground-up shopping center, though the demolition could change once cost estimates come back. The development is currently in pre-leasing stages.
“We’ve had a lot of interest from smaller users and we think it has excellent demographics and is a high trafficked location,” Austin said.
The site, on Sherwood Forest between Siegen Lane and Coursey Boulevard, is next to an existing shopping center home to Bay Leaf Indian Cuisine.
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Carmen R. Austin, MBA, CCIM has been a practicing commercial real estate broker since 2001. She is a graduate of the Louisiana State University (LSU) E.J Ourso College of Business and the LSU Flores Masters of Business Administration (MBA) Program with a specialization in Entrepreneurship and Real Estate Finance. Her experience includes past employment as Regional Director of Leasing at Commercial Properties Realty Trust, the for-profit arm of the Baton Rouge Area Foundation. Carmen is a graduate of the Jay W. Levine Leadership Development Academy, Class of 2011, and served as the 2010 President of the Louisiana CCIM Chapter. She currently serves on the National CCIM Institute Board of Directors and the CCIM Institute Education Foundation Board of Directors.
Carmen’s affiliations include Louisiana REALTORS, Greater Baton Rouge Association of Realtors Commercial Investment Division, International Council of Shopping Centers, Commercial Real Estate Women, Certified Commercial Investment Member Institute, National Association of REALTORS, and Urban Land Institute. She is also an active volunteer on the Board of Directors for the Baton Rouge Gallery, LSU MBA Alumni Association, Junior Achievement of Baton Rouge, and the Junior League of Baton Rouge.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
