Written by Tom Cook for the Baton Rouge Business Report | January 4, 2017
Capital Electric Motor Services has purchased a new location at 7659 Airline Highway and sold its old location at 9064 Mammoth Ave.
The Airline Highway property, formerly occupied by GM Varnado & Sons, sits on 1.5 acres and consists of a 15,000-square-foot building made up of office and warehouse space. Capital Electric purchased it for $375,000. Troy Daigle at Donnie Jarreau/Latter & Blum represented the seller, and Bill Jeansonne with Saurage Rotenberg Commercial Real Estate represented the buyer.
In a separate transaction, Capital Electric sold its Mammoth Avenue location for $285,000, or about $33.50 per square foot. The 8,500-square-foot building sits on two lots and has a combination of office and warehouse space.
The property will be occupied by Premier Service Team, a roof restoration and maintenance contractor that currently leases space in the Industriplex area. It “will give them the opportunity to own their own shop and expand,” says Daigle, who represented both the buyer and seller.
Bill Jeansonne, a native of Alexandria, Louisiana, received both his undergraduate degree and master’s in business administration (MBA) from Louisiana State University (LSU). Bill has 18 years experience in the commercial and industrial real estate business and 14 years experience in commercial and industrial warehouse design and sale of handling equipment. His specializations include commercial and industrial development, brokerage, and leasing, as well as lease negotiations and tenant build outs.
A Designee member of the Certified Commercial Investment Member Institute (CCIM), Bill’s professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU MBA Alumni Association, a founding member of the board of managers for the Louisiana Commercial Data Base (LACDB), a member of Louisiana REALTORS® (LR), a member of the National Association of REALTORS® (NAR), and a member of the International Council of Shopping Centers (ICSC). Bill has also served as a president of CID, a chairman of the CID Trends Program, a chairman of the LSU MBA Alumni Association Louisiana Looking Up Program, and on the Baton Rouge Area Chamber (BRAC) Trends committee. His current civic affiliations and past service include board chairman of the Baton Rouge Speech and Hearing Foundation and president of the Capitol SERTOMA Club of Baton Rouge. He is currently a member of the Cadets of the Ole War Skule, an alumnus of Omicron Delta Kappa (OΔK), and a member of the Lakeshore Lions Club.
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).
