Written by the Daily Report Staff for the Baton Rouge Business Report | August 8, 2017

An office warehouse originally built by businessman Richard Lipsey on Exchequer Drive has sold for $2.97 million in deal that closed June 29.

Twelve Oaks Properties is listed as the purchaser of the property, according sales documents filed with the East Baton Rouge Clerk of Court. The seller is Casemore Family Properties II LLC. The building is located on Exchequer Drive near City Pork Southern Kitchen and Pie.

David Presac of Persac Properties represented the buyer. He could not reached before this afternoon’s publication of Daily Report PM.

Bobby Kirby, an agent/broker with Saurage Rotenberg Commercial Real Estate, represented the seller in the deal.

Kirby says his client—Casemore Family Properties—acquired the roughly 27,800-square-foot building about two to three years ago in a property exchange Lipsey, who received vacant land for the office warehouse. The seller held the property as an investment, Kirby says.

Bob Kirby, a commercial leasing and sales consultant with Saurage Rotenberg Commercial Real Estate, has over 37 years of sales and management experience.  Licensed in Louisiana and Mississippi, Bob is a member of the Mississippi Commercial Association of REALTORS® (MCAR); the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID); a candidate member of the Certified Commercial Investment Member Institute (CCIM); and an affiliate member of the National Association of REALTORS® (NAR) and NAR Commercial.

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).