Baton Rouge Business Report | August, 2010
Brickyard Properties, of which Chad Ortte is the managing partner, has purchased the building currently occupied by St. Vincent de Paul at 1010 Nicholson Dr.
Brickyard purchased the 18,398-square-foot building for $475,000, or about $26 per square foot. The property, which is zoned M1 for light industrial, is located near the Interstate 10 Mississippi River bridge.
St. Vincent de Paul will continue to occupy the building, which at one time housed Montalbano Produce, until a formal redevelopment plan is announced. The seller was Mickey Montalbano, who was represented by Hank Saurage of Saurage Commercial Real Estate.
Hank Saurage obtained his Real Estate Sales License in 1984, followed shortly thereafter by his Real Estate Broker’s License in 1986. To further expand his business, he then obtained his Real Estate Broker’s License in Mississippi in 1997. In 1990, Hank earned the CCIM (Certified Commercial Investment Member) designation from the Certified Commercial Investment Member Institute. He is also a member of the Louisiana Commercial Data Base (LACDB), the National Association of REALTORS® (NAR), and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
Saurage Commercial Real Estate was founded in Baton Rouge in 1991 with the purpose of providing exceptional real estate services with an emphasis on commercial property and property management. Saurage Commercial Real Estate offers to its clients a full range of real estate services including brokerage, investment advising, development consulting, REO disposition specialists, asset management, fee based consulting, tenant representation, and buyer representation. The staff of professionals includes combined experience of 50 years, as well as CCIM Designees and Candidates and recipients of Master of Business Administration.