Written by Caitie Burkes for the Baton Rouge Business Report | December 31, 2018
An office building on Corporate Boulevard sold for $4.9 million in a deal that closed today.
Dupre plans to renovate the eighth floor, which is currently vacant and available for a new tenant, says Carmen Austin, a broker with Saurage Rotenberg Commercial Real Estate. The building is 72% occupied, with tenants like Stonetrust Commercial Insurance, CVS, Medical Resources and Guidance, Inc., and Sexual Trauma Awareness and Response.
Austin represented both the buyer and seller in the transaction, which was financed by Dennis Shill of First Bank and Trust.
Built in 1972, the office building underwent a major renovation in 2016 and was subsequently rebranded as the Stonetrust building in honor of its commercial insurance tenant.
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).