For the second time this year, Logan Babin Real Estate and Hank Babin have brokered a 7-digit transaction on the corner of US Highway 90 and LA Highway 316. Today, Highland Oaks Commercial, LLC sold 12.7 acres of property to Labmar Properties, LLC for $1,750,000.00 for a future office of Laborde Marine and possible other potential commercial development.
In April of this year, Logan Babin Real Estate brokered the sale of the same property as part of a larger transaction of 83+ acres of development land and 300+ acres of accessory use land. That property was subdivided by the buyers for the future development of single-family residential housing as well as 12.7 acres for commercial development.
“We are humbled that the original buyers had enough faith in our firm to turn around and hire us to market their commercial property,” Logan H. Babin, Jr., Broker of Logan Babin Real Estate, said. “And we are pleased to once again connect a buyer and a seller to further the economic development of South Louisiana along the Future I49 corridor.”
The Houma-Thibodaux MSA is booming with commercial and industrial development, especially along the Hwy 90/Future I49 corridor. Site selection is critical for economic success. And so is choosing the right professionals to assist you.
If you are in the market to buy or sell commercial or industrial real estate, give our team a call at 985-872-4597. You will soon see why we say: Logan Babin Real Estate – Local Knowledge. National Reputation.
