Renaud Drive commercial building sold for $7.5 million; see the sellers, buyers | Business

A large commercial building along North University Avenue was sold to a national company for $ 7.5 million, land registry records show.

Sealy & Company, which owns state real estate and has an office in Shreveport, bought the 67,107 square foot warehouse on N. University Ave. In an off-market transaction in 1811, Sealy & Co. announced.

The sellers were Davis-Goodall LLC, which lists Angi Davis, widow of longtime real estate agent Hammy Davis, as one of its chief executives. Sal Crifasi with Capstone Investment Partners brokered the deal.

The building is one of the few properties in Lafayette that is class A and represents the highest building quality on any market. The building is 100% occupied and has first-class building characteristics, and the industrial property is an ideal addition, company representatives said.

The transaction did not include Hero’s Point, the adjoining 21 acre property owned by Davis-Goodall LLC.

“I think this acquisition of Lafayette pays tribute to the Louisiana roots in which Sealy & Company was founded and has operated for 75 years,” said Scott Sealy Jr., chief investment officer for the company. “Lafayette is a small but robust industrial market driven by its competitive geography and limited supply.”

According to its website, Sealy & Co. has properties in Gonzales, Covington, and the New Orleans and Shreveport areas.