The industrial services company DFG Enterprises sold the facility it occupies at 35598 LA Hwy. 30 in Geismar, LA to LARECO, owned by Nick FaKouri. The 13,952-square-foot building sold for just over $1 million, or $75 per square foot. The purchaser was represented by Steve Legendre, managing broker of Sperry Van Ness | Graham Langlois and Legendre. The building was occupied by Furmanite, a national industrial maintenance contractor, which signed a new lease prior to the sale closing and will continue to occupy the property.
“The purchaser liked the stability of the tenant and the fact that the industrial market in this corridor is very active,” Legendre says. “The new owner will do some tenant improvements, including adding some additional limestone paving to be used as a ‘lay down’ yard. Other than [needing] some minor renovation, the building was in good condition.”