BATON ROUGE, LOUISIANA COLLIERS INTERNATIONAL AUCTION NOW LIVE ON TEN-X LINK TO AUCTION SITE Bidding dates november 5-7, 2018
BON CARRÉ TECHNOLOGY CENTER Bon Carré Technology Center (Bon Carré) presents a unique value-add opportunity in the southeastern U.S. and the ability to acquire critical mass in a single offering. Comprising approximately 712,920 square feet of technology, data center, office, and co-working space, Bon Carré is the tech industry hub for Baton Rouge and the Gulf region. A former regional shopping mall completely transformed into a cutting edge campus, Bon Carré offers qualified investors an institutional asset at a significant discount to replacement cost with in-place cash flow anchored by the stability of Fortune 500 companies. Located minutes from Louisiana State University, Southern University and the Louisiana State Capital, Bon Carré serves the thriving business city of Baton Rouge, the state of Louisiana and the gulf coast region. Situated on approximately 43 acres, the property is anchored by Venyu s BTR1 Flagship and BTR2 commercial data center and corporate headquarters. Comprising approximately 53,000 square feet with fully redundant power and a staffed security and network operations center, Venyu is positioned as the premier data center in the Gulf States.
PREMIER INLAND DATA CENTER
BON CARRÉ - INVESTMENT HIGHLIGHTS INVESTMENT ATTRIBUTES Opportunity to purchase an institutionally owned and operated, state of the art office campus below replacement cost. Strong national credit tenancy and staggered lease expirations provides a balance of stable cash flow with future upside through lease up of quality vacant space. Premier inland data center tenant, Venyu provides disaster relief and data security for the Gulf States. Venyu was a major factor for key tenants choosing Bon Carré such as Blue Cross Blue Shield, LA Tech Park, H&E and Turner Industries among others. Louisiana Technology Park, the fourth largest tenant at Bon Carre, serves as the exclusive business incubator program for growing technology and reative companies, and is supported by State and regional economic development offices. Located within the approved Opportunity Zone, which can provide significant tax advantages. VENYU is a technology solutions provider for colocation, cloud hosting, cloud backup, managed hosting and disaster recovery/business continuity.
MARKET ATTRIBUTES Baton Rouge MSA provides stability as home of the Louisiana State Capital, Louisiana State University, Southern University and a vibrant petrochemical hub with the ExxonMobil Baton Rouge Refinery, the fourth-largest refinery in the US. Central location within Baton Rouge and greater Southeastern US with close proximity to Interstate 10, Interstate 12, Baton Rouge CBD and Baton Rouge Metropolitan Airport. Located less than a mile from Bon Carré, Ardendale is a 198 acre master planned community which will include housing, retail, and two educational facilities. PHYSICAL ATTRIBUTES Abundant parking ratio of 5.02/1,000, laid out in a campus style setting along with numerous entry points, which creates convenient access for tenants throughout the building. Set on the same power grid as two major hospitals, the LA Department of Public Safety, and the Governor s Office of Homeland Security and Emergency Preparedness Compliance. Institutionally maintained office campus with attractive Moorish style construction, historic French architectural notes and manicured landscaping. Prime frontage along Florida Boulevard with 47,949 vehicles per day.
Baton Rouge is the capital of Louisiana and a central hub for the state located just an hour from New Orleans and Lafayette. Baton Rouge is the second largest city in Louisiana, with a population of around 820,000 residents. French, Spanish, Creole, and Native American cultures provide a rich cultural background for the city and meld to make up its unique food, culture, and arts. Baton s Rouge s central location, both in the state of Louisiana and in the Deep South, make it a business hub. The largest industry in the city is the petrochemical industry, and it is home to ExxonMobil s refinery complex, the fourth largest oil refinery in the country, and five miles northwest of Bon Carré. Other chemical companies with a presence in the area include Albemarle Corporation, which has its headquarters in Baton Rouge, and Dow Chemical Company, which has a large plant 18 miles south of Baton Rouge. Supporting the industry is the Port of Greater Baton Rouge, which is the furthest inland port on the Mississippi River that can accommodate ocean-going tankers and cargo carriers. While upstream oil and gas companies face setbacks due to the low price of oil, downstream refining companies continue to grow and invest, producing the chemicals and products essential to our everyday lives. The presence of these large international companies provide a ripe environment for startup technology companies presenting unique solutions for the industry as well as support services such as legal, accounting, and consulting services. Bon Carré s variety of spaces from co-working options to large suites can provide a home for companies seeking to locate or relocate within reach of these large corporations. Although Baton Rouge is known for its dominance in the petrochemical industry, its economy is diverse and includes over 20,000 businesses in finance, healthcare, education, manufacturing, research and development, and other industries. Many technology and finance companies began as support for the petrochemical industry, but have grown to apply their solutions to other industries. With $100 billion of announced developments in the state of Louisiana, Baton Rouge s central location makes it poised for a great period of economic growth.
MISSISIPPI RIVER SOUTHERN UNIVERSITY TRAVEL TIMES BON CARRÉ TECHNOLOGY CENTER NEW ORLEANS, LA - 1 HOUR HOUSTON, TX - 4.5 HOURS EXXONMOBIL BATON ROUGE REFINERY ARDENDALE STATE CAPITAL BON CARRÉ TECHNOLOGY CENTER RETAIL RETAIL LOUISIANA STATE UNIVERSITY
As Louisiana s capital city, with a diverse demographic of nearly 820,000 residents, Baton Rouge s melding of French, Spanish, Creole, and Native American heritage has created a unique culture that is celebrated by residents and visitors alike. BON CARRÉ TECHNOLOGY CENTER DISTANCE FROM BON CARRÉ New Orleans, Lousiana 80 Miles Houston, Texas 273 Miles
SITEPLAN ASSET PROFILE HARRY DR PROJECT NAME ADDRESS SUBMARKET Bon Carré Technology Center 7117-7173 Florida Blvd. Baton Rouge, LA 70806 Greater Baton Rouge North LAND AREA 43.192 acres TOTAL SIZE (OFFICE) 712,920 SF LOBDELL BLVD TOTAL AVAILABLE/ LEASABLE SF (OFFICE ONLY) 232,471 SF OCCUPANCY 67.4% YEAR BUILT / REPOSITIONED 1960 / 2003-2006* CLASS A HOLMES DR STORIES 3 PARKING RATIO 5.02/1,000 *completely renovated FLORIDA BLVD NOT INCLUDED IN OFFERING CROSS EASEMENT PARKING WITH COX COMMUNICATIONS
CREIGHTON STARK 214 706 6029 creighton.stark@colliers.com CHRIS L. BOYD 214 706 6047 cl.boyd@colliers.com JOHANNA RAMIREZ 214 706 6048 johanna.ramirez@colliers.com LOUISIANA BILL SANDERS, CCIM 225 237 3343 bsanders@beaubox.com JESSIE HYNES BABCOCK 225 237 3352 jbabcock@beaubox.com COLLIERS INTERNATIONAL 1717 McKinney Ave, Ste 900 Dallas, TX 75202 www.colliers.com/dallasfortworth