Price LeBlanc heirs buy Citiplace office building

A group of investors, made up of the heirs of auto dealer Price LeBlanc, has purchased a Citiplace office building for $7.825 million.

Wolf Et Al L.C. bought the Citiplace III building at 6100 Corporate Blvd., said Charles Bondy. Bondy, who is LeBlanc’s son-in-law, is listed as being a member of Wolf Et Al, along with Price Jr., Clifton and Brent LeBlanc.

Ty Gose and Jonann Stutzman, both of NAI/Latter & Blum, brokered the deal.

BancorpSouth is the largest tenant in the 50,600-square-foot office building. Bondy said the building is 86 percent occupied.

“We have no plans to make any changes, other than filling up the empty suites,” he said. That shouldn’t be a problem. Citiplace III is 12 years old, and demand for office space on the Corporate Boulevard corridor is strong, Bondy said.

The principals in Wolf Et Al were also involved in last year’s purchase of 67.8 acres of land at Burbank and Lee drives. Like the Citiplace deal, Bondy said that was an investment move for the family. “We don’t plan to start developing land,” he said.