A downtown building that had most recently been occupied by the East Baton Rouge Arts and Technology School has been sold for $3 million.
Super Hospitality Owner LLC bought the building at 400 North Blvd. from a corporation led by Bob Dean. According to records with the Louisiana Secretary of State’s Office, Super Hospitality Owner is led by Pravin G. Patel of Lake Charles. Attempts to contact Patel for comment were unsuccessful late Thursday.
Jim Allen, an agent with Saurage Rotenberg Commercial Real Estate who brokered the sale, said the new owner is not ready to say what he plans to do with the building.
The three-story, 42,500-square-foot building, which sits on about a half-acre, was built in 1956. It had been home for the Baton Rouge Savings and Loan, and from 2001 to 2006 it housed the EBRATS charter school.
For the past seven years, the building has sat empty. Dean put the building up for sale in 2008 with an asking price of $5.9 million. At one point, there was talk that the building would be demolished to make room for a parking garage for the 19th Judicial District Courthouse.
In recent months, a sign popped up on the building saying that the property was under contract for a sale. In October, the East Baton Rouge Parish Historic Preservation Commission recommended the building be named to the National Register of Historic Places, a move that would allow the property to qualify for federal tax credits to cover part of the cost of any renovation.
“It’s been a little while, but everything is all happening in downtown,” Allen said. “Things are hot with IBM coming in. There’s not very much property for sale.”