Several principals of Altus Wealth Management have purchased a 6,000-square-foot building on Bluebonnet Boulevard for a little more than $1 million, with plans to move the business there.
Principals from Altus, which had been based on Siegen Lane, bought the building at 4208 Bluebonnet from Dantin-Bruce Construction, said Chris Pike of Mike Falgoust & Associates Commercial Real Estate. Pike represented Dantin-Bruce in the deal, while Doug Ferris of Re/Max First Commercial represented the Altus partners, who include former LSU football players Mickey Guidry and Jesse Daigle, along with Charles “Wally” McMakin, John Reeder, Ronnie Brown and John Stewart.
The deal was filed Monday with the East Baton Rouge Clerk of Court’s Office.
“This was a custom job that Dantin-Bruce did for Altus,” Pike said.
Altus is moving into the Bluebonnet Palms Office Park, an office condominium development Dantin-Bruce has been working on near the intersection of Bluebonnet Boulevard and Jefferson Highway. While there had been about 43,000 square feet of space in Bluebonnet Palms, Pike said 12,000 square feet remain and he’s talking to a doctor about taking half of that space.
“Bluebonnet is a very desirable office market,” Pike said. “Ninety-five percent of it is owner-occupied.”
The market for small garden office space on Bluebonnet for financial service companies, dentists and other professional tenants is so strong that Pike said there’s not much land left.
“There are just a few little pieces,” he said.
Altus is a 30-year-old company that offers retirement, investment and insurance planning.