la marquise pic

Glenn Stewart’s long-troubled anchor building is for sale, or lease, or can be subdivided and shared with La Marquise.

While it’s no secret there is rarely more than a couple of customers browsing La Marquise department store at any given time, it took the local developer (a former radiation oncologist) two years to look to cut his losses. His upscale women’s store, a stunning 16,000-square-foot space, is the centerpiece of his Parc Lafayette retail and office development at Kaliste Saloom Road and Camellia Boulevard.

Stewart is advertising the 1925 Kaliste Saloom location for lease, having listed it with Tiffany Chiasson of Coldwell Banker Pelican Real Estate. An emailed message to Chiasson asking for more information on the listing was not returned.

la marquise ad
Glenn Stewart is advertising his La Marquise space for lease, but our real estate source says he's willing to sell the anchor location for $4 million.

A local real estate source familiar with the listing tells The IND Stewart wants $25 a square foot to lease the building ($33,300 a month) but is willing to part with the building for $4 million. Should anyone buy or lease the entire space, Stewart says he will relocate La Marquise, according to our source, who also notes that Stewart is willing to subdivide the space for multiple tenants.

Stewart has even said he will keep a scaled-down version of La Marquise in the building, our source says, should a potential tenant want to share the space with the women's store.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.73 ▲0.02 (0.09%)
o Frank's International 18.67 ▼0.03 (-0.16%)
o IberiaBank Corp 61.88 ▼0.63 (-1.01%)
o LHC Group 22.74 ▼0.46 (-1.98%)
o MidSouth Bancorp 18.20 ▼0.50 (-2.67%)
o Petroquest Energy 5.32 ▼0.30 (-5.34%)
o PHI Inc. 38.52 ▼2.71 (-6.57%)
o Superior Energy 32.06 ▼0.81 (-2.46%)
o Stone Energy 29.77 ▼1.59 (-5.07%)
o Facebook Inc. 76.55 ▼2.49 (-3.15%)
o Twitter Inc. 50.06 ▼1.52 (-2.95%)
o Gannett 29.21 ▼0.46 (-1.55%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.73 Trade time:4:00PM EDT Value change:▲0.02 (0.09%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:18.67 Trade time:4:03PM EDT Value change:▼0.03 (-0.16%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:61.88 Trade time:4:00PM EDT Value change:▼0.63 (-1.01%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:22.74 Trade time:4:00PM EDT Value change:▼0.46 (-1.98%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.20 Trade time:4:01PM EDT Value change:▼0.50 (-2.67%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:5.32 Trade time:4:02PM EDT Value change:▼0.30 (-5.34%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:38.52 Trade time:3:21PM EDT Value change:▼2.71 (-6.57%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:32.06 Trade time:4:05PM EDT Value change:▼0.81 (-2.46%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:29.77 Trade time:4:01PM EDT Value change:▼1.59 (-5.07%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:76.55 Trade time:4:00PM EDT Value change:▼2.49 (-3.15%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:50.06 Trade time:4:03PM EDT Value change:▼1.52 (-2.95%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:29.21 Trade time:4:04PM EDT Value change:▼0.46 (-1.55%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement