The developer of Bass Pro Shops in Denham Springs has sold a 1.404-acre retail site across from the outdoor megastore to a local investor group planning to build a new retail shopping center there called The Shoppes at Bass Pro.
Developer E. Jacob Fakouri, through E.J. I-12 LLC, sold the plot on Monday for $970,080, or about $15.85 per square foot, to a group of local investors known as N&J Land Company LLC, owned by John Lund of Baton Rouge and Nick Xiao of Walker. The property is located directly across from the Bass Pro Shops between the shop’s retail parking lot and the Hooters.
The site’s new owners plan to construct an upscale restaurant and retail building measuring 13,445 square feet, which will include two outdoor patios. Committed tenants for the new center include Sarita’s Mexican Grill & Cantina and a new high end Japanese sushi and hibachi restaurant. The two restaurants will be situated on the end-caps of the proposed center.
Joe Moore, of RE/MAX First commercial, represented Fakouri and preleased 5,200 square feet of the proposed building.
“Preleasing helped facilitate financing of the proposed 13,445-square-foot center,” Moore says.
Lund is a successful developer and retailer. Xiao has started numerous restaurants and shopping developments throughout south Louisiana. Lund and Xiao have other retail developments planned for Walker and Watson in the near future.
