The on the internet financial commitment system CrowdStreet has a new industrial park presenting close to Baton Rouge, Louisiana. The proposed challenge, identified as Gateway Industrial Park, will element virtually 200,000 sq. feet of industrial house in Geismer, Louisiana, which gives the center quick access to close by Baton Rouge and useful delivery corridors in the gulf coastline location.
The final target for the project sponsor is to develop the distribution heart, which will service an place that has a large demand from customers for industrial home and distribution facilities, but a constrained source of readily available place.
The project sponsor, Provident Realty Advisors, is looking for $10.8 million in funding to build the industrial park on what is at the moment vacant land owned by Provident.
Buyers will get fairness shares in Gateway, which is remaining supplied as a improvement expense. Provident’s stop aim is to total building