From the Baton Rouge Business Report, Real Estate Weekly
More headroom: Tiger Mania's three brick-and-mortar stores in Baton Rouge and its e-commerce website at TigerMania.net have been acquired by Indianapolis-based hat and sports merchandise retailer LIDS Sports Group. Terms of the deal were not disclosed in a news release about the acquisition, which was also vague about the future of the three Tiger Mania stores. Read the full story from Daily Report here.
On the market: A new restaurant has opened downtown, owned and operated by the team behind The Office bar, and with a menu conceptualized by Chris Wadsworth, former executive chef at Nottoway Plantation. Restaurant IPO's menu focuses on tapas with Louisiana ingredients—nearly everything comes from within 150 miles of Baton Rouge—but with some worldly flair thrown in. Read the full story from 225 Dine here.
Florida farewell: BRAF's real estate development arm, Commercial Properties Realty Trust, has sold a 130,000-square-foot shopping mall in West Palm Beach, Fla. The Polo Grounds Mall—which is anchored by a Publix grocery store and is 92% leased—reportedly closed for $14.4 million, or $110 per square foot. The mall shows up on Commercial Properties' 2009 financial report, valued at just a shade over $9 million. Read the full story from Daily Report here.
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