Redd Properties Completes Lease Agreement with KAEFER in Sulphur Louisiana

By: reddproperties.com | April 2, 2020

Media Contact: Gary Marsh 415.999.3793 or gary@marshmarketing.com

Principal Matt Redd, CCIM, CRE, SIOR, announced today that his firm has completed a lease assignment of a 7,000-square-foot industrial property on 2.5 acres with KAEFER, the Germany-based, international provider of technical services in marine & offshore construction. The lease was completed by NAI Latter & Blum (Lake Charles office), an affiliate of NAI Global, and Matt Redd was the only broker involved.

The property and building, located at 1024 Ravia Road near S. Beglis Parkway in Sulphur, LA, is owned by a local investor. The MSA population for the area is approximately 200,000 and Sulphur is located in Calcasieu Parish.

Redd Properties facilitated and managed the speculative development of the building, which was recently completed. Tenant improvements for KAEFER are underway and the tenant has already occupied the building. The project architect was Jeff Kudla of Kudla Architecture, LLC.

According to Redd, KAEFER formerly occupied an industrial property in New Iberia, LA, and moved those operations to Sulphur after KAEFER won a contract to work on a new LNG plant in the area that is under construction.

More than $187.9 billion in industrial construction projects have been announced in Louisiana since 2012, based on figures tracked by economist and consultant Loren Scott. Work has commenced on about $72 billion of those projects, many of which are petrochemical related (as published in The Advocate in Baton Rouge 9.2, 2019). Handling and storage of liquid nitrogen requires thermal insulation, a type of insulation in which KAEFER is a global market leader.

About KAEFER: https://www.kaefer.com/

About Redd Properties

Redd Properties LLC is an independent commercial real estate, multidisciplinary firm with expertise in mid-to-large-scale projects and other developments, build-to-suit construction, project advisory and consulting services, brokerage and transaction management services.

From project strategy and site acquisition to assembling and managing project teams, Redd Properties is the leading full-service commercial property company serving Lake Charles and the greater Southwest Louisiana MSA. Additionally, company principal Matt Redd remains the Lake Charles affiliate of NAI Latter & Blum for brokerage services in his markets.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.