The old Sears building at The Acadiana Mall has been sold to a developer who will convert it to a climate-controlled self-storage facility, our media partners at The Advocate are reporting.
Star Lafayette LLC, which is registered with Ted Filer with Florida-based development company Mustard Street Management, bought the building from Sears’ real estate holdings company, Seritage SRC Finance, for $1.5 million, the newspaper reports.
The 197,000-square-foot building has been out of commerce since the troubled retail company closed it in June 2017. Filer’s development company will handle the demo work and construction, and national self-storage company Extra Space will manage it, the Advocate reports.
It’s the eighth former retail space in a shopping mall that Filer’s company will convert into a self-storage space, he told the Advocate.
To read the full interview, with all the details about the planned timeline, click here.
