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Monday, October 21, 2013

Rouses to buy Mid-City property currently occupied by Home Depot

Posted By on Mon, Oct 21, 2013 at 11:52 AM


The building that houses the soon-to-be-closed Home Depot at 500 N. Carrollton Ave. is poised to be absorbed by the Rouses supermarket chain, though not as a grocery store.

The Thibodaux-based grocery chain has plans to buy the building right next door to its Midcity location and lease it to an as yet unnamed tenant, says managing partner Donny Rouse.

“This property is right next door to one of our stores, so we want control over what tenant goes in there,” he says.

Home Depot, which opened a small, temporary, hurricane relief store in the building in Sept. 2006, will close in November. Its lease with the building's current owner ends at the end of the year. Rouses will renovate the 55,000 square-foot property for whatever tenant comes its way. “We’re not going to do anything to it until we know what tenants will go inside of it, but we will renovate it once we know,” says Rouse.

As for leads on who will set up shop, Rouse is tightlipped. “Nothing I can discuss right now,” he says.

The building, previously owned by Carrollton 500 Investors LLC, a division of Victory Investments out of Georgia, was home to Winn-Dixie before Hurricane Katrina. That chain has since moved across the street into the Mid-City Market development.

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