College Drive Center LLC, led by Oliver and Monica Montagnet, purchased a 47,000-square-foot retail center on College Drive in Baton Rouge for $6.8 million from Bright-Meyers Baton Rouge Associates, which previously bought the property for $10 million in 2003. The center includes Walmart as an anchor tenant and long-term businesses such as Office Depot and Sally Beauty. Earlier this year, Bright-Meyers sold Capital One and IHOP outparcels on the property for $5.2 million. The Montagnets also own other commercial properties in Louisiana, and the sale was brokered by Marcus & Millichap representatives Zach Taylor, Eric Abbott, and Steve Greer.
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