92-Acre Business Park Planned in Covington

by • June 30, 2015 • NewsComments (3)4212

Gulf States Real Estate Services has completed the purchase of the 92-acre Versailles Business Park in Covington.

Versailles Business ParkDevelopers are planning 16 different lots, which will include residential, medical offices and hospitals.

“We hope to bring some corporations to this area that will bring quality jobs and help boost every aspect of our economy,” said Michael Saucier, president of Gulf States, who partnered with commercial real estate agent Terry Blackwell for the project.

The duo has pre-sales pending in some of the lots while marketing is being done both in the area and across the country for other potential tenants.

The cost of land development is around $6 million, and the rest of the project will be between $150 million and $200 million.

Construction is expected to begin in July and be completed towards the beginning of 2016.

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3 Responses to 92-Acre Business Park Planned in Covington

  1. […] Gulf States is also the developer behind the $200 million, 92 acre mixed-use park in Covington. […]

  2. […] States Real Estate Services closed on the land in June, and envision a CBD-like development that will house office, retail, residential, medical and […]

  3. […] Gulf States Real Estate Services closed on the land in June 2015, and at the time  said they envisioned a CBD-like development that will house office, retail, […]

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