Northpark Business Park Continues 40 Acre Expansion With Retail Strip Center

by • September 26, 2014 • Northshore, Office, RetailComments (0)2934

The Chevron Building at the Northpark Business Park

The Chevron Building at the Northpark Business Park

The Northpark Business Park in Covington will soon include a new retail strip center, continuing its 40-acre expansion.

According to Barry Spizer, managing partner for the SRSA Commercial Real Estate project, the building will include about 10,000 square feet of retail space for four to five tenants. The first two tenants, whose names have not yet been released, will occupy roughly 60 percent of the building and are expected to move in by late February or early March 2015.

Industrial carbon producers Rain CII will open their new three-story office building next to the retail site.  The move marks Rain CII’s return to New Orleans after relocating to Texas following Hurricane Katrina. The office building is expected to be ready for occupancy in the next 30 days and will house 70 Rain CII employees from its Houston-area headquarters along with other tenants. Following this opening, Northpark will have room for another three to four office buildings.

Oil and gas exploration company Chevron has plans to add its Gulf of Mexico region headquarters on a 10-acre tract of land it owns outside of Northpark’s 40-acres. Per Spizer, Chevron is in the predevelopment stage and does not yet have any plans for construction.

On top of its current 40-acre expansion, Northpark is planning an additional 40-acre expansion, but at this time only roads and infrastructure have been laid out. Work on one of the last remaining lots of the current expansion will begin soon with Barrister Construction of Hammond. The company is building a $1.2 million, 12,000-square-foot building on a 2.17-acre tract of land across from the Fed-Ex facility presently in the park.

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