News Summary
A notable office and data center building in Shreveport, Louisiana, located at 525 Milam Street, is slated for auction starting July 7. The starting bid is set at $2.5 million for the 14-story structure covering 5.7 acres, with a total area of 249,215 square feet. Originally built in 1950, the building includes a data center on its second floor and has been previously owned by Arkansas–Louisiana Gas Company and CenterPoint Energy. The auction represents a significant opportunity for investors as demand for such properties continues to rise.
Shreveport – A prominent office and data center building located at 525 Milam Street in Shreveport, Louisiana, is now up for auction. The auction is set to begin on July 7, with a starting bid of $2.5 million. The property, which boasts a substantial area of 5.7 acres, offers a 14-story structure that comprises a total of 249,215 square feet (approximately 23,153 square meters).
Listed by Beth King Real Estate, the auction will be conducted through LoopNet and Ten-X. The building, constructed in 1950, features an in-place generator and a dedicated data center located on its second floor. While the specific details of the data center’s capabilities have not been disclosed, prior documentation indicated that it encompasses around 4,025 square feet (about 374 square meters) and is equipped with Liebert units, UPS backup, and a Halon fire suppression system.
Upon completion of the auction, the office tower will be delivered vacant. This building previously served as the headquarters for the Arkansas–Louisiana Gas Company and continued to be used as an office by CenterPoint Energy until its recent change in ownership. In 2023, the property was sold to an out-of-state investor who had plans for its development. Notably, the building had been listed on the market in 2020 for $2.4 million, underscoring an increase in the anticipated sale price.
Additional Real Estate Context
The Shreveport property is part of a larger trend where multiple office and data center properties are being auctioned or sold in various locations. For example, another property currently on the market is at 2320 Pacific Avenue in Tacoma, Washington. This building is being offered for $9.95 million and has a considerably smaller footprint of 46,500 square feet (approximately 4,320 square meters). Originally built in 1928 and renovated in 2002, the Tacoma building includes an 800kW generator and offers connectivity to three fiber providers, making it suitable for similar purposes as the Shreveport facility.
While the Tacoma data center is available for immediate occupancy, the upper offices can be accessed upon request. However, little information is available regarding the previous occupant of the Tacoma site. The ongoing interest in such properties indicates a sustained demand for office spaces combined with data center capabilities across different regions in the United States.
Final Notes
The impending auction of the Shreveport building presents a significant opportunity for potential investors looking to capitalize on the area’s commercial real estate market. As the demand for data centers continues to rise, properties with established infrastructures and strategic locations are likely to gain further interest from various sectors, including technology and business services.
As the auction date approaches, stakeholders in the commercial real estate industry will be closely monitoring the bids and outcomes, especially given the property’s extensive history and its transitional potential in Shreveport’s urban landscape.
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Additional Resources
- Data Center Dynamics: Shreveport Auction
- Wikipedia: Data Center
- 710 KEEL: Party Central Auction
- Google Search: Shreveport Real Estate
- 710 KEEL: Party Central Closing
- Encyclopedia Britannica: Shreveport
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
