News Summary
A former natural gas provider office and data center in Shreveport, Louisiana, will be auctioned for a starting bid of $2.5 million. Covering 5.7 acres, the 14-story building includes essential data center equipment and will be delivered vacant to the new owner. The auction, managed by Beth King Real Estate, is set to commence on July 7, offering a unique investment opportunity in regional real estate. This auction is part of a broader trend in the market, with similar properties also listed for sale elsewhere.
Shreveport, Louisiana — A former natural gas provider office and data center building at 525 Milam Street is set to be auctioned with a starting bid of $2.5 million. The auction is scheduled to launch on July 7, with management handled by Beth King Real Estate through LoopNet and Ten-X platforms.
The property covers an expansive 5.7 acres and boasts a 14-story building with a total area of 249,215 square feet (23,153 square meters). Originally constructed in 1950, the building represents a substantial investment opportunity for prospective buyers.
This facility features an in-place generator and a specialized second-floor data center, outfitted with essential equipment such as Liebert units, uninterruptible power supply (UPS) backup, and a Halon fire suppression system. While specific capabilities of the data center have not been disclosed, past documentation suggests it occupies around 4,025 square feet (374 square meters).
Upon sale, the office tower will be delivered vacant, providing maximum flexibility for the new owner. The building once served as the headquarters for the Arkansas-Louisiana Gas Company before transitioning to CenterPoint Energy. In 2023, it was sold to an out-of-state investor with intentions to develop the property further.
This listing is not an isolated occurrence, as another office and data center building located at 2320 Pacific Avenue in Tacoma, Washington, is concurrently for sale. The Tacoma building, listed by Clover Capital Real Estate for $9.95 million, was constructed in 1928 and underwent renovations in 2002. This facility encompasses 46,500 square feet (4,320 square meters) and includes an 800kW generation unit, connected to three fiber providers.
Contrasting with the Shreveport property, the data center in Tacoma is reported available “immediately,” alongside designated upper office spaces for leasing. However, details about the previous occupants of the Tacoma facility remain undisclosed.
The Shreveport building’s history is noteworthy; it previously entered the market in 2020, previously listed at $2.4 million. This potential auction marks an opportunity for individuals or corporations looking to capitalize on a historical property with versatile usage possibilities in a market that continues to evolve.
As the auction date approaches, interested bidders are encouraged to evaluate the property and prepare for the upcoming event, which promises to bring a piece of Shreveport’s industrial history back to the forefront of real estate investment.
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Additional Resources
- Data Center Dynamics
- KTAL News
- LoopNet
- Ten-X
- Wikipedia: Shreveport, Louisiana
- Google Search: office and data center auction Shreveport
- Encyclopedia Britannica: Shreveport
- Google News: Shreveport data center
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.
