News Summary
An office and data center building in Shreveport is scheduled for auction starting at $2.5 million on July 7. The 14-story building, with historical significance, spans 5.7 acres and includes a data center on the second floor. This auction presents a significant investment opportunity in commercial real estate, especially for those attracted by its established infrastructure.
Shreveport – An office and data center building located at 525 Milam Street is set to be auctioned, starting with a bid of $2.5 million. The auction is scheduled to begin on July 7, as listed by Beth King Real Estate on both LoopNet and Ten-X.
The property encompasses 5.7 acres and stands 14 stories tall, totaling approximately 249,215 square feet (23,153 square meters). Originally constructed in 1950, the building has a historic significance as it was once the headquarters of the Arkansas–Louisiana Gas Company and later occupied by CenterPoint Energy.
Significant features of the building include an in-place generator and a data center located on the second floor. While specific details about the data center’s dimensions were not provided, previous information indicates that it is around 4,025 square feet (374 square meters) and is equipped with Liebert units, UPS backup, and a Halon fire suppression system. Once the sale occurs, the office tower will be delivered vacant.
Recent Property History
The Shreveport property was sold in 2023 to an out-of-state investor who had proposed plans for development. Prior to that, the site was on the market in 2020 with a listing price of $2.4 million, making the current starting bid a notable increase.
Comparison with Other Properties
In addition to the Shreveport auction, there is another significant property for sale or lease at 2320 Pacific Avenue in Tacoma, Washington. This building, consisting of two stories, is listed by Clover Capital Real Estate for $9.95 million. Constructed in 1928 and renovated in 2002, it offers a total of 46,500 square feet (4,320 square meters) of space.
The Tacoma property is equipped with an 800kW generator and offers connections to three fiber providers. Its data center is available for immediate occupancy, and upper office spaces can also be made available upon request.
Conclusion
The Shreveport auction reflects a potential opportunity for buyers looking to invest in commercial real estate with established infrastructure. As the auction date approaches, interest in the property is expected to grow, given its historical significance and essential features.
With robust facilities available and a strategic location, the former headquarters of the Arkansas–Louisiana Gas Company poses a unique investment prospect, drawing attention from both local and out-of-state investors.
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Additional Resources
- Data Center Dynamics: Auction in Shreveport
- Wikipedia: Shreveport, Louisiana
- KTAL News: Bunco Bash for Arts Education
- Google Search: Commercial Real Estate Investment
- 710 KEEL: Party Central Auction
- Encyclopedia Britannica: Real Estate
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.
