State Building Portfolio: 2 Buildings

Overview

Offering OverviewAs part of a potential 7-building portfolio, this offering includes two (2) office buildings along with their dedicated off-street parking. See per-building breakdown below:State Building: 122 St. John StreetClassification:  Renovated Class A Office + Surface LotsRSF / USF:  108,683 SF / 97,508 SFLevels:  Six (6) levels plus Mezzanine and BasementParking:  104 spaces (24 rear of building + 80 on Jackson St.)Elevators:  Three (3) — 1 passenger (all floors), 1 passenger (Bsmt–Lobby–Mezz), 1 freight @ 5,000 LB (Lobby & Mezz)Infrastructure:  3-phase electrical, whole-building generatorFeatures:  Rooftop event spaceYear Built:  1925 (originally The Virginia Hotel)Renovations:  1967 — State of LA acquisition and renovation; 2014/2015 — $24,000,000 extensive renovationFlood / Zoning:  Flood Zone X (No Flood) | CBDThe Production Building: 127 St. John StreetClassification:  Class A CBD Retail / OfficeBuilding Size:  6,034 SFParking:  25 dedicated off-street spacesYear Built:  1960sFlood / Zoning:  Flood Zone X (No Flood) | CBDLarger Portfolio (Separate Offering)In addition to this offering, prospective purchasers should be aware of the larger 7-building Vantage Property Portfolio, currently available for sale.The portfolio consists of approximately 290,000 rentable square feet of office and retail space in the core of downtown Monroe, Louisiana, supported by 409 dedicated parking spaces across a structured garage, surface lots, and street-adjacent locations. All properties are well maintained, sprinklered where applicable, and located in Flood Zone X (no flood insurance required).The portfolio is anchored by two multi-story assets:State Building: 108,683 SF | six (6) levelsVantage Tower: 120,643 SF | eleven (11) levels + connected 149-space parking garageThese anchor assets have benefited from over $29 million in combined capital investment, including:$24 million renovation — State Building (2014–2015)$5 million in improvements — Vantage TowerBoth properties feature 3-phase electrical service, whole-building generators, multiple elevators, and institutional-grade infrastructure.MARKET CONTEXT — NORTH LOUISIANA AI CORRIDORNorth Louisiana has attracted over $50 billion in announced data center investment, creating an unprecedented demand surge across the region.Meta broke ground in January 2025 on one of the largest AI data centers in the country in Richland Parish, approximately 30 miles east of Monroe. Originally announced at $10 billion, the project has grown to an estimated $27–30 billion investment with approximately 4,000 construction workers currently on site. Monroe, as the region's largest city, is the primary beneficiary of the resulting demand for housing, hospitality, dining, and professional services.In February 2026, Amazon announced a $12 billion investment in data centers in northwest Louisiana, expected to create 540 direct jobs and over 1,700 indirect jobs. A third major project — a $10 billion data center in West Feliciana Parish — is also underway.The impact on Monroe's downtown is already visible: sales tax collections are up 10% year over year, new hotel developments are accelerating, American Airlines has added flights to Monroe Regional Airport, and out-of-state developers are pursuing adaptive reuse projects in the CBD for the first time in decades.