An office building on Corporate Boulevard that was once the headquarters of Lamar has been sold for $2 million.

The building at 5551 Corporate was purchased by an LLC of the same name, according to documents filed Thursday with the East Baton Rouge Parish Clerk of Court’s office. The seller was River Regional Properties III LLC of Baton Rouge, which lists as officers former Ascension Parish Coroner Dr. John Fraiche and his wife, Donna, an attorney and longtime civic and community leader.

Local attorney Charles Landry was listed as the manager of 5551 Corporate, according to a business filing with the Louisiana Secretary of State’s office.

Landry said he facilitated the deal for a client, whom he could not disclose. The buyer is in the process of evaluating what will be needed to renovate the space for any potential future tenants. 

Scott Berg, president of Lee Michaels Fine Jewelry, was listed as a representative of 5551 Corporate in court filings. Landry would not comment on Berg's inclusion. 

While the court filings list the sale price as $10, a separate document included in the transaction notes that 5551 Corporate was authorized to buy the building for $2 million.

Will Adams and Kelly Morgan of Beau Box Commercial Real Estate represented the sellers, while Fabian Edwards of Elifin Realty represented the buyers. The agents would not disclose details about the sale, citing confidentiality requests made by the parties involved.

The office at 5551 Corporate is a three-story, nearly 52,000-square-foot building that once served as the offices for Lamar Advertising. The building opened in 1981 and was renovated in 2013. It was damaged in a fire in December 2023 and has been vacant since then.