Chad Ortte, a Lafayette native now living in Baton Rouge, has purchased the former OncoLogics site in the Freetown area.
The sale, according to a press release from Keaty Real Estate, represents the first significant acquisition in the area since Freetown was designated a historic district in early 2016.
A real estate developer who specializes in mixed-use, urban-infill development, Ortte has led multiple neighborhood revitalization projects around Baton Rouge and had been searching for a real estate investment opportunity in Lafayette for years. He acquires under-developed land in urban areas with the potential for redevelopment.
Ortte plans to offer the buildings for lease, at least for now. He says they were well maintained by the previous owner and are ready to occupy. They are being marketed for lease by Tim Skinner with Keaty Real Estate, who along with Adam Angers brokered the sale of the property.