Piccadilly headquarters up for sale, lease-back

• Advocate business staff
• Published: Jun 24, 2009

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Piccadilly Restaurants LLC is selling its headquarters building on Sherwood Forest Boulevard, but the Baton Rouge-based cafeteria company is not planning to move.

Piccadilly wants to sell its more than 40,000-square-foot office for $3.5 million, then lease back its office space on the first floor from a new owner. A suite of 15,000 square feet on the second floor is available for lease at $10 per square foot at the 3232 Sherwood Forest Blvd. site that’s next to one of the company’s cafeterias.

Mark Hebert of Kurz & Hebert Commercial Real Estate Inc. is the agent representing the company.