Fidelity Bank purchases property on Bluebonnet to open branch
03/06/2023
By: Eric L. Taylor
Fidelity Bank will open its second Capital Region branch, in the unoccupied former bank building across from the Renaissance Hotel. The New Orleans-based bank purchased the property on Bluebonnet Boulevard this week for $1.62 million, according to the East Baton Rouge Parish Clerk of Court’s office.
“We’ve been looking for a new location for some time, and with the traffic and amount of business in the Bluebonnet area, we think this will be a great location for us,” says Tammy O’Shea, Fidelity’s chief marketing officer.
The 4,360-square-foot building will get a facelift in the coming months.
The Bluebonnet site will be the 100-year-old bank’s 18th location. Its other Baton Rouge location is off Corporate Boulevard near Energy Drive.
Fidelity purchased the site from ACHS Management Corp. through its Delaware-registered entity 6920 Bluebonnet Boulevard LLC, according to business filings with the Louisiana Secretary of State’s office. Records show that the corporation bought the property from Capital One for $1.19 million in November 2021, several months after the national bank closed the location.
Tom Maraist of 7 South Commercial Real Estate and Michael Pou of Talbot Realty Group brokered the deal on behalf of Fidelity, and Ben Graham of Stirling Properties represented the seller.