American Tower sold in Louisiana

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Marcus & Millichap brokered the sale of the 200,951-square-foot American Tower office complex in Shreveport, La. The value of the transaction was $15.4 million. American Tower of Shreveport LLC sold the 1.9-acre property to Rancho Pacific Commercial Inc. Built in 1977, American Towers is a two-building complex located at 401 Market St. The property consists of approximately 54 office suites, an upscale plaza area and a parking garage. Tenants include the University Club dining club, Morgan Keegan & Co., the Independence Bowl Organizing Committee and Ouachita Independent Bank. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to