NASHVILLE, TN -Locally based Central Parking Corp. has bought Park One of Louisiana LLC for an undisclosed price. The total amount of real estate involved in the 40-location acquisition also was not disclosed.

“This is a strategic acquisition that provides us with valet and related parking services,” William J. Vareschi, Jr., Central Parking vice chairman and chief executive officer, says in a prepared statement.

Central Parking operates 4,100 parking lots with 1.5 million spaces in 40 states and 10 countries.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.