South Morgan Business Park, LLC purchased 40.51 acres of land at Morgan Rd. & SW 8th St. for $1,800,000. Seller was L.W. Cary Investors, LLC, University of New Orleans Foundation Real Estate Company, LLC, Tulane Cary Land, LLC and Cary Estate Property-Surface, LLC. The sale was negotiated by Bill Reid of Baker First Commercial Real Estate and Jason Hammock of CBRE. Closing by Michelle Roberts of American Eagle Title Group.