A group of local investors led by commercial real estate broker Richard Juge has purchased the 6.6-acre Elmwood Oaks office park, a campus-style complex of four, one-story buildings on the site of the old Elmwood Plantation near River Road.

Juge, who owns REMAX Commercial Brokers, declined to say how much the group paid for the property, which was listed for sale earlier this year for $5 million by its longtime owner Vincent Saia. But Juge said the group plans to spend more than $1 million renovating the buildings, which were built in 1980.

“They need some TLC and a little updating,” he said. “But it’s a fabulous location under 300-year-old live oaks.”

Three of the four buildings are more than 90% leased. A fourth building, totaling 27,000 square feet, has been vacant since the Louisian

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