Texas entity purchases distribution facility for 5.4 million

A weekly update on the commercial real estate landscape of New Orleans.

Sixteen commercial sales closed across New Orleans and surrounding markets the week of August 17, 2026, totaling $19.7M in disclosed volume. The headline deal: New Orleans 601 Edwards LLC, a Texas-based entity, paid $5.4M ($90/SF) for an industrial distribution property within the Elmwood Business Park. Retail and specialty properties led investor activity, with out-of-state capital acquiring multifamily and office assets.


Commercial Sales Recorded Last Week

601 Edwards Ave, New Orleans, LA 70123
601 Edwards Ave, New Orleans, LA 70123

Type: Industrial
Price: $5,400,000 ($90.00 / SF)
Buyer: NEW ORLEANS 601 EDWARDS LLC
Elifin’s Notes: A Texas-based entity purchases an industrial distribution property within the Elmwood Business Park.

612 S Peters St, New Orleans, LA 70130
612 S Peters St, New Orleans, LA 70130

Type: Retail
Price: $3,600,000 ($317.80 / SF)
Buyer: VENIEU LLC
Elifin’s Notes: A two-story retail property with a rooftop deck sells on Peters Street.

2564 Barataria Blvd, Marrero, LA 70072
2564 Barataria Blvd, Marrero, LA 70072

Type: Retail
Price: $2,700,000 ($290.76 / SF)
Buyer: EXCHANGERIGHT ESSENTIAL INCOME STRATEGY PROPERTIES 6 LLC
Elifin’s Notes: A CVS property changes hands on Barataria Boulevard.

8121 Airline Dr, Metairie, LA 70003
8121 Airline Dr, Metairie, LA 70003

Type: Specialty
Price: $1,900,000 ($98.90 / SF)
Buyer: IGLESIA NUEVA JERUSALEM OF NEW ORLEANS
Elifin’s Notes: A church property changes hands on Blues Highway.

4300 Magazine St, New Orleans, LA 70115
4300 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $1,650,000 ($241.02 / SF)
Buyer: ECOLE BILINGUE DE LA NOUVELLE ORLEANS
Elifin’s Notes: This former bank building turned Mignon Faget headquarters sells at the corner of Magazine Street and General Pershing Street.

2245 Peters Rd, Harvey, LA 70058
2245 Peters Rd, Harvey, LA 70058

Type: Industrial
Price: $1,300,000 ($52.87 / SF)
Buyer: DRAKE HOLDINGS LLC
Elifin’s Notes: An industrial property changes hands on Peters Road.

1122 Oretha Castle Haley Blvd, New Orleans, LA 70113
1122 Oretha Castle Haley Blvd, New Orleans, LA 70113

Type: Land
Price: $800,000 ($63.76 / Land SF)
Buyer: DOROTHY BROWN ADMINISTRATION INC
Elifin’s Notes: A 0.2+ acre parcel of land sells on Oretha Castle Haley Boulevard.

3500 Veterans Memorial Blvd, Metairie, LA 70002
3500 Veterans Memorial Blvd, Metairie, LA 70002

Type: Retail
Price: $742,500 ($340.75 / SF)
Buyer: REGINA LLC
Elifin’s Notes: A two-unit retail property sells on Veterans Memorial Boulevard.

3108 David Drive, Metairie, LA 70003
3108 David Drive, Metairie, LA 70003

Type: Retail
Price: $465,000 ($123.97 / SF)
Buyer: Barakah 1110 LLC
Elifin’s Notes: A retail property sells in Metairie.

124 23rd St, Kenner, LA 70062
124 23rd St, Kenner, LA 70062

Type: Industrial
Price: $300,000 ($113.21 / SF)
Buyer: BBL FLOORING LLC
Elifin’s Notes: An industrial property with warehouse and office space sells near the Airport in Kenner.

3026 Hwy  90, Avondale, LA 70094
3026 Hwy 90, Avondale, LA 70094

Type: Retail
Price: $225,000 ($145.35 / SF)
Buyer: FUN TYMES PARTY RENTALS LLC
Elifin’s Notes: A daquiri shop sells in Avondale.

319 N Derbigny St, New Orleans, LA 70112
319 N Derbigny St, New Orleans, LA 70112

Type: Multifamily
Price: $215,000 ($35,833 / Unit)
Buyer: MSY MANAGEMENT LLC
Elifin’s Notes: A 6-unit multifamily property changes ownership on North Derbigny Street.

3700, 3701 Lasalle St, New Orleans, LA 70115
3700, 3701 Lasalle St, New Orleans, LA 70115

Type: Land
Price: $215,000 ($26.51 / Land SF)
Buyer: LAGNIAPPE REALTY TEAM, L.L.C.
Elifin’s Notes: A pair of vacant land parcels sell at the corner of Lasalle and Amelia Streets.

4232 Williams Blvd (Unit G), Kenner, LA 70065
4232 Williams Blvd (Unit G), Kenner, LA 70065

Type: Office
Price: $153,125 ($124.49 / SF)
Buyer: MLC PROPERTY GROUP LLC
Elifin’s Notes: An office unit property changes hands on Williams Boulevard.

6564 Fleur De Lis Dr, New Orleans, LA 70124
6564 Fleur De Lis Dr, New Orleans, LA 70124

Type: Multifamily
Price: Withheld
Buyer: JINCHENG A PROPERTY LLC
Elifin’s Notes: An Ohio-based company purchases a 30-unit multifamily property on Fleur De Lis Drive.

4471 Michoud Blvd, New Orleans, LA 70129
4471 Michoud Blvd, New Orleans, LA 70129

Type: Industrial
Price: Withheld
Buyer: BK PROPERTY HOLDINGS LLC
Elifin’s Notes: This property has sprinklers, a dock-high warehouse with 9 dock doors, a 16-foot cleat height. and is located on a fenced site of 4.04 acres


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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