Multi-Million Dollar Retail and Multifamily Sales

The March 14, 2022 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $22.2M in disclosed volume. The headline deal: The Hive Investors LLC, a local investor, paid $7.9M ($81,443/unit) for the River Palms Condominiums on North Third Street. Multifamily, retail, office and industrial each accounted for three of the thirteen sales, including a California-based investor's $6.12M purchase of the Walgreens at Airline Highway and Greenwell Street, while Brooklyn-based Sharp Management Corporation bought Zachary Parkside, a 300-unit apartment complex in Zachary, at an undisclosed price.

By ELIFIN® Source: ELIFIN transaction database

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13Commercial sales recorded
$22.2MDisclosed volume (12 of 13 sales)
$7.9MLargest sale · 1925 North 3rd Street
3Multifamily sales, the most active type

Commercial Sales Recorded Last Week 13 sales

1925 North 3rd Street

1925 North 3rd Street

  • Multifamily

$7,900,000 $81,443 / unit

The River Palms Condominiums sell to local investor.

BuyerThe Hive Investors LLC

5955 Airline Hwy

5955 Airline Hwy

  • Retail

$6,115,000 $415 / SF

California-based investor purchases Walgreens on the corner of Airline Hwy and Greenwell St.

BuyerExchangeright Net-Leased Portfolio 54 DST

6363 Main St

6363 Main St

  • Retail

$2,045,000 $107 / SF

California-based investor purchases Amazon Plaza, a retail strip center in Zachary.

BuyerS&S Valley Properties LLC

415 W Parker Blvd

415 W Parker Blvd

  • Multifamily

$1,300,000 $65,000 / unit

Taylor Apartments, a 20 unit apartment complex near the LSU campus, sells to local investor.

BuyerTaluju Properties and Investments LLC

6663 Jefferson Hwy

6663 Jefferson Hwy

  • Office

$1,287,289 $286 / SF

Local attorney purchases office building in the Goodwood Office Park near Jefferson Hwy and Audubon Ave.

BuyerMCN Holdings, LLC

6254 Florida Blvd

6254 Florida Blvd

  • Retail

$1,120,000 $79 / SF

Retail strip center sells on the corner of Florida Blvd and Marquette Ave.

BuyerRR Company of America LLC

4311 Bluebonnet Blvd

4311 Bluebonnet Blvd

  • Office

$830,000 $207 / SF

Local investors purchase office building at the Parc at Claycut Bayou.

BuyerH & E Properties LLC

11062 Cloverland Dr

11062 Cloverland Dr

  • Industrial

$550,000 $73 / SF

Investor purchases industrial property off Cloverland Dr near the Siegen Lane intersection.

BuyerSpeckled Trout Properties LLC

4242 Harding Blvd

4242 Harding Blvd

  • Industrial

$394,500 $63 / SF

Local accountant purchases industrial property on Harding Blvd.

BuyerJ Robins Properties LLC

2323 N Flannery Rd

2323 N Flannery Rd

  • Industrial

$250,000 $38 / SF

Blanco Brothers Construction purchase property on the corner of N Flannery Dr and S Choctaw Dr.

BuyerBlanco Brothers Construction LLC

5329 Dijon Dr, Unit 107

5329 Dijon Dr, Unit 107

  • Office

$249,000 $111.31 / SF

Office suite sells in Dijon Dr office building.

BuyerKBS Rentals LLC

Lot 10-A Greenwell Springs Rd

Lot 10-A Greenwell Springs Rd

  • Land

$125,000 $0.31 / Land SF

Dorsey Development, a Metairie based development firm that has built many Dollar Generals in the Baton Rouge area, purchases 9+ acres on Greenwell Springs Rd.

BuyerBR Greenwell Springs RD DG LLC

20051 Old Scenic Highway

20051 Old Scenic Highway

  • Multifamily

Price withheld

Sharp Management Corporation, a Brooklyn-based real estate investment firm, purchase Zachary Parkside, a 300 unit apartment complex in Zachary. Price withheld.

BuyerLA Zachary Investors LLC

Upcoming Planning Commission Cases 2 cases

Atwater Villas Subdivision – Major Subdivision

Submitted by Atwater Development LLC; Todd Waguespack

Proposed major subdivision with public streets located on the west side of Nicholson Drive, east of River Road. Approximately 114.49 acres. 391 single-family lots and 14 common area tracts.

Atwater Reserve Subdivision – Major Subdivision

Submitted by Atwater Development LLC; Todd Waguespack

Proposed major subdivision with public streets located on the west side of Nicholson Drive, east of River Road. Approximately 124.62 acres. 392 single-family lots and 17 common area tracts.

Commercial Permits Issued Last Week 97 permits

AddressTypeValueDescriptionOwner / Applicant / Contractor
4711 DIVINCENTI DR BATON ROUGE LA 70807OccupancyN/AThe purpose of this application is to turn on utilities.O Jose Farias
7501 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to the 540 s.f. Mail Kiosk bldg., S-2 use at Plank Road. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
11211 INDUSTRIPLEX BLVD BATON ROUGE LA 70809Commercial: RemodelN/A(Expedited Review) Renovation to existing 5,238 sq. ft. (Business Group B) suite by adding demising wall to separate from neighboring suite to create new suite.O Beau Summrow
6166 SIEGEN LN BATON ROUGE LA 70809Commercial: RemodelN/ARenovation of 1,912 sq. ft. suite that includes some light demo work and the installation of 2 bathrooms, partition walls, half-walls, and associated plumbing, electrical and mechanical work. (Business Group B)O David Trusty
5614 COLLEGE DR BATON ROUGE LA 70806Gas TestN/AGas TestO Camellia Corner
7421 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to Bldg. 9, R-2 use at 4201 Plank Road: Type IV, 19,248 s.f.: 12 units: 12 4 bedroom units. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
10045 GWENADELLE DR BATON ROUGE LA 70816Hotel/MotelN/AHotel/Motel PermitO Alex Bhakta
7451 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to Bldg. 11 R-2 use at Plank Road: Type II, 29,592 s.f.: 24 units: 12 2 bedroom units, 12 3 bedroom units. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
7501 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to the 3,317 s.f. Clubhouse bldg., Business use with laundry at Plank Road. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
9919 GWENADELLE DR BATON ROUGE LA 70816Hotel/MotelN/AHotel/Motel PermitO Chandrakant Patel
7431 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to Bldg. 13, R-2 use at Plank Road: Type I, 23,388 s.f.: 24 units: 12 1 bedroom units, 12 2 bedroom units. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
7461 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13 (with 108 apartment units), a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to Bldg. 10, R-2 use at Plank Road: Type III, 32,965 s.f.: 24 units: 12 2 bedroom units, 12 4 bedroom units. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
7454 Scenic Hyw Baton Rouge LA 70807OccupancyN/AAutomotive ShopO —
4255 W BROOKSTOWN DR BATON ROUGE LA 70805OccupancyN/AApt over 1 yr oldO —
2940 MIDWAY AVE BATON ROUGE LA 70805Gas TestN/AGas TestO Daisy Bessix
2705 MADISON AVE BATON ROUGE LA 70802OccupancyN/AI just bought this property today and I need electricity and gas turned on.O nicholas brocato
7501 PLANK RD BATON ROUGE LA 70807Commercial: Parking LotN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to the parking lot and site plan serving the use Plank Road development. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
7441 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to Bldg. 12, R-2 use at Plank Road Type I, 23,388 s.f.: 24 units: 12 1 bedroom units, 12 2 bedroom units. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
1654 BLANCHE CT BATON ROUGE LA 70802OccupancyN/Awood frame house lights need to be cut onO Lawrence Triggs
7501 PLANK RD BATON ROUGE LA 70807Commercial: NewN/ANew constr. of Apartment Complex of 397.490 s.f. on 2 adjacent sites. The development at Plank Road consists of apt. bldgs. 9-13, a clubhouse, mail kiosk, maintenance bldg., and site work to serve. THIS permit is specific to the 1170 s.f. Maintenance bldg., S-2 use, at Plank Road. See 128638 for UPLOADED DRAWINGS and associated docs.O Ed Wagers
12101 LAKE SHERWOOD AVE N BATON ROUGE LA 70816ElectricalN/APower disconnect is scheduled for the morning of Tues March 15th for changing out broken electrical meter parts and replacing damaged meter socket parts. Can we please schedule an inspection for the afternoon of Tues March 15th so that we can get power restored for customer. Thanks so much, have a great day.O Ken Reynaud
5160 ENTERPRISE ST BATON ROUGE LA 70805OccupancyN/AJust moved in trying to get lights onO Adrienne McDonald
290 W GARFIELD ST BATON ROUGE LA 70802OccupancyN/ANewly purchased section 8 rental property Need power on for section 8 inspectionO Johnny Andrews
2344 CHERRY ST BATON ROUGE LA 70802Gas TestN/Agas test for the main houseO Tyrone Leggett
6308 QUIN DR BATON ROUGE LA 70817OccupancyN/Aweddings,parties,babyshowers,bridal showers, receptionsO Sheila S Hyde
5131 E HUNTERS CHAPEL CT BATON ROUGE LA 70817OccupancyN/ATurning power on to be able to rent propertyO Jared Blackburn
343 3RD ST BATON ROUGE LA 70801OccupancyN/AOffice BuildingO Joe Goudeau
1747 STE A S BRIGHTSIDE VIEW DR BATON ROUGE LA 70820ElectricalN/ACHANGE OUT 400 AMP METER CENTER FOR BUILDING AS NEEDED. THIS IS A RESIDENTIAL APARTMENT COMPLEX. WILL GET A DISCONNECT FROM ENTERY 3/16/22 A.M. AND WILL NEED INSPECTION SAME DAY. WILL NEED TO RESTORE POWER SAME DAY. THIS IS UNITS A,B,C &D.O STEVE HAYDEN
5617 PRESCOTT RD BATON ROUGE LA 70805OccupancyN/AApartments lights have been off more than 6 monthsO —
3491 N ACADIAN THWY BATON ROUGE LA 70805Commercial: RemodelN/ARenovation and change of use to 2500 s.f. building from 6 Unit Office into 3 residential apartment units, Units 1 of approx. 1,037 s.f., Unit 2 of approx. 751s.f. and Unit 3 of approx. 756 s.f.O Kentrell Plain
16441 S HARRELL'S FERRY RD BATON ROUGE LA 70816Gas TestN/ACommercial Gas Test for Rental Unit # 3603O —
1215 E RIVER OAKS DR BATON ROUGE LA 70815ElectricalN/AReplace overhead serviceO James Prescott
2353 HIGHLAND RD BATON ROUGE LA 70802DemolitionN/Acommercial demolitionO Leigh Bonfanti
1075 OWL AVE BATON ROUGE LA 70807OccupancyN/AExisting House for electricityO Wayne Lee
672 Carol Marie Baton Rouge LA 70806Gas TestN/AGas TestO Bethany Plaisance
580 EDUCATION ST BATON ROUGE LA 70802Gas TestN/AGas TestO —
2320 TERRACE AVE BATON ROUGE LA 70806ElectricalN/AReplace overhead serviceO Andy Ringswald
12030 CHESTER DR BATON ROUGE LA 70810ElectricalN/ARELOCATE SERVICE ENTRANCE/ EMERGENCY DISCONNECT-RECONNECTO KEVIN SCHEXNAYDER
9449 HAMPTON WAY BATON ROUGE LA 70814OccupancyN/Aturning on electricity for security lights . ApartmentsO Courtney Brasseaux
16825 FLORIDA BLVD BATON ROUGE LA 70819OccupancyN/ALaydown Yard for storage/ office useO Jaime Pineda
5131 E HUNTERS CHAPEL CT BATON ROUGE LA 70817OccupancyN/ATrying to get power turned back on in the unit to be able to rentO Jared Blackburn
343 3RD ST BATON ROUGE LA 70801OccupancyN/AOffice Building changing billing information with entergyO Joe Goudeau
2907 SHERWOOD ST BATON ROUGE LA 70805OccupancyN/AWooden HouseO Gloria Turner
3216 SENECA ST BATON ROUGE LA 70805Gas TestN/AGas Pressure TestO Crystal Burton
1351 ELMCREST DR BATON ROUGE LA 70808Gas TestN/ARESIDENCIALO STEVE STROHSCEIN
14141 AIRLINE HWY BATON ROUGE LA 70817OccupancyN/ATurn on electric and gasO —
2108 O'NEAL LN BATON ROUGE LA 70816OccupancyN/ABEAUTY SUPPLY NO CONSTRUCTIONO MAHWISH ATIF
5348 HAMMOND ST BATON ROUGE LA 70805OccupancyN/ARental property that has been without powerO Gerald Charlet
5115 WASHINGTON AVE BATON ROUGE LA 70806Gas TestN/AGas TestO Anthony Phoenix
4079 SAINT ANDREW DR BATON ROUGE LA 70805PlumbingN/AHWH REPLACEMENT WITH FINAL INSPECTIONO DOREEN MILLER
12326 AIRLINE HWY BATON ROUGE LA 70809Commercial: RemodelN/ARenovation of 6900 sq. ft. of an existing car dealership and an addition of 685 sq. ft.O Richard Martorana
1860 BOULEVARD DE PROVINCE BATON ROUGE LA 70816OccupancyN/Aelectric unit turn onO Esther Stefansky
3556 MONTERREY DR BATON ROUGE LA 70814OccupancyN/ADANCE tHerAPPY is an enrichment program that provides dance classes weekly. Teaching youth and adults to use dance as a positive outlet of expression. Our mission is to empower lives through The Art of dance.O Rinata Hollins
1315 BALSAM AVE BATON ROUGE LA 70807OccupancyN/Ahouse has been without power for over 6 months; need to turn back onO Estate of Dolores M. Spikes
1860 BOULEVARD DE PROVINCE BATON ROUGE LA 70816OccupancyN/Aelectric unit turn onO Esther Stefansky
2310 SCENIC HWY BATON ROUGE LA 70802Commercial: RemodelN/ARenovation and change of occupancy from Factory to Assembly A-4 in 6,550 s.f. Suite B. Intended for boxing training and spectator viewing. Occupant load 299. Scope of work includes add restrooms, drinking fountain and sitework/parking.O Torrey Lewis
4710 O'NEAL LN BATON ROUGE LA 70817OccupancyN/Agift shop. No work or remodeling is needed. It is a finished room approx. 22 feet by 60 feet with small bathroom in corner.O —
1860 BOULEVARD DE PROVINCE BATON ROUGE LA 70816OccupancyN/AElectric unit turn onO Esther Stefansky
4749 Jefferson ave Baton Rouge LA 70802OccupancyN/AGarage Apartment behind 4753 Jefferson Ave.O Davasia Jones
1242 N FOSTER DR BATON ROUGE LA 70806OccupancyN/AOwner occupiedO Craig Bilbrew
9899 CORTANA PL BATON ROUGE LA 70815Commercial: NewN/ANew commercial construction of a trash and used tire enclosureO Randy Johnston
1860 BOULEVARD DE PROVINCE BATON ROUGE LA 70816Commercial: RemodelN/AFlood Damage Renovation of 5200s.f. Building 6 Units 33, 35, 37 & 39, 1 Bedroom. Each Unit is 630 sq ft. to total 2,520 s.f. Scope of work includes replacing roof, windows, sheetrock, insulation, flooring, electrical outlets and lighting, cabinets and vanities, plumbing fixtures and wall mount furnace(if necessary). Received 3' of water.O —
11777 INDUSTRIPLEX BLVD BATON ROUGE LA 70809Commercial: RemodelN/AInterior improvements for an existing 11,000 sq. ft. Business occupancy suite within a existing 31,243 sq. ft. multii-suite building that is protected by a supervised automatic sprinkler system. Scope of work includes New Electrical, Mechanical and Plumbing.O Lawrence Maestri
10723 BLDG B N OAK HILLS PKWY BATON ROUGE LA 70810OccupancyN/ADental office. Ownership changed 1/1/22 as well as legal name of business. We are now Baton Rouge Dental Specialists, LLC. Permit 131280 was issued 1/13/22 for Suite B (Building B). This application is for Suite C (which Entergy has registered as Suite B-C). The entire Building is 3,779. Suite C is roughly 1,889 sq feet. Entergy has requested we apply for the permit for Suite C.O Carrie-Anne Slaton
5860 CORPORATE BLVD BATON ROUGE LA 70808OccupancyN/ANeed a Zoning Conforming letter to obtain Liquor License.O 5860 Corporate Catering, LLC
8026 Jefferson Highway Apt. 355 Baton Rouge LA 70809OccupancyN/ARental ApartmentO Thomas Elkins
7575 JEFFERSON HWY BATON ROUGE LA 70806OccupancyN/AUses tables similar to what is found in a chiropractic practice to help clients stretch. It will be a wide open space other than the two (2) restrooms that were previously fully built out during the original development construction. Construction only consists of (1) 4' tall knee wall, paint, and flooring.O Jason Loerzel
19620 DEER CREEK DR ZACHARY LA 70791ElectricalN/ARebuild 200 amp serviceO Herbert Collier
1105 N 40TH ST BATON ROUGE LA 70802OccupancyN/AExisting houseO Johnny Andrews
7341 SHASTA CT BATON ROUGE LA 70811OccupancyN/Apermit for powerO thelma toussaint
1574 GOLDENROD AVE BATON ROUGE LA 70808PlumbingN/ARemove existing bathtub and part of the surround. Install a new bathtub in place of the old bathtub. Install new acrylic surround. The water and drain will attach to existing plumbingO Dana Brocato
4517 GUS YOUNG AVE BATON ROUGE LA 70802Commercial: RemodelN/AChange of use of 1260 sq. ft. building from take out seafood to Custom T-shirts production and sales, Business Use. NO Building, Electrical, Mechanical or Plumbing work.O Brandon Morgan
11744 ROBIN HOOD DR BATON ROUGE LA 70815PlumbingN/AHWH REPLACEMENT WITH FINAL INSPECTIONO DEBRA GREGORY
1741 N ACADIAN THWY W BATON ROUGE LA 70802OccupancyN/ACar wash.O —
1504 FLORIDA ST BATON ROUGE LA 70802ElectricalN/ACustomer is replacing control cables to the main breaker that requires a utility shut down for safety purposes. The scheduled shut down is set for March 21st 2022. Permit needs to be set up as will call when ready for the 21st of March.O Robert
1117 N 40TH ST BATON ROUGE LA 70802OccupancyN/AVacant property that needs to have power onO Johnny Andrews
22812 HOO SHOO TOO RD BATON ROUGE LA 70817ElectricalN/AElectrical service for exisitng water well and horse barn. House was distroyed in Hurricane IDA which WAS feeding barn and water well.O Ronnie Deville
3209 IVANHOE ST BATON ROUGE LA 70802Gas TestN/ACommercial Gas TestO —
4353 PERKINS RD BATON ROUGE LA 70808OccupancyN/Agroup fitnessO Lauren Temple
4574 BROUSSARD ST BATON ROUGE LA 70808PlumbingN/AInspect a water heater.O Charlotte Ray
10510 AIRLINE HWY BATON ROUGE LA 70809Commercial: RemodelN/AInterior renovation of 1,350 s.f. Suite B for commercial kitchen for syrup production. Scope of work includes plumbing work for drains, putting in an Type I exhaust hood and some electrical work.O Devin Yelverton
245 STE 5 N ACADIAN THWY BATON ROUGE LA 70806OccupancyN/AWe are a small payday loan companyO John Levert
7242 PERKINS RD BATON ROUGE LA 70808Commercial: RemodelN/ARenovation to an existing restaurant, consisting of new appliances, electrical, plumbing and mechanical. No new wall framing shown on plans.O Joshua Duke
415 W PARKER BLVD BATON ROUGE LA 70808OccupancyN/AApartments// Storage, laundry and security light. They are all on one meterO Brandy Rispone
18303 PERKINS RD E BATON ROUGE LA 70810OccupancyN/Agroup fitnessO Lauren Temple
11331 RIEGER RD BATON ROUGE LA 70809Commercial: NewN/A(Expedited Review) The building will be used as a car vending machine / fulfillment center.O Alimorad Haghighi
2336 CHEROKEE AVE BATON ROUGE LA 70806ElectricalN/AOld service in need of replacing. Service rebuildO Jim Disormeaux
8251 NED AVE BATON ROUGE LA 70820OccupancyN/AUnit has not been occupied for several months and power lapsedO frank klein
10707 HONORE LN BATON ROUGE LA 70809Hotel/MotelN/AHotel/Motel PermitO Vishal Josi
2090 MAIN ST BAKER LA 70714Hotel/MotelN/AHotel/Motel PermitO Ravi Josi
16005 MALVERN HILL AVE BATON ROUGE LA 70817ElectricalN/ARELOCATION OF EXISTING 200 AMP SERVICE. DEMCO ACCOUNT NO.: 332734O ERIC Kimbrough
4626 SHERWOOD COMMON BLVD BATON ROUGE LA 70816Occupancy: CleanN/AVacantO Haleema Iqbal
16645 STE G2 HIGHLAND RD BATON ROUGE LA 70810OccupancyN/AEyelash salon for ladies eyelash extensionO luan ta
3535 STE 200 PERKINS RD BATON ROUGE LA 70808Commercial: RemodelN/AMinor interior renovation to demolish non-load bearing walls in portions of the building along with removing tract lighting, flooring and other cosmetic finishes as indicated on plans. Remodel permit for the building under project #130434. per B. SteinerO —
1965 COLORADO ST BATON ROUGE LA 70802OccupancyN/Avacant houseO Blue Construction
760 DARTMOOR DR BATON ROUGE LA 70815OccupancyN/Avacant homeO Jim Fussell
3535 STE 300 PERKINS RD BATON ROUGE LA 70808OccupancyN/AClean and ShowO Debbie Lister
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