The Pulse BR: Multifamily developer purchases 6 acres on Picardy Ave

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

Tract 2X Picardy Ave
Tract 2X Picardy Ave

Type: Land
Price: $6,175,000 ($22.15 / Land SF)
Buyer: The Heights at Picardy LLC
Elifin’s Notes: The STOA Group, a Hammond-based multifamily development firm, purchase 6+ acres on Picardy Ave.

11412 Lake Sherwood Ave N
11412 Lake Sherwood Ave N

Type: Office
Price: $710,000 ($151.39 / SF)
Buyer: LSABR LLC
Elifin’s Notes: Creekstone Office Park building sells to Metairie-based investor.

16969 Jefferson Hwy
16969 Jefferson Hwy

Type: Office
Price: $425,000 ($211.23 / SF)
Buyer: Panacea Rehab LLC
Elifin’s Notes: Former bank branch sells at the intersection of Jefferson Hwy and Highland Rd.


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 $100,000. 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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