The Pulse

The Pulse LFT: Two hotels sell in Lafayette

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1720 Kaliste Saloom Rd (Units B6, B7), Lafayette, LA 70508 Type: Office Price: $250,000 ($125.00 / SF) Buyer: LE CARRE PROPERTIES LLC Elifin's Notes: A pair of office units sell within the Le Carre Office Park. 2225 NW Evangeline Thwy, Lafayette, LA 70501 Type: Hospitality Price: Withheld Buyer: BAPU 8 OF LAFAYETTE LLC Elifin's Notes:...

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The Pulse NOLA: Restaurant and bar portfolio sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4704 Veterans Memorial Blvd, Metairie, LA 70006 Type: Retail Price: $3,475,000 ($259.79 / SF) Buyer: AREA 55 LLC Elifin's Notes: A retail strip center sells along Veterans Memorial Boulevard in Metairie. 117 Central Dr, Metairie, LA 70005 Type: Industrial Price: $475,000 ($121.79 / SF) Buyer: 117 CENTRAL DRIVE LLC Elifin's Notes: An industrial property...

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The Pulse BR: Highland Village Shopping Center sells for 8.3mm

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 5255 Highland Rd, Baton Rouge, LA 70808 Type: Retail Price: $8,300,000 ($114.47 / SF) Buyer: RG Highland LLC Elifin's Notes: The Walmart-anchored Highland Village Shopping Center, comprising three buildings, sells to a Laplace-based buyer. 11777 Coursey Blvd, Baton Rouge, LA 70816 Type: Retail Price: $995,000 ($194.22 / SF) Buyer: MAARS Properties...

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The Pulse NOLA: New Orleans Center for Creative Arts sells to State of LA

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2831 Chartres St, New Orleans, LA 70117 Type: Industrial Price: $8,000,000 ($163.33 / SF) Buyer: STATE OF LOUISIANA Elifin's Notes: The State of Louisiana acquires the New Orleans Center for Creative Arts facility on Chartres Street. 1435 Japonica St, New Orleans, LA 70117 Type: Industrial Price: $2,050,000 ($58.69 / SF) Buyer: STAY READY...

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The Pulse LFT: Land on Johnston St sells for $19.60 PSF

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 6300 Johnston St, Lafayette, LA 70503 Type: Land Price: $965,000 ($19.60 / Land SF) Buyer: 6321 JOHNSTON LLC Elifin's Notes: A 1.1+ acre parcel of land sells at the corner of Johnston Street and Bellevue Plantation Road. 350 E Farrel Rd, Lafayette, LA 70508 Type: Land Price: $643,000 ($10.25 / Land SF) Buyer: SOUTHERN...

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The Pulse BR: 100+ acres sell off Hooper Road

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 8871 Florida Blvd, Baton Rouge, LA 70815 Type: Retail Price: $2,291,000 ($1,058.20 / SF) Buyer: Loker LLC Elifin's Notes: A California-based company acquires a Starbucks-occupied property right off of Florida Boulevard and Airline Highway. 527 E Airport Ave, Baton Rouge, LA 70806 Type: Office Price: $990,000 ($184.19 / SF) Buyer: TWRU...

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The Pulse NOLA: Ruth’s Chris property on Veterans sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1770 Tchoupitoulas St, New Orleans, LA 70130 Type: Mixed-Use Price: $8,065,000 ($78.84 / SF) Buyer: 1770 TCHOUPITOULAS, INC. Elifin's Notes: A mixed-use property, comprising three buildings including an apartment complex and a storage facility, sells on Tchoupitoulas Street. 7122, 7130 Crowder Blvd, New Orleans, LA 70127 Type: Multifamily Price: $1,187,500 ($56,548 /...

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The Pulse LFT: Lafayette Parish School Board purchases land

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 106 Oil Patch Rd, Broussard, LA 70518 Type: Industrial Price: $1,850,000 ($154.17 / SF) Buyer: OIL PATCH REAL ESTATE HOLDINGS LLC Elifin's Notes: Oil Patch Real Estate Holdings acquires a newly constructed industrial property within the Garber Industrial Park in Broussard. 207 Fairlane Dr, Lafayette, LA 70507 Type: Industrial Price: $820,000 ($51.25 /...

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The Pulse BR: 235+ Acres sell in Zachary

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 300 Mount Pleasant Rd, Zachary, LA 70791 Type: Land Price: $1,900,000 ($0.19 / Land SF) Buyer: GDE Tiger Drilling LLC Elifin's Notes: An Oakdale-based entity purchases 235+ acres of land in Zachary. 5969 McClelland Dr, Baton Rouge, LA 70805 Type: Industrial Price: $1,100,000 ($32.99 / SF) Buyer: WHL Holdings LLC Elifin's Notes:...

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The Pulse LFT: Sage Specialty Hospital property sells for 7.9mm

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 204 Energy Pkwy, Lafayette, LA 70508 Type: Healthcare Price: $7,900,000 ($148.25 / SF) Buyer: W & F BUILDING MAINTENANCE CO Elifin's Notes: A healthcare property, occupied by Sage Specialty Hospital, sells near Feu Follet Road. 1223 Camellia Blvd, Lafayette, LA 70508 Type: Office Price: $1,300,000 ($309.52 / SF) Buyer: CORDOVA POIRIER REAL ESTATE LLC Elifin's...

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