09 Sep $30m Multifamily Purchase by Colorado Investment Group
The September 9, 2019 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $34.1M in disclosed volume. The headline deal: MIMG CLIV Longridge Sub, LLC & MIMG LR4 Longridge, LLC, Colorado-based Monarch Investment and Management Group, paid $16M ($111,111/unit) for the Longridge Apartment complex at 11999 Longridge Avenue off South Sherwood Forest Boulevard. Monarch also bought...
03 Sep $20m Multifamily Sale + Former Barcadia Rezoning + New Bar on George Oneal
The September 3, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $28.9M in disclosed volume. The headline deal: Live Oaks Baton Rouge Apartments LLC, a New Orleans area investor, paid $20.5M ($111,413/unit) for the Live Oaks apartment complex at 12901 Jefferson Highway at Stumberg Lane. Block Investors LLC, also a New Orleans investor, bought...
26 Aug $10m+ Hospitality Sale
The August 26, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $10.9M in disclosed volume. The headline deal: Maruti Investments 1, LLC paid $6.05M ($47,987/unit) for the Hyatt Place hotel at 6080 Bluebonnet Boulevard near I-10, across from the Mall of Louisiana. The same investor bought the TownePlace Suites by Marriott on Summa Avenue...
19 Aug $8.5m Office Sale on Sherwood + BTR Airport Expanding Boundary
The August 19, 2019 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $11.3M in disclosed volume. The headline deal: 4000 Sherwood LLC & Sherwood 4 LLC, investors David Divincenti Jr. and Patrick Cusick, paid $8.53M ($109/SF) for the office building at 4000 South Sherwood Forest Boulevard. Four of the ten sales were duplexes and a...
12 Aug Alvarez Construction buys Staring Lane land for $2.99M
The August 12, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $4.06M in disclosed volume. The headline deal: Alvarez Construction Co LLC paid $2.99M ($4.57/SFofLand) for land on Staring Lane near Highland Road for its Fieldstone Park development, a gated residential community. Waffle House bought a parcel at the corner of Staring Lane and...
05 Aug Central Private School buys 27 acres on Joor Road for $1.09M
The August 5, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $4.77M in disclosed volume. The headline deal: Central Private School Inc paid $1.09M ($0.92/SF) for 27 acres at 12014 Joor Road near Gurney Road in Central for a new campus. The Pediatric Place doctors bought a tract at the Highland Road Marketplace for...
29 Jul Massad Olinde buys 6700 Jefferson office building for $2.95M
The July 29, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $5.59M in disclosed volume. The headline deal: M202 LLC, Massad Olinde Benefits Consulting Firm, paid $2.95M ($195/SF) for Building 7 in 6700 Jefferson Office Park at 6700 Jefferson Highway. The Inland Real Estate Group bought Safeguard Self Storage on Jefferson Highway for $1.4M,...
22 Jul LaCour’s Carpet World buys former Kean’s on Perkins for $650K
The July 22, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $2.79M in disclosed volume. The headline deal: Samuel & David Lacour paid $650K ($167/SF) for the former Kean's the Cleaner at 4665 Perkins Road, where LaCour's Carpet World will relocate from Tom Drive. LaCour's sold its Tom Drive location for $640K, Krispy Kreme...
15 Jul Former Church of the Way campus on South Foster sells for $1.2M
The July 15, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $2.53M in disclosed volume. The headline deal: 250 SF LLC, consultant Perry Franklin of Franklin Associates, paid $1.2M for the former campus of Church of the Way Presbyterian at 250 South Foster Drive. Steve Caruso bought two fourplexes and two eightplexes in the...
08 Jul Our Lady of the Lake buys Picardy Avenue medical offices for $1.33M
The July 8, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $4.89M in disclosed volume. The headline deal: Our Lady of the Lake Hospital Inc paid $1.33M ($177/SF) for medical office space at 7566 Picardy Avenue near its Essen campus. Brandon Brown's Francis Zachary Holdings LLC bought 15 acres of Fellowship Church's Mount Pleasant...