The Pulse

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Microtel Inn & Suites on Rieger Road sells for $2.64M

The April 22, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $5.45M in disclosed volume. The headline deal: Zodiac21 Inc paid $2.64M for the Microtel Inn & Suites at 10645 Rieger Road near I-10 and Siegen Lane. E Eric Guirard bought an office building on One Calais Avenue visible from I-10 for $675K, and...

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Siegen Village Shopping Center sells for $18.3M

The April 15, 2019 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $33.6M in disclosed volume. The headline deal: GC Siegen LLC paid $18.3M ($108/SF) for Siegen Village Shopping Center, anchored by Office Depot, Stage and Big Lots, at 6900-7044 Siegen Lane. CFOC Baton Rouge LA LLC bought the SpringHill Suites in Howell Place near...

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Foundation for Louisiana Students buys Bennington corner for $600K

The April 8, 2019 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $2.57M in disclosed volume. The headline deal: Foundation for Louisiana Students paid $600K ($8.12/SF) for the corner of Bennington Avenue and Valley Creek Drive. Three buildings at the north gates of LSU's campus, with eight residential and two retail units, sold on West...

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Five-unit apartment complex off Sherwood Forest sells for $585K

The April 1, 2019 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $947K in disclosed volume. The headline deal: Danos Durham, LLC paid $585K ($77.22/SF) for a five-unit multifamily complex plus surplus land at 4521 Durham Place, just off South Sherwood Forest Boulevard. Two industrial buildings that once housed an electric motor service company sold...

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Former Sam’s Club on Cortana Place sells for $5.62M

The March 25, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $11.5M in disclosed volume. The headline deal: BEAD SALE, LLC, the company behind MardiGrasOutlet.com, paid $5.62M ($41.30/SF) to Sam's Real Estate Business Trust for the former Sam's Club at 9598 Cortana Place, reportedly to become a warehouse and fulfillment center. Ruffino's Restaurant on...

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Former Scully Financial office on Bluebonnet sells for $2.65M

The March 18, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $8.87M in disclosed volume. The headline deal: K & H Properties, LLC, owners of The Aesthetic Medicine & Anti-Aging Clinic, paid $2.65M ($265.00/SF) for the former Scully Financial office they occupy at 8485 Bluebonnet Boulevard. Anthem Bank & Trust bought the former IBERIABANK...

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Former Haverty furniture store on Airline Highway sells for $2.25M

The March 11, 2019 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $2.95M in disclosed volume. The headline deal: St. Cyr Real Estate, LLC paid $2.25M ($52.36/SF) to Haverty Furniture Companies for the former furniture store at 8680 Airline Highway, bought for Vivid Ink's expansion. Gordon McKernan bought the office building at Jefferson Highway and...

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Closed restaurant on Coursey to become plasma center

The March 4, 2019 issue covers fifty-five commercial permits issued in Baton Rouge the previous week and two Planning Commission cases. A rezoning from Heavy Commercial (C2) to Commercial Alcoholic Beverage (C-AB-2) was requested for the Fred's / Reggie's bar expansion in Tigerland, and a closed restaurant on Coursey sought rezoning from Rural to Light Commercial (LC3) to become a...

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Rezoning sought for Drago’s restaurant off I-10 and College Drive

The February 25, 2019 issue covers sixty-five commercial permits issued in Baton Rouge the previous week and three Planning Commission cases. A rezoning from Heavy Commercial (C2) to Commercial Alcoholic Beverage (C-AB-1) was requested for the planned Drago's restaurant off I-10 and College Drive, an applicant sought Heavy Commercial (HC1) zoning for a used car lot on Greenwell Springs, and...

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Rouzan lot revisions and Our Lady of Mercy columbarium on the docket

The February 18, 2019 issue covers seventy-seven commercial permits issued in Baton Rouge the previous week and three Planning Commission cases. The requests included rezoning 0.56 acres from Single Family Residential (A1) to ISPUD for the four-home Highpointe Oak Subdivision, revised Rouzan lot plans (Phase 5, Revision 4) that reduce the number of proposed lots, and re-approval of Our Lady...

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