The Pulse: Baton Rouge

The Pulse BR: Two Geaux Clean car wash locations sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10202 Perkins Rowe Type: Mixed-Use Price: $41,800,000 ($184,956 / Unit) Buyer: Perkins Rowe Owner LLC Elifin's Notes: Terraces at Perkins Rowe, the 226 unit apartment complex at Perkin's Rowe, sell to Avid Realty Partners, a New York Multifamily investment firm. Tracts 17-A & 18-A Bluebonnet Blvd Type: Land Price: $3,914,475 ($35.95 /...

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The Pulse BR: Lake Surgery Center on Perkins sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7145 Perkins Rd Type: Office Price: $8,950,000 ($383 / SF) Buyer: Perkins Plaza Development LLC Elifin's Notes: OLOL sells the Lake Surgery Center on Perkins Rd to a business owned in part by Dr. Larry "Chip" Bankston, Jr, local orthopedic surgeon. 249 Richland Avenue Type: Multifamily Price: $1,300,000 ($65,000 / Unit) Buyer: M...

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The Pulse BR: Former Spanish Moon on Highland Rd sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11271 Reiger Rd Type: Hospitality Price: $10,250,000 ($101,485 / Unit) Buyer: ALH Properties No Twenty Six LP Elifin's Notes: American Liberty Hospitality, a Texas-based hotel development and management company, purchases the Hampton Inn & Suites Baton Rouge off Reiger Rd. 9181 Interline Ave Type: Office Price: $10,030,000 ($364 / SF) Buyer: NGP VII...

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The Pulse BR: Former Chase Bank on Government St sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3012 Government St Type: Retail Price: $913,000 ($231 / SF) Buyer: North Corporate Properties LLC Elifin's Notes: Former Chase Bank in Mid City sells to local investor. 11236 Pennywood Ave Type: Industrial Price: $840,000 ($115 / SF) Buyer: LSC Holdings LLC Elifin's Notes: Lawrence Maestri and George Murrell purchase climate controlled office/warehouse off Siegen...

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The Pulse BR: City of Central purchases 9.5 acres

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9708 Greenwell Springs Rd Type: Retail Price: $2,325,000 ($775,000 / Unit) Buyer: Park Forest Self Storage LLC Elifin's Notes: Shopping center on Greenwell Springs Rd sells to Midwest Self Storage Development, a company that repurposes underutilized commercial properties into state-of-the-art climate controlled storage facilities. Tracts 6-B, 6-D, 6-E, 6-F Plank...

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The Pulse BR: Roumain Building in downtown sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 343 3rd St Type: Office Price: $2,000,000 ($67 / SF) Buyer: Antonio Clayton Elifin's Notes: Tony Clayton of the law firm Clayton, Fruge & Ward, purchases 6 story office building in downtown Baton Rouge. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Procel, LLC Elifin's Notes: Commercially zoned lot...

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The Pulse BR: Proposed new subdivision at Beaver Creek

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1900 Lobdell Blvd Type: Office Price: $13,950,000 ($390 / SF) Buyer: GEO Academies Louisiana Holdings Inc Elifin's Notes: GEO Prep Academy purchases its Mid City campus off Lobdell Blvd. Tract X-5-A-1 Commercial Dr Type: Land Price: $1,345,219 ($6.89 / Land SF) Buyer: Daniel Kennedy Properties LLC Elifin's Notes: Local investor purchases more than 4...

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The Pulse BR: Impact Charter School purchases Baker property

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4815 Lavey Lane Type: Specialty Price: $8,530,000 ($252 / SF) Buyer: Friends of Impact Charter Schools Elifin's Notes: Impact Charter School purchases their facility on Lavey Lane in Baker. 19.5 Acre Tract Highland Rd Type: Land Price: $5,250,000 ($6.18 / Land SF) Buyer: The Lake at Magnolia Woods LLC Elifin's Notes: 19.5 acres of...

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The Pulse BR: Royal Palms Apartments sold for 30 million

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10245 Airline Highway Type: Multifamily Price: $30,000,000 ($238,095 / Unit) Buyer: LTL Royal Palms-Baton Rouge DST Elifin's Notes: The Royal Palms apartments off Airline Hwy near the I-12 intersection sells to California-bases LTL Investments, a vertically integrated multifamily investment and management firm. 505 E Airport Ave Type: Office Price: $5,904,000 ($455 /...

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The Pulse BR: Former George’s Building Under Perkins Overpass Sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11528 Old Hammond Highway Type: Multifamily Price: $11,300,000 ($60,753 / Unit) Buyer: TV Eden Point LLC Elifin's Notes: Eden Point Apartments, a 186 unit complex on Old Hammond Hwy, sells to California-based investors. 7414 Sumrall Dr Type: Healthcare Price: $2,227,500 ($58 / SF) Buyer: GBT Properties LLC Elifin's Notes: Former assisted living facility on...

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