The Pulse: Baton Rouge

Developer purchases 250+ acres just outside Baker

The June 24, 2024 issue covers seven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $4.76M in disclosed volume. The headline deal: Keystone Square LLC, a local developer, paid $2.31M ($0.20/Land SF) for over 250 acres of land zoned commercial and rural on Old Scenic Highway just outside Baker. Land led the week with three of...

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Chipotle property on Siegen sold to Las Vegas investors

The June 17, 2024 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $4.98M in disclosed volume. The headline deal: CFT NV Developments LLC, Las Vegas-based investors, paid $1.68M ($45.24/SF) for land adjacent to Chipotle on Siegen Lane. Land, industrial and office accounted for two sales each, while the Royal Inn & Suites, a...

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Downtown Building in Belle of Baton Rouge complex sold

The June 10, 2024 issue covers two commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.15M in disclosed volume. The headline deal: GLP Capital, LP, Gaming & Leisure Properties, paid $1.47M ($139.62/SF) for a building in the Belle of Baton Rouge complex on Mayflower Street downtown. The week's other sale was a set of office buildings...

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Geismar industrial properties sold for 7.2mm

The June 3, 2024 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $15.2M in disclosed volume. The headline deal: Casso Enterprises LLC paid $4.2M ($148.94/SF) for two non-adjacent properties in the Copperhead Industrial area in Geismar. Industrial led the week with six of the twelve sales, including Casso Enterprises' second purchase, two neighboring...

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Walgreens on Highland sold to NY Investor

The May 27, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $4.84M in disclosed volume. The headline deal: 5298 Highland Rd LLC, a New York-based investor, paid $3.55M ($287.80/SF) for the Walgreens on the corner of Highland Road and Lee Drive. Retail and industrial accounted for two sales each, including an industrial...

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Ascension Parish Government purchases 15+ acres

The May 20, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.43M in disclosed volume. The headline deal: Ascension Parish Government paid $735K ($2.25/Land SF) for 7.5+ acres within an existing 14+ acre tract fronting Weber City Road in Gonzales. Land accounted for two of the five sales, the other an 8+...

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Podnuh’s BBQ on Sherwood sells to local investors

The May 13, 2024 issue covers thirteen commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $8.66M in disclosed volume. The headline deal: Hailiang Lin paid $1.45M ($173.34/SF) for the South Sherwood Forest Boulevard property formerly used as the Volcano Korean BBQ & Hot Pot restaurant. Retail and multifamily led the week with four sales each, including...

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Hampton Inn on Consititution sells to Lafayette company

The May 6, 2024 issue covers eleven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.37M in disclosed volume. The headline deal: Jase Enterprises LLC paid $875K ($12.17/Land SF) for a 1+ acre parcel of commercial land along Louisiana Highway 30 in Gonzales. Industrial led the week with three of the eleven sales, while GAP Hotels,...

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Local investor purchases 28 homes

The April 29, 2024 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $8.01M in disclosed volume. The headline deal: Ujjagar Investment LLC, a local investor, paid $1.8M ($11.67/Land SF) for a vacant lot off Bluebonnet Boulevard near the Celtic Drive intersection. Land led the week with four of the twelve sales, while a...

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Retail Center sells near Highland at Lee

The April 22, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.52M in disclosed volume. The headline deal: FNLR Non-Friction LLC, California-based buyers, paid $1.22M ($62.16/SF) for a large industrial facility and vacant lot on the corner of Wilbur Street and Rosenwald Road. Retail and office accounted for two sales each, including...

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