The Pulse: Baton Rouge

Latin restaurant entity purchases property on Florida Blvd

The September 18, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $3.91M in disclosed volume. The headline deal: GFC Leasing Corp LLC, Texas-based buyers, paid $650K ($277.19/SF) for a former KFC location on Greenwell Springs Road near Monterrey Drive. Land led the week with five of the eleven sales, including a three-acre lot near...

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Southern Roots Outfitters purchases land in Zachary

The September 11, 2023 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $1.24M in disclosed volume. The headline deal: Southern Roots Outfitters LLC, a Zachary-based company, paid $550K ($2.51/Land SF) for vacant lots at Montegudo Drive and Bob Odom Drive in Zachary. The other two sales were four retail properties on Florida Boulevard near the...

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Walgreens on Highland Road sold for 2.8 million

The September 4, 2023 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $5.22M in disclosed volume. The headline deal: Cardinal Green Investments LLC paid $2.84M ($216.52/SF) for the Walgreens at Highland Road and West Lee Drive. Industrial led the week with four of the nine sales, including an industrial building on Joor Road in Central...

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Behavioral Intervention Group purchases their Siegen Lane clinic

The August 28, 2023 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $6.42M in disclosed volume. The headline deal: CR Ventures LLC, for learning center The Behavioral Intervention Group, paid $1.48M ($81.94/SF) for the group's clinic on Siegen Lane, bought from the Matherne Family. Retail led the week with five of the ten sales, including...

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Building in Belle of Baton Rouge complex sold

The August 21, 2023 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $14.1M in disclosed volume. The headline deal: Agree Central LLC, for Michigan-based real estate investment firm Agree Realty, paid $6.52M ($343.41/SF) for the Tractor Supply on Main Street in Zachary. Retail and office led with three sales each, as Gaming & Leisure Properties...

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Goodwood Place Apartments sell for 11mm

The August 14, 2023 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $14.3M in disclosed volume. The headline deal: NMP-Goodwood LLC, a local investor, paid $11M ($59,783/unit) for Goodwood Place Apartments, a 184-unit complex on Apartment Court Drive off Government Street. All four sales were multifamily, as the same buyer also bought Marquette Place, a...

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Tri-Care Automotive property sells for 3.75mm

The August 7, 2023 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $6.41M in disclosed volume. The headline deal: The Machine Shop of Baton Rouge LLC paid $3.75M for the Tri-Care Automotive repair shop on Airline Highway. Retail accounted for two of the five sales, including the Learning On Us daycare center, bought by local...

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Central Oil & Supply purchase property off S Choctaw

The July 31, 2023 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $2.17M in disclosed volume. The headline deal: Arkansas Elder Outreach of Little Rock Inc, a nonprofit specializing in senior care, paid $1.5M ($285.71/SF) for an office building on Hillary Court off Bluebonnet Boulevard. Office and industrial split the week with two sales each,...

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Multifamily developer purchases 6 acres on Picardy Ave

The July 24, 2023 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $7.31M in disclosed volume. The headline deal: The Heights at Picardy LLC, for Hammond-based multifamily development firm The STOA Group, paid $6.18M ($22.15/Land SF) for more than six acres on Picardy Avenue. The other two sales were offices: a Creekstone Office Park building...

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The Lodges at 777 on Ben Hur sell

The July 17, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $94M in disclosed volume. The headline deal: LMP Baton Rouge Property Owner LLC, for Georgia-based multifamily investment firm Landmark Properties, paid $84.4M ($220,942/unit) for The Lodges at 777, a 382-unit apartment complex on Ben Hur Road near LSU's campus. Multifamily and retail led...

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