The Pulse: Baton Rouge

Impact Charter School purchases Baker property

The October 3, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $23.1M in disclosed volume. The headline deal: Friends of Impact Charter Schools paid $8.53M ($252/SF) for Impact Charter School's facility on Lavey Lane in Baker. Land led the week with three of the eleven sales, including 19.5 acres of undeveloped land in the...

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Royal Palms Apartments sold for 30 million

The September 26, 2022 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $46.7M in disclosed volume. The headline deal: LTL Royal Palms-Baton Rouge DST, for California-based multifamily investment and management firm LTL Investments, paid $30M ($238,095/unit) for the Royal Palms apartments off Airline Highway near I-12. Office led the week with seven of the fourteen...

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Former George’s Building Under Perkins Overpass Sold

The September 19, 2022 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $19.9M in disclosed volume. The headline deal: TV Eden Point LLC, California-based investors, paid $11.3M ($60,753/unit) for Eden Point Apartments, a 186-unit complex on Old Hammond Highway. Multifamily and retail led with two sales each, including 62 units in the Colonial Terrace Condominiums...

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Arlington Cottage Apartments sell to Chicago Investors

The September 12, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $29.7M in disclosed volume. The headline deal: Louisiana Paradigm LLC, a local investor, paid $12M ($442/SF) for the Republic Finance building on Commerce Circle in Towne Center in a lease-back agreement. Retail led the week with four of the eleven sales, including Raising...

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Baton Rouge General Purchases Land

The September 5, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $24.4M in disclosed volume. The headline deal: Acadian Place 2022 LLC, a Baltimore-based investor, paid $7.32M ($61,000/unit) for the Acadian Place Apartments, a 120-unit complex on South Flannery Road near Goodwood Boulevard. Multifamily, office and industrial each accounted for two sales, while Colorado-based...

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Multiple Geaux Clean Car Wash locations sold to Investors

The August 29, 2022 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $4.46M in disclosed volume. The headline deal: Ross Gold LLC, the owners of Desselle Funeral Home, paid $1.3M ($181/SF) for the funeral home's facility on Eddie Robinson Sr. Drive in downtown Baton Rouge. Retail led the week with seven of the sixteen sales,...

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Waffle House Purchases Lot on W Lee Drive

The August 22, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $18.5M in disclosed volume. The headline deal: Orion Holdings LLC, for Orion Laboratories, paid $6.87M ($208/SF) for CitiPlace Centre II, a two-story office building off Corporate Boulevard. Retail and land led with three sales each, including the Walgreens at Airline Highway and Old...

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Zachary Shopping Center Sells to Local Investor

The August 15, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $8.6M in disclosed volume. The headline deal: Shree Zachary LLC, a local investor, paid $5.75M ($205/SF) for a shopping center on Old Scenic Highway in Zachary. Office led the week with three of the seven sales, including a medical office on Essen Lane...

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Government Street Rezoning For Mixed Use Development

The August 8, 2022 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $10.4M in disclosed volume. The headline deal: Pinnacle Warehouse LLC paid $3.2M ($285/SF) for an office building with a warehouse and a vacant 1.2-acre lot on Highlandia Drive. Office led the week with three of the ten sales, while local investors Lanny and...

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