The Pulse: Baton Rouge

Three High Dollar Office Sales, Furniture Mart Sold

The August 2, 2021 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $13.9M in disclosed volume. The headline deal: FSC Diversified I Manager LLC, New Jersey-based real estate investment firm Four Springs Capital Trust, paid $6.27M ($563/SF) for the Fresenius Kidney Care facility on Mancuso Lane off Picardy Avenue. Office led the week with four...

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Bluebonnet Medical Office Sold for 6mm, Government Street Rezoning

The July 26, 2021 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $12.4M in disclosed volume. The headline deal: CCI Baton Rouge II LLC, Indianapolis-based healthcare real estate investment firm Cornerstone Companies, paid $6.1M ($541/SF) for the Interventional Pain Medical Center off Bluebonnet Boulevard. Office led the week with six of the eleven sales, including...

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The Retreat at Brightside Sold for 24.5mm

The July 19, 2021 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $31.1M in disclosed volume. The headline deal: Retreat RVF Property LLC, Savannah-based investment firm Wicker Park Capital Management, paid $24.5M ($100,410/unit) for the Retreat at Brightside, a 244-unit apartment complex near Brightside Drive and Nicholson Drive. Land and office each accounted for four...

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Dupree Apartments Sold, Proposed Subdivision on Staring Lane

The July 12, 2021 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $1.42M in disclosed volume. The headline deal: Dupree Apartment Holdings LLC, a local investor, paid $1.02M ($170,000/unit) for the Dupree Apartments on Spanish Town Road in the Spanish Town Historic District. The other three sales were two vacant, commercially zoned lots off South...

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Over 50mm in Multifamily Sales, Introducing Coterie Exchange

The July 5, 2021 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $73.9M in disclosed volume. The headline deal: City Heights on Coursey LLC, California-based multifamily real estate investment firm SB Pacific Group, paid $49.8M ($141,338/unit) for the 352-unit Coursey Place apartments off Coursey Boulevard near Jones Creek Road. Multifamily led the week with five...

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State Purchases Land for Comite Diversion, Elifin is hiring

The June 28, 2021 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $10.9M in disclosed volume. The headline deal: LA State Department of Transportation paid $4M ($0.62/Land SF) for 149 acres off Old Scenic Highway in Zachary as part of the Comite Diversion Canal project. Office led the week with four of the thirteen sales,...

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Winn-Dixie on Coursey Sold, Floor & Decor Purchases Future Site

The June 21, 2021 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $6.53M in disclosed volume. The headline deal: Englade Investments LLC, a Hammond-based investor, paid $2.95M ($67,045/unit) for Sherwood Shadow Condos, a 44-unit complex near Bard Avenue and North Sherwood Forest Drive. Retail and land each accounted for three of the ten sales, including...

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YWCA Expanding and 7mm Dollar Land Sale on Bluebonnet

The June 14, 2021 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $12.4M in disclosed volume. The headline deal: Bend on Bluebonnet LP, Indianapolis-based real estate development firm TWG Management, paid $7.72M ($13.46/Land SF) for more than 13 acres near Bluebonnet Boulevard and Burbank Drive. Land led the week with three of the nine sales,...

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Three Former Bank Locations Sell to Local Investors

The June 7, 2021 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $5.54M in disclosed volume. The headline deal: Exchangeright Net-Leased Portfolio 47 DST, California-based real estate investment firm Exchangeright, paid $2.72M ($288/SF) for the Fresenius Medical Care facility on Groom Road in Baker. Retail led the week with four of the eight sales, including...

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Assisted Living Company Purchases 25+ Acres in Central

The May 31, 2021 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $8.12M in disclosed volume. The headline deal: 850 CV Owner LLC, a Texas-based investor, paid $2.06M ($108,211/unit) for Capital View Apartments, a 19-unit complex on North Fifth Street near the state capitol. Multifamily and office each accounted for five of the sixteen sales,...

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