04 Jan Robinson Bros Purchase Highland Rd Retail Center, LWCC Purchases Adjacent Restaurant

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The January 4, 2021 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $6.28M in disclosed volume. The headline deal: Louisiana Workers' Compensation Corporation paid $2.17M ($482/SF) for the Mestizo restaurant property near its office on South Acadian Thruway near I-10. Robinson Brothers Inc bought the multi-tenant retail property at Highland Road and East Petroleum Drive...

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28 Dec 47 Million Dollar Multifamily Sale and Rezoning on Highland for Bed & Breakfast

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The December 28, 2020 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $55.5M in disclosed volume. The headline deal: Citiscape Essen LLC, multi-family investor Jakob Medve, paid $47.5M ($219,907/unit) for the Citiscape at Essen apartments on Mancuso Lane. PRICECO WEST, the Price Leblanc family, bought two parcels of land on Sullivan Road in Central for...

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21 Dec Land Sold for Drake’s Apartments on N Ardenwood

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The December 21, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $4.78M in disclosed volume. The headline deal: Drakes Landing Apartments, LP paid $1.5M ($1.32/SF) for the land for Drake's Landing Apartments at 801 North Ardenwood Drive. Burn Rubber LLC bought an office building on Jefferson Highway for $1.02M, and Emerald Magnolia Properties LLC...

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14 Dec Apartment Complex Sells for 23.9 Million

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The December 14, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $28.9M in disclosed volume. The headline deal: MIMG CLXXIV Afton Oaks LLC, MIMG FWCO Afton Oaks LLC and D&J Afton Oaks LLC, for Colorado-based Monarch Investment and Management Group, paid $23.9M ($84,155/unit) for the 284-unit Afton Oaks Apartment Homes on Newcastle Avenue. Our...

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07 Dec Interline Office Building Sells for 10m, Land in Rouzan Development Sells for 7m

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The December 7, 2020 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $19.8M in disclosed volume. The headline deal: EGP 9181 Baton Rouge LLC, Easterly Government Properties, paid $10.5M ($380/SF) for the 100% occupied, single-tenant Executive Centre on Interline Avenue, leased to the Health Resources & Services Administration until 2040. New Orleans-based Key Real Estate...

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30 Nov ANMC Plaza Building on Sherwood Sold for 1.95 Million

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The November 30, 2020 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $3.41M in disclosed volume. The headline deal: Kumar LLC, a Hammond-based investor, paid $1.95M ($54/SF) for a 50% leased office building on South Sherwood Forest Boulevard. Symphony Homes Inc bought six duplex units and two cottages on Costello Lane for $593K, and a...

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23 Nov Raising Cane’s Purchases Four Locations and Proposed Whataburger on Burbank

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The November 23, 2020 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $22M in disclosed volume. The headline deal: DB Heron Pointe LLC, a local real estate developer, paid $15M ($2.66/Land SF) for 12.927 acres on Parkknoll Avenue near the Airline Highway and Jefferson Highway intersection. Raising Cane's Restaurants, L.L.C. bought four of its own...

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16 Nov Popeyes on Burbank Sold for 5.35% Cap Rate

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The November 16, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $11.2M in disclosed volume. The headline deal: Priceco West, L.C., the Price LeBlanc auto dealership, paid $5.08M ($1.31/Land SF) for acreage off Airline Highway near Antioch Road. A New Jersey-based investor bought the net-leased Popeyes off Burbank Drive near Bluebonnet Boulevard for $3.4M,...

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09 Nov Planned 44-Unit Townhome Development on Nicholson

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The November 9, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $11.9M in disclosed volume. The headline deal: Zachary Trails LLC, an Alabama-based investor, paid $9.93M ($0.82/Land SF) for 277.76 acres off Old Scenic Highway, buying back a portion of the 313.61 acres sold to D.R. Horton in October 2019. A Prairieville-based investment group...

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02 Nov IDEA Public Schools Purchases Facility Near Burbank Dr + 16 Acres off Plank Rd

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The November 2, 2020 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $22.7M in disclosed volume. The headline deal: IPS Innovation LLC, IDEA's headquarters in Weslaco, Texas, paid $16.5M ($194/SF) for the IDEA Innovation Charter School location on Innovation Park Drive. DSLD Homes, LLC bought 57 lots off Burbank Drive for its new Kenilworth Crossing...

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