The Pulse: Baton Rouge

Former Rite Aid at Siegen Lane / Perkins Rd Sold

The June 8, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.67M in disclosed volume. The headline deal: JPMorgan Chase Bank, NA paid $2.5M ($227/SF) for the former Rite Aid site at 9031 Siegen Lane at Perkins Road. The City-Parish bought 0.431 acres for the Pecue Lane interchange project for $363K, and 31.94 acres...

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Aldi Grocery Store Purchases 3.55 Acre Tract Near Walmart on O’Neal

The June 1, 2020 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $5.13M in disclosed volume. The headline deal: Investar Bank paid $1.72M ($70/SF) for the ground floor of Investar Tower at 10500 Coursey Boulevard, Suite 100. German-based Aldi bought 3.55 acres near the Walmart on O'Neal Lane for $1.35M, and local investors bought Tiger's...

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Signature Flight Support Purchases Airplane Hangar Near BTR

The May 25, 2020 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $3.7M in disclosed volume. The headline deal: Ross Baton Rouge LLC, Orlando-based Signature Flight Support, paid $3.1M ($131/SF) for an airplane hangar at 4303 Chuck Yeager Avenue near the Baton Rouge airport. The AAA Rent-All owner bought a former convenience store location off...

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April Commercial Sales Report Released

The May 18, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $2.24M in disclosed volume. The headline deal: Mohammad Alowda paid $625K ($159/SF) for the Advanced Car Care facility at 9625 Airline Highway near the Old Hammond intersection. The City of Zachary paid $500K for 21.38 acres northwest of the Zachary Walmart, and the...

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Laser Tag Facility Sold for 1.95 Million

The May 11, 2020 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $4.36M in disclosed volume. The headline deal: Parkview Baptist Church Foundation paid $1.95M ($88/SF) for the Laser Tag of Baton Rouge facility at 5871 South Sherwood Forest Boulevard. Two California-based investors bought the Jack-in-the-Box at Government Street and South Foster Drive for $1.76M,...

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Family Dollar on Government St Sold to Dorsey Development

The May 4, 2020 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $5.33M in disclosed volume. The headline deal: Oak Glen Terrace LLC, a local investor, paid $1.7M ($94/SF) for a large office/warehouse at 10163 Patriot Drive in Patriot Commerce Park off I-12 near Airline Highway. Dorsey Development bought the Family Dollar at Government Street...

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Downtown Lot Sold to LA Capitol FCU

The April 27, 2020 issue covers one commercial sale recorded across Baton Rouge the previous week, totaling $491K in disclosed volume. The headline deal: LA Capitol Federal Credit Union paid $491K ($55.00/Land SF) for the vacant lot at 759 Laurel Street next to its downtown Baton Rouge location. It was the only commercial sale recorded that week....

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18 Unit Multifamily Deal Sold

The April 20, 2020 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $2.54M in disclosed volume. The headline deal: First of Many LLC, a local investor, paid $1.3M ($72,222/unit) for the Fuller Place Portfolio, 18 units in a fractured condominium of 70 homes built as 35 duplexes in the Live Oak Circle Condominiums subdivision off...

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New Restaurant Planned on W Lee Dr

The April 13, 2020 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $569K in disclosed volume. The headline deal: Special Hands Home Repair Service LLC paid $325K ($16/SF) for an office/warehouse facility at 650 Wooddale Boulevard north of Florida Boulevard. Local real estate agent Alice James bought an office building on North Foster Drive for...

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34 Acre Site in South BR Acquired for Distribution Center

The April 6, 2020 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $3.29M in disclosed volume. The headline deal: Blumenfeld BTR LLC, a California investor, paid $1.78M ($593/SF) for the Jack in the Box at 9316 Burbank Drive near Gardere Lane, which is leased by Jack in the Box until 2028. A company with ties...

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