The Pulse: Baton Rouge

Former Capital One Branch Sells for $1.1 Million

The January 20, 2020 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $7.42M in disclosed volume. The headline deal: Omniferous Ventures LLC, a local investor, paid $2.7M ($196/SF) for the Blockbuster Plaza shopping center at 10218 Sullivan Road near the Walmart at Sullivan and Wax Road. Developer Kevin Nguyen bought the former Capital One bank...

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One of Last Vacant Lots in Industriplex Area Sold

The January 13, 2020 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $1.4M in disclosed volume. The headline deal: 11063 Cloverland LLC, real estate agent Andy McCall, paid $645K ($74/SF) for the former Corps Constructors property at 11063 Cloverland Avenue near Siegen Lane. A local investor bought two triplexes on Ansley Avenue near Southpark Drive...

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55 Unit Apartment Complex Sold In Mid City

The January 6, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $2.87M in disclosed volume. The headline deal: Kumar LLC, Hammond investor Neal Patel, paid $1.83M for five office buildings, one industrial building and seven office pad sites in the Market Plaza office condominium at 4021 WE Heck Court near Coursey Boulevard. Arthur Lewis...

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BREC sells 53-acre Woodstock Park for $4.65M

The December 30, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $17M in disclosed volume. The headline deal: Woodstock Park LLC paid $4.65M ($2.01/Land SF) for BREC's Woodstock Park, a 53-acre tract at 14001 Nicholson Drive. Service Corporation International bought two Rabenhorst funeral homes, on Government Street for $2.4M and on Florida Boulevard for...

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2 Large Multifamily Sales + New Jones Creek Restaurant

The December 23, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $7.85M in disclosed volume. The headline deal: Contour Sable Chase LLC, Michigan-based Contour Companies, paid $4.57M ($21,959/unit) for the 208-unit Sable Chase Apartments at 1860 Boulevard de Province between Old Hammond Highway and I-12. DSLD Homes paid $2.5M for 50 lots off Burbank...

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CJ Brown Sells Airline Office Building + East Baton Rouge Sewerage Commission Purchases Former All Star Nissan Location

The December 16, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $4.6M in disclosed volume. The headline deal: JMB & J Property LLC, the president of TEI Technology Engineers, Inc., paid $1.26M ($200/SF) for the former C J Brown office at 14452 Airline Highway near Highland Road. The East Baton Rouge Sewerage Commission bought...

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New York Firm Purchases Downtown Office Building + Local Charter School Facility

The December 9, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $15.7M in disclosed volume. The headline deal: RM Mentorship Acad LA LLC, New York investment firm Rosemawr Management, paid $6.85M ($131/SF) for the downtown office building at 339 Florida Street used by the Mentorship Academy. Rosemawr also bought the Impact Charter School property...

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Former Hancock Whitney + Midsouth Bank Branches Sell

The December 2, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $5.56M in disclosed volume. The headline deal: Bancorpsouth Bank paid $2.26M ($884/SF) for the MidSouth Bank branch at 6677 Siegen Lane at Industriplex Boulevard. Houma-based South Louisiana Bank bought the former Hancock Whitney branch near Highland Road and Lee Drive for $500K, and...

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Sage Rehabilitation Hospital + Comfort Inn Sales

The November 25, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $14.6M in disclosed volume. The headline deal: Sage Summa Real Estate LLC, a local ownership group, paid $4.5M ($155/SF) for the Sage Rehabilitation Hospital location at 8000 Summa Avenue. Hotel investor Alpesh Patel bought the 60-room Comfort Inn on Constitution Avenue for $3.29M,...

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Former Neese Industries Headquarters Sells

The November 18, 2019 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $1.91M in disclosed volume. The headline deal: ASH Brothers, LLC paid $1.5M ($22/SF) for the former Neese Industries headquarters at 10646 Airline Highway in Gonzales. Parker Orthodontics bought an office suite on Shadows Lane near Goodwood Boulevard and Connell's Park Lane for $250K,...

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