The November 11, 2019 issue covers seventeen commercial sales recorded across Baton Rouge the previous week, totaling $16.5M in disclosed volume. The headline deal: Louisiana Workers' Compensation Corporation paid $4.4M ($37.27/Land SF) for the former La Quinta Inn at 2333 South Acadian Thruway near I-10, close to its office. The seller, S Hospitality LLC, had bought the hotel for $2.5...
The November 4, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $10.7M in disclosed volume. The headline deal: WBBRLA001 LLC, Chicago-based Oak Street Real Estate Capital, paid $3.75M ($276/SF) for the Walgreens at 4747 South Sherwood Forest Boulevard at Coursey Boulevard. A Mississippi-based investor bought the Fairfield Inn & Suites by Marriott off Essen...
The October 28, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $1.6M in disclosed volume. The headline deal: a paid parking lot at 524 North 6th Street in downtown Baton Rouge, near Main Street, sold for $495K ($61.88/Land SF). The owner of the Town Donut & Breakfast in Central bought the Hooper Road property...
The October 21, 2019 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $785K in disclosed volume. The headline deal: 311 E Airport LLC paid $300K ($52/SF) for a two-story office building at 331 East Airport Avenue near Florida Boulevard. The church Iglesia De Restauracion La Senda Antigua bought a facility on North Harrell's Ferry Road...
The October 14, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $5.77M in disclosed volume. The headline deal: Jann Properties 2 LLC, a Prairieville multifamily investor, paid $1.6M ($50,000/unit) for The Chateau, a 32-unit apartment complex at 4636 Alvin Dark Avenue in Tigerland. Dr. Gerald Cvitanovich bought an office building on Jamestown Avenue near...
The October 7, 2019 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $22M in disclosed volume. The headline deal: Sften LLC, D. R. Horton, paid $9.1M ($0.67/Land SF) for additional acreage on Old Scenic Highway in Zachary for its Meadow View development. Nick and Terry Saban sold Kenilworth Manor Apartments, a 32-unit complex near Kenilworth...
The September 30, 2019 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $8.28M in disclosed volume. The headline deal: Rusk Group, LLC, Mike Rusk of Mike's Audio, paid $2.9M ($99/SF) for American Plaza, a four-building office complex at 2645 O'Neal Lane between I-12 and South Harrell's Ferry Road. CrossAmerica Partners LP bought three properties at...
The September 23, 2019 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $10.5M in disclosed volume. The headline deal: SRG Investment LLC paid $3.73M ($47,785.87/unit) for the SpringHill Suites by Marriott at 7979 Essen Park Avenue, sold by a New York-based realty trust. J. Brian Oliver, CEO of United Networks of America, bought a fully...
The September 16, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $2.03M in disclosed volume. The headline deal: Satkartar Properties LLC, whose ownership owns several gas station/convenience stores in the Baton Rouge area, paid $600K ($0.15/Land SF) for a large parcel of land on Highway 61 at Mount Pleasant Zachary Road. Four of the...
The September 9, 2019 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $34.1M in disclosed volume. The headline deal: MIMG CLIV Longridge Sub, LLC & MIMG LR4 Longridge, LLC, Colorado-based Monarch Investment and Management Group, paid $16M ($111,111/unit) for the Longridge Apartment complex at 11999 Longridge Avenue off South Sherwood Forest Boulevard. Monarch also bought...
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