The Pulse: Baton Rouge

Red Roof Inn near Sherwood Forest and I-12 sells for $2.21M

The June 24, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $6.01M in disclosed volume. The headline deal: BR LA Realty LLC paid $2.21M ($47/SF/Land) for the Red Roof Inn at 11314 Boardwalk Drive near South Sherwood Forest Boulevard and I-12. A Brooklyn real estate investment firm bought an apartment complex on Coy Avenue...

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District Attorneys Association buys Quail Drive offices for $2.5M

The June 17, 2019 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $9.25M in disclosed volume. The headline deal: Louisiana District Attorneys Association Inc paid $2.5M ($153/SF) for office space at 2525 Quail Drive off Perkins Road. Drago's Seafood also paid $2.5M for a retail property on Constitution Avenue near College Drive and I-10 for...

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Comfort Suites University near College Drive sells for $6.03M

The June 10, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $9.62M in disclosed volume. The headline deal: the Foundation for Louisiana Students, a nonprofit, paid $6.03M for Comfort Suites University at 3045 Valley Creek Drive near College Drive and I-10. Brian Dantin bought four office buildings in Interline Office Plaza off I-12 for...

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Sammy’s Restaurant on Highland Road sells for $3.78M

The June 3, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $5.91M in disclosed volume. The headline deal: Sam-High LLC, Donald Jarreau Jr., paid $3.78M ($479/SF) for Sammy's Restaurant at 8635 Highland Road, to be leased back to Sammy's majority owner, Sammy Nagem. The Louisiana School Boards Association bought an office building on Florida...

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Gas station at Joor Road and Lovett Road sells for $2.74M

The May 27, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $6.53M in disclosed volume. The headline deal: ARG IM12PKSLB001 LLC, a New York investment firm, paid $2.74M ($884/SF) for the gas station at 9150 Joor Road at Lovett Road. Michael Hogstrom bought 2.5 acres in Connell's Park from St. Luke's Episcopal Church for...

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Perkins Point Dental buys 3.4 acres off Perkins Road for $1.1M

The May 20, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $3.52M in disclosed volume. The headline deal: Perkins Point Dental LLC, Dr. Dustin Kidder, DDS, paid $1.1M ($7/SF) for 3.4 acres of land off Perkins Road near Bluebonnet Boulevard. Two of the eight sales were apartment complexes, the 28-unit Jackson Square on Rembrandt...

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Turner Industries buys Highland Road land for $2.7M

The May 13, 2019 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $5.54M in disclosed volume. The headline deal: Turner Industries Group LLC paid $2.7M for more than four acres of undeveloped land at 18700 Highland Road next to Ruffino's. Colorado-based Red Dot Storage bought the Metro Mini Storage facility on Plank Road in Baker...

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279 acres on Nicholson Drive sell for $10.7M

The May 6, 2019 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $17.5M in disclosed volume. The headline deal: SLP II LLC, Milford Wampold III, paid $10.7M ($0.88/SF) for 279 acres at 13393 Nicholson Drive near the Bluebonnet Boulevard intersection. Cary Goss, president of Industrial Fabrics, Inc., bought GEC's office building on Goodwood Boulevard for...

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The Millennium apartment complex sells for $49.7M

The April 29, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $54.4M in disclosed volume. The headline deal: Baton Rouge Multifamily DST, Inland Real Estate Group, paid $49.7M ($174/SF) for The Millennium apartment complex at 6810 Jefferson Highway. JKR Hospitality LLC bought the Shed-Dran Motel on Greenwell Springs Road for $1.23M, and Jack in...

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Microtel Inn & Suites on Rieger Road sells for $2.64M

The April 22, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $5.45M in disclosed volume. The headline deal: Zodiac21 Inc paid $2.64M for the Microtel Inn & Suites at 10645 Rieger Road near I-10 and Siegen Lane. E Eric Guirard bought an office building on One Calais Avenue visible from I-10 for $675K, and...

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