17 Jan MidCity Marketplace, LLC Purchases Retail Redevelopment Property on Government St for $1,100,000
January 16th, 2020 – Baton Rouge, LA —Elifin Realty is excited to announce the sale of the property located at 5220 Government St, Baton Rouge, LA 70806.
Kevin Nguyen, well known for his high-end retail and residential developments, has purchased the former Capital One bank branch property located on Government Street. The 1.02 acre site spans the entire block from St. Tammany Street to Acadia Street. Mr. Nguyen has developed some of the highest-end retail projects in Baton Rouge, and this site will be his latest contribution to the Mid City corridor.
This unique property is the largest tract available on that stretch of Government St and extends an entire block. Situated next to a busy traffic light and surrounded by popular retailers and restaurants, the property is in a prime location for retail redevelopment in Mid City.
When Capital One put this property on the market, they had over twenty offers to acquire the former bank branch. Mr. Nguyen was successful in winning the deal. Even prior to closing and any marketing, Elifin has had numerous calls from prospective retailers interested in the location. Elifin Realty will be listing the property as a new retail redevelopment opportunity for lease, and we are extremely excited to work with Mr. Nguyen to revitalize Mid City Baton Rouge.
Mathew Laborde of Elifin Realty represented the buyer in this deal, and Seth Citron and Johnny Tolson of Stirling Properties represented the seller.
Elifin Realty is a commercial real estate brokerage in Baton Rouge, Louisiana. We exist to help businesses and investors flourish.
For additional information, please contact Mathew Laborde at 225-659-8651.