Through mergers, acquisitions, and streamlining operations in the banking sector, there are a lot of former bank branches on the market today. More times than not, when a bank sells an old location, it's purchased by another bank or credit union for the same use. But what happens when there is not another financial institution buyer for the property? The specialized...
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...
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...
DOWNLOAD PDF May 20th, 2020 - Baton Rouge, LA – Will Chadwick, Retail Specialist, has announced the closing of a lease at 8210 Jefferson Hwy Suite B that will bring a new business to the Baton Rouge market. Will Chadwick served as the Tenant Rep for his client NEIGHBORHOOD barre Baton Rouge in this lease. NEIGHBORHOOD barre is a national boutique barre...
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...
DOWNLOAD FULL REPORT (PDF) As we began 2020, commercial sales were tracking on pace with the historical average. Due to the impact of COVID-19 and the Governor’s (stay-at-home) order during the latter part of March and entirety of April, millions of dollars in sale transactions were put on pause. Due diligence timeframes were extended and closing dates were pushed back while...
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,...
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...
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....
George Bonvillain, Office Specialist at Elifin Realty, shares a few thoughts on how the COVID pandemic might effect how offices designed and used in the future....
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