News

Proposed Apartments on Spanish Town Rd + E Airport Dr Office Building Sells

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...

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Special Purpose Complex Along I-12 Sold for $255,000

DOWNLOAD PDF October 18, 2019 - Baton Rouge, LA — Mathew Laborde, President & CEO at Elifin Realty, has announced the sale of the property located at 12061 N Harrells Ferry Rd in Baton Rouge. The ±2.64 acre property is located directly adjacent to I-12 and half a mile from Sherwood Forest Blvd. This special purpose complex contains 3 total buildings, including...

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Highland Park Marketplace Secures New Tenants and Will Soon Break Ground On Final Phase

DOWNLOAD PDF October 15th, 2019 - Baton Rouge, LA - The premier retail and shopping center in South Baton Rouge, Highland Park Marketplace, will feature several new tenant openings and will break ground on its final phase of development before the end of year. After celebrating their grand opening last week, Paperwhite Stationary Boutique is now open for business in Suite 303....

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Tigerland Apartment Complex Sells for $1.6 Million

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...

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Nick Saban sells local Apartment Complex + DR Horton makes multiple land purchases

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...

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Three Circle K Properties Sold + New Asian Restaurant at Sherwood and Florida

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...

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14 Commercial Sales Last Week

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...

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More Multifamily Sales + Land Clearing Permit for 28 Acres on Burbank

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...

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$30m Multifamily Purchase by Colorado Investment Group

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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$20m Multifamily Sale + Former Barcadia Rezoning + New Bar on George Oneal

The September 3, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $28.9M in disclosed volume. The headline deal: Live Oaks Baton Rouge Apartments LLC, a New Orleans area investor, paid $20.5M ($111,413/unit) for the Live Oaks apartment complex at 12901 Jefferson Highway at Stumberg Lane. Block Investors LLC, also a New Orleans investor, bought...

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