News

20 Mar Protecting the Owner’s Income Through a Tenant Transition

Posted at 11:54h in Results by ELIFIN® 0 Comments

Alex Ruch and Cade McNabb of ELIFIN® represented the landlord in the successful re-leasing of the ±6,769 SF industrial flex warehouse located at 9131 Castille Dr in Baton Rouge, LA. Challenge The existing tenant at 9131 Castille Dr had outgrown the space but still had over a year remaining on their lease. Simply walking away was not an option, and the owner...

16 Mar The Pulse Northshore: Florida-based charter school purchases land

Posted at 09:33h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 81591 Hwy 21, Bush, LA 70431 Type: Retail Price: $1,698,814 ($131.69 / SF) Buyer: HOME CARE PARTNERSHIP Elifin's Notes: A Dollar General Market property sells in Bush. 43169 S Airport Rd, Hammond, LA 70403 Type: Land Price: $1,450,000 ($3.59 / Land SF) Buyer: SILVERTREE PROPERTIES LLC Elifin's Notes: A 9 acre tract of land...

16 Mar The Pulse LFT: New Orleans developer acquires property for new Chipotle

Posted at 09:28h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 3220 Johnston St, Lafayette, LA 70503 Type: Retail Price: $800,000 ($111.79 / SF) Buyer: PERARD JOHNSTON LLC Elifin's Notes: A New Orleans-based developer, with plans to demolish the existing structure to make way for a new Chipotle location, purchases this retail property. 5001 Hwy 90 E, Broussard, LA 70518 Type: Industrial Price: $600,000...

16 Mar The Pulse NOLA: Texas company acquires shopping center for 11.5mm

Posted at 09:24h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 7801 Airline Dr, Metairie, LA 70003 Type: Retail Price: $11,550,000 ($110.01 / SF) Buyer: CASH AMERICA INC OF LOUISIANA Elifin's Notes: A Texas-based company acquires a shopping center property on Airline Drive. 5400 Jefferson Hwy, Harahan, LA 70123 Type: Industrial Price: $4,750,000 ($86.63 / SF) Buyer: LAPEYRE PROPERTIES LLC Elifin's Notes: A former furniture...

16 Mar The Pulse BR: Ohio-based REIT acquires Oak Grove Townhomes

Posted at 09:09h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 8888 Airline Hwy, Baton Rouge, LA 70815 Type: Retail Price: $4,550,000 ($91.03 / SF) Buyer: 8888 Airline LLC Elifin's Notes: A Conn's Home Plus property sells to a local investor with plans to lease it out to the Secretary of State. 12137 Airline Hwy, Baton Rouge, LA 70817 Type:...

08 Mar The Pulse Northshore: Assisted living facility sold for 8.5mm

Posted at 21:33h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 19432 Crawford Rd, Covington, LA 70433 Type: Healthcare Price: $8,500,000 ($100.05 / SF) Buyer: SABRA HEALTH CARE HOLDINGS III LLC Elifin's Notes: A California-based Health Care REIT purchases The Trace, an assissted/indpendent living facility. 215 Park Pl, Covington, LA 70433 Type: Industrial Price: $1,500,000 ($78.13 / SF) Buyer: CAP3 LLC Elifin's Notes: A former...

08 Mar The Pulse LFT: Scott Oaks Plaza sold for 4.35mm

Posted at 21:28h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 5501 Cameron St, Scott, LA 70583 Type: Retail Price: $4,350,000 ($61.79 / SF) Buyer: PGP SCOTT OAKS LLC Elifin's Notes: A Tennessee-based company acquires Scott Oaks Plaza, a grocery-anchored shopping center. 4319 Verot School Rd, Youngsville, LA 70592 Type: Retail Price: $3,425,000 (- / SF) Buyer: 4319 VEROT LLC Elifin's Notes: A newly constructed convenience...

08 Mar The Pulse NOLA: St Vincent de Paul property sells

Posted at 21:23h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3500 Canal St, New Orleans, LA 70119 Type: Office Price: $2,900,000 ($140.10 / SF) Buyer: MARILLAC COMMUNITY HEALTH CENTERS Elifin's Notes: This two-story office property, occupied by St Vincent de Paul, has individual offices, 10 large rooms for conference/instruction, and 54 covered parking spaces. 2221-2237 N Johnson St, New Orleans,...

08 Mar The Pulse BR: Red Stick Brothers purchase subdivision

Posted at 21:20h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 9215 Cedar Ct, Baton Rouge, LA 70812 Type: Multifamily Price: $3,250,000 ($53,279 / Unit) Buyer: Oakwood by RSB LLC Elifin's Notes: Red Stick Brothers, a rental home owner and management company, purchases the Oakwood Terrace Subdivision, which contains 60-homes and an office/clubhouse. 16791 Plank Rd, Baton Rouge, LA...

06 Mar Leasing Momentum Leads to Investment Sale

Posted at 13:43h in Results by ELIFIN® 0 Comments

Lindsay Redhead of ELIFIN® turned a successful leasing effort into a strategic investment disposition at the office property located at 5917 Jones Creek Rd in Baton Rouge, LA. Challenge Although the building had reached full occupancy through Lindsay’s earlier leasing efforts, preparing the property for sale presented a new set of challenges. For the property to appeal to investors and support an...