News

Daiquiri shop in Grand Isle sold

The March 23, 2026 issue covers five commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.12M in disclosed volume. The headline deal: Sara Rae Zegelbone Proctor paid $1.4M ($828.89/SF) for a former Starbucks property at the corner of Maple and Adams streets. The other sales included a two-unit office property on General De Gaulle Drive...

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Frog’s One Stop property sold in Central

The March 23, 2026 issue covers eleven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $5.4M in disclosed volume. The headline deal: GUR 2 Enterprises LLC, a local convenience store and gas station owner, paid $2.38M ($209.12/SF) for a convenience store and gas station property on Greenwell Springs Road in Central. Office and land each accounted...

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New Orleans-Based Investors Purchase Walker Plaza Retail Center

March 20, 2026 – Baton Rouge, LA – ELIFIN® is pleased to announce the successful sale of 28050 Walker South Rd in Walker, LA, also known as Walker Plaza. Formerly owned by Frank Mueller, the property has been sold to Oliver and Louise Montagnet of New Orleans. Noah Loveland and Benji Azar of ELIFIN® represented the Montagnets in the acquisition of...

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Protecting the Owner’s Income Through a Tenant Transition

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...

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Florida-based charter school purchases land

The March 16, 2026 issue covers ten commercial sales recorded on the Northshore the previous week, totaling $6.93M in disclosed volume. The headline deal: HOME CARE PARTNERSHIP paid $1.7M ($131.69/SF) for a Dollar General Market property in Bush. A 9-acre tract on South Airport Road near I-12 sold for $1.45M, and a Florida-based charter school company bought 4+ acres near...

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New Orleans developer acquires property for new Chipotle

The March 16, 2026 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $2.3M in disclosed volume. The headline deal: PERARD JOHNSTON LLC, a New Orleans-based developer, paid $800K ($111.79/SF) for a retail property on Johnston Street it plans to demolish for a new Chipotle. Industrial made up three of the seven sales, and former Sigma Nu...

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Texas company acquires shopping center for 11.5mm

The March 16, 2026 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $21.2M in disclosed volume. The headline deal: CASH AMERICA INC OF LOUISIANA, a Texas-based company, paid $11.6M ($110.01/SF) for a shopping center property on Airline Drive in Metairie. Retail made up four of the 10 sales, a former furniture store...

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Ohio-based REIT acquires Oak Grove Townhomes

The March 16, 2026 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $9M in disclosed volume. The headline deal: 8888 Airline LLC, a local investor, paid $4.55M ($91.03/SF) for a Conn's Home Plus property on Airline Highway, with plans to lease it to the Secretary of State. Retail made up four of the...

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Assisted living facility sold for 8.5mm

The March 9, 2026 issue covers ten commercial sales recorded on the Northshore the previous week, totaling $13.2M in disclosed volume. The headline deal: SABRA HEALTH CARE HOLDINGS III LLC, a California-based health care REIT, paid $8.5M ($100.05/SF) for The Trace, an assisted and independent living facility on Crawford Road in Covington. Retail made up five of the 10 sales,...

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Scott Oaks Plaza sold for 4.35mm

The March 9, 2026 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $10.9M in disclosed volume. The headline deal: PGP SCOTT OAKS LLC, a Tennessee-based company, paid $4.35M ($61.79/SF) for Scott Oaks Plaza, a grocery-anchored shopping center on Cameron Street in Scott. Retail made up three of the seven sales, including a newly constructed convenience store...

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