News

Johnston Street property sells

The March 23, 2026 issue covers four commercial sales recorded across Lafayette the previous week. The headline deal: PELICAN ENGINEERING LLC bought an appliance showroom property on Johnston Street. The other sales were a 9-unit multifamily property on South Jefferson Street, an industrial property on Boyce Street in Broussard and a 4+ acre parcel of land in Scott....

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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. The headline deal: Sara Rae Zegelbone Proctor bought 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, a daiquiri shop in Grand Isle and a...

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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. The headline deal: GUR 2 Enterprises LLC, a local convenience store and gas station owner, bought a convenience store and gas station property on Greenwell Springs Road in Central. Office and land each accounted for three of the 11 sales, and the...

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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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New Orleans developer acquires property for new Chipotle

The March 16, 2026 issue covers seven commercial sales recorded across Lafayette the previous week. The headline deal: PERARD JOHNSTON LLC, a New Orleans-based developer, bought 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 alumni bought their fraternity house on Glynn Abel...

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Texas company acquires shopping center

The March 16, 2026 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: CASH AMERICA INC OF LOUISIANA, a Texas-based company, bought a shopping center property on Airline Drive in Metairie. Retail made up four of the 10 sales, a former furniture store with showroom and warehouse space in Elmwood sold,...

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Assisted living facility sold

The March 9, 2026 issue covers ten commercial sales recorded on the Northshore the previous week. The headline deal: SABRA HEALTH CARE HOLDINGS III LLC, a California-based health care REIT, bought The Trace, an assisted and independent living facility on Crawford Road in Covington. Retail made up five of the 10 sales, and a former FedEx shipping center and warehouse...

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