Benji Azar of ELIFIN® represented both parties in the successful sale of the multifamily portfolio located at 870, 4900, 4910, and 4920 Alsace Street in New Orleans, LA. Challenge On the surface, this appeared to be a straightforward multifamily acquisition. In practice, it was anything but. The portfolio consisted of four separate parcels, each with its own legal description, existing lease obligations,...
Caden Leblanc of ELIFIN® represented the landlord in the successful leasing of the industrial property located at 198 Trinity Lane in Gray, LA. Challenge This property had been vacant with little leasing activity. The Houma market was not producing qualified prospects for the industrial warehouse/ office space, and traditional marketing efforts were not generating the traction needed to fill the space. Strategy Caden canvassed...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 111 Northshore Blvd, Slidell, LA 70460 Type: Retail Price: $1,225,000 ($612.50 / SF) Buyer: BIDART FAMILY TRUST Elifin's Notes: A family trust out of California purchases a recently built Take 5 Oil Change property. 1500 J W Davis Dr, Hammond, LA 70403 Type: Office Price: $905,000 ($205.68 / SF) Buyer: TARC Elifin's Notes: A...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 300 Blk Glaser Dr, Lafayette, LA 70508 Type: Land Price: $832,650 ($0.80 / Land SF) Buyer: TRAILS AT LANGLINAIS ESTATES LLC THE Elifin's Notes: A 23+ acre parcel of land sells in Broussard. 301 Breakwater Dr, Lafayette, LA 70507 Type: Industrial Price: $730,000 ($100.21 / SF) Buyer: ER INVESTMENTS LLC Elifin's Notes: An industrial warehouse...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4227, 4229 Royal St, New Orleans, LA 70117 Type: Industrial Price: $1,150,000 ($70.23 / SF) Buyer: T & G INVESTMENTS LLC Elifin's Notes: An industrial warehouse property occupied by a marine supply company sells on Royal Street. 4713 Utica St, Metairie, LA 70006 Type: Office Price: $623,000 ($150.30 / SF) Buyer: IUEC LOCAL...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 2706 S Cabela's Pkwy, Gonzales, LA 70737 Type: Retail Price: $3,750,000 ($255.10 / SF) Buyer: Pertuit Family LLC Elifin's Notes: A group of local buyers purchase a retail strip center near Bass Pro Shops in Gonzales. 5258 Dijon Dr, Baton Rouge, LA 70808 Type: Office Price: $3,112,000...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 18120 Old Covington Hwy, Hammond, LA 70403 Type: Industrial Price: $2,900,000 ($41.17 / SF) Buyer: WINCO FIREWORKS INTERNATIONAL LLC Elifin's Notes: A Kansas-based fireworks wholesaler purchases a former food distribution facility. 10549 Hwy 440, Kentwood, LA 70444 Type: Industrial Price: $525,000 ($17.50 / SF) Buyer: CAM2 INTERNATIONAL LLC Elifin's Notes: A local company purchases...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 900 W Pont Des Mouton Rd, Lafayette, LA 70507 Type: Industrial Price: $1,462,500 ($91.41 / SF) Buyer: Calco Investments LLC Elifin's Notes: An industrial property on 1.8 acres sells on Pont Des Mouton Road. Lot 3 Piat Rd, Youngsville, LA 70592 Type: Land Price: $1,085,211 ($0.62 / Land SF) Buyer: LAKE IVY LLC Elifin's Notes:...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 365 Canal St, New Orleans, LA 70130 Type: Office Price: $27,875,000 ($42.72 / SF) Buyer: AGGREGATED HOLDINGS OF NEW ORLEANS LLC Elifin's Notes: A New York-based entity purchases One Canal Place, a 32-story 650k sq ft office tower. 7001 Lawrence Rd, New Orleans, LA 70126 Type: Multifamily Price: $3,750,000 ($14,259 / Unit) Buyer:...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 6959 Commerce Cir, Baton Rouge, LA 70809 Type: Land Price: $975,000 ($19.98 / Land SF) Buyer: B2 Investments Commerce Circle LLC Elifin's Notes: A 1+ acre parcel of commercial land sells within the Towne Center development. 12666 Jefferson Hwy, Baton Rouge, LA 70816 Type: Self-Storage Price: $582,500 ($6,773 / Unit) Buyer:...
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