News

The Pulse NOLA: St. Bakhita Apartments in Marrero sell for 3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8814 Veterans Memorial Blvd Type: Retail Price: $4,600,000 ($141 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: This two-story, 32,740 sq ft, retail center with 14 units in the Westgate area was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase of two retail centers...

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The Pulse BR: City of Zachary purchases lot behind Wendy’s

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14707 Perkins Rd Type: Office Price: $2,100,000 ($250 / SF) Buyer: EJW Properties LLC Elifin's Notes: Local investor purchases Perkins Rd office building on 1.5 acres. 2618 Wooddale Blvd Type: Office Price: $1,128,750 ($8 / SF) Buyer: 1008 Jourdan SPE LLC Elifin's Notes: Natchitoches-based buyer purchases Windsor Court Office Plaza near the corner of...

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The Pulse NOLA: Esplanade Mall in Kenner sells for 10mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1401 W Esplanade Ave Type: Retail Price: $10,000,000 ($14 / SF) Buyer: PACIFICA KENNER LLC Elifin's Notes: Illinois-based developer purchases the Esplanade Mall property in Kenner 3216 W Esplanade Ave Type: Retail Price: $2,350,000 ($143 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: The 16,380 sq ft, 16-unit, Petite Esplanade Shopping Center was bought...

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The Pulse BR: Former Farm Bureau HQ on Airline Hwy sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9516 Airline Hwy Type: Office Price: $4,780,000 ($66 / SF) Buyer: HIV/Aids Alliance for Region Two (HAART), Inc Elifin's Notes: HAART Inc, a local HIV/AIDS healthcare organization, purchase former Farm Bureau headquarters on Airline Hwy. 3849 Plaza Tower Dr Type: Portfolio Price: $435,000 ($73 / SF) Buyer: Meridian MVC Pathway Baton Rouge LLC Elifin's...

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ELIFIN® Announces New Orleans Expansion

January 24, 2023 – ELIFIN®, a commercial real estate brokerage firm with national ambitions, is excited to announce the opening of its office in the New Orleans-Metairie MSA. “Not only will we be better able to serve our existing clients that have a footprint here, but we plan on implementing ELIFIN®’s ultra-specialist model that has been so well received by commercial...

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The Pulse NOLA: WWII Museum purchases 15,000 sf warehouse on Magazine Street

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1060 Magazine St Type: Retail Price: $2,138,000 ($143 / SF) Buyer: NATIONAL WORLD WAR II MUSEUM INC Elifin's Notes: The World War II Museum purchases a 15,000 sq foot multi-use warehouse space along Magazine Street in the Warehouse District 2600-2602 Chartres St, 535 Franklin Ave Type: Retail Price: $1,150,000 ($259 / SF) Buyer:...

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The Pulse BR: Former Albertsons sold for 3.9mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3401 Oak Villa Blvd Type: Industrial Price: $3,960,245 ($63 / SF) Buyer: OVGS LLC Elifin's Notes: Local investor purchases former Albertsons location on the corner of Oak Villa Blvd and Greenwell Springs Rd. 12240 S Harrells Ferry Type: Land Price: $1,500,000 ($10.22 / Land SF) Buyer: Wilson Family LLC Elifin's Notes: New Orleans-based investors...

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The Pulse NOLA: Multi-million dollar renovation permit for CrescentCare Health

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 28 W 27th St Type: Industrial Price: $414,000 ($77 / SF) Buyer: Panayas J Dikeou as trustee of the PM Trust Elifin's Notes: Colorado-based investors purchase a 5,400 sq ft industrial space in the Crestview Office & Industrial Park area 1215 Truxton St Type: Multifamily Price: Withheld Buyer: TRUXTON LLC Elifin's Notes: Harvey-based investors...

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The Pulse BR: Former McDonald’s on Lee Dr sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 402 Laurel St Type: Office Price: $4,777,778 ($216 / Building SF) Buyer: Placid Refining Company LLC Elifin's Notes: Placid Refining Company purchases downtown office building and nearby parking lot. 8729 Granite Dr Type: Portfolio Price: $3,000,000 ($68,182 / Unit) Buyer: JSR1 LLC Elifin's Notes: Local architect and real estate investor, Steven Romero, purchases 11...

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Commercial Sales Report – December 2022

DOWNLOAD FULL REPORT (PDF) The East Baton Rouge Parish commercial real estate sales market ended 2022 with 531 recorded sales totaling $1.175 billion in transaction volume. That is 5 fewer transactions than 2021 and $165 million more in volume. Like in 2021, Multifamily sales in 2022 saw the most volume with $511 million transacted (43%) and Industrial saw the least with $58.7...

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