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...
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...
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...
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...
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...
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:...
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...
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...
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...
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...