A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 516, 518-520, 524 Governor Nicholls St Type: Multifamily Price: $2,800,000 ($186,667 / Unit) Buyer: 801 PATTERSON OWNER LLC Elifin's Notes: Local investment group acquires a 15-unit garden apartment property with a unit mix including ten 1BR/1BA, four 2BR/1BA, and one 2BR/2.5BA in the French Quarter area near the historic...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11271 Reiger Rd Type: Hospitality Price: $10,250,000 ($101,485 / Unit) Buyer: ALH Properties No Twenty Six LP Elifin's Notes: American Liberty Hospitality, a Texas-based hotel development and management company, purchases the Hampton Inn & Suites Baton Rouge off Reiger Rd. 9181 Interline Ave Type: Office Price: $10,030,000 ($364 / SF) Buyer: NGP VII...
November 4, 2022- Baton Rouge, LA – George Bonvillain, Partner – Office Sales & Leasing, is pleased to announce the sale of the former Spanish Moon building in Downtown Baton Rouge. Local full-service design & branding firm TILT has purchased the property at 1109 Highland Road with plans to renovate the space into their new company headquarters. With their continued success...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1111 Tulane Ave Type: Multifamily Price: $38,000,000 ($226,190 / Unit) Buyer: CBT INVESTORS LLC Elifin's Notes: Covington-based investment group purchases the California Bulding along Tulane Avenue in the Central Business District. The property is a ten-story building, the first floor is devoted to retail space and the remainder has...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3012 Government St Type: Retail Price: $913,000 ($231 / SF) Buyer: North Corporate Properties LLC Elifin's Notes: Former Chase Bank in Mid City sells to local investor. 11236 Pennywood Ave Type: Industrial Price: $840,000 ($115 / SF) Buyer: LSC Holdings LLC Elifin's Notes: Lawrence Maestri and George Murrell purchase climate controlled office/warehouse off Siegen...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6201, 6207, 6211-6215 Franklin Ave, 2617 Allen Toussaint Blvd, New Orleans, LA 70122 Type: Retail Price: $560,000 ($280,000 / Unit) Buyer: FRANKLIN SB LLC Elifin's Notes: A two-unit retail property made up of 6,898 sq ft in usable space sitting on 0.5 acres in the Milneburg area has sold...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9708 Greenwell Springs Rd Type: Retail Price: $2,325,000 ($775,000 / Unit) Buyer: Park Forest Self Storage LLC Elifin's Notes: Shopping center on Greenwell Springs Rd sells to Midwest Self Storage Development, a company that repurposes underutilized commercial properties into state-of-the-art climate controlled storage facilities. Tracts 6-B, 6-D, 6-E, 6-F Plank...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3622, 3626, 3636 Bienville Avenue; 224, 228 N Telemachus St Type: Retail Price: $1,600,000 ($446 / SF) Buyer: MID CITY LANDMARK LLC Elifin's Notes: Investment group acquires the Liuzza's Restaurant and Bar property in the Mid-City area consisting of a two-story 3,586 sq ft building sitting on 0.27 acres...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 343 3rd St Type: Office Price: $2,000,000 ($67 / SF) Buyer: Antonio Clayton Elifin's Notes: Tony Clayton of the law firm Clayton, Fruge & Ward, purchases 6 story office building in downtown Baton Rouge. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Procel, LLC Elifin's Notes: Commercially zoned lot...
DOWNLOAD FULL REPORT (PDF) The Commercial Sales market for East Baton Rouge Parish in 2022 remains the most active in 8 years with 424 transactions completed and $952.7mm in volume. With $462.6mm of volume year-to-date, the Multifamily sector has now surpassed its total dollar volume for all of 2021 ($436.6mm). Industrial property transaction volume is up 46.91% over last year at this time...