Parc Fontaine Apartments sold for 33 million

A weekly update on the commercial real estate landscape of New Orleans.

Twelve commercial sales closed across New Orleans and surrounding markets the week of August 10, 2026, totaling $38.7M in disclosed volume. The headline deal: Mary Fund Parc LLC, a Connecticut-based company, paid $33M ($47,009/unit) for The Parc Fontaine Apartments, a 702-unit multifamily property. Institutional capital dominated the week, with out-of-state investors acquiring specialty properties and land parcels across the metro area.


Commercial Sales Recorded Last Week

3101 Rue Parc Fontaine, New Orleans, LA 70131
3101 Rue Parc Fontaine, New Orleans, LA 70131

Type: Multifamily
Price: $33,000,000 ($47,009 / Unit)
Buyer: MARY FUND PARC LLC
Elifin’s Notes: A Connecticut-based company purchases The Parc Fontaine Apartments, 702-units.

502 Olivier St, New Orleans, LA 70114
502 Olivier St, New Orleans, LA 70114

Type: Specialty
Price: $1,920,000 ($95.83 / SF)
Buyer: INTERNATIONAL SCHOOL OF LOUISIANA
Elifin’s Notes: The Catholic Church sells the International School of Louisiana in Algiers Point.

2225, 2231, 29354 Gravier St, New Orleans, LA 70119
2225, 2231, 29354 Gravier St, New Orleans, LA 70119

Type: Land
Price: $1,000,000 ($84.03 / Land SF)
Buyer: GRAVIER 3 LLC
Elifin’s Notes: A 0.2+ acre parcel of land sells within the Tulane-Gravier Medical District.

315 3rd St, Kenner, LA 70062
315 3rd St, Kenner, LA 70062

Type: Industrial
Price: $707,500 ($169.14 / SF)
Buyer: CHATELAIN 3RD STREET PROPERTY LLC
Elifin’s Notes: An industrial property with separate office and warehouse buildings changes hands in Kenner.

2613, 2617 Annunciation St, New Orleans, LA 70130
2613, 2617 Annunciation St, New Orleans, LA 70130

Type: Specialty
Price: $700,000 ($275.81 / SF)
Buyer: CRESCENT CITY DEVELOPERS LLC
Elifin’s Notes: A religious facility sells at the corner of Annunciation and Third Streets.

Lots 11, 12, 13, 14 20th St, Metairie, LA 70002
Lots 11, 12, 13, 14 20th St, Metairie, LA 70002

Type: Land
Price: $535,000 ($40.94 / Land SF)
Buyer: RABITO PROPERTIES LLC
Elifin’s Notes: A parking lot sells off of Ridgelake Dr.

341 Metairie Rd, Metairie, LA 70005
341 Metairie Rd, Metairie, LA 70005

Type: Office
Price: $505,000 ($161.24 / SF)
Buyer: IRREVERENT HOLDINGS LLC
Elifin’s Notes: This is a 4-plex property with two street-level commercial units and two units upstairs serving as a residence and office, respectively.

2141 Alamo Ave, Harvey, LA 70058
2141 Alamo Ave, Harvey, LA 70058

Type: Industrial
Price: $200,000 ($130.72 / SF)
Buyer: MARTINEZ-NAJERA, WILMER O
Elifin’s Notes: An auto repair property changes hands on Alamo Avenue.

4908 4th St, Marrero, LA 70072
4908 4th St, Marrero, LA 70072

Type: Land
Price: $152,000 ($9.69 / Land SF)
Buyer: LONG HORN RAILROAD SERVICES LLC
Elifin’s Notes: A 0.3+ acre parcel of land sells in Marrero.

3340, 3342 Magazine St, New Orleans, LA 70115
3340, 3342 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: H&M REAL ESTATE HOLDINGS LLC
Elifin’s Notes: A restaurant property changes hands at the corner of Magazine Street and Louisiana Avenue.

2212 David Dr, Metairie, LA 70003
2212 David Dr, Metairie, LA 70003

Type: Retail
Price: Withheld
Buyer: FCPT HOLDINGS LLC
Elifin’s Notes: A California-based company purchases a veterinary hospital property on David Drive.

1117 S Clearview Pkwy, New Orleans, LA 70121
1117 S Clearview Pkwy, New Orleans, LA 70121

Type: Retail
Price: Withheld
Buyer: HAMER REAL ESTATE HOLDINGS III LLC
Elifin’s Notes: A regional restaurant operator purchases a Taco Bell location.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
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