The January 2, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $7.64M in disclosed volume. The headline deal: Southstar MD LLC, a Utah-based investor, paid $1.8M ($681/SF) for SouthStar Urgent Care on Main Street in Zachary. Office led the week with four of the eleven sales, including an office building on Bluebonnet Boulevard bought...
The December 26, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.92M in disclosed volume. The headline deal: GLIM LLC, a local investor, paid $2M ($372/SF) for an office building in the Metro Office Park on Jefferson Highway. Office led the week with three of the seven sales, while a retail center at Monterrey...
DOWNLOAD FULL REPORT (PDF) At 34 total recorded commercial sales, November was among the slowest of 2022 along with October and February. The most active month so far this year is June, with 60 recorded sales. Transaction volume for November was $129.5 million–a 124% increase from October– bringing the total commercial sales volume to an 8-year high of $1.14 billion. Multifamily property accounts...
The December 19, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $3.01M in disclosed volume. The headline deal: Montecristo Cigar Bar & Bistro LLC, the restaurant and bar's owner, paid $750K ($124/SF) for its property on Howell Boulevard near the Baton Rouge airport. Retail led the week with six of the nine sales, including...
The December 12, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $5.52M in disclosed volume. The headline deal: Baton Rouge Vet Center LLC, an Illinois-based investor, paid $2M ($277/SF) for the former Neighbors Credit Union at South Sherwood Forest Boulevard and Market Place Avenue. Retail and industrial led with three sales each, including a...
The December 5, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $45.1M in disclosed volume. The headline deal: Hidden Oaks Owner LLC, for New York-based real estate investment firm CLK Properties, paid $39.5M ($126,603/unit) for the Hidden Oaks at Siegen, a 312-unit apartment complex on Siegen Lane. Multifamily and retail led with two sales...
The November 28, 2022 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $1.45M in disclosed volume. The headline deal: AGP Investments LLC, a local investor, paid $800K ($207/SF) for a former bank branch on Industriplex Boulevard. Land accounted for two of the four sales, including a commercially zoned tract near Prescott Road and Plank Road...
The November 21, 2022 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $54.5M in disclosed volume. The headline deal: Perkins Rowe Owner LLC, for New York multifamily investment firm Avid Realty Partners, paid $41.8M ($184,956/unit) for the Terraces at Perkins Rowe, the 226-unit apartment complex at Perkins Rowe. Land and retail led with four sales...
DOWNLOAD FULL REPORT (PDF) Officially crossing $1 billion in total transaction volume for the second year in a row, the commercial market continues to set 8-year highs in number of transactions and dollar volume. So far in 2022 there have been 458 recorded sale transactions, an 11% increase over last year at this time. Among the property types tracked by this report, Multifamily...
The November 14, 2022 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $10.9M in disclosed volume. The headline deal: Perkins Plaza Development LLC, a business owned in part by local orthopedic surgeon Dr. Larry "Chip" Bankston, Jr., paid $8.95M ($383/SF) for the Lake Surgery Center on Perkins Road, sold by OLOL. Office led the week...
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