The November 7, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $31.9M in disclosed volume. The headline deal: ALH Properties No Twenty Six LP, for Texas-based hotel development and management company American Liberty Hospitality, paid $10.3M ($101,485/unit) for the Hampton Inn & Suites Baton Rouge off Reiger Road. Office and retail led with two...
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...
The October 31, 2022 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $3.05M in disclosed volume. The headline deal: North Corporate Properties LLC, a local investor, paid $913K ($231/SF) for a former Chase Bank on Government Street in Mid City. Retail led the week with three of the six sales, including LA Daiquiris' purchase of...
The October 24, 2022 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $6.44M in disclosed volume. The headline deal: Park Forest Self Storage LLC, for Midwest Self Storage Development, a company that repurposes underutilized commercial properties into climate-controlled storage facilities, paid $2.33M ($775,000/unit) for a shopping center on Greenwell Springs Road. Retail, land and office...
The October 17, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $4.21M in disclosed volume. The headline deal: Antonio Clayton, Tony Clayton of the law firm Clayton, Fruge & Ward, paid $2M ($67/SF) for a six-story office building at 343 Third Street in downtown Baton Rouge. Office and industrial led with two sales each,...
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...
The October 10, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $18.7M in disclosed volume. The headline deal: GEO Academies Louisiana Holdings Inc paid $14M ($390/SF) for GEO Prep Academy's Mid City campus off Lobdell Boulevard. Land and retail led with three sales each, while local investor Towering Oaks BR LLC bought two Tigerland...
The October 3, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $23.1M in disclosed volume. The headline deal: Friends of Impact Charter Schools paid $8.53M ($252/SF) for Impact Charter School's facility on Lavey Lane in Baker. Land led the week with three of the eleven sales, including 19.5 acres of undeveloped land in the...
The September 26, 2022 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $46.7M in disclosed volume. The headline deal: LTL Royal Palms-Baton Rouge DST, for California-based multifamily investment and management firm LTL Investments, paid $30M ($238,095/unit) for the Royal Palms apartments off Airline Highway near I-12. Office led the week with seven of the fourteen...
DOWNLOAD FULL REPORT (PDF) From the 7-year low of commercial sales activity in October 2020, East Baton Rouge Parish has seen a steady upward trajectory in number of sales and sales volume to the current all-time YTD highs of 372 transactions and $798.2 million transacted. The sales market is on pace to break the all-time record of dollar volume transacted and is...
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