Texas-based company purchases large healthcare facility

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 3, 2026, totaling $7.8M in disclosed volume. The headline deal: Willow Tree Residences, LLC paid $3.2M ($72,727/unit) for a 44-unit multifamily property in Terrytown on the West Bank. Out-of-state investment continued with a Texas-based company acquiring a healthcare facility and adjacent land parcel in Kenner.


Commercial Sales Recorded Last Week

2916 N Monterey Ct, Terrytown, LA 70056
2916 N Monterey Ct, Terrytown, LA 70056

Type: Multifamily
Price: $3,200,000 ($72,727 / Unit)
Buyer: Willow Tree Residences, LLC
Elifin’s Notes: A 44-unit, 7 building multifamily property sells in Terrytown, on the West Bank.

140 Laitram Lane, New Orleans, LA 70123
140 Laitram Lane, New Orleans, LA 70123

Type: Industrial
Price: $1,200,000 ($142.42 / SF)
Buyer: LAPEYRE PROPERTIES LLC
Elifin’s Notes: An industrial property changes hands on Laitram Lane.

622, 624 Baronne St, New Orleans, LA 70113
622, 624 Baronne St, New Orleans, LA 70113

Type: Office
Price: $988,995 ($105.00 / SF)
Buyer: LYNCH , EVA G
Elifin’s Notes: A three-story office property sells on Baronne Street.

12201 Levy Dr, New Orleans, LA 70128
12201 Levy Dr, New Orleans, LA 70128

Type: Land
Price: $750,000 ($7.97 / Land SF)
Buyer: VET BUILD LLC
Elifin’s Notes: Spees Design Build, a Veteran-owned architectural and engineering firm, purchases two side-by-side vacant tracts of land; this being a 2+ acre portion.

4332 Magazine St, New Orleans, LA 70115
4332 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $649,000 ($300.46 / SF)
Buyer: DOXTATER, OLIVER M
Elifin’s Notes: A retail property sells on Magazine Street.

12401 Levy Dr, New Orleans, LA 70128
12401 Levy Dr, New Orleans, LA 70128

Type: Land
Price: $475,000 ($2.37 / Land SF)
Buyer: VET BUILD LLC
Elifin’s Notes: Spees Design Build, a Veteran-owned architectural and engineering firm, purchases two side-by-side vacant tracts of land; this being a 4+ acre portion.

220 Acadia Dr, Westwego, LA 70094
220 Acadia Dr, Westwego, LA 70094

Type: Land
Price: $310,000 ($1.41 / Land SF)
Buyer: TIDAL WAGGAMAN LLC
Elifin’s Notes: A 5+ acre parcel of land sells on Acadia Drive.

726 S Labarre Rd, New Orleans, LA 70121
726 S Labarre Rd, New Orleans, LA 70121

Type: Multifamily
Price: $245,000 ($49,000 / Unit)
Buyer: SJL REALTY LLC
Elifin’s Notes: A 5-unit multifamily property changes ownership on South Labarre Road.

5640, 5646 Read Blvd, New Orleans, LA 70127
5640, 5646 Read Blvd, New Orleans, LA 70127

Type: Office
Price: Withheld
Buyer: PECAN TREE HOLDING GROUP LLC
Elifin’s Notes: Two medical office properties sell together near New Orleans East Hospital.

3101-3121 Cleary Ave, Metairie, LA 70002
3101-3121 Cleary Ave, Metairie, LA 70002

Type: Multifamily
Price: Withheld
Buyer: 84 APARTMENTS LLC
Elifin’s Notes: An 84-unit multifamily property changes ownership on Cleary Avenue.

3601 Loyola Dr, Kenner, LA 70065
3601 Loyola Dr, Kenner, LA 70065

Type: Healthcare
Price: Withheld
Buyer: NEP KENNER LP
Elifin’s Notes: A Texas-based company purchases a healthcare property and an adjacent 12+ acre parcel of commercial land on North Loyola Drive.

12150 I 10 Service Rd, New Orleans, LA 70128
12150 I 10 Service Rd, New Orleans, LA 70128

Type: Retail
Price: Withheld
Buyer: HAMDAN SONS INVESTMENTS LLC
Elifin’s Notes: A former IHOP-occupied restaurant property sells on the I-10 Service Road near Bullard Avenue.


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
marketing@elifinrealty.com
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