The Pulse BR: 364 acres purchased for new neighborhood

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

Old Scenic Hwy at Groom Rd
Old Scenic Hwy at Groom Rd

Type: Land
Price: $2,750,000 ($0.18 / Land SF)
Buyer: Trivento Development LLC
Elifin’s Notes: Developer Arthur Lancaster purchases 364 acres on the corner of Old Scenic Hwy and Groom Rd with plans to develop a residential neighborhood.

12110 Old Hammond Hwy
12110 Old Hammond Hwy

Type: Retail
Price: $400,000 ($55.17 / SF)
Buyer: Haitham Shaibi
Elifin’s Notes: Retail property containing Big Boy Shop & Geaux sells on the corner of Old Hammond Hwy and Blvd De Province.

1946 Wooddale Blvd
1946 Wooddale Blvd

Type: Office
Price: $250,000 ($46.62 / SF)
Buyer: Ray J’s College of Hair LLC
Elifin’s Notes: Ray J’s College of Hair purchase Wooddale Blvd office from The Bug Man Pest Control.

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 $100,000. 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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