The Pulse BR: Arlington Cottage Apartments sell to Chicago Investors

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

Commercial Sales Recorded Last Week

7031 Commerce Cir
7031 Commerce Cir

Type: Office
Price: $12,000,000 ($442 / SF)
Buyer: Louisiana Paradigm LLC
Elifin’s Notes: Republic Finance building in Towne Center sells to local investor in a lease-back agreement.

6588 Siegen Lane
6588 Siegen Lane

Type: Retail
Price: $4,953,593 ($1,598 / SF)
Buyer: Raising Cane’s Restaurants LLC
Elifin’s Notes: Raising Cane’s purchases the restaurant’s Siegen Lane location.

7959 Essen Park Ave
7959 Essen Park Ave

Type: Hospitality
Price: $4,800,000 ($61,538 / Unit)
Buyer: BRLA Enterprises LLC
Elifin’s Notes: Arkansas-based investor purchases Fairfield Inn & Suites by Marriott, a 78 unit hotel located off Essen Ln near I-10.

8716 Siegen Lane
8716 Siegen Lane

Type: Land
Price: $3,700,000 ($11.80 / Land SF)
Buyer: Building Hope Siegen Lane Inc
Elifin’s Notes: Building Hope, a DC based non-profit that assist charter schools in acquiring land and developing schools, purchases 7.2 acres on Siegen Lane near the Perkins Rd intersection.

655 Highlandia Dr
655 Highlandia Dr

Type: Retail
Price: $1,690,000 ($122 / SF)
Buyer: Pharma Property Group LLC
Elifin’s Notes: Sola Pharmaceutical purchase their Baton Rouge space on Highlandia Dr.

1885 Wooddale Blvd
1885 Wooddale Blvd

Type: Office
Price: $1,008,000 ($10 / SF)
Buyer: 1008 Jourdan SPE LLC
Elifin’s Notes: Natchitoches-based investor purchases former state office building located off Wooddale Blvd.

13353 Perkins Rd
13353 Perkins Rd

Type: Retail
Price: $610,000 ($83 / SF)
Buyer: Vividavis Development LLC
Elifin’s Notes: Metairie-based investor purchases retail property on Perkins Rd near the Siegen Lane intersection.

4142 Even Brook Dr
4142 Evan Brooks Dr

Type: Industrial
Price: $425,000 ($68 / SF)
Buyer: Brightbox Wholesale Signage LLC
Elifin’s Notes: Brightbox Wholesale Signage purchase industrial property near their location on Evan Brook Dr.

9798 Greenwell Springs Rd
9798 Greenwell Springs Rd

Type: Retail
Price: $340,000 ($340,000 / Unit)
Buyer: Bernard M Kibodi
Elifin’s Notes: Local investor purchases former Taco Bell on Greenwell Springs Rd.

1732 Plank Rd
1732 Plank Rd

Type: Office
Price: $150,000 ($31 / SF)
Buyer: Caillier Rentals LLC
Elifin’s Notes: Office building sells on Plank Rd near the I-110 overpass.

550 Ben Hur Road
550 Ben Hur Road

Type: Multifamily
Price: Withheld
Buyer: WSCR Arlington Owner IX, LP
Elifin’s Notes: Arlington Cottage, a 732 apartment complex near LSU, sells to Walton Street Capital, a Chicago-based real estate investment group. Price withheld.


Upcoming Planning Commission Cases

Short Term Rentals

  • Submitted 10/23/2019 by Metro Council. Unified Development Code amendment to revise Chapter 9, Use Regulations and Chapter 19, Definitions to establish regulations for short term rentals.
  • Staff Report

 
Bar / Pool Hall on N Foster Dr

  • Submitted 7/25/2022 by Marcus Andrews. Proposed rezoning from Light Commercial (C1) to Commercial Alcoholic Beverage (bar and lounge)(C-AB-2) on property located northwest of the intersection of North Foster Drive and Madison Avenue, for bar / pool hall serving alcohol.
  • Staff Report – Application – View on Map

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®
Elifin Realty
marketing@elifinrealty.com
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