The Pulse BR: Former Chase Bank on Government St sells

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

Commercial Sales Recorded Last Week

3012 Government St
3012 Government St

Type: Retail
Price: $913,000 ($231 / SF)
Buyer: North Corporate Properties LLC
Elifin’s Notes: Former Chase Bank in Mid City sells to local investor.

11236 Pennywood Ave
11236 Pennywood Ave

Type: Industrial
Price: $840,000 ($115 / SF)
Buyer: LSC Holdings LLC
Elifin’s Notes: Lawrence Maestri and George Murrell purchase climate controlled office/warehouse off Siegen Lane.

16060 Hatteras Ave
16060 Hatteras Ave

Type: Retail
Price: $800,000 ($246 / SF)
Buyer: Out and About Investments LLC
Elifin’s Notes: LA Daiquiris purchase the bar’s location off O’Neal Lane near I-12.

132 Lee Dr
132 Lee Dr

Type: Retail
Price: $338,000 ($152 / SF)
Buyer: Olin Franklin Land Jr
Elifin’s Notes: Billy Heroman’s Floral Shop sells on Lee Dr near the Highland Rd intersection.

4600 Sherwood Common Blvd, Unit 404
4600 Sherwood Common Blvd, Unit 404

Type: Office
Price: $159,000 ($137 / SF)
Buyer: Anointed Hands Tax Service LLC
Elifin’s Notes: Anointed Hands Tax Service purchases office suite in the Sherwood Common Office Center.

2552 Citiplace Ct
2552 Citiplace Ct

Type: Hospitality
Price: Withheld
Buyer: Shree Maha Laxmi BRLA LLC
Elifin’s Notes: Home2 Suites by Hilton, a 116 room hotel on Citiplace Ct sells to investor. Price withheld.


Upcoming Planning Commission Cases

Showtown Cottages

  • Submitted 9/29/2022 by Geoff Wilson. Proposed multifamily residential development on property located south of Coursey Boulevard, west of South Sherwood Forest Boulevard.
  • Application – View on Map

Four Seasons Apartment Complex

  • Submitted 8/4/2022 by Kevin Nguyen. Proposed medium density multi-family residential development on property located on the south side of Burbank Drive. Deferred from October meeting.
  • 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 Realty
marketing@elifinrealty.com
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