New York investors purchase 3 apartment complexes
The April 15, 2024 issue covers ten commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.77M in disclosed volume. The headline deal: Fen Xu, owner of EE Kitchen & Bath, paid $1.3M ($135.42/SF) for the company's building on South Sherwood Forest Boulevard. Multifamily led the week with four of the ten sales, including three complexes bought by New York investors with prices withheld: the 117-unit Pelican Bay apartments, the 48-unit Howell Place apartments and the 48-unit Pirate Bends Apartments.
10Commercial sales recorded
$3.77MDisclosed volume (7 of 10 sales)
$1.3MLargest sale · 5251 S Sherwood Forest Blvd
4Multifamily sales, the most active type
Commercial Sales Recorded Last Week 10 sales
5251 S Sherwood Forest Blvd
$1,300,000 $135.42 / SF
EE Kitchen & Bath owner purchases the company's building on S Sherwood Forest Blvd.
BuyerFen Xu
13386 Airline Hwy
$1,190,000 $175.00 / SF
A multi-tenant retail property sells along Airline Highway in Gonzales
BuyerClay & Dean, LTD, LLC
1996 70th Ave
$430,000 $39,091 / unit
Local investor purchases 11 residential homes throughout the Baton Rouge area.
BuyerGrace Property Ventures LLC
9112 S Choctaw Dr
$315,000 $56.25 / SF
Industrial property sells on S Choctaw Dr near the Oak Villa Blvd intersection.
BuyerFCB Enterprises, LLC
1119 North Blvd
$311,750 $128.29 / SF
Local investor, Collis Temple Jr, purchases office building on North Blvd.
BuyerHarmony Properties LLC
North Blvd at N 12th St
$123,250 $6.58 / Land SF
Local investor purchases two vacant lots on North Blvd.
BuyerHarmony Properties LLC
6104 N Foster Dr
$100,000 $2.55 / Land SF
Vacant lot sells on N Foster Dr.
BuyerOnyx Square LLC
2121 N Lobdell Blvd
Price withheld
New York investors purchase the Pelican Bay apartments, a 117 unit complex on N Lobdell Ave.
BuyerGranite Pelican Bay LLC
4150 72nd Ave
Price withheld
New York investors purchase Howell Place apartments, a 48 unit complex on 72nd Ave.
BuyerGranite Howell Place LLC
8165 Plank Rd
Price withheld
New York investors purchase the Pirate Bends Apartments, a 48 unit complex on Plank Rd.
BuyerGranite Pirates Bend LLC
Commercial Permits Issued Last Week 83 permits
| Address | Type | Value | Description | Owner / Applicant / Contractor |
|---|---|---|---|---|
| 1628 FLORIDA ST | New Building Permit | $1,500,000 | New construction of 2,933 sq. ft. St. Louise de Marillac Chapel, chapel and meeting room. | O Michael AcaldoA Robert L LunsfordC DEUMITE CONSTRUCTION, L.L.C. |
| 700 STE 400 MAIN ST | Remodel Permit | $458,000 | (EXPEDITED) PROJECT IS A 3500SF RENOVATION FOR AN OFFICE SPACE ON THE 4TH FLOOR OF A EXISTING OFFICE BUILDING. | O DEDRA BROWNA Phillip KernC ACI FACILITY SUPPORT, LLC |
| 5919 CREEK CENTRE DR | Remodel and Addition Permit | $415,000 | New team member access door, Tormax Drive-thru Door, expanded Drive-thru, new ice machine, hand sink, dump sink, filtered water faucet, new split system HVAC and new stainless-steel counters and table. | O —A Carolyn Brewer (Agent)C Empower Construction Texas Inc – Brian Hargrave |
| 14241 COURSEY BLVD | Mechanical Permit | $356,089 | CAP-X HVAC-2-USMV-042734-Removal of 6 existing RTUS and the installation of 6 new RTU on existing curbs with curb adapters. | O —A —C N/A |
| 6632 JONES CREEK RD | Complete Interior Permit | $350,000 | Build out for new Physical Therapy Office to include exam rooms, restrooms, break room, new lights. | O Ryan JuneauA Thomas ChisholmC STIRLING PROPERTIES, L.L.C. |
| 19900 SAMUELS RD | Land Clearing Permit | $350,000 | Land clearing of an existing undeveloped grassy site. Rough excavation of detention ponds. | O Josh TeekelA Ritter MaherC Harvey Honore Enterprises – Aaron Honore |
| 10480 PERKINS RD | Remodel and Addition Permit | $250,000 | (EXPEDITED) 580 sf addition and 550 sf renovation to an existing restaurant. | O —A Ritter MaherC ARKEL CONSTRUCTORS, LLC |
| 3116 COLLEGE DR | Remodel Permit | $150,000 | Installing a new roof system by removing the existing gravel roof down to decking, then installing new TPO single ply membrane over 2 layers of 2.2 polyisocyanurate insulation. | O Tim MitchA Kyle WilloughbyC Willoughby Roofing & Sheet Metal, Inc. |
| 7776 SCENIC HWY | New Building Permit | $85,915 | Building 50' x 48' Canopy over gas pumps at existing gas station. | O Dustin ColletteA BRANDON EVANSC CHAPMAN CANOPY, INC. – BRANDON EVANS |
| 2899 GREENWOOD DR | Existing Cell Tower | $75,000 | Verizon Wireless needs to upgrade some of their existing equipment located on this 90' wooden pole. This is for a technology upgrade to provide better wireless coverage. | O Luciana PotterA Mary PorterC CMS Wireless, LLC of Delaware |
| 8183 AIRLINE HWY | Addition Permit | $70,000 | (EXPEDITED) A 52 SQFT BUMPOUT ADDITION TO A EXISTING BANK FOR AN ATM ROOM. | O JACKIE PATINA Phillip KernC MAPP CONSTRUCTION, LLC. |
| 3131 COLLEGE DR | Mechanical Permit | $20,778 | Change out the 10-ton gas pack rooftop unit | O —A Kerry ScavonaC A & K HEATING AND A/C, INC. – Kerry Scavona |
| 930 O'Neal Lane | Mechanical Permit | $17,300 | Installation of commercial kitchen exhaust hood. | O —A —C N/A |
| 4432 PLANK RD | Sign Permit | $15,000 | Commercial Sign | O Tran HahnA Lauran BuntingC North Louisiana Electrical – Jacob McCartney |
| 10220 COURSEY BLVD | Sign Permit | $15,000 | Sign- wall | O —A Pedro DocampoC A-1 SIGNS, LLC |
| 111 FOUNDERS DR | Mechanical Permit | $14,785 | remove & replace (1) 5 ton condenser and (1) air handler with 15kw heat, Suite 300 | O —A Kim GuzmanC BRISTER-STEPHENS, INC. |
| 1919 MILLERVILLE RD | Sign Permit | $12,000 | SIGN | O —A Morgan DescantC DEEP SOUTH SIGNS, LLC – Morgan Descant |
| 4675 ESSEN LN | Sign Permit | $10,000 | Sign – Wall | O —A Pedro DocampoC A-1 SIGNS, LLC |
| 10725 PERKINS RD | Sign Permit | $6,600 | Sign- monument | O —A Cassie WhiteC TTA Services LLC |
| 10207 MAMMOTH AVE | Fence Permit | $4,000 | Installation of 6' high chain link fence and gate WITHOUT barbed wire top. The fencing will be install on the side property lines. | O —A Forrest ScottC FORREST SCOTT FENCING, INC. |
| 243 STE 4 N ACADIAN THWY | Electrical Permit | $1,200 | Only Installed two ceiling fans, in place of existing lights (same CKT), Suite 4 | O Corie TapieA —C BOBBY L. ACHORD |
| 11832 NEWCASTLE AVE | Occupancy | $893 | Salon and spa | O Destiny NorrisA Destiny NorrisC LocsByD – Destiny Norris |
| 2840 MISSION DR | Occupancy | $500 | short term materials storage | O —A Forrest ScottC N/A |
| 3030 CONGRESS BLVD | Gas Test Permit | $495 | Laundry Room | O Concord CondominiumsA OMAR LOPEZC Fair Rate Plumbing LLC – Rigoberto Lopez Castillo |
| 111 FOUNDERS DR | Occupancy | $297 | This building is used as an office for an attorney's office. The entergy account number for the read and leave on/ turn on permit is 200105211. Suite 400. | O Dodson and Sons PropertiesA Chris CorzoC Chris Corzo Injury Attorneys – Chris Corzo |
| 1984 STARING LN | Occupancy | $1 | Start electricity service while searching for new tenant. Need permit sent to Entergy. | O Lori CohnA Lori CohnC Stephanie Hebert |
| 11646 N OAK HILLS PKWY | Gas Test Permit | $1 | Gas Test | O Dhaval AdhvaryuA MIKE LASSEIGNEC Baton Rouge Sewer & Drain Service Inc DBA Roto Rooter – Michael Lasseigne |
| 18157 E PETROLEUM DR | Occupancy | $1 | Start power service with Entergy | O Jairo GualdronA Jairo GualdronC N/A |
| 2121 LOBDELL BLVD | Occupancy | $1 | Property Managers Office | O Myles MenowitzA Myles MenowitzC N/A |
| 4915 ALVIN DARK AVE | Gas Test Permit | $1 | Gas Test, Unit #45 | O —A MIKE LASSEIGNEC BATON ROUGE SEWER & DRAIN SERVICE, INC. |
| 12360 LEISURE RD | Demolition Permit N/A | N/A | Demo of existing bulk storage warehouse and slab Pre-engineered metal paneled building and shed structure. | O Andy ParkerA Scott ZeringueC N/A |
| 5565 ESSEN LN | Occupancy N/A | N/A | Donut Shop ( We need to get electrical power changed from existing owner to new owner) need suite letter. | O Brigham RagusaA Brigham RagusaC RIVER CITY AIR CONDITIONING – Brigham Ragusa |
| 6947 VAN GOGH AVE | Occupancy N/A | N/A | MInistry | O Sharonda BrooksA Sharonda BrooksC N/A |
| 10641 HILLARY CT | Occupancy N/A | N/A | Office, Suite 3 Office, Suite 3 | O Shane MichelliA Stephanie MichelliC Blue Aqua LLC – Stephanie Michelli |
| 7809 JEFFERSON HWY | Occupancy N/A | N/A | CLEAN AND SHOW ONLY. TENANT HAS VACATED AND WE NEED POWER ON IN LANDLORDS NAME. ENTERGY ACCOUNT #200160778. LOCK BOX ON THE DOOR 1984 CALL AHEAD, Suite C-2 | O —A Nichole MichelliC N/A |
| 2980 O'NEAL LN | Occupancy N/A | N/A | Alcohol beer tobacco permit and electricity service from demco | O Poonam kaur BhuiA Poonam kaur BhuiC PK bhui corp – Poonam kaur Bhui |
| 5565 ESSEN LN | Occupancy N/A | N/A | Xhalecity Vape Shop ( Need to get eletrical move for existing owner to new owner) | O Brigham RagusaA Brigham RagusaC N/A |
| 2870 WELLER AVE | Occupancy N/A | N/A | Power to existing building, restoring power. ENTERGY | O —A —C N/A |
| 1119 NORTH BLVD | Occupancy N/A | N/A | Office Space | O Collis B. Temple Jr.A Collis TempleC CT Contractors – Collis B. Temple Jr. |
| 12116 AIRLINE HWY | Occupancy N/A | N/A | INSPECTION FOR A CLEAN AND SHOW OF A RETAIL SPACE | O MAXWELL ROBINSONA FRED MATTHEWSC MGC, INC – FRED MATTHEWS |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | house meter | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2736 STE B O'NEAL LN | Occupancy N/A | N/A | The building will be used to store supplies and office space, Suite B | O —A Michael BowenC N/A |
| 6230 HOLLYFIELD DR | Occupancy N/A | N/A | Construction company | O —A phuong nguyenC N/A |
| 7612 STE N PICARDY AVE | Occupancy N/A | N/A | clean and show for office | O —A Dr. William CouvillionC N/A |
| 8165 PLANK RD | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Pirates Bend – Myles Menowitz |
| 11814 Market Place AVE | Occupancy N/A | N/A | Office space | O Yvonntae LanehartA Yvonntae LanehartC N/A |
| 12041 BRICKSOME AVE | Occupancy N/A | N/A | CLEAN AND SHOW, Suite A | O RICHARD HEDLEYA RICHARD HEDLEYC N/A |
| 7612 STE H PICARDY AVE | Occupancy N/A | N/A | clean and show for office | O —A Dr. William CouvillionC N/A |
| 9150 HIGHLAND RD | Occupancy N/A | N/A | Temporary Tent Permit for St. Jude Catholic Church Parish Fair, April 19-21 | O Keith NealA Keith NealC N/A |
| 3535 STE 350 PERKINS RD | Occupancy N/A | N/A | Hair salon, taking over existing salon business | O Rachel EggieA Rachel EggieC N/A |
| 3064 OSWEGO ST | Occupancy N/A | N/A | Security Lights | O Courage IdusuyiA Courage IdusuyiC CK Enterprises of Louisiana – Courage Idusuyi |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident apartments | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 8165 PLANK RD | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Pirates Bend – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 N Lobdell Blvd Building 12 | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 3052 OSWEGO ST | Occupancy N/A | N/A | Security Lights | O Courage IdusuyiA Courage IdusuyiC CK Enterprises of Louisiana – Courage Idusuyi |
| 2645 BLDG B O'NEAL LN | Occupancy N/A | N/A | New Tenant in a Commercial Building | O Mike RuskA Jeffrey SheerC Valmet – Jeffrey Sheer |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident apartments | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 N Lobdell Blvd | Occupancy N/A | N/A | Resident apartments | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident apartments | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 1750 BRIGHTSIDE DR | Occupancy N/A | N/A | Thrift and consignment shop, Suite E | O Samantha AbshireA Samantha AbshireC N/A |
| 4150 72ND AVE | Occupancy N/A | N/A | Office for property manager | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Apartments | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 4150 72ND AVE | Occupancy N/A | N/A | Building 4 house meter | O Ginger PositerryA Myles MenowitzC Granite Howell Place – Myles Menowitz |
| 4150 72ND AVE | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Howell Place – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Apartment Units bldg 14 house meter | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Apartment Units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident Units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 2333 N ACADIAN THWY W | Occupancy N/A | N/A | Bar and grill. Class A license in C1, C-AB-2 zoning. | O Alvera HarrisA Alvera HarrisC N/A |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Resident units | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 7930 JEFFERSON HWY | Occupancy N/A | N/A | **CLEAN AND SHOW ONLY** | O —A Amy PonthieuC N/A |
| 8535 GREENWELL SPRINGS RD | Occupancy N/A | N/A | Retail clothing store | O Jerrell SettleA Jerrell SettleC Exclusive all around 225 – Jerrell Settle |
| 2121 LOBDELL BLVD | Occupancy N/A | N/A | Building for tenants | O Ginger PositerryA Myles MenowitzC Granite Pelican Bay – Myles Menowitz |
| 12090 S Harrells Ferry Rd | Occupancy N/A | N/A | Speech therapy services, D4 | O Briana WestA Briana WestC West Therapy Solutions LLC – Briana West |
| 9818 PERKINS RD | Occupancy N/A | N/A | CONVEINCE STORE WITH GAS EXISTING BUSINESS SELL ALCOHOL | O ABDELRAHIM SADIA ABDELRAHIM SADIC HOP IN – ABDELRAHIM SADI |
| 6123 KETCHWOOD CT | Driveway Permit N/A | N/A | additional parking in driveway (25 x 30 slab) and (10 x 25 slab) and new walkway (50 x 4) | O Brady WickerA Brady WickerC Brady Wicker |
| 10235 JEFFERSON HWY | Occupancy N/A | N/A | Clerical, Bldg. 1 Suite D | O —A Bryant VothC N/A |
| 8280 YMCA PLAZA DR | Occupancy N/A | N/A | Office Space | O Landau AssociatesA Lev A ShulgaC N/A |
| 11616 Industriplex | Occupancy N/A | N/A | At 11616 Industriplex Unit 19, it will be a storage facility. DimentFirm is a Bankrupcy law firm where collateral will need to be stored when clients are needed to exit their existing location. | O —A Matthew DimentC N/A |
| 18135 E Petroleum | Occupancy N/A | N/A | Meat Market and deli, Suite J | O Tressy LeindeckerA tressy leindeckerC Chris's Specialty Foods – tressy leindecker |
| 6401 BLUEBONNET BLVD | Occupancy N/A | N/A | Restaurant & Bar, #720 | O —A Quincy QuiettC N/A |
| 11616 Industriplex | Occupancy N/A | N/A | 11616 Industriplex BLVD in units 18 and 19 DimentFirm LLC will be using these units for storage of collateral. 4/4/2024 Matthew Diment I will use this one for unit 18 since there is a meter for each one. | O —A Morley DimentC N/A |