20 Mar The Pulse BR: Sherwood Pointe shopping center sells
A weekly update on the commercial real estate landscape of Baton Rouge.
Commercial Sales Recorded Last Week
7323 Tom Dr
Type: Industrial
Price: $2,610,000 ($75 / SF)
Buyer: JM Test RE Acquisition LLC
Elifin’s Notes: Kanbrick, a Chicago-based business investment firm, purchase JM Test Systems’ facility on Tom Dr as part of their purchase of the company.
6120 Perkins Rd
Type: Office
Price: $2,000,000 ($147 / SF)
Buyer: Glo Resources LLC
Elifin’s Notes: Glo Resources purchases office building on Perkins Rd near the Pennington Biomedical Research Facility.
3034 S Sherwood Forest Blvd
Type: Retail
Price: $1,688,888 ($152 / SF)
Buyer: YCT LLC
Elifin’s Notes: Local investors purchase the Sherwood Pointe shopping center on S Sherwood Forest Blvd.
11800 Industriplex Blvd, Suite 14
Type: Industrial
Price: $525,000 ($81 / SF)
Buyer: AZSRM Properties LLC
Elifin’s Notes: An office/warehouse industrial suite sells at the Metrocenter II complex.
12016 Justice Ave
Type: Office
Price: $335,000 ($102 / SF)
Buyer: D’Vine Renovations and Investors LLC
Elifin’s Notes: Office building sells on Justice Ave.
936 N Bon Marche Dr
Type: Office
Price: $335,000 ($91 / SF)
Buyer: D-Mag Enterprises LLC
Elifin’s Notes: Office sells on N Bon Marche Dr.
6755 Airline Hwy
Type: Retail
Price: $300,000 ($25 / SF)
Buyer: Dawood Mohamed
Elifin’s Notes: Retail property on Airline Hwy near Prescott Rd sells to local investor.
11535, 11545 Sullivan Rd
Type: Retail
Price: $300,000 ($22 / SF)
Buyer: Fernbrook Properties LLC
Elifin’s Notes: Two commercial buildings sell in Central on Sullivan Rd near the Hooper Rd intersection.
14608 S Harrells Ferry Rd
Type: Office
Price: $220,000 ($169 / SF)
Buyer: Prime Physical Therapy LLC
Elifin’s Notes: Prime Physical Therapy purchase office near the company’s current office on S Harrell’s Ferry Rd.
6301 Choctaw Dr
Type: Industrial
Price: $115,000 ($17 / SF)
Buyer: Food N’Geaux LLC
Elifin’s Notes: Industrial property sells on Choctaw Dr near the Greenwell Springs Rd intersection.
19888 Thad Cain Lane
Type: Industrial
Price: Withheld
Buyer: CPI Baton Rouge I LLC
Elifin’s Notes: New Jersey-based real estate investors purchase distribution facility off Airline Hwy near the Highland Rd intersection.
255 Laurel St
Type: Land
Price: Withheld
Buyer: Sigyn LLC
Elifin’s Notes: Real estate agent, Hank Saurage, purchases downtown parking lot.
Upcoming Planning Commission Cases
DiGiulio Brothers Italian Cafe on Perkins expanding and rezoning
- Submitted 2/2/23 by Rachel Waldroup. Proposed rezoning from C1 and restaurant (C-AB-1) to restaurant (C-AB-1) and LC1 on gravel parking lot located on the north side of Perkins Road, east of Christian Street, for new restaurant addition.
- Staff Report – Application – View on Map
Commercial Permits Issued Last Week
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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.
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