The Pulse BR: Towne Center Sold

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

Commercial Sales Recorded Last Week

7529 Corporate Blvd, Baton Rouge, LA 70809
7529 Corporate Blvd, Baton Rouge, LA 70809

Type: Retail
Price: $81,000,000 ($197.16 / SF)
Buyer: G&I XI TC at Cedar Lodge LLC
Elifin’s Notes: The Towne Center at Cedar Lodge sells to a New York-based entity for $81MM.

4445 Alvin Dark Ave, Baton Rouge, LA 70820
4445 Alvin Dark Ave, Baton Rouge, LA 70820

Type: Multifamily
Price: $5,450,000 ($18,167 / Unit)
Buyer: Tigerland Acquisition Co., LLC
Elifin’s Notes: Tiger Plaza, a 300 unit apartment complex, sells in Tigerland.

14375, 14385 Grand Settlement Blvd (Units D, E), Baton Rouge, LA 70818
14375, 14385 Grand Settlement Blvd (Units D, E), Baton Rouge, LA 70818

Type: Retail
Price: $5,000,000 ($359.17 / SF)
Buyer: Levert St John LLC
Elifin’s Notes: A pair of multi-tenant retail buildings sell near Central.

11207 Proverbs Ave, Baton Rouge, LA 70816
11207 Proverbs Ave, Baton Rouge, LA 70816

Type: Office
Price: $2,915,000 ($145.86 / SF)
Buyer: City of St George
Elifin’s Notes: The City of Saint George acquires their municipal services office off of Sherwood Common Boulevard.

1027 W Lee Dr, Baton Rouge, LA 70820
1027 W Lee Dr, Baton Rouge, LA 70820

Type: Retail
Price: $1,500,000 ($166.67 / SF)
Buyer: Autozone Development LLC
Elifin’s Notes: AutoZone purchases the retail property next to Mike Anderson’s on Lee Drive.

1820 Hwy 30 W, Gonzales, LA 70737
1820 Hwy 30 W, Gonzales, LA 70737

Type: Industrial
Price: $1,300,000 ($114.54 / SF)
Buyer: C Three Holdings, LLC
Elifin’s Notes: An industrial property with both office and warehouse space sells in Gonzales.

17257 Hwy 44, Prairieville, LA 70769
17257 Hwy 44, Prairieville, LA 70769

Type: Industrial
Price: $1,100,000 ($130.95 / SF)
Buyer: Lusco Prime, LLC
Elifin’s Notes: An industrial property sells on Highway 44 in Prairieville.

15755 S Harrells Ferry Rd; 2870, 2880 Lirocchi Dr, Baton Rouge, LA 70816
15755 S Harrells Ferry Rd;
2870, 2880 Lirocchi Dr, Baton Rouge, LA 70816

Type: Industrial
Price: $1,000,000 ($89.29 / SF)
Buyer: Rotolo Consultants Inc
Elifin’s Notes: Rotolo Consultants Inc acquires their landscaping business location on South Harrells Ferry Road.

4811 Hooper Rd, Baton Rouge, LA 70811
4811 Hooper Rd, Baton Rouge, LA 70811

Type: Office
Price: $975,000 ($92.60 / SF)
Buyer: EBR Parish
Elifin’s Notes: The East Baton Rouge Parish government acquires an office property on Hooper Road.

5130 Highland Rd, Baton Rouge, LA 70808
5130 Highland Rd, Baton Rouge, LA 70808

Type: Multifamily
Price: $900,000 ($128,571 / Unit)
Buyer: HNL Smarter Living LLC
Elifin’s Notes: HNL Smarter Living LLC acquires a 7-unit multifamily property near the Walmart on Highland Road.

15800 Blues Hwy, Zachary, LA 70791
15800 Blues Hwy, Zachary, LA 70791

Type: Land
Price: $455,000 ($0.18 / Land SF)
Buyer: DHI Properties LLC
Elifin’s Notes: DHI Properties LLC purchases a 56+ acre parcel of land along Highway 61 in Zachary.

Lot LA 1 E Hwy 30, Geismar, LA 70734
Lot LA 1 E Hwy 30, Geismar, LA 70734

Type: Land
Price: $425,000 ($2.85 / Land SF)
Buyer: PRICECO LC
Elifin’s Notes: Priceco L.C purchases a 3.4+ acre parcel of commercial land in Geismar.

625 Colonial Dr, Baton Rouge, LA 70806
625 Colonial Dr, Baton Rouge, LA 70806

Type: Office
Price: $230,000 ($67.65 / SF)
Buyer: KP Colonial LLC
Elifin’s Notes: An office property sells on Colonial Drive.

1504 E Hwy 30, Gonzales, LA 70737
1504 E Hwy 30, Gonzales, LA 70737

Type: Office
Price: $187,500 ($107.51 / SF)
Buyer: Peristyle Residences LLC
Elifin’s Notes: Peristyle Residences LLC acquires a dentist clinic property sitting on nearly an acre of land on East Highway 30.

2223 Quail Run Dr (Units G-1, G-2), Baton Rouge, LA 70808
2223 Quail Run Dr (Units G-1, G-2), Baton Rouge, LA 70808

Type: Office
Price: $160,000 ($69.99 / SF)
Buyer: Cack Holdings LLC
Elifin’s Notes: Cack Holdings LLC acquires an office condominium within the Quail Run Office Complex.


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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