07 Dec The Pulse: Interline Office Building Sells for 10m, Land in Rouzan Development Sells for 7m

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

Commercial Sales Recorded Last Week

9181 Interline Ave
Price: $10,489,000 ($380 / SF)
Buyer: EGP 9181 Baton Rouge LLC
Elifin’s Notes: 100% occupied single-tenant Executive Centre on Interline Ave purchased by Easterly Government Properties. EGP is a real estate acquisition company that focuses primarily on the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies. This office is leased to the Health Resources & Services Administration (HRSA) until 2040.

7900-8198 Hendrick Dr
Price: Withheld
Buyer: A.B.C. Development Corporation
Elifin’s Notes: Mobile home park off Elliot Rd sells to local corporation. Price withheld.

7234 Airline Hwy
Price: $675,000 ($675 / SF)
Buyer: Yara & Aniya LLC
Elifin’s Notes: Gas station with car wash on Airline Hwy sells to local investors. This buyer also purchased the adjacent lot in June of this year.

7079 Winbourne Ave
Price: $125,000 ($61 / SF)
Buyer: Vincent Cao Nguyen and Hanh Phuong Hoang
Elifin’s Notes: Convenience store near the Airline Hwy / Greenwell Springs Rd intersection sells.

Tract RZ-3-A-1 Rouzan Ave
Price: $7,000,000 ($40.25 / Land SF)
Buyer: Key Rouzan, LLC
Elifin’s Notes: New Orleans-based Key Real Estate Company purchases +/- 3.99 acre tract in the Rouzan Development off Perkins Rd. They plan to develop a $50 million, mixed-use, multifamily project on the site. The development will have a 484-car internal-structured parking garage, ground-floor retail space, a pool, fitness center, yoga room, pet walk, community club room and sky lounge with a community herb garden.

7231 Innovation Park Dr
Price: $1,185,000 ($1.36 / Land SF)
Buyer: Tower Capital Corporation
Elifin’s Notes: Tower Capital Co. real estate investment company purchases +/- 20 acres on Innovation Park Dr near Nicholson Dr.

4435, 4421 W Central Ave
Price: $225,000 ($4.92 / Land SF)
Buyer: L&R Title Company, LLC
Elifin’s Notes: Title company purchases +/- 1.05 acres behind their location on Main St in Zachary.

5049, 5069 Melrose Blvd
Price: $150,000 ($9 / SF)
Buyer: New Consecrated Community Outreach
Elifin’s Notes: Geismar-based non-profit organization purchases two buildings on Melrose Blvd near Florida Blvd and N Foster Dr intersection.

Upcoming Planning Commission Cases

• Proposed Lotus Village Senior Housing Near Spanish Town Rd & Gayosa St – Submitted 12/2/2020 by EBRCOA Lotus Village, L.L.C. and Gracie Co.
  • Lotus I Senior Housing – Proposed 32-unit multifamily residential on property located on the south side of Gracie Street, north of Spanish Town Road, between North 16th Street and Frisco Street, on portions of Lots G-1, H, I, Y, and Z, Square 19 of Suburb Gracie Subdivision. Section 71,T7S, R1W, GLD, EBRP, LA
  • Application – View on Map
  • Lotus II Senior Housing – Proposed 40-unit multifamily residential on property located on the south side of Spanish Town Road, north of Gayosa Street, between North 15th Street and North 16th Street, on portions of Lots 1-12, Square 19 of Suburb Gracie Subdivision.
  • Application – View on Map
  • Lotus III Senior Housing – Proposed 44-unit multifamily residential on property located on the south side of Gayosa Street, north of North Street, between North 15th Street and North 16th Street, on portions of Lots 1, 2-A, 2-B, 3-6, 8-12, and A thru E, Square 13 of Suburb Gracie Subdivision.
  • Application – View on Map

Commercial Permits Issued Last Week

• Type: Occupancy
• Description: New tenant in existing office/warehouse – mechanic work.
• Owner: William Smith

• Type: Electrical
• Description: Service charge out
• Owner: Eerette Joshua

• Type: Electrical
• Description: Replace weather head to service
• Owner: Nedra Wright

• Type: Occupancy
• Description: New tenant in existing office space.
• Owner: Jasiri Basel

• Type: Occupancy
• Description: Cell phone store.
• Owner: Jeff Duhon

• Type: Occupancy
• Description: New tenant in existing office – general office use.
• Owner: Linda Stewart

• Type: Occupancy
• Description: Rental property
• Owner: Gerald Charlet

• Type: Occupancy
• Description: New tenant in existing restaurant. DBA name unknown at this time.
• Owner: Donnie Jarreau

• Type: Occupancy
• Description: New tenant – fitness center, no changes.
• Owner: Sean Smith

• Type: Solar
• Description: Install 5.04 kW solar panel system on existing home – no structural changes.
• Owner: Pharyn Jones

• Type: Occupancy
• Description: General business office.
• Owner: N/A

• Type: Electrical
• Description: Service next to pond for fountain and aerator
• Owner: Neil Juneau

• Type: Mechanical
• Description: 4 ton change out
• Owner: Lionel Bazile

• Type: Occupancy
• Description: Office/warehouse.
• Owner: Joshua Duke

• Type: Commercial: Remodel
• Description: Renovation of 2,931 s.f. in the Sporting Goods area of existing Walmart – includes adjustments to shelving, counter & electrical drops.
• Owner: Mary Garduno

• Type: Occupancy
• Description: Gathering center for religious services – new tenant in existing church
• Owner: Jonathan Snyder

• Type: Occupancy
• Description: General business office.
• Owner: N/A

• Type: Solar
• Description: Install 4.48 kW solar panel system on existing home – no structural changes.
• Owner: Estelle Horton

• Type: Occupancy
• Description: Restaurant serving alcohol.
• Owner: Eric Carnegie

• Type: Solar
• Description: Install 4.64 kW solar panel system on existing home – no structural changes.
• Owner: Joseph Wicker

• Type: Solar
• Description: Install 6.0 kW solar panel system on existing home – no structural changes.
• Owner: Lessie Freeman

• Type: Commercial: Remodel
• Description: Interior Renovation of 1341 s.f. beauty salon.
• Owner: Nona Robillard

• Type: Solar
• Description: Install 4.64 kW solar panel system on existing home – no structural changes.
• Owner: Levi Dunham

• Type: Occupancy
• Description: Existing duplex.
• Owner: Chris Bush

• Type: Occupancy
• Description: Apartments Townhomes
• Owner: Denita Glover

• Type: Electrical
• Description: One to one replacement of interior store lighting going from HID to LED. No changes to existing wiring or panels.
• Owner: N/A

• Type: Occupancy
• Description: General business office.
• Owner: N/A

• Type: Electrical
• Description: Repairs being made to main support poles (structure fell down) for weather head and meter pan assembly, no changes to electrical are being made, putting back up as it was before
• Owner: Norman Augusta

• Type: Occupancy: Clean
• Description: Clean and show.
• Owner: Doris White

• Type: Occupancy: Clean
• Description: Clean and show.
• Owner: Doris White

• Type: Occupancy
• Description: Bar and Lounge.
• Owner: Frank Williams

• Type: Electrical
• Description: A tree limb fell on service drop and broke a hot and the neutral wire at weatherhead. I replaced the two wires from the weatherhead to the meter pan.
• Owner: Henery Harrison

• Type: Occupancy
• Description: New tenant in existing office space – tax preparation & bookkeeping service.
• Owner: Lexus Robinson

• Type: Commercial: Remodel
• Description: Renovations to 2,700 s.f. portion of second floor of existing bldg. for Business office use with Assembly area.
• Owner: JANET POPE

• Type: Occupancy
• Description: New tenant in existing office space.
• Owner: Tyler Vallot

• Type: Mechanical
• Description: REPLACE 5 TON SC CONDENSER
• Owner: EMAD HAMIDEH

• Type: Occupancy
• Description: House meter/electrical only.
• Owner: Chris Daigle

• Type: Commercial: Remodel
• Description: Interior renovation of an approximately 4,000 square foot office space on the 3rd floor. Scope includes demolition of existing walls, doors, flooring, ceiling, etc. and construction of new walls and installation of new doors, flooring, ceiling, etc. throughout the space. Finishes includes painted gypsum board, acoustical ceiling tile, resilient tile flooring with resilient base, and new millwork. Scope also includes structural, mechanical and electrical demolition and modifications as indicated.
• Owner: Jay Britsch

• Type: Occupancy
• Description: rental property
• Owner: carey ford

• Type: Commercial: Complete Interior
• Description: New construction of a 5,166 s.f. bldg. to have two suites: convenience store of 4,200 s.f., and lease space of 966 s.f., for Mercantile sales, and parking to serve. (Future Gasoline sales canopy structure not included in this construction package.) THIS permit is for the unresolved Vanilla-Box-Complete Interior, Ste 200 lease space of 966 s.f. for unidentified tenant and presumed Mercantile use. SEE 98616 for UPLOADED DRAWINGS and associated documents.
• Owner: Tom Jones

• Type: Commercial: Complete Interior
• Description: New construction of a 5,166 s.f. bldg. to have two suites: convenience store of 4,200 s.f., and lease space of 966 s.f., for Mercantile sales, and parking to serve. (Future Gasoline sales canopy structure not included in this construction package.) THIS permit is for the Complete Interior, Ste 100 of 4,200 s.f. for Circle K retail sales/convenience store. SEE 98616 for UPLOADED DRAWINGS and associated documents.
• Owner: Tom Jones

• Type: Occupancy
• Description: Rental home
• Owner: Wendell Williams

• Type: Occupancy
• Description: New tenant in existing office space.
• Owner: N/A

• Type: Commercial: Remodel
• Description: Expanded into another suite for lobby extension of the restaurant, and storage 1300 square feet
• Owner: JOSE MORALES

• Type: Occupancy
• Description: existing fourplex
• Owner: Amie Rabel

• Type: Occupancy
• Description: existing fourplex
• Owner: Amie Rabel

• Type: Occupancy
• Description: New owner of large engineering office building.
• Owner: N/A

• Type: Occupancy
• Description: New owner of existing apartments/Office
• Owner: Shawnah Ritter

• Type: Occupancy
• Description: House meter/electrical only.
• Owner: Sarah Still

• Type: Occupancy
• Description: Apartment Complex
• Owner: Kelsey Jeansonne

• Type: Occupancy
• Description: New owner of office space. Gas and electric.
• Owner: Sarah Still

• Type: Occupancy
• Description: New owner of office space. Gas and electric.
• Owner: Sarah Still

• Type: Fence
• Description: I am not requesting a permit for a fence, there was no option to choose for a gate. I am requesting a permit for a 5 foot gate, survey attached.
• Owner: Dawn Diez

• Type: Mechanical
• Description: REPLACE 75K BTU 80% NATURAL GAS FURNACE
• Owner: KELBERT MCFARLAND

• Type: Occupancy
• Description: Apartment Complex
• Owner: Kelsey Jeansonne

• Type: Occupancy
• Description: Apartment Complex
• Owner: Kelsey Jeansonne

• Type: Commercial: New
• Description: New construction of 2.003 s.f. Garden Mausoleum, poured-in-place concrete with polished granite veneer, and no interior space for living persons; Storage use, S-1.
• Owner: Scott Woodley

• Type: Occupancy: Clean
• Description: Clean and show for office space.
• Owner: James Sumrow

• Type: Electrical
• Description: Replace service entrance pipe
• Owner: Ryan Barber

• Type: Occupancy
• Description: New tenant in existing office space doing small fitness classes.
• Owner: Asia Guess

• Type: Occupancy
• Description: Apartment Complex
• Owner: Kelsey Jeansonne

• Type: Demolition
• Description: Demolition of a one story snowball stand
• Owner: Sally V. Barton

• Type: Electrical
• Description: Correct Wiring
• Owner: Robert Rembert

• Type: Electrical
• Description: REBUILD SERVICE AND PANEL CHANGE OUT. DISCONNECT – RECONNECT. WILL CALL WHEN READY
• Owner: MARTHA TOUSSANT

• Type: Electrical
• Description: rebuild service due to tree damage
• Owner: Betty Wilson

• Type: Electrical
• Description: change out old wiring replace riser
• Owner: Sharon Williams

• Type: Occupancy
• Description: demco needs permit to turn on electricity for Hud Purchase inspection
• Owner: Kiara Leblanc

• Type: Commercial: Remodel
• Description: Renovation to existing school to add storefront and doors creating a secure entrance for authorized access. 520 s.f. No Electrical, Mechanical or Plumbing work.
• Owner: Larry Munson

• Type: Occupancy
• Description: New tenant in existing office warehouse.
• Owner: N/A

• Type: Occupancy
• Description: Housing Apartments
• Owner: Monica Dunn

• Type: Solar
• Description: Installing 23 solar panels on an existing roof
• Owner: Chad Robinson

• Type: Occupancy
• Description: JP Morgan Chase Bank.
• Owner: N/A