The Pulse NOLA: 96-Unit TownePlace Suites by Marriott sells

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

4534 Belle Dr
4534 Belle Dr

Type: Land
Price: $200,000 ($31.59 / Land SF)
Buyer: GOVERNMENT ENTERPRISES LLC
Elifin’s Notes: Local investor purchases 0.15 acres of land with a C-1 zoning classification according to the Jefferson Parish Zoning Map in the Pontchartrain Shores area of Metairie.

1519, 1523 Touro St; 2014 N Claiborne Ave
1519, 1523 Touro St; 2014 N Claiborne Ave

Type: Specialty
Price: $130,400 ($35 / SF)
Buyer: SALEM DEVELOPMENT LLC
Elifin’s Notes: Local investor purchases a 3,694 sq ft religious facility on three parcels of land in the Seventh Ward area.

2520 Metairie Lawn Dr
2520 Metairie Lawn Dr

Type: Office
Price: Withheld
Buyer: DRAKE HOLDINGS LLC
Elifin’s Notes: Harvey-based investors purchase a 11,245 sq ft office and warehouse space, in the Metairie Lawn area.

1800 Central Blvd
1800 Central Blvd

Type: Hospitality
Price: Withheld
Buyer: DHG MSYHV LLC
Elifin’s Notes: Mississippi-based investor purchases the 96-unit, TownePlace Suites by Marriott in the South New Orleans area of Harvey.


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 $300,000. 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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