The Pulse NOLA: Esplanade Mall in Kenner sells for 10mm

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

Commercial Sales Recorded Last Week

1401 W Esplanade Ave
1401 W Esplanade Ave

Type: Retail
Price: $10,000,000 ($14 / SF)
Buyer: PACIFICA KENNER LLC
Elifin’s Notes: Illinois-based developer purchases the Esplanade Mall property in Kenner

3216 W Esplanade Ave
3216 W Esplanade Ave

Type: Retail
Price: $2,350,000 ($143 / SF)
Buyer: LUCKY SEVEN LLC
Elifin’s Notes: The 16,380 sq ft, 16-unit, Petite Esplanade Shopping Center was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase

2500, 2540, 2544 Lapalco Blvd
2500, 2540, 2544 Lapalco Blvd

Type: Retail
Price: $2,000,000
Buyer: LAPALCO SQUARE INVESTMENTS LLC
Elifin’s Notes: Investor Imad Hamdan purchases a unique three parcel property with an auto repair shop and retail strip center with 7 units in the Destrehan Division subdivision

1650 Manhattan Blvd
1650 Manhattan Blvd

Type: Retail
Price: $1,100,000 ($172 / SF)
Buyer: LUCKY SEVEN LLC
Elifin’s Notes: This 6,400 sq ft three-unit retail center was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase

2409 Manhattan Blvd
2409 Manhattan Blvd

Type: Retail
Price: $1,000,000 ($160 / SF)
Buyer: 2409 MANHATTAN INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments LLC acquires a 6,260 retail auto repair location currently a National Tire and Battery location in the Harvey area

2244 Barataria Blvd
2244 Barataria Blvd

Type: Retail
Price: $1,000,000 ($127 / SF)
Buyer: 2244 BARATARIA INVESTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments acquire one of two National Tire and Battery locations this week, this one being 7,890 sq ft in space in Marrero

1645 Veterans Blvd
1645 Veterans Blvd

Type: Retail
Price: $625,000 ($180 / SF)
Buyer: LUCKY SEVEN LLC
Elifin’s Notes: This two building retail restaurant and bar property consists of 3,480 sq ft in space and is part of an Anthony Marullo and Bradley Jongbloed investment team purchase

600 Veterans Blvd
600 Veterans Blvd

Type: Retail
Price: $560,000 ($192 / SF)
Buyer: LUCKY SEVEN LLC
Elifin’s Notes: This 2,920 sq ft restaurant retail space was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase

3701 (3601) Desire Pkwy
3701 (3601) Desire Pkwy

Type: Land
Price: $460,000 ($3.38 / Land SF)
Buyer: BLUE STEPS LLC
Elifin’s Notes: Local group purchases a 3.12 acre piece of land in the Desire area

1840 Industrial Blvd
1840 Industrial Blvd

Type: Industrial
Price: $460,000 ($44 / SF)
Buyer: G&F LIRIANO 2 LLC
Elifin’s Notes: Marrero based investors purchase a 10,491 sq ft industrial space in the Lapalco Industrial Park area in Harvey

1900 Airline Dr
1900 Airline Dr

Type: Retail
Price: $250,000 ($352 / SF)
Buyer: YFM HOLDINGS LLC
Elifin’s Notes: Local investor purchases a used-car lot in the Kenner Heights area

3320 Houma Blvd
3320 Houma Blvd

Type: Retail
Price: $245,000 ($23 / SF)
Buyer: LUCKY SEVEN LLC
Elifin’s Notes: This 10,800 sq ft strip center with four retail units was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase

7138, 7146 Crowder Blvd
7138, 7146 Crowder Blvd

Type: Multifamily
Price: Withheld
Buyer: IRP CROWDER LLC
Elifin’s Notes: Local investors purchase a 30-unit two-story apartment complex with two buildings in the Little Woods area

1518 Terpsichore St
1518 Terpsichore St

Type: Multifamily
Price: Withheld
Buyer: HMP PROPERTIES LLC
Elifin’s Notes: Local investors purchase a 15-unit, 5 adjacent building multifamily portfolio in the Lower Garden District with an adjoining parking lot


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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