The Pulse NOLA: Gordon McKernan-led entity purchases Jefferson Financial building

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

Commercial Sales Recorded Last Week

115 Focis St, Metairie, LA 70005
115 Focis St, Metairie, LA 70005

Type: Retail
Price: $1,500,000 ($307.57 / SF)
Buyer: 115-117 FOCIS STREET LLC
Elifin’s Notes: A multi-tenant retail property sells near Metairie Road.

301A Funston St, New Orleans, LA 70123
301A Funston St, New Orleans, LA 70123

Type: Industrial
Price: $805,252 ($104.04 / SF)
Buyer: BB FIBERS LLC
Elifin’s Notes: A local company purchases an industrial property in Elmwood.

2326 Helena St, Kenner, LA 70062
2326 Helena St, Kenner, LA 70062

Type: Industrial
Price: $539,000 ($134.75 / SF)
Buyer: Z&H HOLDINGS LLC
Elifin’s Notes: An industrial warehouse sells near the Airport in Kenner. This sale falls within the $104–$137/SF pricing band that has characterized sub-5,000 SF warehouse transactions in Kenner’s airport-adjacent industrial grid within the past several months.

2321 Richland St, Kenner, LA 70062
2321 Richland St, Kenner, LA 70062

Type: Industrial
Price: $535,000 ($66.88 / SF)
Buyer: SIV GRACE PROPERTIES LLC
Elifin’s Notes: A warehouse on Richland Street sells near the Airport in Kenner. The buyer previously acquired an industrial property at 23rd Street and Piedmont Street in mid-2025.

500 N Turnbull Dr, Metairie, LA 70001
500 N Turnbull Dr, Metairie, LA 70001

Type: Office
Price: $519,000 ($140.23 / SF)
Buyer: NEW HORIZON INVESTMENT&HOLDINGS GROUP LLC
Elifin’s Notes: An office live/work property changes hands at the corner of North Turnbull Drive and Cypress Street.

3525 Prytania St (Unit 425), New Orleans, LA 70115
3525 Prytania St (Unit 425), New Orleans, LA 70115

Type: Office
Price: $361,000 ($239.87 / SF)
Buyer: SERENA , THOMAS E
Elifin’s Notes: A medical office unit property sells within the Touro Medical Office Complex.

2317 Kingston St, Kenner, LA 70062
2317 Kingston St, Kenner, LA 70062

Type: Industrial
Price: $225,000 ($129.61 / SF)
Buyer: FUTURE PROPERTY INVESTMENTS, LLC
Elifin’s Notes: An industrial warehouse sells near the Airport in Kenner.

3900 Veterans Blvd, Metairie, LA 70002
3900 Veterans Blvd, Metairie, LA 70002

Type: Office
Price: Withheld
Buyer: GG NOLA HOLDINGS LLC
Elifin’s Notes: An entity backed by a pair of attorneys based in Baton Rouge and New Orleans, including Gordon McKernan, purchases the Jefferson Financial Credit Union office building.


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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