The Pulse NOLA: Harvey investor purchases two hotels in the Warehouse District

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

Commercial Sales Recorded Last Week

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

Type: Industrial
Price: $800,000 ($103.36 / SF)
Buyer: ELEMENTAL STYLE&STRUCTURE LLC
Elifin’s Notes: An industrial flex warehouse space sells in Elmwood

13 24th St, Kenner, LA 70062
13 24th St, Kenner, LA 70062

Type: Industrial
Price: $565,000 ($99.12 / SF)
Buyer: 13 W 24TH LLC
Elifin’s Notes: An industrial property along with adjacent land trades in Kenner just north of the Airport

3052 Gen Collins Ave, New Orleans, LA 70114
3052 Gen Collins Ave, New Orleans, LA 70114

Type: Office
Price: $400,000 ($80.00 / SF)
Buyer: CHAAR LLC
Elifin’s Notes: An office property changes hands in Algiers

3601 Westbank Expy, Harvey, LA 70058
3601 Westbank Expy, Harvey, LA 70058

Type: Industrial
Price: $360,000 ($66.30 / SF)
Buyer: RFK INVESTMENTS LLC
Elifin’s Notes: A warehouse flex space sells in Harvey

2500 Desoto St, New Orleans, LA 70119
2500 Desoto St, New Orleans, LA 70119

Type: Industrial
Price: $350,000 ($165.17 / SF)
Buyer: 2500 DESOTO STREET LLC
Elifin’s Notes: An industrial property changes hands in the 7th Ward

836 Seven Oaks Blvd, Bridge City, LA 70094
836 Seven Oaks Blvd, Bridge City, LA 70094

Type: Retail
Price: $340,000 ($68.00 / SF)
Buyer: NINE MILE WESTWEGO INVESTMENTS LLC
Elifin’s Notes: The retail property at Oaks and Seven Oaks sells

2640 Delaware Ave, Kenner, LA 70062
2640 Delaware Ave, Kenner, LA 70062

Type: Industrial
Price: $285,000 ($97.77 / SF)
Buyer: GREENDOG LLC
Elifin’s Notes: An industrial property sells within the Highway Park area of Kenner near the Airport

3649 Magazine St, New Orleans, LA 70115
3649 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: C & T ADVENTURES LLC
Elifin’s Notes: A local investor purchases a retail property in the Touro area

4126 S Carrollton Ave, New Orleans, LA 70119
4126 S Carrollton Ave, New Orleans, LA 70119

Type: Land
Price: Withheld
Buyer: MID CITY REDEVELOPMENT LLC
Elifin’s Notes: Local investor picks up 1.2+ acres of land, with some improvements that were not valued in the sale price, in Mid-City at South Carrollton Avenue & Tulane Avenue

2600 Poydras St, New Orleans, LA 70119
2600 Poydras St, New Orleans, LA 70119

Type: Industrial
Price: Withheld
Buyer: FRISCHHERTZ ELECTRIC COMPANY INC
Elifin’s Notes: The Frischhertz Electric Company purchases an industrial property along Poydras Street next to I-10

301 St Joseph St, New Orleans, LA 70130
301 St Joseph St, New Orleans, LA 70130

Type: Hospitality
Price: Withheld
Buyer: 301 ST JOSEPH ST PRIME PROPERTY LLC
Elifin’s Notes: A Harvey-based investor, head of Guidry Investments, purchases the SpringHill Suites in the Warehouse District

300 Julia St, New Orleans, LA 70130
300 Julia St, New Orleans, LA 70130

Type: Hospitality
Price: Withheld
Buyer: 300 JULIA ST PRIME PROPERTY LLC
Elifin’s Notes: A Harvey-based investor, head of Guidry Investments, purchases the Courtyard by Marriott in the Warehouse District

2438 St Claude Ave, New Orleans, LA 70117
2438 St Claude Ave, New Orleans, LA 70117

Type: Retail
Price: Withheld
Buyer: L SQUARED INVESTMENT GROUP LLC
Elifin’s Notes: The mother and son duo behind Morrow’s purchase the building their restaurant operates in along St Claude Ave, nestled in the Faubourg Marigny neighborhood

1316 N Causeway Blvd, Metairie, LA 70001
1316 N Causeway Blvd, Metairie, LA 70001

Type: Land
Price: Withheld
Buyer: 1316 N CAUSEWAY LLC
Elifin’s Notes: Local entity purchases a 0.2+ acre parcel of vacant commercial land along North Causeway Boulevard


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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