The Pulse NOLA: Jefferson Parish School Board purchases 28 acres

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

Commercial Sales Recorded Last Week

345 St Joseph St, New Orleans, LA 70130
345 St Joseph St, New Orleans, LA 70130

Type: Hospitality
Price: $29,000,000 ($125,541 / Unit)
Buyer: NOLA 345 LLC
Elifin’s Notes: A California-based company acquires an extended-stay hotel property near the Ernest N. Morial Convention Center.

10151 Curran Blvd, New Orleans, LA 70127
10151 Curran Blvd, New Orleans, LA 70127

Type: Multifamily
Price: $9,750,000 ($45,139 / Unit)
Buyer: 10151 CURRAN LLC
Elifin’s Notes: A 216-unit multifamily property changes ownership on Curran Boulevard.

Lots G-3-A-1, G-3-E, G-3-D Westbank Expy, 70094, LA Westwego
Lots G-3-A-1, G-3-E, G-3-D Westbank Expy, 70094, LA Westwego

Type: Land
Price: $9,400,000 ($7.60 / Land SF)
Buyer: JEFFERSON PARISH SCHOOL BOARD
Elifin’s Notes: A 28+ acre parcel of land sells on Westbank Expressway in Westwego.

4242 Chef Menteur Hwy, New Orleans, LA 70126
4242 Chef Menteur Hwy, New Orleans, LA 70126

Type: Retail
Price: $5,670,000 ($191.98 / SF)
Buyer: MH&JD GENTILLY RETAIL CENTER LLC
Elifin’s Notes: A Texas-based company acquires the Gentilly Retail Center on Chef Menteur Highway.

2401 Veterans Blvd, Kenner, LA 70065
2401 Veterans Blvd, Kenner, LA 70065

Type: Retail
Price: $4,650,000 ($188.79 / SF)
Buyer: TAMS OF KENNER INC
Elifin’s Notes: A multi-unit retail strip center sells on Veterans Memorial Boulevard in Kenner.

3200 Cleary Ave, Metairie, LA 70002
3200 Cleary Ave, Metairie, LA 70002

Type: Office
Price: $3,225,000 ($154.45 / SF)
Buyer: 3200 CLEARY LLC
Elifin’s Notes: The former Blue Cliff College property changes ownership in Metairie.

5055 Veterans Memorial Blvd, Metairie, LA 70006
5055 Veterans Memorial Blvd, Metairie, LA 70006

Type: Retail
Price: $3,200,000 ($555.56 / SF)
Buyer: 5055 VETERANS BOULEVARD LLC
Elifin’s Notes: An Arkansas-based company acquires a former bank property adjacent to Starbucks on Veterans Memorial Boulevard.

700 Baronne St (Unit 1), New Orleans, LA 70113
700 Baronne St (Unit 1), New Orleans, LA 70113

Type: Retail
Price: $1,150,000 ($542.20 / SF)
Buyer: BIO PROPERTIES LLC
Elifin’s Notes: A retail condo unit, occupied by a Bank, sells on Baronne Street.

1501, 1503 St Charles Ave, New Orleans, LA 70130
1501, 1503 St Charles Ave, New Orleans, LA 70130

Type: Retail
Price: $675,000 ($100.16 / SF)
Buyer: DIAMOND PROPERTIES 504 LLC
Elifin’s Notes: A mixed-use property with street-level retail and three upstairs apartments sells at the corner of Saint Charles Avenue and Martin Luther King Jr. Boulevard.

315 Metairie Rd (Unit 102), Metairie, LA 70005
315 Metairie Rd (Unit 102), Metairie, LA 70005

Type: Office
Price: $262,500 ($201.92 / SF)
Buyer: 315 EXPRESS LLC
Elifin’s Notes: An office condo property changes ownership on Metairie Road.

Lots C, D, E Veterans Memorial Blvd, Kenner, LA 70062
Lots C, D, E Veterans Memorial Blvd, Kenner, LA 70062

Type: Land
Price: $100,000 ($4.98 / Land SF)
Buyer: MOHAMED, JAMES
Elifin’s Notes: A 0.4+ acre parcel of land sells on Veterans Memorial Boulevard.

2661 Marietta St, Kenner, LA 70062
2661 Marietta St, Kenner, LA 70062

Type: Industrial
Price: Withheld
Buyer: 2661 MARIETTA LLC
Elifin’s Notes: An industrial property changes hands on Marietta Street.


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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