The Pulse NOLA: Local investor purchases 16mm industrial portfolio

08 Jan The Pulse NOLA: Local investor purchases 16mm industrial portfolio

Posted at 09:25h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

4839 Orleans Way, Marrero, LA 70072

Type: Industrial
Price: $16,000,000
Buyer: TENTH WHEEL LLC
Elifin’s Notes: Mandeville-based investor purchases a large area of industrial land, with multiple industrial improvements and buildings, along Bayou Barataria in Crown Point

1025 S Norman C Francis Pkwy, New Orleans, LA 70125

Type: Specialty
Price: $4,500,000 ($102.27 / SF)
Buyer: XAVIER UNIVERSITY OF LOUISIANA
Elifin’s Notes: Xavier University purchases Fox 8’s old studio property on South Norman C Francis Parkway in Gert Town

1424 4th St, Westwego, LA 70094

Type: Industrial
Price: $1,200,000 ($48.00 / SF)
Buyer: Westwego Property Holdings, LLC
Elifin’s Notes: New York-based private equity investment firm purchases two adjacent industrial properties in Westwego

1490 4th St, Westwego, LA 70094

Type: Industrial
Price: $1,080,000 ($54.00 / SF)
Buyer: Westwego Property Holdings, LLC
Elifin’s Notes: New York-based private equity investment firm purchases two adjacent industrial properties in Westwego

1000 Clouet St, New Orleans, LA 70117

Type: Mixed-Use
Price: $830,000 ($323.84 / SF)
Buyer: RASKIND REBECCA; RASKIND JARED
Elifin’s Notes: A pair of California-based investors purchase a mixed-use property with retail space and a studio apartment on the first floor and a residential space on the second floor

2561 Madrid St, New Orleans, LA 70122

Type: Multifamily
Price: $431,000 ($61,571 / Unit)
Buyer: TNK INVESTMENTS LLC
Elifin’s Notes: An apartment building on Madrid Street in the Milneburg area, was the subject of two transactions this past week.

2561 Madrid St, New Orleans, LA 70122

Type: Multifamily
Price: $400,000 ($57,143 / Unit)
Buyer: LEM INVESTMENTS LLC
Elifin’s Notes: An apartment building on Madrid Street in the Milneburg area, was the subject of two transactions this past week.

Lots 38, 39, 40 23rd St, Kenner, LA 70062

Type: Land
Price: $129,000 ($17.91 / Land SF)
Buyer: LGO INVESTMENTS LLC
Elifin’s Notes: An investor purchases 0.1+ acres of vacant commercial land within the Crestview Office & Industrial Park in Kenner

1525 Lapalco Blvd, Unit 15, Harvey, LA 70058

Type: Retail
Price: $125,000 ($62.50 / SF)
Buyer: SNK HOLDINGS LLC
Elifin’s Notes: A commercial condominium changes hands within the Timberstone Shopping Center in Harvey

234 W Harrison Ave, New Orleans, LA 70124

Type: Retail
Price: Withheld
Buyer: TAMS OF KENNER INC
Elifin’s Notes: A retail property changes hands on Harrison Avenue in the West End area

1615 Poydras St, New Orleans, LA 70112

Type: Office
Price: Withheld
Buyer: 1615 POYDRAS TOWER LLC; LUV N CARE LTD; TRI H PARTNERS L L C; BRANDY HOUSE L L C
Elifin’s Notes: The Monroe-based team, behind the brand Luv N’ Care, purchases the 23-floor office building at 1615 Poydras across the street from the Superdome

2236 Saint Charles Ave; 1549, 1553-1555 Philip St, New Orleans, LA 70130

Type: Multifamily
Price: Withheld
Buyer: 1832 UNIVERSITY CIRCLE LLC
Elifin’s Notes: A 5-unit multifamily property changes hands in the Lower Garden District along Saint Charles Avenue near Jackson Avenue

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
1010 Common St	Renovation (Structural) $76,332,232	RENOVATION OF EXISTING HISTORIC BUILDING INTO MIXED USE BUILDING CONTAINING LUXURY HOTEL, EXTENDED STAY HOTEL, LEASED OFFICES, COMMERCIAL TENANT SPACES, AND PARKING GARAGE. ADDITION OF TWO ROOFTOP POOL DECKS (3rd & 31st floors). Pools to be permitted separately. Kitchens to be white-boxed and permitted separately. SWMP by fee in lieu	[O] 1010 Common LLC, Marx A Archibald [A] Dale Wood [C] Plaza Construction Louisiana LLC, Charles Ward
7224 Dominican St	Renovation (Structural) $6,093,940	SUBSTANTIAL RENOVATION OF EXISTING 3-STORY UNIVERSITY BUILDING TO SERVE NEW CAMPUS USES. NEW USES WILL INCLUDE LOYOLA UNIVERSITY FACILITIES DEPARTMENT (REPAIR SHOPS, LOCKSMITH AND SUPPLIES). UPPERMOST FLOOR WILL BE OFFICES FOR LOYOLA COUNSELING. ALL WORK TO BE DONE AS PER PLANS.	[O] Loyola University [A] Edr Architects [C] Woodward Design & Build, LLC
740 Royal St	Renovation (Non-Structural) $2,116,800	INTERIOR RENOVATION ONLY OF AN EXISTING 3 STORY STRUCTURE AS A RESULT FROM HURRICANE IDA DAMAGE. INTERIOR RENOVATION INCLUDES RENOVATION OF EXISTING USE RESIDENTIAL AND MERCANTILE SPACES. THIS PROJECT IS USING HISTORICAL TAX CREDITS FOR ITS RENOVATION. EXISTING HVAC WINDOW UNITS TO BE USED FOR HVAC. A SEPERATE PERMIT WILL BE APPLIED FOR RELATING TO ANY AND ALL EXTERIOR WORK.	[O] St Ann/Royal LLC [A] Myles Martin [C] Tuna Construction LLC
100 Iberville St	Accessory Structure $1,902,045	Lifting and setting of new 450KW natural gas generator and removal of existing generator. There will be alteration to the existing steel platform structure the generator is currently supported on. All work is taking place on the roof of the Westin Hotel	[O] Wno Hotel Owner LLC [A] Douglas Anthony Guthans [C] AHG Services, LLC
1415 Tulane Ave	Mechanical HVAC $617,750	Renovation of 4th floor for lab space. Adding new VRF system and (1) AHU.	[O] Administrators of The Tulane Educ Fund [A] August R Gallo, Jr. [C] August R Gallo, Jr.
1415 Tulane Ave, Floor 4	Electrical Repair / Replacement / Addition $539,545	Renovation the fourth floor interior area of work is 7,889 SF	[O] Administrators of The Tulane Educ Fund [A] Trosclair Todd [C] Trosclair Todd
3420 Palmyra St -Apt 2B	Renovation (Structural) $331,980		[O] James M Morton [A] Daigle Erin [C] Home Team Elevation & Construction LLC
150 Broadway St	Interior Demolition $280,000	Interior Demolition for Lambeth House Renovation Project Reference# 5LK4TS currently under review with the city for building permit. Interior Demolition totaling 42,335SF includes (2nd Floor work: 16,960 SF, 4th Floor work: 25,375 SF) Please Refer to attached demolition drawings, site logistics plan and Contractor quote. No Use and Occupancy under this permit.	[O] Lambeth House Inc Muffin Balart [A] Constance Finnan [C] Woodward Design + Build
1244 Magazine St	Construction Loop $263,500	Installation of a temporary pole for construction of power, just added to the job Permit # 23-31384-ERPR	[O] Suma Maddox LLC [A] J J Boudreaux J J Kirk J [C] J J Boudreaux J J Kirk J
636 Carondelet St	Renovation (Non-Structural) $197,282	Interior and exterior renovations of existing building for new owner. To consist of updating bathroom, and kitchen. Create 3 new bathrooms. Update wiring for new offices. Exterior paint and clean-up. Air conditioning to remain as is.	[O] Castle H 636 LLC [A] Dagoglou Prodromos [C] Certified Construction Professionals LLC
400 N Carrollton Ave	Renovation (Structural) $187,517	Remove existing rooftop refrigeration equipment and replace with new rooftop refrigeration equipment, modify structural steel roofdeck to accommodate new refrigeration equipment layout including electrical and controls.	[O] Rouse Land – New Orleans LLC Rouses Market #29 [A] Strausser Paul [C] Betco Cont Inc
833 Poydras St	Mechanical HVAC $97,800	Provide and Install 1- 2220 CFM Hydronic Fan Coil with associated duct and piping in renovated bar area on first floor. Replace 2 exhaust fans in second floor meeting room. Replace 3 exhaust fans and add 6 branch lines to existing units in basement.	[O] Le Pavillon Lp Ashford [A] Beau James Burton [C] Donahue Favret Construction, Inc
747 St Charles Ave	Swimming Pool $85,000	Install swimming pool as per plans. Cabana not approved under this permit.	[O] 747 St Charles Ave Investments LLC [A] T Nguyen Lam [C] Lonnie Young
2825 Broadway St	Renovation (Non-Structural) $75,000	Interior patch and paint. Kitchen remodel (new cabinets and countertops). Refinish floors. Paint exterior. New plumbing and electrical fixtures.Redo was tile in bathroom.	[O] Debra M Lewis [A] Smith Peter [C] Peter D Smith
1 Palm Dr	Renovation (Non-Structural) $60,000	SUPER BOWL PROJECT – ATC 412648 – Verizon upgrade to existing cell site. THE PROPOSED PROJECT INCLUDES MODIFYING GROUND BASED AND TOWER MOUNTED EQUIPMENT AS INDICATED PER BELOW: TOWER WORK: -REMOVE (1) DISH, (1) ODU, (1) 0.41″ LMR-400 CABLE @ 90′ RAD, (1) ANTENNA, (12) RRH(s), (1) OVP, (1) 1.53″ HYBRID CABLE @ 118′ RAD, (1) ANTENNA, (4) DIPLEXER(s), (2) OVP(s), (2) 1.53″ HYBRID CABLE(s) @ 128′ RAD, (2) ANTENNA(s), (2) DIPLEXER(s), AND (4) 1-5/8″ COAXCABLE(s) @ 145′ RAD -INSTALL MOUNT MODIFICATIONS, (3) ANTENNA(s), (1) OVP, (1) 1-1/4″ HYBRID CABLE @ 118′ RAD, (3) ANTENNA(s), (1) OVP, (1) 1-1/4″ HYBRID CABLE @ 128′ RAD, (3) ANTENNA(s), (6) RRH(s), (1) OVP, AND (1) 1-1/4″ HYBRID CABLE @ 145′ RAD GROUND WORK: -EXISTING (3) OVP(s) TO REMAIN	[O] N O City Park Improvement Association, N O City Park Improvement Association [A] Crafton Communications [C] CMS Wireless LLC
6501 Berkley Dr	Renovation (Non-Structural) $54,855	Concrete slab	[O] Orleans Parish School Board [A] S&A Construction & Landscaping LLC [C] S&A Construction & Landscaping LLC
1502 Calhoun St	Renovation (Non-Structural) $47,721	Work to reception area and consultation room in front of building. Remove suspended ceiling and replace with wood framed sheetrock ceiling. This is a superficial ceiling, original/existing ceiling/roof is intact and will not be disturbed. Replace existing light fixtures with new light fixtures Install new countertops at existing reception desk. New vinyl flooring in 3 rooms. * paint 3 rooms	[O] Donald R Toso [A] Heath Neill [C] Richard Heath Neill
201 N Galvez St	Renovation (Structural) $45,000	RENOVATE EXISTING RESTARAUNT WITH ELECTRICAL AND PLUMBING UPGRADES. Zoning Inspection required prior to issuance of CO	[O] 211 Galvez LLC [A] Damian Randolph [C]
1120 N Rampart St	Renovation (Non-Structural) $38,800	Exterior Repairs to 1120 N Rampart: Tuckpointing and/or stucco on masonry walls, to match existing Repairs and/or replacement at balcony deck, to match existing Repair of balcony handrails, to match existing Repairs to metal roof over balcony, to match existing Repairs to balcony ceiling, to match existing Repairs to windows and doors and trim, to match existing Straightening of front iron gate Repair of gutters as required. to match existing Exterior painting, colors to be submitted	[O] 1120 North Rampart LLC [A] Group IV LLC [C] Group IV, LLC
7007 Magazine St -Apt 2B	Renovation (Structural) $24,300	Replace Replace five damaged wall studs. Replace 186 sq ft of drywall. Replace 186 sq ft of siding. Replace four position electrical meter socket and four breaker panels. Edgar Young 813-0256	[O] Louis J Napolitano [A] Edgar Young Jr. [C] Edgar Young Jr.
416 Bourbon St	Renovation (Structural) $16,000	repair/partial rebuild of masonry wall in rear courtyard. VCC permit issued: 21-13009-VCGEN.	[O] 416 Bourbon Street Inc [A] Loretta Harmon [C] D and H Developers Inc
468 Saint Joseph St	Interior Demolition $15,000	Interior demolition and structural stablization of the existing 3-story brick masonry / wood frame historic building. Work includes the removal of all deteriorated wall, floor, and ceiling sheathing on the interior of the building. Work also includes the stabilization framing and associated work as shown on the attached stamped/signed structural engineering drawings. (NO USE AND OCCUPANCY TO BE GIVE. RENOVATIONS TO BE DONE UNDER SEPERATE PERMIT)	[O] 468 St Joseph LLC [A] Terrell Fabacher [C]
2435 Napoleon Ave Apt 2B	Mechanical HVAC $9,680	Installation of one 3 ton HVAC system with 10kw of heat	[O] Marengo Investments LLC [A] Javier Mezquita [C]
4330 Napoleon Ave Apt 3A	Mechanical HVAC $9,680	Installation of 2 HVAC systems with 10kw of heat	[O] Marengo Investments LLC [A] Javier Mezquita [C]
1001 Canal St	Mechanical Fuel Gas $8,200	New gas line for restaurant, (2) boilers, (2) stoves, (2) fryers, ()2) grills, and (3) water heaters	[O] 1015 Canal LLC [A] Horace Bynum, Jr. [C]
709 Mandeville St	Electrical Repair / Replacement / Addition $5,300	Remove and replace wiring for renovations	[O] Amanda Barron Black [A] Patrick Mel Thomas [C] Patrick Mel Thomas
707 Mandeville St	Electrical Repair / Replacement / Addition $5,300	Remove and replace wiring as needed for renovations	[O] Amanda Barron Black [A] Patrick Mel Thomas [C] Patrick Mel Thomas
625 Pine St Unit 4	Mechanical HVAC $3,550	Replace Furnace	[O] William Lee Abriel [A] David Michael Thomas [C] David Michael Thomas
935 Gravier St	Electrical Repair / Replacement / Addition $3,000	Installing 30a circuit for new ventless hood.	[O] Exchange Centre LLC [A] Hector Lopez [C] Hector Lopez
4336 Magazine St	Mechanical Fuel Gas $2,550	INSTALLING AN ADDITIONAL GAS LINE FROM THE GAS REGULATOR TO THE FURNACE AND A STUB FOR A FUTURE CLOTHES DRYER INSTALL.	[O] Magpoleon LLC [A] Burkhardt III P John [C]
1140 Carondelet St	Renovation (Non-Structural) $2,469	This permit is only to remove CMU windows infill and replace with new impact-resistant storefront & glazing. Decorative opening trim to remain as well as the existing utility.	[O] 1140 Carondelet LLC [A] Villeda Jose [C] JLV Construction, LLC
923 Decatur St	Mechanical Fuel Gas $2,300	gas has been off since Hurricane Ida. 6 month gas test to have gas meter reconnected. Needs City inspection and approval.	[O] Salvadore T Tusa [A] Earl T Luminais [C]
3800 Howard Ave	Construction Loop $1,450	TEMPORARY POLE FOR JOB TRAILER	[O] Yang QI Holdings LLC [A] Jonathan S. Frischhertz [C] Jonathan S. Frischhertz
712 Adams St	Mechanical Fuel Gas $1,000	30′ of gas line with one outlet. 1 50 gallon water heater installed in attic	[O] Green Feather Properties LLC [A] Angelo Pansano [C]
410 Bourbon St	Electrical Repair / Replacement / Addition $875	Bar / Apartment	[O] 410 Bourbon Street LLC [A] Michael Andrew Adams [C] Michael Andrew Adams
2033 Saint Anthony St Apt 4	Electrical Vacancy $800	Vacancy	[O] Cornell Pendleton [A] Perry Joseph Becnel [C] Perry Joseph Becnel
2033 Saint Anthony St Apt 3	Electrical Vacancy $800	Vacancy	[O] Cornell Pendleton [A] Perry Joseph Becnel [C] Perry Joseph Becnel
2033 Saint Anthony St	Renovation (Non-Structural) $800	Apt #1 vacancy inspection and Apt # 2 repair stove plug fire damage – Established 4plex	[O] Cornell Pendleton [A] Perry Joseph Becnel [C]
1101 Napoleon Ave Unit B	Electrical Vacancy $637	Vacancy Permit	[O] 1101 Napoleon LLC [A] Ira A Preuett [C] Ira A Preuett
4206 Saint Charles Ave	Mechanical Fuel Gas $600	6 months gas test	[O] 4206-08 St Charles Avenue LLC [A] Angelo Pansano [C]
8730 Belfast St	Construction Loop $510	Replace the construction loop because a truck pull the line down	[O] Blue Crescent Enterprise LLC [A] Rodney Perry Baptiste [C] Rodney Perry Baptiste
2245 N Galvez St	Electrical Vacancy $510	Electrical Vacancy	[O] James H III Henry [A] Rodney Perry Baptiste [C] Rodney Perry Baptiste
1836 Saint Bernard Ave Ste 1A	Electrical Vacancy N/A	Electrical vacancy	[O] Frederick Tombar [A] Joe L. Bridges Jr. [C] Joe L. Bridges Jr.
1836 Saint Bernard Ave, 1836 Saint Bernard Ave Ste 1A, 1836 Saint Bernard Ave Ste 2A, 1720 N Prieur St	Change of Address N/A	23-34615-EVAC Business Use, 3 Suites 1 facing N Prieur St. CHANGE 1836 St Bernard Ave Ste A to 1720 N Prieur St (AM14437779, A455297) CHANGE 1836 St Bernard Ave Ste B to 1836 St Bernard Ave Ste 1A (AM10252447, A337687) CHANGE 1836 St Bernard Ave Ste C to 1836 St Bernard Ave Ste 2A (AM10252448) CHANGE 1836 St Bernard Ave Ste D to 1836 St Bernard Ave HM (AM10453742)	[O] Frederick Tombar [A] Frederick Tombar [C]
1315 Saint Ferdinand St	Float N/A	Krewe of Thot mardi gras floats. Den 2 of 2.	[O] Mardi Gras Preservation Society LLC [A] Shannon Louis Dice [C]
1659 Saint Thomas St	Float N/A	Krewe of Thoth mardi gras floats. Den 1 of 2.	[O] Mardi Gras Preservation Society LLC [A] Shannon Louis Dice [C]
2825 S Roman St	Float N/A	Krewe of Druids mardi gras floats. 1 Den location of 2.	[O] Carnival & Social Club Thoth [A] Shannon Louis Dice [C]
1421 Patterson St	Float N/A	Krewe of Druids mardi gras floats. Den 2 of 2.	[O] 4531 Properties LLC [A] Shannon Louis Dice [C]
2700 La Salle St	Electrical Vacancy N/A	Electrical Vacancy	[O] 2700 Lasalle St LLC [A] Christopher Kevin Evans [C] Christopher Kevin Evans
385 English Turn Dr, 98 Eagle Point Ln	Change of Address N/A	Resubdivisiion of Lot ET 5-2A English Turn. Fifth Municipal Disttrict and bounded by Eagle Point Lane, the Donner Levee and Canal right-of-way, Woodland Highway, and English Turn Parkway ,into Lots ET-5-2A-1 and ET 5-2A-2. ADD 385 English Turn Drive for LOT ET-5-2A-1 ADD 98 Eagle Point Lane for LOT ET-5-2A-2	[O] See Developers LLC [A] See Developers LLC [C]
1101 Napoleon Ave Unit B	Renovation (Non-Structural) N/A	6 month vacancy	[O] 1101 Napoleon LLC [A] Ruhl Russel [C] Ira A Preuett
360 N Peters St	Small Cell Installation N/A	FQDT 189-SUPER BOWL SITE- Verizon is proposing to collocate on an existing Vertical Bridge small cell pole. The pole already has small cell antennas on it, Verizon will be adding 3 panel antennas. The height of the pole will not increase.	[O] [A] Verizon Wireless (Susan Bourgeois) (Susan Bourgeois) [C]
12500 Dwyer Rd	Change of Address N/A	Create municipal address for 96866 Paris Rod ADD 12500 Dwyer Road	[O] Royal Ground LLC [A] Royal Ground LLC [C]
4101 Industrial Pkwy	Change of Address N/A	Create municipal address for 58207 Industrial Parkway ADD 4101 Industrial Parkway	[O] Royal Ground LLC [A] Royal Ground LLC [C]
1031 Annunciation St	Demolition N/A	Demolition Permit	[O] BCH Nola 1031 LLC [A] BCH Nola 1031 LLC [C] Kent Design Build, Inc
316 Magazine St	Change of Address N/A	22-34332-RNVS Business Use CHANGE 316 Board of Trade Pl to 316 Magazine St (AM12864324, U518499)	[O] New Orleans Board of Trade 316 II LLC [A] New Orleans Board of Trade 316 II LLC [C]
420 Allen Toussaint Blvd	Change of Address N/A	Owner Initiated CHANGE 420 Robert E Lee Blvd to 420 Allen Toussaint Blvd (AM10126883)	[O] Mt Carmel Academy of New Orleans Inc [A] Mt Carmel Academy of New Orleans Inc [C]
5901 Read Blvd	Hoods N/A	Hood Installation	[O] Read Hsi Investments LLC [A] Ammar Diri [C] Ammar Diri
3500 Saint Charles Ave	Moving Equipment N/A	Install 1 elevator	[O] Dynasty Properties LLC [A] Schindler Elevator Corporation [C] Schindler Elevator Corporation

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

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08 Jan The Pulse NOLA: Local investor purchases 16mm industrial portfolio

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

Commercial Sales Recorded Last Week

4839 Orleans Way, Marrero, LA 70072

1025 S Norman C Francis Pkwy, New Orleans, LA 70125

1424 4th St, Westwego, LA 70094

1490 4th St, Westwego, LA 70094

1000 Clouet St, New Orleans, LA 70117

2561 Madrid St, New Orleans, LA 70122

2561 Madrid St, New Orleans, LA 70122

Lots 38, 39, 40 23rd St, Kenner, LA 70062

1525 Lapalco Blvd, Unit 15, Harvey, LA 70058

234 W Harrison Ave, New Orleans, LA 70124

1615 Poydras St, New Orleans, LA 70112

2236 Saint Charles Ave; 1549, 1553-1555 Philip St, New Orleans, LA 70130

Commercial Permits Issued Last Week

Elifin Realty

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