25 Nov The Pulse NOLA: Public Defenders Office purchases building

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

Commercial Sales Recorded Last Week

4770 S I-10 Service Rd W, Metairie, LA 70001

Type: Office
Price: $2,650,000 ($111.04 / SF)
Buyer: CLEARVIEW GROUP PROPERTIES LLC
Elifin’s Notes: Clearview Group Properties purchases an multi-tenant office property, adjacent to the Lakeside Hospital.

1200 S Carrollton Ave, New Orleans, LA 70118

Type: Retail
Price: $1,800,000 ($163.64 / SF)
Buyer: WHITNEY ON CARROLLTON LLC
Elifin’s Notes: Whitney On Carrollton LLC acquires a commercial property at the corner of South Carrollton Avenue and Oak Street.

5860 Citrus Blvd, Harahan, LA 70123

Type: Retail
Price: $1,180,000 ($241.80 / SF)
Buyer: BAYOU CITRUS PROPERTIES LLC
Elifin’s Notes: Bayou Citrus Properties has acquired a retail property on Citrus Boulevard.

848 2nd St, Gretna, LA 70053

Type: Office
Price: $1,100,000 ($193.39 / SF)
Buyer: TWENTY FOURTH JUDICIAL DISTRICT PUBLIC DEFENDERS OFFICE
Elifin’s Notes: An office property in Downtown Gretna, featuring a covered parking facility, sells to the Twenty-Fourth Judicial District Public Defender’s Office.

1410, 1412 N Broad St, New Orleans, LA 70119

Type: Retail
Price: $1,000,000 ($251.95 / SF)
Buyer: 1400BROAD LLC
Elifin’s Notes: A grocery property changes hands along North Broad Street.

1220 Veterans Memorial Blvd, Kenner, LA 70062

Type: Retail
Price: $968,500 ($97.83 / SF)
Buyer: SRI RENTAL LLC
Elifin’s Notes: Sri Rental LLC acquires a retail property along Veterans Memorial Boulevard.

619 Barataria Blvd, Marrero, LA 70072

Type: Retail
Price: $235,000 ($55.95 / SF)
Buyer: PEREZ ERLIN O
Elifin’s Notes: A retail property sells on Barataria Boulevard in Marrero.

419, 423 Gravier St (Unit 1), New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: HEMB CLAUDIO
Elifin’s Notes: A commercial condominium unit on Gravier Street changes ownership.

2300 Lapalco Blvd, Harvey, LA 70058

Type: Multifamily
Price: Withheld
Buyer: 2300 LAPALCO LLC
Elifin’s Notes: The Lapalco Court Apartment Complex changes hands.

Commercial Permits Issued Last Week

Due to technical issues at the City of New Orleans permitting office, we are unable to include issued permits in this week’s issue.

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.