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DevelopmentLouisianaNews

Feil Organization to Open 13,368-Square-Foot Trader Joe’s Store in New Orleans

by Abby Cox

New Orleans — The Feil Organization will open a new Trader Joe’s at 2501 Tulane Avenue in New Orleans, marking the grocer’s first introduction to the city. Located across from the New Orleans VA Medical Center, the site will house a 13,368-square-foot store, 100 parking spaces and pedestrian-friendly access points. In addition to Trader Joe’s, the development will include a 3,000-square-foot dental clinic, according to The Bayou Insider. Feil originally acquired the site in 2016 and signed a retail lease with Trader Joe’s in 2023. The new store is expected to …

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Lafayette Marketplace
Grocery-anchoredInvestment salesLouisianaNews

Marcus & Millichap Brokers $5.8 Million Sale of 87,122-Square-Foot Retail Center in Lafayette, Louisiana

by Abby Cox

Lafayette, La. — Marcus & Millichap has brokered the $5.8 million sale of Lafayette Marketplace, an 87,122-square-foot retail center located in Lafayette. Super 1 Foods anchors the property, which occupies roughly 60 percent of the center. Additional tenants include Dollar Tree, Family Dollar, Metro by T-Mobile and Ace Cash Express. Built in 1995 and renovated in 2024, Lafayette Marketplace spans 10 acres and is situated near the West Village master-planned development that is currently underway. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller in the transaction. …

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Bert Kouns Retail Plaza
Investment salesLouisianaNews

STRIVE Brokers Sale of 14,000-Square-Foot Retail Property in Shreveport, Louisiana

by Abby Cox

Shreveport, La. — STRIVE has brokered the sale of Bert Kouns Retail Plaza, a 14,000-square-foot retail property located in Shreveport, roughly 17 miles east of the Texas border. Originally built in 2002, the center was fully leased to a nail salon, Johnny’s Catfish, Unique LaChique’s Event Center, Tower Loan, Jackie’s Outlet and M&M Builders at the time of sale. Andrew Williams and Will Schubert of STRIVE represented the seller and sourced the buyer, both locally based in Louisiana. Additional terms of the sale were not disclosed.

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Investment salesLouisianaNews

Time Equities Purchases Shopping Center in Louisiana for $3.4 Million

by Hayden Spiess

Crowley, La. — Time Equities Inc. (TEI) has purchased Crowley Plaza, a shopping center located in Crowley, for $3.4 million. This marks TEI’s first acquisition in the state. Built in 1999, the property totals 27,228 square feet across two multi-tenant buildings. Tenants at the center, which was 78 percent leased at the time of sale, include Game Stop, Sally Beauty Supply, AT&T, Express Urgent Care and USAgencies Insurance. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented TEI in the transaction on an interal basis. Hudson Lambert of STRIVE represented …

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FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

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DevelopmentEntertainmentLouisianaNews

Cordish Cos. Tops Off $270 Million Live! Casino & Hotel in Bossier City, Louisiana

by Hayden Spiess

Bossier City, La. — The Cordish Cos. has topped off construction of its Live! Casino & Hotel Louisiana, a $270 million hospitality and gaming entertainment complex located in Bossier City. The retail entertainment owner and operator broke ground on the project in December 2023, and general contractor AnderCorp finished vertical construction at the property yesterday.  Scheduled to open in first-quarter 2025, the development will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness …

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LeasingLouisianaNews

Three New Tenants Sign Leases at River Marketplace in Lafayette, Louisiana

by Hayden Spiess

Lafayette, La. — Three new tenants have signed leases at River Marketplace, a 168,000-square-foot retail center located in Lafayette. J.Crew Factory, Sephora and lululemon are scheduled to open at the property in early 2025, occupying a 16,700-square-foot building that formerly housed Books-A-Million, which closed earlier this year. A final 3,450-square-foot space within the building remains available for lease. GBT Realty Corp. acquired River Marketplace in October 2021. 

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Grocery-anchoredInvestment salesLouisianaNews

Marcus & Millichap Brokers $10.5 Million Sale of Retail Center in Monroe, Louisiana

by SCB Staff

Monroe, La. — Marcus & Millichap has brokered the $10.5 million sale of The Plaza One Shopping Center, a retail center located in Monroe. Super 1 Foods anchors the property, which totals 96,765 square feet. The center was fully leased at the time of sale. Zach Taylor and Philip Levy of Marcus & Millichap represented the seller, a Texas-based private investor, in the transaction. Steve Greer assisted in closing the sale as the Louisiana broker of record.

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LeasingLouisianaNews

Three Abercrombie & Fitch Co. Concepts to Open at Lakeside Shopping Center in Metro New Orleans

by Hayden Spiess

Metairie, La.— Three new tenants, all divisions of Abercrombie & Fitch Co., will open at Lakeside Shopping Center, a 1.2 million-square-foot retail center located in Metairie, roughly eight miles outside downtown New Orleans. Abercrombie & Fitch, abercrombie kids and Hollister Co. are scheduled to open at the property this summer. The stores will feature updated prototype formats for the respective brands. Abercrombie & Fitch Co. operates more than 750 stores under these banners throughout North America, Europe, Asia and the Middle East. 

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DevelopmentEntertainmentLouisianaNews

Cordish Breaks Ground on $270 Million Live! Casino & Hotel Louisiana in Bossier City

by Hayden Spiess

Bossier City, La. — An affiliate of Cordish Cos. doing business as LRGC Gaming Investors LLC has broken ground on Live! Casino & Hotel Louisiana, a $270 million development in Bossier City. Scheduled to open in 2025, the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; and 30,000 square feet of dining and entertainment venues, including Cordish brands …

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