Louisiana

Baton Rouge, La. — Cooper Commercial Investment Group has brokered the sale of Bluebonnet Parc, a four-building mixed-use center in Baton Rouge. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group. A private buyer purchased the property for $17.2 million. Located at 5915 Bluebonnet Blvd., Bluebonnet Parc is located close to Interstate 10 and is about 9.8 miles from downtown Baton Rouge. Additionally, the property is about 7.7 miles from Louisiana State University. The 135,367-square-foot property is anchored by Best Buy, buybuy Baby and Havertys, …

Prairieville, La. — SRS Real Estate Partners has arranged the $2.6 million ground-lease sale of a McDonald’s-occupied, 4,268-square-foot retail property located at 15022 Airline Highway in Prairieville, about 22 miles south of Baton Rouge. Newly built, the property includes a drive-thru and is situated on 1.4 acres near Interstate 10. The McDonald’s is slated to open by late September. Matthew Mousavi, Patrick Luther and Sabrina Kortlandt of SRS represented the seller, a Baton Rouge-based private investor who has owned the land for more than 60 years. Jeff Li of Colliers …

Bossier City, La. — SRS’ Investment Properties Group has brokered the sale of River Crest Shopping Center, a retail property located at 4970 Barksdale Blvd. in Bossier City. The 22,140-square-foot center was 74.5 percent occupied at the time of sale by tenants including Verizon, Smoothie King and Little Caesars. Aaron Johnson and Brad Gibbs of SRS represented the seller, Sealy River Crest I LLC, in the disposition of the property to Wen Jing Real Estate Inc. The purchase price was undisclosed.

LaPlace, La. — SRS Real Estate Partners’ National Net Lease Group has brokered the $8.9 million sale of a 62,297-square-foot single-tenant retail property occupied by Winn Dixie in the New Orleans suburb of LaPlace. The property features a long-term, absolute triple-net lease that is corporate guaranteed by Winn-Dixie Stores Inc. Sean Lutz and Dan Elliot of SRS represented the seller, a private investor from Baton Rouge, Louisiana, in the transaction. The buyer was a family office also based in Baton Rouge.

Alexandria, La. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant retail property net-leased to Wendy’s in the central business district of Alexandria. Jeff Lefko and Bill Asher of Hanley Investment Group, in conjunction with ParaSell Inc., represented the buyer, a private exchange buyer based in Southern California. Matt Kramer of Pegasus Investments Real Estate Advisory Inc. represented the seller, a local investor from the Alexandria area. Located at 4015 Jackson Street in Rapides Parish, the 2,785-square-foot net-leased building was built in 2017 and features …