DALLAS, TX – August 13, 2014 – Olshan Properties, one of the country’s leading private owners, developers and managers of commercial real estate has sold Florline Commons, a shopping center located in Baton Rouge, Louisiana. The buyer, Highpoint Capital Group, founded by Jeffrey Seltzer, is a private real estate investment firm specializing in acquisitions primarily located in the southern and western U.S. Tom Salanty, Chris Harden and Kristopher Von Hohn from Cushman & Wakefield of Texas, Inc. represented Olshan Properties on the sale of this property.
“The Cushman & Wakefield retail advisors team ran a national marketing campaign and brought in David Persac of Persac Properties to reach the local market. The C&W team was a joy to work with and exhibited flawless execution on the assignment,” said Alison Lies, Senior Vice President, Investments, at Olshan Properties.
Florline Commons is a 202,199-square foot shopping center located at the intersection of Florline Boulevard and Airline Highway in Baton Rouge, with 18 acres of developable land and three vacant pad sites. National retail tenants include Bed Bath and Beyond, Big Lots, Guitar Center, Office Depot, H&R Block, Old Navy and Shoe Carnival.
“The offering received a strong response from investors looking to enter Baton Rouge, LA, one of the southern economies largely booming from the oil sector” said Tom Salanty, Executive Director, with Cushman & Wakefield of Texas, Inc.