SRS Real Estate Facilitates $9M Sale of Gulf Coast Retail Property
SRS Real Estate Partners’ National Net Lease Group has arranged the $8.9 million sale of a 62,297-square-foot retail property occupied by Winn Dixie in LaPlace, LA.
Situated on seven acres at 1830 W. Airline Highway, the property features a long-term, absolute triple-net lease that is corporate guaranteed by Winn-Dixie Stores Inc. The property also features a large pylon sign for excellent visibility and is nearby to other national tenants including Walmart Supercenter, The Home Depot, PetSmart and Dollar General.
Sean Lutz and Dan Elliot of SRS represented the seller, a private investor from Baton Rouge, in the transaction. The buyer was a family office also from Baton Rouge.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.