{"id":1004118437,"date":"2015-04-28T20:43:07","date_gmt":"2015-04-29T04:43:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342864"},"modified":"2021-05-15T08:26:42","modified_gmt":"2021-05-15T16:26:42","slug":"texas-partnership-snaps-up-13m-chalmette-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/texas-partnership-snaps-up-13m-chalmette-mall\/","title":{"rendered":"Texas Partnership Snaps Up $13M Chalmette Mall"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

The Mall<\/p>\n<\/div>\n

Retail continues to be a hot asset class for New Orleans, with new developments, reopenings and sales dotting the local real estate landscape. One of the hottest new retail deals in in the New Orleans metro area, worth $13 million, was recently brokered by The Stevens Realty Group Inc. The Metairie, La.-based real estate services provider negotiated the $13 million sale of The Mall, a 138,782-square-foot shopping center in Chalmette, La., between Ray Peacock, acting though local entity 8700 West Judge Perez LLC, and a Texas-based partnership identified as Chalmette Management LP, reported Biz New Orleans<\/a>. Kenny Hurst, CCIM brokered the sale. The Mall\u2019s new owners have contracted The Stevens Realty Group to search for additional shopping centers on the market in the region.<\/p>\n

Located about six miles from the French Quarter and 15 minutes from downtown New Orleans, the Chalmette mall includes 673 parking spaces and features a mix of local and national retailers. National tenants include Big Lots, IHOP, Payless ShoeSource, T-Mobile, Aaron\u2019s, Save-A-Lot, ACE Cash Express, Churchill Downs and Hibbett Sporting Goods. Local tenants include multiple restaurants and retailers.<\/p>\n

Seller Ray Peacock purchased the property in 2007 for $1.5 million, financed through First NBC Bank. The mall underwent a comprehensive redevelopment the following year. The property hit the market three-and-a-half years ago. Its asking price a year ago was $14.5 million.<\/p>\n

Click here<\/a> for further New Orleans market data.<\/em><\/p>\n

Image courtesy of The Stevens Realty Group via Facebook<\/em> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Retail continues to be a hot asset class for New Orleans, with new developments, reopenings and sales dotting the local real estate landscape<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[],"class_list":["post-1004118437","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"\nTexas Partnership Snaps Up $13M Chalmette Mall - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/texas-partnership-snaps-up-13m-chalmette-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Partnership Snaps Up $13M Chalmette Mall\" \/>\n<meta property=\"og:description\" content=\"Retail continues to be a hot asset class for New Orleans, with new developments, reopenings and sales dotting the local real estate landscape\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/texas-partnership-snaps-up-13m-chalmette-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-29T04:43:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T16:26:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/The-Mall-2.png\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Texas Partnership Snaps Up $13M Chalmette Mall\",\"datePublished\":\"2015-04-29T04:43:07+00:00\",\"dateModified\":\"2021-05-15T16:26:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/\"},\"wordCount\":250,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/The-Mall-2.png\",\"articleSection\":[\"New Orleans\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-partnership-snaps-up-13m-chalmette-mall\\\/\",\"name\":\"Texas Partnership Snaps Up $13M Chalmette Mall - 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