BATON ROUGE APARTMENT COMPLEX SOLD FOR $14 MILLION

BATON ROUGE, LA. — Tapestry Springbrook Apartments LLC recently sold its 200-unit Springbrook Apartments to New Orleans-based Favrot & Shane Cos. for $14.58 million. The property features a clubhouse, fitness center and resort-style pool and will be managed by 1st Lake Properties. David Treppendahl of Re/MAX First Commercial Real Estate represented the seller.