JLL ARRANGES SALE, FINANCING OF LOUISIANA OFFICE PORTFOLIO
BATON ROUGE AND NEW ORLEANS, LA. — Jones Lang LaSalle has arranted the sale of a seven-building, 519,137-square-foot office portfolio in Baton Rouge and New Orleans. The assets include the 101,344-square-foot Sherwood Oaks property in Baton Rouge and the 96,978-square-foot Latter Center West in New Orleans. The other properties, which are all located in the Acadian/College submarket of Baton Rouge, include the 81,923-square-foot Citiplace One, the 76,446-square-foot Corporate Atrium, the 74,086 Acadian Centre, the 56,844-square-foot Corporate Two and the 31,516-square-foot Citiplace Two. Kimco Realty Corp. sold the portfolio to Songy Highroads. Rudy Hubbard, Jimmy Board, Kevin McConn and John Ream of Jones Lang LaSalle brokered the sale and secured a CMBS loan on behalf of Songy Highroads through Deutsche Bank.