The Embassy Apartments on Gourrier Avenue, across the street from the South Gate Village shopping center, was sold to a New York firm for $11.6 million, according to sales documents.
CLK Properties, a commercial real estate firm, bought the apartment complex doing business as Tiger Pointe Owner LLC. The firm acquired the property from Embassy Apartments LLC, whose co-liquidators are listed as Peggy Anderson and Milton Womack Jr.
The two-story complex was built in 1970, according to a listing on apartments.com, and features 214 units. The complex comprises three buildings over nearly 5 acres.
CLK Properties owns several multifamily complexes in Baton Rouge, including Cobblestone at Essen, Cypress Lake Apartments, Forestwood, Sherwood Acres and Willowbend Lake. The firm bought the Cobblestone at Essen property for $14.7 million in early 2018, and Cypress Lakes Apartment for $43.8 million in 2017.
