After granting their struggling retail tenants leeway with rent payments for much of 2020, Baton Rouge landlords have largely decided it’s time to drop the hammer.
The former Hobby Lobby building on O’Neal Lane has been sold to a North Carolina-based real estate investment group that plans to convert the big box space into a self-storage facility.
After more than six years on the market, a retail strip center at the intersection of North Sherwood Forest and Florida boulevards anchored by a long-shuttered Albertsons supermarket has sold for $1.6 million, or a little more than $4.50 per square foot.