KEY TAKEAWAYS:
- 300 N. Broad Road, dwelling to Complete Meals, bought with SVN | City Properties representing the customer.
- The ReFresh Mission hosts a number of tenants, together with Tulane’s Goldring Heart for Culinary Drugs and SPROUT NOLA backyard.
- Property initially redeveloped in 2014 right into a community-focused well being hub.
- Sale strengthens funding in properties combining industrial use with neighborhood packages.
A key mixed-use property on Broad Road in New Orleans, anchored by Complete Meals Market, has modified arms following a transaction facilitated by SVN | City Properties.
The New Orleans-based industrial brokerage represented the customer within the acquisition of 300 N. Broad Road, often known as The ReFresh Mission. The multi-tenant property additionally homes The Goldring Heart for Culinary Drugs at Tulane College, FirstLine Colleges, Boys City Louisiana, Broad Neighborhood Connections, and a neighborhood backyard operated by SPROUT NOLA.
Initially opened in 2014, The ReFresh Mission was redeveloped from a former Schweggman’s grocery retailer right into a community-focused well being hub. Its tenants proceed to advance initiatives resembling contemporary meals entry, culinary and diet training, youth and workforce improvement, and concrete gardening.
The vendor, Refresh Industrial, is a partnership between Alembic Neighborhood Improvement, a New York-based improvement agency with a New Orleans workplace, and Broad Neighborhood Connections, a neighborhood nonprofit targeted on neighborhood revitalization and neighborhood empowerment alongside Broad Road.
John Crisler, associate and managing director at SVN | City Properties, mentioned the transaction mirrored sturdy collaboration between all events concerned. Adviser Sam Hurley added that he appreciated the chance to assist facilitate the deal.
“This was an important deal for everybody concerned,” Crisler mentioned. “Each purchaser and vendor had been unbelievable to work with, and their collaboration made this a profitable transaction.”
SVN | City Properties, based in 2015, offers brokerage, administration, and improvement providers throughout the Better New Orleans market. As a part of the worldwide SVN community, the agency represents shoppers in over 500 markets worldwide throughout numerous property sorts, together with retail, workplace, industrial, multifamily, and single-tenant investments.
The acquisition marks a continued funding in properties that mix industrial operations with community-oriented programming, reinforcing Broad Road’s position as a middle for well being, training, and native engagement.
For extra data, go to urbanproperties.com or svn.com.
