Orleans News

Robertson St. Ventures buys Elmwood Oaks workplace park


KEY TAKEAWAYS:

  • Robertson St. Ventures acquires 6.6-acre Elmwood Oaks Workplace Park in Jefferson Parish.
  • Plans $1M+ renovations together with modernized suites, power upgrades, and landscaping.
  • Property consists of 27,000 sq. ft. constructing and versatile I-MU zoning for a number of makes use of.
  • Native leaders spotlight potential financial development, job creation, and tenant alternatives.

Robertson St. Ventures LLC, an area actual property funding group led by Richard Juge of REMAX Industrial Brokers, has bought the Elmwood Oaks Workplace Park at 201 Evans Highway. The acquisition worth was not disclosed.

The 6.6-acre campus-style workplace complicated options 4 single-story skilled buildings set amongst centuries-old stay oak timber, providing ample parking and handy entry to main corridors connecting Uptown and Downtown New Orleans, Metairie, Kenner, and the Westbank.

Robertson St. Ventures plans to speculate greater than $1 million in renovations aimed toward modernizing the property and returning vacant workplace area to the market. The enhancements will embody new flooring, ceilings, paint, lighting, and energy-efficiency upgrades, together with upgraded landscaping and modernized tenant facilities resembling renovated kitchens and restrooms. Vacant suites starting from 972 to 1,247 sq. ft are already obtainable for lease at roughly $20 per sq. foot.

“Elmwood Oaks represents a uncommon alternative to personal and revitalize considered one of Jefferson Parish’s most distinctive workplace campuses,” mentioned Juge, associate at Robertson St. Ventures and dealer/proprietor of REMAX Industrial Brokers. “Our aim is to reinforce its worth, create new alternatives for tenants, and convey high-quality workplace area again to market.”

The property features a 27,000-square-foot single-story constructing with in depth parking—an unusual discover on the east financial institution of Jefferson Parish. Its versatile I-MU (Industrial Blended Use) zoning permits for medical, instructional, company workplace, know-how, mild industrial, and multi-family makes use of.

Native leaders praised the acquisition.

“The renovations will spur development within the space together with new jobs and companies. A giant thanks to Robertson St. Ventures for investing in our parish,” mentioned Jefferson Parish Councilman Deano Bonano.

Jerry Bologna, president and CEO of JEDCO, added, “This property acquisition and renovation supplies one other sign of confidence within the space’s potential. It enhances the group and strengthens our skill to draw first-class tenants, guaranteeing long-term financial development.”

Robertson St. Ventures plans to introduce extra outside facilities and curb attraction enhancements in 2026 to additional enhance the tenant and customer expertise.
Robertson St. Ventures is a domestically owned actual property funding group targeted on strategic acquisitions and value-add redevelopment throughout the Higher New Orleans area. The agency focuses on revitalizing underutilized properties into thriving business areas.

For leasing data, contact REMAX Industrial Brokers at (504) 838-0001 or go to www.lacdb.com/listings/57099970-201-evans-road.

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