Chalmette Mall Acquired in $13M Deal

by • April 22, 2015 • Acquisitions, RetailComments (0)2072

Photo via Loopnet.com

Photo via Loopnet.com

Real estate investment group Chalmette Management, LP has acquired”The Mall” shopping center in Chalmette located at 8700 West Judge Perez Dr for $13,000,000 according to our friends at Biz New Orleans.

The Mall has three separate buildings totaling roughly 135,000 rentable square feet and 673 parking spots.  The property generates a net operating income of $1,223,800 according to the listing on Loopnet.

Tenants include Aaron’s, ACE Cash Express, Big Lots, CATO Fashions, Churchill Downs, GameStop, Hibbett Sporting Goods, IHOP, Payless ShoeSource, Save-A-Lot and T-Mobile.

 The sell was Ray Peacock, who bought the property in 2007 for $1.5 million before renovating.  The Stevens Realty Group, Inc. brokered the deal.

You can read the entire article at Biz New Orleans here.

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