Kirschman Purchases Former St. Charles Avenue Whitney Bank Branch For $3,750,000

by • January 2, 2018 • Acquisitions, RetailComments (0)1598

Photo of 1320 St. Charles Avenue via

Investor Arnold Kirschman with Kirschman Enterprises LLC has closed on the former Whitney Bank building at 1320 St. Charles Avenue for $3,750,000 million.  The transaction closed in December.

The property included a two-story building of 11,500 square feet, and 31,465 square feet of land on nine separate lots of record.  The property is zoned MU-1, a very favorable zoning district that allows for a variety of uses.

Schaffer Mickal of Latter & Blum was the listing agent for the property, which was originally listed for $4.5 million.  Rachel Van Vorhees was the buyer’s agent.

This Whitney location is one of several that were put on the market as a result of Whitney’s acquisition of nine branches from First NBC Bank, which closed in April.

Kirschman is also the owner of mixed-use development Faubourg Freret and an investor in the former Times-Picayune headquarters that a group of investors purchased for $3.5 million in 2015.


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