New Orleans-based investors Oliver and Louise Montagnet have acquired the Walker Plaza retail center, a 37,200-square-foot property located at 28050 Walker South Road in Walker, Livingston Parish. The shopping center is anchored by Dollar Tree and is fully occupied, marking a significant addition to the Montagnets’ real estate portfolio.
The acquisition, confirmed on March 23, 2026, was a private transaction with Frank Mueller as the seller. The deal was brokered by Noah Loveland and Benji Azar of ELIFIN for the buyers, while Randy Lolley of The Lolley Group represented the seller. While the purchase price was not disclosed, the involvement of national tenants like Pizza Hut, AT&T, GameStop, and North Oaks Urgent Care suggests a stable cash flow for the property.
This transaction highlights the trend of New Orleans investors expanding into neighboring regions, reflecting a strategic move to tap into the retail sector beyond the city’s limits. Walker Plaza’s proximity to a Walmart Supercenter and prime frontage on Hwy 447 adds to its appeal as a solid investment.
The Montagnets have a history of real estate investments in New Orleans, particularly in multifamily and condominium projects. This latest acquisition indicates a potential shift towards increasing exposure to retail properties, which could signal further investments in similar markets.
The addition of Walker Plaza to their portfolio underscores the strong interest from New Orleans capital in suburban retail centers, an important consideration for brokers and investors monitoring market preferences and asset types.
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