Baton Rouge, LA — A 61,664-square-foot Rouses Market located on approximately 8 acres along Joor Road in Baton Rouge, Louisiana, has been successfully sold in a strategic investment transaction.
The property was formerly operated as a Winn-Dixie supermarket before being acquired and converted by Rouses Markets in January. The asset serves as a well-positioned grocery anchor within its trade area, benefiting from strong visibility, accessibility, and a substantial land footprint.
The sale represents a strategic disposition for the seller, allowing for capital reallocation into other asset classes as part of a broader portfolio realignment strategy.
Michael Cleeman of Cleeman Realty Group represented the seller in the transaction. Cleeman noted continued investor appetite for necessity-based retail assets, particularly grocery-anchored properties in established markets with strong underlying real estate fundamentals and long-term viability.
This transaction further reflects Cleeman Realty Group’s continued strength in the representation and execution of grocery-anchored investment sales nationwide, with a focus on delivering strategic outcomes for both private and institutional clients.
Rouses Markets, a leading Gulf Coast regional grocer, continues to expand its footprint across Louisiana and surrounding states, reinforcing the strength of grocery-anchored retail throughout the region.
The transaction highlights sustained demand for high-quality grocery-leased assets and the enduring appeal of Baton Rouge as a stable retail investment market.
For information on other investment opportunities, please reach out to one of the team members at Cleeman Realty Group at www.cleeman.com