RCG Ventures Acquires Pinnacle Nord Du Lac Retail Center In Covington For $27 Million

RCG Ventures acquired a retail asset known as the Pinnacle Nord du Lac retail center located at 6102 Pinnacle Parkway in Covington, LA. The property encompasses 215,058 square feet and was purchased for $27 million, translating to a price per square foot of $126.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,000,000
• Buyer: RCG Ventures
• Seller: Cypress Equities
• Brokers: Andrew Michols, Brad Buchanan, Jim Hamilton & Ryan West - JLL
• Sale Date: 12/18/2024

This transaction illustrates the involvement of RCG Ventures as the buyer and Cypress Equities as the seller, with representation provided by the brokerage team from JLL consisting of Andrew Michols, Brad Buchanan, Jim Hamilton, and Ryan West.