DLC Management Acquires Towne Center At Cedar Lodge Baton Rouge For Eighty One Million
7529 Corporate Boulevard
$81,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 11, 2025
AI
Towne Center at Cedar Lodge, a 48-acre open-air retail center in Baton Rouge, Louisiana, located at 7529 Corporate Boulevard, was sold for $81,000,000. The asset is categorized as Retail in the Baton Rouge market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $81,000,000
- Address: 7529 Corporate Boulevard
- Market: Baton Rouge, LA
- Acreage: 48 acres
- Buyer: DLC Management Corporation
- Note: First Louisiana property for DLC Management Corporation
DLC Management Corporation, the buyer, marks its first property acquisition in Louisiana with this deal. The transaction aligns with DLC's investment focus on high-profile, well-located shopping centers, and the 48-acre center is noted as 95%+ occupied in the accompanying context.
Players
Baton Rouge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93