Baton Rouge, Louisiana
Northeast Plaza is a 90,000 square foot 1982 construction Oak Point Fresh Market anchored shopping center located in Baton Rouge, LA. The center is located northeast of downtown Baton Rouge and benefits from good visibility and easy access from Greenwell Springs Road and Central Throughway with traffic counts of about 35,000 vehicles per day. Drawing from a 5-7 mile trade area and with an immediate 1-mile trade area household income of about $70,000 the center is well positioned within its submarket.
This center was previously anchored by A&P Grocery which exited the Louisiana market, but PMAT’s proactive and aggressive leasing effort secured a strong regional operator, Oak Point Fresh Market, to backfill the former grocer in a period of only four months. The new tenant operated an upscale, “Fresh Market” concept and commanded strong sales. With this new grocery anchorand some minor renovations PMAT managed to re-establish this property in the market.