TriGate Capital has sold Siegen Plaza, a 156,441-square-foot, high-performing regional power center in Baton Rouge, Louisiana.
The financial terms were not disclosed. Fidelis acquired the asset.
With an estimated 5 million visits annually, Placer.ai statistics positions Siegen Plaza in the top 3 percent of shopping centers in the nation. The 94-percent-leased retail property is home to the No. 1 HomeGoods and the No. 2 Ross Dress for Less in Louisiana, along with the top Target in Baton Rouge. Petco, Five Below, Carter’s, Gamestop, Whataburger, IHOP, Olive Garden, Chick-fil-A, Jason’s Deli, GNC and more add to the center’s regional draw.
Siegen Plaza is on 22.88 acres at 6700-6800 Siegen Lane in a visible and accessible location at the northeast intersection of Interstate 10 and Siegen Lane. The property is in Baton Rouge’s most dominant retail corridor and is surrounded by three of Louisiana’s highest-income zip codes serving an extended trade area
