Article submitted by Brian Nicolich, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate, LLC
Written by Stephanie Riegel | April 11, 2018
The retail news in Baton Rouge this year hasn’t been pretty. Among the low-lights, announcements that:
- Kohl’s will downsize four of its Louisiana locations—including the one in Baton Rouge—by some 25,000 square feet each.
- Macy’s is repurposing 16,000 square feet of its Mall of Louisiana anchor store into a discount outlet called Macy’s Backstage.
- Winn Dixie’s parent company is filing for bankruptcy, throwing into question the future of its big box supermarkets throughout the south.
- And Toys R Us declares it’s closing all 800 of its retail locations across the country, which locally means an additional 59,000 square feet of inventory will soon be dumped on an already oversaturated market.
And this doesn’t even include the accelerating retail death at Cortana Mall. All of which begs the question of how many more retail stores are heading toward a similar fate? And who or what will fill all these empty or less-than-full big box buildings?
Brian Nicolich joined Saurage Rotenberg Commercial Real Estate, LLC in May 2017. He is a lifelong resident of Baton Rouge. Brian attended both St. Michael the Archangel High School and Louisiana State University (LSU). He started his career in Luxury Car Sales, working at Brian Harris Porche Audi for eight years. Brian will be pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
