Florline Commons
Baton Rouge, Louisiana
Regional Market / Submarket: Baton Rouge: Broadmoor/Sherwood
Gross Leasable Area: 201,929 square feet
Population (5 miles): 200,989
Ave HH Income (5 miles): $51,951
Key Tenants: Big Lots, Bed Bath & Beyond, Guitar Center, Old Navy
The property is comprised of stand-alone retail buildings that are located on the periphery of the Cortana Mall. In addition to the strong Cortana Mall tenants, Lowe’s and Wal-Mart Supercenter are positioned on the northern periphery and shadow anchor the site, driving considerable traffic to the area. Sam’s Wholesale Club is currently building a store, also adjacent to the site, and should be an excellent addition to the strong line-up of shadow anchors.
About the Trade Area:Florline is located in the Broadmoor/Sherwood subdivision of Baton Rouge off of Highway 190 at the intersection of Florida Boulevard and Airline Highway. Located just 10 minutes from downtown Baton Rouge, Florline is well-positioned in this trade area. In addition to being the State Capital, Baton Rouge is home to Louisiana State University and Southern University with combined enrollment of over 35,000 students and 7,000 staff. ExxonMobil, Dow Chemical, Shell, and BASF Geismar all have major facilities in Baton Rouge.
In 2010, the Baton Rouge MSA had a population of over 800,000 people, which represents a 14% growth from the 2000 census. In addition, the Baton Rouge Area Chamber of Commerce introduced a campaign in late 2010 to attract high-growth industries and increased capital investment to the area. The recent strides made by the city, with the support of local government, position Baton Rouge well for further growth.