SRS Capital Markets, Maestri & Murrell Close $8.09 Million Sale of Mandeville Marketplace in Louisiana
SRS Real Estate Partners announced the $8.09 million sale of Mandeville Marketplace, a 62,324-square-foot retail center at 619 N. Causeway Boulevard in Mandeville, Louisiana, with SRS Capital Markets representing the seller and Maestri & Murrell representing the buyer in the transaction.
The deal closed Aug. 12, 2026, with the buyer — a Louisiana-based private investor completing a 1031 exchange — acquiring the fully occupied, six-acre property at an implied price of approximately $130 per square foot.
Property and Tenant Profile
Built in 1988, Mandeville Marketplace is anchored by Altitude Trampoline Park and Crunch Fitness and is fully leased to five tenants. The property includes 200 parking spaces and sits proximate to U.S. Highway 190 within a dense retail corridor that includes HomeGoods, Ross Dress for Less, PetSmart, TJ Maxx, and Target.
The seller, a Louisiana-based owner, had previously acquired the center following the departure of a prior tenant and subsequently secured the two anchor tenants now in place. SRS Capital Markets Vice Presidents Sabrina Sapienza and Chad Lieber represented the seller in the transaction.
"The seller originally acquired the property following the departure of a previous tenant. By successfully securing two strong anchor tenants, they revitalized the center, bringing new energy and renewed momentum to the Mandeville area," Lieber said.
Transaction Challenges and 1031 Exchange Dynamics
The deal navigated a prolonged escrow period marked by several extensions, driven by financing difficulties on the buyer's down-leg property. Ben Stalter of Maestri & Murrell represented the buyer throughout the process.
"This deal presented multiple challenges during the escrow period including several extensions driven by a challenging debt environment on the buyer's down-leg property. During that time, we worked closely with Ben Stalter and his client to continue to make the transaction process as seamless as possible," Sapienza said.
The property's fully leased status and location within an established retail node alongside national chains supported the transaction despite the extended escrow timeline.
SRS Capital Markets Platform Activity
SRS Capital Markets reported it has completed more than $1.6 billion in deal volume across more than 400 transactions nationally so far this year. The firm currently has in excess of 900 properties actively on the market with a combined market value surpassing $4.3 billion.
SRS Real Estate Partners, founded in 1986 and headquartered in Dallas, operates 30 offices nationwide and provides commercial real estate services across retail, industrial, and capital markets.
Sources
SRS Real Estate Partners Press Release — Louisiana's Mandeville Marketplace Sells for $8.09 Million