Press Releases
Marcus & Millichap Brokers Sale of Commerce Centre in Prairieville, Louisiana
July 15, 2026
PRAIRIEVILLE, La., July 15, 2026 — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Commerce Centre, a 33,744-square-foot multi-tenant retail property along Airline Highway.
“Ascension Parish continues to benefit from strong population growth, new residential development and expanding industrial investment, all of which support long-term demand for neighborhood retail,” said Cole Voyles, associate investments. “The property's location in one of Louisiana's fastest-growing commercial corridors and its lease-up potential made it an attractive opportunity for investors.”
Voyles, Gus Lagos and Alex Wolansky, CCIM, investment specialists in Marcus & Millichap's Houston office, in association with Steve Greer, Marcus & Millichap's Louisiana broker of record, exclusively marketed the property on behalf of the seller, a local owner, and procured the buyer, an East Coast investor.
The property is located at 17097 Airline Hwy. Built in 2015, the Class A shopping center totals 14 suites on 4.05 acres. The property benefits from visibility to more than 51,000 vehicles per day and was approximately 72% occupied at the time of sale, providing future lease-up opportunities. The center sold at its full asking price and is positioned to benefit from continued commercial and residential growth throughout the surrounding trade area.
“Ascension Parish continues to benefit from strong population growth, new residential development and expanding industrial investment, all of which support long-term demand for neighborhood retail,” said Cole Voyles, associate investments. “The property's location in one of Louisiana's fastest-growing commercial corridors and its lease-up potential made it an attractive opportunity for investors.”
Voyles, Gus Lagos and Alex Wolansky, CCIM, investment specialists in Marcus & Millichap's Houston office, in association with Steve Greer, Marcus & Millichap's Louisiana broker of record, exclusively marketed the property on behalf of the seller, a local owner, and procured the buyer, an East Coast investor.
The property is located at 17097 Airline Hwy. Built in 2015, the Class A shopping center totals 14 suites on 4.05 acres. The property benefits from visibility to more than 51,000 vehicles per day and was approximately 72% occupied at the time of sale, providing future lease-up opportunities. The center sold at its full asking price and is positioned to benefit from continued commercial and residential growth throughout the surrounding trade area.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
