Siegen Lane Marketplace
Baton Rouge, Louisiana
Regional Market / Submarket: Baton Rouge
Year Built, Renovated: 2002
Gross Leasable Area: 462,150 square feet
Population (5 miles): 138,307
Ave HH Income (5 miles): $73,421
Key Tenants: Sams Club, Wal-Mart, Kohl’s, Toys R’ Us, Bed Bath and Beyond, Old Navy, Dress Barn, Petsmart, TJ Maxx and World Market.
Hotels: Renaissance Inn, Marriott Courtyard
Siegen Lane Marketplace is a dominant Wal-Mart, Sam's Club, Lowe's and Kohl's anchored power center which is complimented by a well diversified mix of big-box, casual dining and lodging options. The property is located at the intersection of Interstate 10 (90,000 Average Daily Traffic) and Siegen Lane. Configured within one mile of direct highway frontage, Siegen Lane Marketplace affords its tenants excellent visibility, pylon signage and convenient access to the main residential growth areas of East Baton Rouge Parish.
Siegen Lane Marketplace is poised for growth with the opening of Baton Rouge’s first Toys R Us / Babies R Us superstore in the Fall of 2011. Joann’s and Rue 21 opened in 2012, along with several other key retail stores. Additional land is presently being developed for a variety of new tenants.
About the Trade Area:
The property is conveniently located at the heart of The Siegen Lane regional trade area in East Baton Rouge Parish, the fastest growing and most affluent part of the Baton Rouge MSA. The property’s primary frontage, Interstate 10, connects the property with New Orleans to the east and Lafayette to the west. Major competing retail centers include The Mall of Louisiana 2 miles northwest, Lake Sherwood Mall 2.5 miles to the north, and Town and Country Shopping Center 1.5 miles to the south.
ExxonMobil, Dow Chemical, Shell, and BASF Geismar all have major facilities in Baton Rouge. In 2010 the Baton Rouge Area Chamber of Commerce introduced programs to attract more high-growth industries and increased capital investment to the area.