Property Name: Rivermark Phase 1

Address: 6535 Industrial Dr, Geismar, LA 70734

Total Square Feet: 200,000

Projected Annual Cash Flows: N/A

Projected IRR: 20%

Notable Tenants: Marucci Sports, RaceTrac, Delval Flow Controls

Investment Story:

In 2023, JRE partnered with local developer Chad Brossett to construct, lease up and sell a 200,000 SF industrial distribution facility, capitalized with $7 million raised from 38 investment partners. At groundbreaking, the project was already 50% pre-leased, substantially reducing development risk.

With virtually no comparable new construction in the market and limited available supply, JRE and Chad anticipated strong demand and targeted full lease-up within 12 months of completion. The project exceeded pro forma expectations on both cost and income—finishing under budget and achieving rental rates above projections. The property reached 100% occupancy before construction was completed.

Leveraging our national network of investment brokers, JRE secured a 1031 exchange buyer and closed the sale ahead of schedule, delivering an annualized IRR return to its investors in excess of 26%.