Rouses Markets

This two-property freestanding grocery portfolio was purchased in 2021 for $4,600,000 and is currently occupied by regionally-dominant grocer, Rouses Markets.  JRE sourced this portfolio off-market through one of its affiliates, who brought it directly to them.  Built in 2015 and 2016 (respectively), these buildings were originally occupied by a small grocery chain called Frank’s Supermarkets.  To the outside eye, these assets appear to be in undesirable markets based on low demographics and geographical isolation, but make no mistake – these are VERY strategic locations.  They were built specifically to service the operations of Port Fourchon, through which 95% of the oil rigs in the Gulf of Mexico are serviced.  Port Fourchon serves as a base of operations for over 250 petroleum and oilfield servicing companies operating in the Gulf, and also is the access point for the LOOP (Louisiana Offshore Oil Port), located about 20 miles south of the port.  LOOP provides tanker offloading and temporary storage services for crude oil transported on some of the largest tankers in the world, handles 13 percent of the nation’s foreign oil, and connects by pipeline to 50 percent of the U.S. refining capability. 

These areas are extremely important to the national security of the United States, and will have “boots on the ground” for a very long time.  These “boots” need food.  With literally ONE road connecting Port Fourchon to the rest of the world (and these stores being in its critical path), they are literally “feed the gulf,” as nearly all of the food going out from Port Fourchon comes from one of these two grocery stores.  In addition – one of the country’s premier fishing destinations is Grand Isle, LA, sits just past Port Fourchon.  Tens of thousands of tourists flock to Grand Isle, year round, to enjoy great fishing and some of Louisiana’s ONLY beaches!  

Because of some unorthodox lease structures, JRE was able to acquire these assets at a price that allowed for an almost unheard of 11% cash returns for creditworthy free-standing grocery!  After a year of ownership, JRE was able to successfully renegotiate the leases with Rouses in a unique way that added value to both tenant AND landlord.  By changing the rent amount in exchange for some concessions from the tenant, JRE was able to add about $1,000,000 in value to this asset with a simple lease amendment, increasing the expected IRR for this investment from 12.23%  to well over 30%! 


2113 S Alex Plaisance Blvd, Golden Meadow, LA

13086 Highway 3235, Larose, LA

Total Square Footage:


Projected Annual Cash Flows:


Notable Tenants:

Rouses Markets

Projected IRR:

12% – 30%+

*See description

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At JRE Capital, our philosophy of strategic planning and personalized service has powered our success for over 25 years. We treat each new client like a unique individual to formulate strategies best suited to address your specific needs. We get to know you, your goals, where you are today, and above all, where you want to be tomorrow.

At JRE Capital, our philosophy of strategic planning and personalized service has powered our success for over 25 years. We treat each new client like a unique individual to formulate strategies best suited to address your specific needs. We get to know you, your goals, where you are today, and above all, where you want to be tomorrow.



Jacob McCain serves as Associate Director of Asset Management and Acquisitions at JRE Capital. Jacob assists in the sourcing and evaluation of new acquisitions, along with current portfolio leasing, lease administration and asset management. Since joining the team in 2020, Jacob has assisted JRE Capital in evaluating and underwriting over $750,000,000 million in potential acquisitions, leading to $70,000,000+ of actual transactions. Jacob has proven himself to be an integral part of the JRE family, and continues to add value significant for all of its investment partners. Prior to joining JRE Capital, Jacob served as Commercial Sales and Leasing Executive at Maestri Murrell Real Estate and was responsible for assisting in retail investment sales, landlord leasing representation, and tenant leasing representation. As an active member in the local real estate community, Jacob serves on Young Leadership Council for Baton Rouge’s Growth Coalition, and is also an active member of the International Council of Shopping Centers (ICSC). Jacob holds a BS from Louisiana State University’s Engineering Department.



Donnie has been behind some of Baton Rouge's most successful developments, with a portfolio of investments stretching from Lake Charles, Louisiana, to Pensacola, Florida. His passion for real estate and development is apparent, and those who work with Donnie enjoy the enthusiasm that has made him successful. In his nearly 25-year career, Donnie has developed and acquired over two million square feet of commercial, retail, office and multi-family property. Recognizing that every property, situation and client is different, Donnie sees that each new experience brings its own unique challenges, circumstances and advantages. When others skim the surface, he digs in. With creativity, dedication and diligent problem solving, Donnie is able to make his deals work. Many of his projects, like Southdowns Shopping Center, Perkins Road Hardware redevelopment, Drusilla Shopping Center, and Eastbank Shopping Center, have been diamond-in-the-rough properties that, once reenergized, have helped transform entire neighborhoods and streetscapes. Donnie has had several new development successes as well, including the 50,000 square-foot Perkins Palms mixed-use development and the 100-unit Elysian, a workforce housing complex designed to accommodate a wide array of mixed-income residents in Mid-City Baton Rouge. Over the past decade, Donnie has acquired over $170,000,000 in retail Shopping Centers through different partnership-structured syndications that encompass well over 1,000,000 square feet. Outside the office, Donnie is a valued community member who volunteers with a variety of local organizations. He served on the Board of the Baton Rouge Growth Coalition, is Board President of the Options Foundation (which provides housing and services to the mentally ill), and has been a committed mentor in the Kids Hope program for many years. Donnie also founded Everyone Plays Sports Foundation, a non-profit organization that donates sports equipment to local schools and addresses child obesity issues. Donnie is a lifelong Baton Rouge area resident, married to Barbara Parsons Jarreau and proud father to six children.



Following a successful tenure in commercial property management with one of the largest regional property management firms in Louisiana, Josh joined Donnie Jarreau Properties in 2019 as a partner in the business, overseeing a commercial property portfolio of over 1.5 million square feet. The current portfolio is comprised of Class A office space, multifamily, property owners' associations, and several community and grocery anchored retail properties stretching from the Texas / Louisiana border along I-10 to the Florida panhandle. Rebranded as Jarreau Real Estate Management, Josh now manages all aspects of the property management business. Joshua's role includes asset management and owner communication; vendor management; business efficiency modeling and implementation; tenant and leasing relationships; project management and the financial reporting function. Josh is a licensed real estate broker in the State of Louisiana and a member of the Greater Baton Rouge Association of Realtors and NAR.



Though a native of Monroe, La, Trey has lived in and has been an active member of the commercial real estate industry in Baton Rouge and across South Louisiana or the past 15 years.  After graduating from the LSU MBA program with a concentration in Real Estate Finance, Trey began his career as a commercial real estate appraiser.  He then moved on to NAI/Latter & Blum Commercial Realtors, where he earned the company’s “Rookie of the year” award in his first year.  Shortly thereafter, Trey earned the National Realtor Association’s prestigious CCIM designation, was named to the Baton Rouge Business Report’s “Top 40 under 40” list, and was post recently appointed to the Louisiana Association of Business and Industry's (LABI) Emerging Leaders Council.  In addition to his 15 years in Commercial Real Estate, Trey has also been an entrepreneur and small business owner, co-founding both the City Pork Restaurant Group and also Southfin Southern Pokè.  Today, Trey’s full time commitment is to his partnership with Donnie, Josh and the investment partners of JRE Private Equity, bringing them commercial real estate investment opportunities that they would not normally have access to.  Trey is a father of 4 small children, an active member in his church, serves on several local non-profit boards, enjoys the outdoors, and has a passion for many odd and unusual things (feel free to ask!). First and foremost, though, he has a passion for Commercial Real Estate and wants to see it become an easily accessible asset class for the right investors.