For over 70 years Commercial Properties has developed and managed a superior portfolio of assets that includes office complexes, retail space, shopping centers, apartment buildings and mixed-use master-planned developments in Louisiana, North Carolina, and Puerto Rico. CPRT’s portfolio of properties add civic and economic development value to the communities they serve and set a new standard for others to follow.
CPRT in the News
Gold and Best in Show honors for The Water Campus
The Gold and Best in Show honors for the Water Campus were among five awards for Louisiana, the most the state has received since becoming the only...
STATE-OF-THE-ART CYBER TRAINING FACILITY OPENS ON THE WATER CAMPUS
This state-of-the-art facility is designed to meet the current and future training needs for the Louisiana National Guard’s Cyber Protection Team, ...
APTIM RELOCATES HEADQUARTERS TO THE WATER CAMPUS
We are thrilled to announce our new tenant at The Water Campus APTIM, a global engineering and environmental consulting firm will be relocating the...
SPLASH & DASH GROOMERIE & BOUTIQUE AT CITY FARM
Splash and Dash Groomerie & Boutique has opened at City Farm at 5401 North. They are located in the City Farm buildings near Heyday Brewing.
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CPRT Over The Years
For over 70 Years CPRT and The Wilbur Marvin Foundation have worked to develop real estate projects that were sound business developments that also served the greater good of the communities that they were built in.
1951
Commercial Properties Development Corporation was founded in 1951 by Baton Rouge businessman, Wilbur Marvin. The company acquired, developed, and leased neighborhood and community shopping centers in Louisiana and Puerto Rico.
1992
After 40 successful years, The Wilbur Marvin Foundation, a supporting organization of the Baton Rouge Area Foundation, was created and structured Commercial Properties Realty Trust as the foundation's real estate entity to generate funds for civic and charitable causes.
The Arts Block
Adjacent to the Shaw Center for the Arts, The Arts Block is a residential, commercial and retail development completing the ten-year vision contributing to the revitalization of downtown. The Arts Block consists of restaurants, galleries, theatres, music venues, apartments, and museum space.
IBM Data Center & 525 Lafayette
As a result of an innovative partnership between CPRT, the State of LA, and the City of Baton Rouge, IBM brought 800 new high-tech jobs to the capital city with the riverfront development of a new 100,00 sq. ft. Data Service Deliver Center.
ONYX Residences
The ONYX Residences completed the Baton Rouge Arts Block. Originally the home of Rider’s Jewelry Store, the building sat vacant for three decades. With 27 urban apartments, Onyx allows more people to live downtown, continuing the area’s revitalization.
The Water Campus
Developed just south of the city, and located at Baton Rouge’s Old City Dock, the 35-acre Water campus provides a shared location for up to 4,000 scientists, engineers and researchers scientists study the problems confronting our coasts.
TODAY
Today, CPRT has become a nationally recognized real estate investment trust that is developing leading-edge real estate developments, while holding true to its heritage of making significant financial and quality-of-life contributions into the communities that we serve.
1970s
By the mid-1970’s, Wilbur Marvin had a portfolio of successful properties. The company was known for developing and managing shopping centers.
Hilton Capitol Center
Closed for more than two decades, the abandoned Heidelberg and Capitol House Hotel were an eye-sore to the area. $70 million later, the new Hilton Capitol Center brought elegance back to historic downtown Baton Rouge. In 2012, CPRT sold the Hilton Capitol Center.
Acadian Village
After an $18 million investment in 2013, the 70,000 square-feet Acadian Village shopping center attracted prestigious tenants including Acme Oyster House, Trader Joe’s, Pei Wei, Pier One, Petco, and Galatoire's Bistro Baton Rouge.
Villages of Americana
The Villages of Americana offer 60 luxury apartments in Zachary, LA. The complex includes over 17,000 square feet of ground level retail space with tenants that include, Lit Pizza, Blue Agave, The Baton Rouge General Medical Clinic, and Walk-ons Bar & Bistreaux.
5401 North
5401 North is a master-planned development that set a new standard for urban design. 5401 North spans outward in a connected series of residential, retail and corporate spaces all existing in harmony with nature and the community.
Kannapolis Crossing
Once complete, Kannapolis Crossing will become the new northern gateway to the Charlotte, North Carolina metro area. This new master-planned development will have residential style office and retail space making Kannapolis Crossing a live, work, and play community.
TOMORROW
The possibilities are endless. The projects will be bigger, but the Wilbur Marvin Foundation and CPRT will always seek out projects that make a difference and contribute to the overall vision and mission of the Baton Rouge Area Foundation and the philanthropic intentions of Wilbur Marvin.
1951
Commercial Properties Development Corporation was founded in 1951 by Baton Rouge businessman, Wilbur Marvin. The company acquired, developed, and leased neighborhood and community shopping centers in Louisiana and Puerto Rico.
1992
After 40 successful years, The Wilbur Marvin Foundation, a supporting organization of the Baton Rouge Area Foundation, was created and structured Commercial Properties Realty Trust as the foundation's real estate entity to generate funds for civic and charitable causes.
The Arts Block
Adjacent to the Shaw Center for the Arts, The Arts Block is a residential, commercial and retail development completing the ten-year vision contributing to the revitalization of downtown. The Arts Block consists of restaurants, galleries, theatres, music venues, apartments, and museum space.
IBM Data Center & 525 Lafayette
As a result of an innovative partnership between CPRT, the State of LA, and the City of Baton Rouge, IBM brought 800 new high-tech jobs to the capital city with the riverfront development of a new 100,00 sq. ft. Data Service Deliver Center.
ONYX Residences
The ONYX Residences completed the Baton Rouge Arts Block. Originally the home of Rider’s Jewelry Store, the building sat vacant for three decades. With 27 urban apartments, Onyx allows more people to live downtown, continuing the area’s revitalization.
The Water Campus
Developed just south of the city, and located at Baton Rouge’s Old City Dock, the 35-acre Water campus provides a shared location for up to 4,000 scientists, engineers and researchers scientists study the problems confronting our coasts.
TODAY
Today, CPRT has become a nationally recognized real estate investment trust that is developing leading-edge real estate developments, while holding true to its heritage of making significant financial and quality-of-life contributions into the communities that we serve.
1970s
By the mid-1970’s, Wilbur Marvin had a portfolio of successful properties. The company was known for developing and managing shopping centers.
Hilton Capitol Center
Closed for more than two decades, the abandoned Heidelberg and Capitol House Hotel were an eye-sore to the area. $70 million later, the new Hilton Capitol Center brought elegance back to historic downtown Baton Rouge. In 2012, CPRT sold the Hilton Capitol Center.
Acadian Village
After an $18 million investment in 2013, the 70,000 square-feet Acadian Village shopping center attracted prestigious tenants including Acme Oyster House, Trader Joe’s, Pei Wei, Pier One, Petco, and Galatoire's Bistro Baton Rouge.
Villages of Americana
The Villages of Americana offer 60 luxury apartments in Zachary, LA. The complex includes over 17,000 square feet of ground level retail space with tenants that include, Lit Pizza, Blue Agave, The Baton Rouge General Medical Clinic, and Walk-ons Bar & Bistreaux.
5401 North
5401 North is a master-planned development that set a new standard for urban design. 5401 North spans outward in a connected series of residential, retail and corporate spaces all existing in harmony with nature and the community.
Kannapolis Crossing
Once complete, Kannapolis Crossing will become the new northern gateway to the Charlotte, North Carolina metro area. This new master-planned development will have residential style office and retail space making Kannapolis Crossing a live, work, and play community.
TOMORROW
The possibilities are endless. The projects will be bigger, but the Wilbur Marvin Foundation and CPRT will always seek out projects that make a difference and contribute to the overall vision and mission of the Baton Rouge Area Foundation and the philanthropic intentions of Wilbur Marvin.
