Dana Inc. Celebrates Grand Opening of New Service & Assembly Center in Slidell, Louisiana

Marks another major milestone in the evolution of Stirling Properties’ development portfolio. Dana Incorporated (NYSE: DAN) announced that it has opened the doors to its nearly 32,000-square-foot industrial facility at Fremaux Park in Slidell, Louisiana, for the repair, service, and assembly of industrial gearboxes, including the ability to custom-make gears up to 6.5 feet (2 …

Ownership Change for Froogel’s Cost+Foods at Westland Plaza in Jackson, Mississippi

Stirling Properties announces the ownership change for Froogel’s Cost+Foods at Westland Plaza retail center in Jackson, Mississippi. Robert’s Company, Inc., a grocery operator headquartered in Hattiesburg, Mississippi, has acquired the grocery store, as well as 3 other McDade’s/Froogel’s in the Jackson Metro area. The ownership change was effective January 27, 2020. Froogel’s will close for …

Construction Nearing Completion for Redevelopment at Hammond Square

Former Sears and Rite Aid stores transformed into multi-tenant retail space. Stirling Properties commercial real estate company is nearing completion on the redevelopment project at Hammond Square shopping center in Hammond, Louisiana. Demolition of the former Sears and Rite Aid buildings was completed earlier this year to make way for the $15 million multi-tenant retail …

Why is it important to have Buyer/Tenant Representation?

Your business is growing, and you need more space. Maybe you’re planning to expand into a new market. Perhaps you’re an investor looking to build your portfolio. Regardless of the scenario, if you’re considering buying or leasing commercial real estate, you will be faced with the same challenges: Finding the right location, negotiating a fair …

Stirling Properties Adds Two Advisors to Commercial Real Estate Team

Rankin Bihm recently joined the Stirling Properties team as an Advisor, working dually from the company’s Lafayette and Lake Charles offices. He is primarily focused on the sales and leasing of retail properties, with representation of both tenants and landlords. His specific geographical expertise is on the Southwest Louisiana market area. Prior to joining Stirling …

Putting For A Purpose

Stirling Properties’ Annual Stirling Invitational Golf Tournament Raises $25,000 for local charities! Stirling Properties hosted its 19th Annual Stirling Invitational Golf Tournament on Monday, November 11th at University Club Plantation in Baton Rouge, Louisiana. This year’s tournament successfully raised more than $25,000 for local charities! Although the original tournament date was unfortunately rescheduled due to …

What Does Triple Net (NNN) Mean?

The Popularity of NNN Deals Single-tenant, triple net (NNN) deals have become one of the most prevalent and often traded types in commercial real estate. However, despite the popularity, triple net deal structures are still commonly misunderstood by many commercial real estate practitioners. Triple net deals usually offer new, or nearly new real estate and …

Part #3 – Retail Site Selection for Drug Stores

Drug Stores Have Unique, Evolving Characteristics Around the turn of the century, the Drug Store War for “Class-A” corners erupted across the Gulf South.  Between the Rite Aid and K&B merger, as well as CVS and Walgreens aggressively competing for market share, the race was fast and furious. I distinctly remember sale prices exceeding $20/foot …