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 …

Stirling Properties Brokers Sale of 38,443-SF Former Bassett Home Furnishings Building in Gulfport, MS

Stirling Properties recently brokered the sale of the 38,443-square-foot former Bassett Home Furnishings building located on 1526 E. Pass Road in Gulfport, Mississippi. The retail/warehouse building sits on 3.3 acres of land adjacent to the new Rouses Market. The buyer was Lagniappe Construction, a national senior living construction company, who plans to utilize the facility …

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 …

New Tenant Announced for Shoppes at University Town Plaza in Pensacola, Florida

Bubba’s 33 to join line-up in new BJ’s Wholesale Club-anchored retail redevelopment. Stirling Properties and Seritage Growth Properties are pleased to announce that Bubba’s 33, a new-to-market restaurant concept, is coming to the Shoppes at University Town Plaza in Pensacola, Florida. It will join the tenant line-up in the new BJ’s Wholesale Club-anchored retail redevelopment …

Stirling Properties Relocates Baton Rouge Office in United Plaza Office Park

New, expanded office footprint will combine two existing Baton Rouge locations. Stirling Properties is pleased to announce the merger and relocation of its Baton Rouge offices to United Plaza II located in United Plaza Office Park at 8550 United Plaza Boulevard, Suite 101, in Baton Rouge, Louisiana. The new, expanded office footprint will combine the …

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 …

Torchy’s Tacos and AT&T Store Headed to LSU’s Nicholson Gateway in Baton Rouge, Louisiana

LSU and Stirling Properties announced today that Torchy’s Tacos and AT&T will fill two more retail spaces in the university’s Nicholson Gateway Development, a mixed-use project located on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive. The two new tenants join anchor retailer Matherne’s Market, Wendy’s, Starbucks, …

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 …