Stirling Continues Walgreens Developments with 14 KSF Drug Store in Metairie
By Eliza Theiss, Associate Editor
Stirling Properties has announced plans to develop a new full-service Walgreens drugstore in the New Orleans suburb of Metairie. Set to rise at the corner of Veterans and Power boulevards, the proposed drugstore will be built in the Barlon Plaza Shopping Center. The store will be a ground-up relocation of an existing Walgreens located within the shopping center.
The new location will be larger, offering 14,000 square feet of retail space, and will feature a full-service pharmacy and drive-through window. Set to break ground in July and be completed in the first quarter of 2015, the development is expected to contribute to the revitalization of Barlon Plaza and the retail corridor where it is located.
Stirling Properties will provide pre-development services such as lease negotiation, permitting, financing, design, and project and construction management.
Stirling is the preferred developer for the Walgreen Co. in the Gulf South and has developed multiple Walgreens locations throughout the region. This includes the recently opened full-service Walgreens drug store in Terrytown on the Westbank of New Orleans. The store, which opened in late March, is located on the corner of Terry Parkway and Carol Sue Avenue on the site of the former shopping center anchored by A&P Grocery/Eckerd Drug. As previously reported, the 17,384-square-foot store broke ground in April 2013 and is expected to revitalize this retail corridor, as well.
Stirling also handled the full conversion of the historic former Ed Brauner American Legion Post #307 to a 13,000-square-foot Walgreens marquee store (details here), which opened a little over a year ago.
Click here for further market data.
Images courtesy of Stirling PropertiesTags: Architecture/Design, Brokers, Developers, Development, Economy, Finance/Investment, Financiers, Investors, Leasing, Local, Maintenance, Metairie submarket, National, New Orleans, New Orleans Lead Story, New Orleans retail market, Operations, Property Management, Regional, Retail, Stirling Properties, Terrytown submarket, Walgreens