HFF closes $14.6 million sale of Stirling Slidell Centre in south Louisiana

Jim Batjer

ATLANTA, GA – HFF announced it has closed the sale of Stirling Slidell Centre, a 139,460-square-foot retail center in the New Orleans suburb of Slidell, Louisiana.

                HFF marketed the property on behalf of the seller, LaSalle Investment Management.  Retail Centers of America purchased the property for $14.6 million.

                Stirling Slidell Centre is situated on 15.55 acres at the northwest corner of Interstate 12 and Airport Road in Slidell, approximately 40 miles from New Orleans.

 The center was completed in 2003 and is leased to national and regional tenants, including David’s Bridal, Ross Dress for Less, Pet Smart, Men’s Wearhouse, Shoe Carnival, Party City, AT&T, Dickey’s Barbeque Pit, Target (shadow) and Academy Sports (shadow).

                The HFF investment sales team representing the seller was led by senior managing director Jim Batjer and managing directors Jim Hamilton and Richard Reid.

Jim Hamilton

LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $50 billion of assets under management of private and public property equity investments.

 LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and its clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe. 

American Realty Capital-Retail Centers of America, Inc. (ARC-Retail Centers) is a publicly-registered, non-traded real estate investment trust (REIT) that focuses primarily on the acquisition of core retail properties including lifestyle centers, power centers and large needs-based shopping centers.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com
krmurphy@hfflp.com
www.lasalle.com.