Stirling Properties to Develop Full-Service Walgreens Drugstore on New Orleans Westbank

Stirling Properties is pleased to announce the development of a new full-service Walgreens drugstore in Terrytown, Louisiana on the Westbank of New Orleans.  The proposed Walgreens will be located at the intersection of Terry Parkway and Carol Sue Avenue on the site of the former A&P Grocery/Eckerd Drug anchored shopping center.   The new store will be a relocation of the existing Walgreens located across Terry Parkway. “This project represents a cooperative effort between Stirling Properties and Jefferson Parish to bring back a distressed commercial property to prominence once again as a viable retail corner that will serve the people of Terrytown”, said Peter Aamodt, Vice President of Development for Stirling Properties.

The larger 17,384 square foot store will have a drive thru window and full service pharmacy and will serve as a catalyst for future development to help revitalize an aging retail corridor. Construction on the Terrytown store is slated to begin in April and open in the fourth quarter of 2013. Stirling is providing pre-development services, including lease negotiation, permitting, financing, design, as well as construction and project management.

As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long-standing relationship with the retailer. Construction is currently underway on two other Stirling Properties Walgreens developments located on Magazine Street in New Orleans, Louisiana, and on Pass Road in Gulfport, Mississippi.

For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.