Search
 

Equity One Fills Big Box Holes in Louisiana

BATON ROUGE, LA-The Miami-based REIT finds 71,000-sf worth of tenants to backfill space at a 174,000-sf retail center in Baton Rouge and another property in Galliano that were vacated by Kmart in December 2002.

By Brian K. Miller | Updated on August 28, 2003

BATON ROUGE, LA-Equity One has signed three tenants for the former Kmart space at Seigen Village, a 174,000-sf mall in Baton Rouge.

Equity One Leasing Director Thornton Anderson tells GlobeSt.com it cost the company about $10 per sf to split the space, but they were able to sign tenants to 10- and 15-year leases for about $11.50 per sf per year. Stage Stores, a brand name and private-label department store, took 30,061 sf while Big Lots, a closeout retailer, took 33,508 sf and Dollar Tree Stores took about 8,000 sf. Anderson says the leases bring Siegen Village to 95% occupancy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.