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Cushman & Wakefield Arranges Sale of Hammond Aire Plaza

2/26/2020
Cushman & Wakefield has arranged the sale of Hammond Aire Plaza, a 349,660-square-foot multi-anchored retail center located in Baton Rouge, Louisiana.

Hammond Aire Plaza

Mark Gilbert and Fain Hicks of Cushman & Wakefield’s Retail Investment Advisors represented the seller in the transaction. Azad Commercial Realty Services, LLC, acquired the property.

“Hammond Aire Plaza presented the opportunity to acquire an established multi-anchored shopping center with powerhouse annual tenant sales,” Hicks said. “The property is centrally located in Baton Rouge just seven miles east of downtown Baton Rouge and Louisiana State University’s campus and attracts customers from a widely expanded trade area.”

Hammond Aire Plaza, located at 9616-9638 Airline Highway, is anchored by Burlington, Marshalls, Michaels, Stein Mart and shadow-anchored by Albertsons. The property is 97% leased with 89% of the occupancy attributed to national tenants.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Communications Specialist • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Southeast region, including Atlanta, Charlotte, Raleigh-Durham, Nashville and Birmingham. She oversees media relations, thought leadership initiatives, writes and manages blogs and social media, and assists with content creation such as infographics and videos.