http://www.2theadvocate.com/stories/031905/bus_biz001.shtml
Stirling purchases 8 acres at Target site
By TIMOTHY BOONE
[email protected]
Advocate business writer
Stirling Properties completed a deal to buy about 8 acres off Millerville Road, which will allow the company to expand its Super Target shopping center, under construction.
Stirling paid $1.1 million for the land, according to paperwork filed with the East Baton Rouge Parish Clerk of Court's Office.
"The goal is to incorporate this as part of a larger shopping center," said Gerald "Chip" Songy, executive vice president with Covington-based Stirling. "These buildings will face Interstate 12, while Target will face Millerville Road."
Stirling has had a contract to buy the property since fall, the same time that the firm bought the adjoining Super Kmart building and property for $5.5 million. While the old Kmart was being demolished to make room for Super Target, Stirling was getting wetlands permits for the additional land.
Super Target is set to open its second Baton Rouge store Oct. 9. Songy said the remaining shopping center should open in spring 2006.
The shopping center will have about 290,000 square feet of retail space. Target will take up about 170,000 square feet, Songy said.
Stirling has said the shopping center will include a Ross Dress for Less and Blockbuster Video. No other tenants have been signed for the shopping center, but Songy said Stirling is "talking to all the people that follow Target around."