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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 commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

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