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Tag Archives: Commercial Real Estate

Stewart Speed taking his ‘Meridian’ rental concept to Mobile

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By TED CARTER Jackson real estate developer Stewart Speed is exporting his “Meridian” rental apartment complex concept to Mobile after having nearly completed The Meridian at Fondren, a $33 million project on Lakeland Drive across from University of Mississippi Medical Center. Speed’s Jackson-based Leaf River Group will begin construction on the high-end Meridian at The Port apartment development this summer. The ...

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Developer bets on state historic tax credit fund renewal

These renderings show the Capitol Art Lofts, which will have 31 
apartments for rent and priced so that artists and other creative people 
can afford them.

By JACK WEATHERLY  HRI Properties LLC of New Orleans says it will not use any of $50 million from a venture capital fund to cap off its financing of its $10.4 million Capitol Art Lofts project in downtown Jackson. Instead, according to Tom Leonhard, HRI president and chief executive, it expects to get a $2 million state historic tax credit ...

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Baker Donelson set to open for business at One Eastover Center

District at Eastover

By TED CARTER Baker Donelson is moving into the 126,000- square-foot One Eastover Center, a Class A building whose opening marks completion of the initial phase of the District at Eastover mixed-use development. More than 150 employees including nearly 80 attorneys will begin work March 28 in the firm’s new 70,000-square-foot office, which occupies three floors in the building at Interstate ...

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Metro Jackson office market closes year with more move-ins than departures

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By TED CARTER Metro Jackson office tenants filled 50,824 more square feet than they vacated last year, a CBRE-Jackson survey of the second half of 2015 shows. The positive net absorption trend included downtown Jackson, where tenants leased 24,768 more square feet than they gave up, CBRE’s Jackson office reported. By contrast, the I-55/County Line Road submarket, which includes office buildings ...

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Planners unanimously back rezoning for Colonial Highlands

colonial rendering

By JACK WEATHERLY The Colonial Highlands traditional neighborhood took a major step toward becoming a reality Wednesday when the Jackson Planning Board voted 10-0 to recommend the rezoning of the former 152-acre Colonial Country Club. The matter will be taken up by the City Council, which could close a stormy chapter in the effort to build what has been called ...

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Couple taking risk in creating cooperative workspace in historic downtown Jackson

Coalesce on North State Street plans to open March 1 and offer open cooperative workspace in downtown Jackson.  Future developments include single offices and team suites.

By LISA MONTI  Attorney Matthew McLaughlin admits rehabilitating a historic building in downtown Jackson is a “pretty big leap of faith” for him and his wife, Shannon, to tackle. Shannon McLaughlin, an event planner who also does marketing and public relations, was looking for office space when the couple found two old buildings on North State Street. They needed major ...

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Hattiesburg’s Turtle Creek Crossing sells for $48.1 million

shopping center

Stirling Properties of New Orleans has closed on a $48.1 million purchase of Hattiesburg’s Turtle Creek Crossing. Sterling called the acquisition the largest in the history of the 40-year-old commercial real estate company. The 39.9-acre retail center situated on the “going home” side of heavily traveled U.S. Highway 98 covers 295,000 square feet and is across from Turtle Creek Mall. ...

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COMMERCIAL REAL ESTATE — Mixed results ahead for office, industrial and hotel markets

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By TED CARTER Certain segments of metro Jackson’s office, hotel and industrial warehouse markets are heading into a promising year, but other segments of the same sectors won’t shake the remnants of the Great Recession. That’s a key forecast included in Integra Realty Resources/Jackson’s tri-county market “Viewpoint” for 2016. Stabilized rent rates and fewer vacancies are ahead for metro Jackson’s suburban ...

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WAKEUP FOR NEW LEASING — CBRE sees metro Jackson office market rebound lasting into 2016

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By TED CARTER Metro Jackson’s office market recently awoke from a slumber that began early in the New Year, though downtown Jackson continued its years of lethargy, an office space survey by CBRE’s Jackson office found. The CBRE report predicts metro Jackson’s office leasing rebound will extend through the rest of the year and into 2016. “Most U.S. markets are improving ...

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Ikea confirms plan for Memphis store

IKEA, the world’s leading home furnishings retailer, today proposed plans for a possible store in the City of Memphis and Shelby County, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state. The potential store could open as early as Fall 2016 and is contingent upon receiving all governmental approvals. ...

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