Whole Foods/Fern Marketplace development should begin soon now that the land needed for the Whole Foods store has been purchased.
Fern Marketplace development set to begin
Posted by David Specht on 02 Apr 2014 / 0 Comment
Sealy Real Estate Services, a leading Shreveport based commercial real estate firm, announced Tuesday the successful closing on the sale of 8.623 acres of land for over $2.19 million to RK Commercial Properties of Houston, Texas, project developers for Whole Foods Market.
Site preparations of the future Fern Marketplace anchored by Whole Foods are slated to begin.
The 8.623-acre site is located within Alexandrine place, near the northeast corner of 70th and Fern Avenue.
Previously, there have been multiple offers for the same parcel of land; however the land owners sought a developer with a successful track record who represented a quality end user.
“As a premier location in the Shreveport Market, Alexandrine Place is perfect location for the planned development and location for Whole Foods.” said JoAnn Wheless of Sealy Real Estate Services, who was instrumental in negotiating the sale of the property. “Our market knowledge and commercial real estate sales experience helped ensure a favorable outcome and long-term viability for all parties involved.”
The RK development project, the future Fern Marketplace, includes a shopping center anchored by Whole Foods. RK plans construction of a 36,000± square foot Whole Foods facility, its first in North Louisiana, as well as additional 32,000 square feet of retail space available for lease.
Located on East 70th Street in Shreveport, Alexandrine Place is a mixed use development. Since September 1997, JoAnn has been the representing broker for Alexandrine Place. Beginning with 130 acres of vacant and available land, she has guided the process through master development planning, zoning, contract negotiations, and closings. JoAnn believes Whole Foods will be the catalyst for the development of the remaining acreage in Alexandrine Place.