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COVINGTON, LA-Stirling Properties Inc. has obtained a $27.16 million loan to refinance a portfolio of eight Walgreens drugstores totaling 116,070 square feet.

Located throughout Louisiana, the properties were completed between 2007 and 2010 and average 14,509 square feet per store. Leases are guaranteed by Walgreens and lease terms range from 20 to 24 years, according to Kevin MacKenzie, a managing director with HFF’s Dallas office who worked on Stirling’s behalf to arrange the loan.

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