Stirling Properties to manage Perkins Rowe

Stirling Properties has been awarded a contract to provide leasing, sales, property and construction management services for the Perkins Rowe mixed-use development.

The financially troubled development is in the middle of a transition. KeyBank National Association bought Perkins Rowe at a foreclosure sale in August, with an assumption being the property will be sold soon to an outside buyer.

Perkins Rowe has nearly 365,000 square feet of retail space and 126,000 square feet of Class A office space, along with apartments and condominiums. The occupancy rate in the development isn’t known; Donna Taylor, with Covington-based Stirling, said the company is gathering information about Perkins Rowe.