Excitement Grows As The Fort Moves To Completion
Congratulations to Angie McArthur & Jeff Barnes, leasing agents with Stirling Properties, on the launch of the new container park in Spanish Fort Town Center!
Stirling Properties is so excited, we can’t CONTAIN it! The Fort, a new container park coming to Spanish Fort Town Center, is 100% leased and on-track to open in December. An official opening date and grand opening festivities will be announced soon.
Upon completion, The Fort will consist of approximately eight shipping containers that will be repurposed and transformed into functioning restaurants and shops, and will share a common open-air environment where patrons can sit and dine.
All tenants in the container park have been secured, including Beakers Coffee/Sno Biz, Blues Burger, Deuce Coop, Dickey’s Barbeque Pit, Dragonfly Taco Bar, Happy Pizza, Soul Bowlz, and Tap Station. There will also be a retailer on-site stocked with “The Fort” official merchandise.
Last month, The Spanish Fort City Council approved the new development as an entertainment district, allowing patrons over the age of 21 to openly carry alcoholic beverages outdoors. This is a significant designation for The Fort, making it easier for visitors to move freely through the shared space of restaurants and shops.
Property owners, Dallas-based Cypress Equities, broke ground on the container park in September and the containers arrived on site in October. The Fort was initially expected to open in November of 2018, but construction delays due to inclement weather have pushed the opening back to December.
Angie McArthur, Broker Associate, and Jeff Barnes, Senior Investment Advisor/Broker Associate with Stirling Properties, serve as the leasing team for Cypress Equities and have been working with the overall Spanish Fort Town Center project since 2015.
“The addition of such an innovative concept has already created a new wave of energy and anticipation for Spanish Fort Town Center,” said McArthur. “And all of the excitement around The Fort has translated to new leases within the retail center. It’s thrilling to see the momentum of this project moving into the new year—and as a result, we look forward to welcoming new tenants to the space very soon!”
Spanish Fort Town Center, anchored by Bass Pro Shops, Kohl’s, and JCPenney, is a 230-acre premier master-planned development located at the intersection of Interstate 10 and U.S. Highway 98 in Baldwin County. The center includes 450,000 square feet of retail and restaurant space, an apartment community, hotels, banks, and entertainment options.
Over the last year, Stirling Properties has helped to successfully secure more than 44,000 square feet of new leases for the retail center, adding Urban Air Trampoline and Adventure Park, Beauty World (currently under construction next to Kohl’s), Direct Furniture, Oishi Japanese Bar & Grill, and Tots2Teens Fun Salon to the diverse tenant lineup. McArthur and Barnes are also currently in negotiations with various retailers that will add another 30,000 square feet of shopping and dining options to the center.
In conjunction with the new container park, Spanish Fort Town Center is also launching “The Village,” a unique boutique retail concept that will consist of small and specialty shops such as food options, fitness providers, clothing, gifts, candles, accessories, and salon services. Spanish Fort Village will deliver a pedestrian- and family-friendly, urban environment unlike anything else in the market area. Leasing for space is currently underway. These units are located across from Urban Air Trampoline and Adventure Park and The Fort.
For Spanish Fort Town Center leasing & sales information, contact Jeff Barnes, CCIM, at (251) 375-2496 / jbarnes@stirlingprop.com or Angie McArthur at (251) 375-2481 / amcarthur@stirlingprop.com.
Come Celebrate Christmas at the Square!
Tis’ the season to celebrate! Join us at Hammond Square for the 6th Annual Christmas at the Square celebration in Hammond, Louisiana, on Saturday, December 8th from 10am-12pm. This FREE event is open to the public and a holly jolly time for all ages!
Santa and Mrs. Claus will be in attendance to help spread the holiday cheer. The celebration will feature a petting zoo, pony rides, face painting, a caricature artist, a live radio remote with Cajun 107.1 and more.
During the event, Hammond Square will also be collecting personal care items for Our Friends Closet, a community based nonprofit organization that provides hygiene and personal care products to low income, homeless and unaccompanied students in need. Please help us make the holidays special for middle and high school students in Tangipahoa Parish by donating items such as toothbrushes, toothpaste, body wash, feminine products, laundry pods, face wipes, socks and more. Stop by Our Friends Closet’s booth to drop your items during the event!
So come out and celebrate Christmas at the Square with us…and Santa Claus! While you’re there, don’t forget to visit Hammond Square’s great retail stores and restaurants for all your Christmas shopping and holiday needs.
Visit HammondSquare.com or “like” us on facebook.com/hammondsquare for a complete list of retailers and events.
Hammond Square and Stirling Properties Celebrate Grand Opening of Hammond Square Self Storage
Ribbon cutting ceremony held with community leaders.
Hammond Square, Stirling Properties, the Greater Hammond Chamber of Commerce, and Hammond area community leaders celebrated the Grand Opening of Hammond Square Self Storage. A formal ribbon-cutting ceremony was held with Hammond Mayor Pete Panepinto; Grady Brame, Executive Vice President with Stirling Properties; Jimmy Maurin, founder of Stirling Properties; and Julie Perise, Member Relations Director with Greater Hammond Chamber of Commerce. We would like to give a special thanks to Michael Brumfield, CEO of State Bank & Trust, who served as the lender for the project.
Pictured L to R: Grady Brame, Jimmy Maurin, Bobby Maurin, Mayor Pete Panepinto, Traci Hursey, Sara Simms, Townsend Underhill, Kyle Kent, Brian McLawchlin, Mac Bauer, Ginger Cangelosi, and Lindsey Palmer
Hammond Square Self Storage is a 93,902-square-foot self-storage facility located just off the corner of US Highway 51 (SW Railroad Avenue) and West Minnesota Park Road. The facility is comprised of 626 climate-controlled units and 15 RV / boat storage units, all with gated access. The 3-story building provides extra security and state-of-the-art amenities. Units are currently available for lease with sizes ranging from 5 x 5 feet to 10 x 30 feet. Stirling Properties developed the facility and will handle daily management.
Stirling Properties has been at the forefront of commercial real estate investment and development in Hammond and surrounding areas of Southeast Louisiana for more than 43 years. Tangipahoa Parish is experiencing significant growth, creating a high demand for self-storage services. Hammond Square Self Storage’s strategic location near Hammond Square retail center and I-12 will provide easy access and convenience for customers.
“We are thrilled to welcome everyone to Hammond Square Self Storage, Hammond’s newest storage facility. As you look around this impressive, state-of-the-art building, you can clearly see how far storage facilities have evolved. Hammond Square Self Storage will be a great amenity to serve the growing population of Tangipahoa Parish,” said Maurin.
“Stirling Properties is excited to officially celebrate the grand opening of Hammond Square Self Storage. This project was our first ground-up, climate-controlled storage development, and we are extremely proud of this facility,” said Brame. “We are grateful for the continued cooperation of the City of Hammond and other local area officials who helped us bring this to fruition. And we truly thank the residents of Hammond and surrounding areas of Tangipahoa Parish who support Hammond Square. We are confident that this new storage facility will be a great addition to the property.”
Stirling Properties also redeveloped the neighboring Hammond Square shopping center, located on the northwest corner of Interstate 12 and Hwy. 51 (SW Railroad Ave.) in Hammond, LA. It is the 2nd largest open-air retail center in Louisiana encompassing 902,000 square feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors, AMC Theatres, and Old Navy (coming soon).
For more information on Hammond Square Self Storage or leasing inquiries, visit www.hammondsquareselfstorage.com.
Retail Market Survey: Shreveport-Bossier City, LA
Stirling Properties releases its Shreveport-Bossier City Retail Market Survey for mid-year 2018.
According to the assessment—compiled by Stacy Odom and Karen McElroy, Broker Associates with Stirling Properties—the Shreveport–Bossier City retail sector is currently in the midst of a recovery phase. After experiencing a period of increased retail vacancy, the area is seeing the entry of new discount retailers, new-to-market retailers and food concepts, as well as multi-store operators gobbling up available inventory of second-generation space. Without notable new development in the market, this aids in decreasing vacancy rates, particularly among neighborhood shopping centers.
The retail market survey identified a total of fifty-seven (57) multi-tenant retail centers with a minimum of twenty thousand (20,000) square feet in Shreveport-Bossier City with 90% total occupancy as of mid-year 2018.
Looking to the future, the emergence of healthcare facilities in retail settings and the potential for mixed-use redevelopment projects backfilling big-box stores are both noteworthy national trends expected to influence the Shreveport-Bossier City market, possibly having an additional impact on retail space moving forward.
Click here to view and download the complete Shreveport-Bossier City Retail Market Survey.
This report is intended to give the reader a broad understanding of the market as well as specific information about the available square footage, occupancy and rental rates of each retail center greater than twenty thousand (20,000) square feet. It was created to be a resource for agents as well as tenants, landlords, developers, lenders, fellow brokers and anyone else looking for information about the Shreveport-Bossier City retail market.
Stirling Properties Expands Management Portfolio
Stirling Properties commercial real estate company has assumed the property management duties of Waterside Marketplace in Chesterfield Township, Michigan, as part of an ongoing partnership with PMAT Real Estate Investments.
Stirling Properties partnered with New Orleans-based PMAT to manage the company’s growing portfolio of shopping centers located across the Southeast, Sunbelt, Carolinas, Mid-Atlantic, and Midwest.
PMAT recently acquired Waterside Marketplace, a 291,231-square-foot retail center located at 50753 Waterside Drive in Chesterfield Township (Detroit MSA), at the southwest intersection of 23 Mile Road and Interstate 94. The multi-anchored center is 94% leased with a great mix of national tenants including Dick’s Sporting Goods, Best Buy, T.J.Maxx, Bed Bath & Beyond, ULTA Beauty, JOANN Fabrics & Crafts, and Old Navy. The center is also shadow-anchored by JCPenney and Lowe’s Home Improvement. Waterside Marketplace is the dominant regional shopping center within the growing Chesterfield Township trade area.
“Stirling Properties is pleased to welcome Waterside Marketplace to our growing management portfolio. This is a leading retail center that serves a large portion of Detroit’s suburban area around Chesterfield Township and performs very well in the market,” said Donna Taylor, Sr. Vice President of Asset Management & New Business with Stirling Properties. “We look forward to working with PMAT on the management and operations of the center to enhance it even more.”
Stirling Properties owns and manages more than 20 million square feet of commercial real estate, including office, retail, industrial, medical, residential, and mixed-use properties.
For asset management information, contact Donna Taylor at (985) 246-3758 or dtaylor@stirlingprop.com.
5.11 by Karl Malone coming to Metairie, Louisiana
“The Mailman” delivering purpose-built apparel and gear to local market.
5.11 by Karl Malone in Ruston, Louisiana
Stirling Properties commercial real estate company announced that 5.11 by Karl Malone retail store is coming to Lafreniere Plaza Shopping Center in Metairie, Louisiana. This is the second Louisiana retail location for the company.
5.11 by Karl Malone will offer men’s and women’s apparel and clothing, footwear, bags and packs, accessories, and professional gear by 5.11 Tactical, the world’s leading innovator of purpose-built gear. The global brand features superior tactical apparel and gear for law enforcement, first responders, tactical operators and recreational enthusiasts from head to toe.
NBA Hall-of-Famer Karl “The Mailman” Malone will operate the Metairie location. The store will encompass 5,070 square feet of retail space at 6601 Veterans Memorial Boulevard and plans to open by January of 2019. Malone also operates the only other Louisiana franchise in Ruston that opened late last year.
“We are excited to bring 5.11 purpose-built gear to the Metairie market and surrounding New Orleans area,” said Malone. “The 5.11 brand is built on the foundation of durability, quality and value. Our store will be well stocked with the perfect performance clothing and accessories for any professional or recreational mission.”
The FBI training academy adopted the original 5.11® pant as its training pant in 1992, forging a decades-long relationship that drives 5.11®’s commitment to public safety and the first responder community. The company began developing a more extensive law enforcement line in 2003 working with public safety professionals to create gear that meets the needs of real people in the field. In 2012, 5.11 expanded its women’s collection to include premium uniforms, covert clothing, fitness apparel and more. Today, 5.11® is expanding into the outdoor and fitness markets with products like the Vaporlite short and the ABR trainer.
Carly Plotkin, Sales and Leasing Executive with Stirling Properties, is the listing agent for Lafreniere Plaza Shopping Center. Karla Smith of CBRE represented 5.11 by Karl Malone in the lease transaction. The retailer will join co-tenants HomeGoods, T.J.Maxx, Sandro’s Trattoria, State Farm, Subway, Pickleberry Kids, and several others in the center.
For leasing information, contact Carly Plotkin at cplotkin@stirlingprop.com or (504) 620-8120.
