Stirling Properties and CBL & Associates Properties, Inc. Announce New Tenants and Updates to Phase II of Fremaux Town Center in Slidell, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. are excited to announce new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.
- Recently leased Books-A-Million will be moving from its current location at Northshore Square Mall to occupy a 7,500-square-foot space at Fremaux Town Center and is expected to open on March 3rd.
- Allure Nail Spa, a 1,944-square-foot nail salon will open in the spring of 2016.
- LensCrafters, providing prescription eyewear and sunglasses, will occupy 3,830 square feet and will open in the spring 2016.
- 5 Below discount store will occupy 8,024 square feet and is expected to open April 6th.
Previously announced Pier 1 Imports will open March 21st and Capital One on March 28th. Aveda and Goodyear are expected to open in the spring of 2016, with Chico’s opening in the third quarter. Tesla Motors has completed their installation of 8 charging stations.
Phase II tenants currently open and operating include Red Robin, Zales, Francesca’s, Off Broadway Shoe Warehouse, Victoria’s Secret, Buckle, Charlotte Russe, LOFT, Bath & Body Works, Journeys, Claire’s and Which Wich.
“Stirling Properties is thrilled to add even more great retail and restaurant options that will further solidify Fremaux Town Center as a premier regional shopping and entertainment destination, as well as a vital economic contributor to the area,” said Senior Vice President of Development Townsend Underhill. “Fremaux Town Center offers a one-of-a-kind retail experience in the City of Slidell and St. Tammany Parish, with many retailers and restaurants that are new to the Northshore.”
Fremaux Town Center is located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana near the city of New Orleans.
The first phase of construction for Fremaux Town Center included roughly 350,000 square feet of retail anchored by Dick’s Sporting Goods, Kohl’s and Best Buy. Phase II, anchored by Dillard’s, celebrated its grand opening late last year and added roughly 283,000 square feet to the existing shopping center. Following the opening of Phase II, a large portion of tenants reported increased foot traffic and sales.
More than 47 retail outlets and restaurants are currently operating in the center. Junior anchors include TJ Maxx, Michael’s and PetSmart. Outparcels include Longhorn Steakhouse and Cheddars, with several outparcel opportunities still available. A variety of spaces exist for small shops and junior anchors to benefit from the opportunities these national anchors and high traffic counts present.
Construction continues on Springs at Fremaux Town Center, a 296-unit apartment complex, and is on track to be 100% completed in March with residency available. Additionally, two sites are under contract to hotel developers, and construction should start in the second quarter of 2016.
For leasing information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Tim Gilmore at 423.490.8358 / Tim.Gilmore@cblproperties.com. For more information regarding our services, please visit us at www.stirlingproperties.com. For information on Fremaux Town Center, visit www.fremauxtowncenter.com.
Stirling Properties Announces Recent Transactions in Mobile, Alabama
Welcomes new tenants to Bel Air Office Tower
Stirling Properties commercial real estate company announces two new tenants and one renewal at Bel Air Office Tower in Mobile, Alabama.
- Alabama Department of Revenue, occupying 26,030 square feet for a 15-year lease term, with anticipated opening date in summer of 2016.
- Bankers Life and Casualty Co., offering life insurance and retirement planning services, will occupy 4,399 square feet for a 5-year lease term and is expected to open in March 2016.
- Walker Jewelers, a fine jewelry retailer occupying 1,722 square feet, has renewed its lease for a 3-year term.
Bel Air Office Tower is located at 851 I-65 Service Road in Mobile, Alabama. Stirling Properties worked on behalf of the owner in cooperation with Cushman & Wakefield/EGS Commercial Real Estate for all of the listed transactions. For more information, please contact Jason Scott, Senior Sales and Leasing Executive with Stirling Properties in Mobile.
Stirling Properties is located in One St. Louis Centre, 1 St. Louis Street, Suite 4100 in Mobile. For more information regarding our services, please visit us at www.stirlingproperties.com.
Stirling Properties Announces New Tenants to Offices at Mid-City Market in New Orleans
Stirling Properties is pleased to announce new tenants Sola Salon and Billes Partners to the Offices at Mid-City Market in New Orleans, Louisiana.
Billes Partners–a planning, project development, architecture, interior design, and graphic design firm–will occupy roughly 3,000 square feet and plans to open by early-March 2016.
Sola Salon Studios, a 4,295-square-foot franchise hair salon plans to open this summer.
Previously announced Gallo Mechanical, LLC and Orangetheory Fitness are currently open and operating. Exceptional Dental and H-3 Aesthetics & Dermatology are on track to open this spring.
A formal ribbon cutting ceremony is being planned and will be announced in the near future.
Offices at Mid-City Market, is a 54,000 square foot, mixed-use complex in the burgeoning Mid-City neighborhood of New Orleans. Located adjacent to Stirling’s recently completed Mid-City Market development, this building was originally constructed in 1954 and was most recently the home of Loubat Foodservice Equipment Company. Throughout the course of this development, Stirling Properties has maintained the historic integrity of the existing structure while renovating the interior into a combination of office and retail space and consequently brought a prominent neighborhood building back into commerce.
For more information and leasing opportunities for Offices at Mid-City Market, contact Joe Gardner at jgardner@stirlingprop.com or 504-620-8140.
Stirling Properties Names Saban Sellers As Sales and Leasing Executive
Stirling Properties is pleased to announce Saban Sellers as Sales and Leasing Executive for its Commercial Brokerage Division in New Orleans, Louisiana. Sellers will work from the company’s New Orleans Office located at 615 Baronne Street, Ste 100.
Prior to joining Stirling Properties, Sellers began his career in commercial real estate in 2014 working for NAI Latter & Blum out of Baton Rouge.
Sellers graduated from Louisiana State University’s E.J. Ourso College of Business with a Bachelor of Science in Finance. During his college tenure, Sellers was a member of the LSU Lacrosse team where he also took a position on the team’s Board of Directors as Treasurer.
Sellers can be reached at 504.620.8122 or ssellers@stirlingprop.com.
Stirling Properties Announces Largest Retail Acquisition in Company History
Stirling Properties is pleased to announce the purchase of Turtle Creek Crossing shopping center in Hattiesburg, Mississippi, on Friday January 22nd, 2016, at a purchase price of $48.1 million. Turtle Creek Crossing is the largest retail acquisition by Stirling Properties in its 40-year history.
Completed in 2007, the 295,000-square-foot shopping center is located on US Highway 98 in Hattiesburg adjacent to Turtle Creek Mall, and shares a lighted intersection with Sam’s and Walmart Supercenter. Anchor tenants include Ashley Furniture, Bed Bath & Beyond, Ross Dress for Less, Old Navy, Books-A-Million and PetSmart. Shadow anchors include Academy, Target and Kohl’s.
“Located in the markets’ dominant retail corridor, this center is very similar to several others that Stirling Properties has developed over the past 15 years,” said Jeffrey Marshall, Senior Vice President – Acquisitions/Finance with Stirling Properties. “We are confident that Turtle Creek Crossing will perform well for many years to come, and provide top-notch shopping, retail and economic opportunities to the area.”
Stirling Properties is one of the most diversified full-service commercial real estate companies in the country offering Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types.
In 2010, Stirling Properties strategically focused our attention toward commercial property acquisition and creating opportunities to return-driven investors seeking to put capital into real, tangible property across the Gulf South.
“We identify assets—such as Turtle Creek Crossing—that offer stabilized current risk-adjusted returns where we can add value to improve performance. Our proven track record in acquisitions, and our in-depth understanding of market dynamics along with the positioning of assets within the market, enables us to create opportunities that others cannot,” concludes Marshall. “We are excited and optimistic—not just for Turtle Creek Crossing—but about the future growth of Hattiesburg and the entire South Mississippi region.”
For more information regarding our services, please visit us at www.stirlingproperties.com.
2015: A Big Year for Pensacola
With Stirling Properties’ having an office in Pensacola for just over a year now, I can say it is exciting to experience first-hand the revitalization of downtown Pensacola and the economic energy happening along Florida’s “western gate”. 2015 was a vital year for economic development, job creation and community vitality in Pensacola, Florida.
The most significant single event that is shaping the future of Pensacola’s economy, by creating the most jobs and bringing in the largest investment, is Navy Federal Credit Union’s $850 million two-phase expansion of its Pensacola Campus. Phase 1 of the expansion began in early 2015, and both buildings are expected to be ready for occupancy in June 2016. These buildings will house an additional 2,000 employees. Phase 2’s ground breaking is expected to begin in November 2016 and will bring an additional 5,000 work stations. By 2020, the Pensacola campus will total 2 million square feet of space and $1 billion in capital investment; employing 10,000 people.
Downtown Pensacola saw several major projects that either began or were completed in 2015.
- One Palafox Place is a complete renovation of historic Brent and Blount Buildings. The restoration and redevelopment will transform it into a new live, work play community.
- The Pensacola News Journal building at 101 E. Romana Street was demolished and construction for a $51 million, 260-unit apartment and retail building will begin in early 2016.
- Adjacent to the apartments is a new 52,000 square foot, $15 million YMCA that will be competed in late 2016.
- The Florida Institute for Human and Machine Cognition’s Alcaniz Street headquarters will be ready in March 2016. This expansion will take their office and workspace to 30,000 square feet.
- One51 Main at the Community Maritime Park is complete and ready for occupancy. This 27,000 square foot, mixed-use development on Pensacola Bay will house office, retail and condominium space.
- A 100-room Holiday Inn Express located on Main Street is under construction and will open in late 2016 or early 2017.
The Bluffs, an industrial park near Cantonment, Florida, will host up to 60 individual industrial sites and bring 5,000 new jobs.
A contract with VT Mobile Aerospace to build a $38 million aircraft maintenance and overhaul facility at Pensacola International Airport is setting Pensacola up as an aerospace hotspot. The large hanger facility will begin construction during the second half of 2016 and is expected to create 300 jobs.
Hosted by the University of West Florida’s Center for Entrepreneurship, EntreCon, a two-day conference for entrepreneurs at the Rex Theater, was successfully launched in November 2015. Over 225 people attended and EntreCon 2016 is already scheduled for November.
2016 brings big economic growth opportunities in entrepreneurship, cybersecurity and aviation. I can’t wait to see what else is in store for Pensacola in 2016.
