New Stores Coming to Phase II of Fremaux Town Center in Slidell, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. (NYSE: CBL) officially announce twelve additional new tenants coming to Fremaux Town Center in Slidell, Louisiana. Anchored by a 128,000 square-foot Dillard’s, the second phase of this development will include approximately 285,000 square feet of additional retail space, including previously announced tenants Red Robin, Zales, Francesca’s and Aveda. Construction is moving along as scheduled with a planned opening of Phase II this October.
Joining the previously announced tenants are:
- Off Broadway Shoe Warehouse – 17,024 Square Feet
- Forever 21 Red – 16,900 Square Feet
- Pier 1 Imports – 9,000 Square Feet
- Victoria’s Secret – 7,226 Square Feet
- Buckle – 5,000 Square Feet
- Charlotte Russe – 5,000 Square Feet
- LOFT – 4,905 Square Feet
- Bath & Body Works – 3,090 Square Feet
- Torrid – 2,800 Square Feet
- Journeys – 2,175 Square Feet
- Claire’s – 1,204 Square Feet
- Which Wich – 1,267 Square Feet
Currently 100% leased and occupied, Phase I of Fremaux Town Center opened in March 2014 with approximately 350,000 square feet of retail anchored by Dick’s Sporting Goods, Michaels, T.J.Maxx, Kohl’s and LA Fitness. Located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Fremaux Town Center will be roughly 635,000 square feet upon completion. With its interstate location and high-visibility, Fremaux Town Center is expected to become a regional shopping destination.
For leasing information, please contact Ryan Pecot at 337-572-0246 or email at rpecot@stirlingprop.com; Rodney Gordon at 423-553-8704 or email at rodney_gordon@cblproperties.com or Tim Gilmore at 423-490-8358 or email at tim_gilmore@cblproperties.com.
Stirling Properties’ Commercial Agents among Top Producers at Annual NOMAR CID Awards Ceremony
Stirling Properties’ commercial agents were honored during the New Orleans Metropolitan Association of Realtors Commercial Investment Division’s 22nd annual awards banquet held Wednesday, April 22, 2015 at GW Fins.
Leading the way was Rhonda Sharkawy, who received the F. Poche Waguespack Award for having the highest volume of sales and leases in the marketplace for the year. This is her fifth consecutive year to receive this honor and one of only a handful of women to achieve it since it was created back in 1964. Ms. Sharkawy was also awarded with Overall Top Retail Producer, Top Landlord Retail Lease and Most Transactions. Gaines Seaman received the Overall Top Office Producer Award and the Top Landlord Office Lease. Joe Gardner, Ms. Sharkawy and Mr. Seaman were also among Achievement Award recipients. Stirling Properties received 1st Place and 3rd Place for the Largest Transaction Award.
Stirling Properties Ranks Among Top 10 Commercial Real Estate Firms in Alabama
Business Alabama recently published their 2015 Top Rank issue and I am happy to report that just a year and a half after opening our first office in Mobile, Alabama, Stirling Properties is ranked among the Top 10 Commercial Real Estate Firms in the State of Alabama.
Since establishing our Mobile office in October 2013, we have worked tirelessly to expand our presence throughout Alabama and eastward into the Florida market. Here are a few highlights:
- CEO Marty Mayer delivered last year’s ACREcon keynote address, introducing Stirling Properties and highlighting the rise of the Gulf Coast.
- We acquired John Toomey & Company, Inc., a commercial real estate company in Mobile with over 20 years’ experience, integrating 1.8 million square feet into our existing managed and leased portfolio.
- Just last month, we relocated our Mobile office into a larger 5,100 square-foot space at One St. Louis Centre in downtown Mobile, a building we also manage and lease.
- At the end of 2014, we opened a new office in Pensacola, Florida, in SunTrust Tower, an office building we also manage and lease.
- In the beginning of this month, we were awarded a contract for leasing and property management of Santa Rosa Mall in Mary Esther/Fort Walton Beach, Florida.
We now total over 2.5 million square-feet of managed properties and 34 employees/brokers in Alabama and Florida – in just a year and a half. I am extremely proud of our latest Alabama ranking and, most importantly, what the Stirling Team has accomplished in the Alabama and Florida markets over this short time frame. We are strongly committed to serving the entire Gulf South and look forward to serving our clients throughout Alabama and Florida from our Mobile, Pensacola and Mary Esther/Fort Walton Beach offices.
Stay tuned for another exciting announcement in the next few weeks!
Stirling Properties and CBL & Associates Properties, Inc. Celebrate Groundbreaking of Ambassador Town Center in Lafayette, Louisiana
Earlier today Stirling Properties, CBL & Associates Properties, Inc. (NYSE: CBL), City/Parish President Joey Durel and other dignitaries commemorated the groundbreaking of Ambassador Town Center, an approximately 425,000 square-foot shopping center anchored by Costco Wholesale. Other major retailers include, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, Off Broadway Shoes, Chuy’s, Panera Bread, Freddy’s Frozen Custard & Steakburgers, BJ’s Restaurant & Brewhouse, World of Beer and Blaze Pizza. Most of the retailers committed to the project are either first-time locations within Lafayette or Louisiana, or both. The 58-acre site is located at the corner of Ambassador Caffery Parkway and Kaliste Saloom Road. Construction began this month with a projected opening of March 2016.
“Stirling Properties is excited about our partnership with CBL to develop Ambassador Town Center and believes that this joint venture brings the best possible team together to build this project,” said Stirling Properties’ Senior Vice President of Development Townsend Underhill. “We know this site to be an excellent location for a retail development in this market and we are happy to continue our long and successful development history in the City of Lafayette.”
“Ambassador Town Center is well-located and has attracted a best-in-class retail line-up even before construction commenced,” said Michael Lebovitz, CBL’s Executive Vice President – Development and Administration. “We are pleased to partner with Stirling Properties on this project and are looking forward to announcing additional retailers as the development progresses.”
Ambassador Town Center is expected to create approximately 2,200 construction jobs, 1,000 permanent jobs and generate nearly $9 million annually in sales taxes for the City of Lafayette.
“This project is a sign of Lafayette’s strong economy and our willingness to work with the private sector for needed infrastructure in our community,” stated Joey Durel, Lafayette City-Parish President. “Retailers like those that have committed will be a regional draw for Lafayette, and the public infrastructure that will be built with this project, providing a route parallel to Ambassador Caffery, is necessary for one of the fastest growing areas in the state of Louisiana. Companies make decisions on where to locate based on long-term projections. This decision says that they have confidence in the future of our area.”
“This investment is a reflection of Lafayette’s economic strength and success over the past 15 years. It’s undeniable that entertainment sector, including retail, is one of the pillars of Lafayette’s economic base. Entertainment contributed $2.4 billion to Lafayette’s GDP in 2012; and over the past 10 years the entertainment sector’s GDP has grown 62 percent,” states Gregg Gothreaux, President and CEO of Lafayette Economic Development Authority. “The Ambassador Town Center development will be a shopping destination, not only for local residents but for the region, magnifiying its economic impact.”
For leasing information, please contact: Ryan Pecot, 337.572.0246 or rpecot@stirlingprop.com, or Rodney Gordon, 423.553.8704 or rodney.gordon@cblproperties.com.
Stirling Properties Expands Asset Management Team
Stirling Properties is excited to announce two additions to its growing Asset Management Division. Charles Barclay joins Stirling Properties as Assistant Asset Manager on a variety of retail and office properties in the Greater New Orleans area. Mr. Barclay’s office is in the company’s Corporate Headquarters at 109 Northpark Boulevard, Suite 300 in Covington, Louisiana. Before moving to New Orleans, Mr. Barclay worked for CW Capital Asset Management in Bethesda, Maryland where he was involved in the management of over $500 million of REO multifamily assets across the United States. He is a 2009 graduate of the University of Maryland. Ryan Juneau, Project Manager with Stirling Properties since 2013, will transfer from the Development team to Asset Management. His transition to Assistant Asset Manager will occur over the next several months as he completes several of his development assignments. Mr. Juneau has worked as project manager on MacArthur Village, Perkins Row, Ambassador Town Center, River Chase and the Hornbeck Offshore office renovation at Northpark Corporate Center II, amongst others. These projects cover retail, office, multi-family, and infrastructure development. Mr. Juneau earned a Masters of Business Administration from Louisiana State University and currently resides in Baton Rouge.
Stirling Properties Celebrates Team Members at Annual Stirling Honors Event
Stirling Honors – 40 Year Toast
Stirling Properties officially celebrated the company’s 40th anniversary during Stirling Honors, an annual event to celebrate the Stirling Team. On Thursday, March 19th, the company hosted a Commercial Celebration Dinner to honor Commercial Agents and to award Commercial Production Awards. On Friday, March 20th, Stirling Properties hosted the Stirling Honors meeting and recognition luncheon, a day to honor the hard work and dedication of the entire Stirling Team and to award Service Awards. Both events were held at Harrah’s Hotel in New Orleans. Commercial Award recipients received recognition for Bronze, Silver, Platinum, Diamond and Ruby production levels based on individual Adjusted Gross Commission figures for 2014. This was the first time in Stirling Properties’ history that four agents reached Ruby Level status in the same year. Special recognition was given to Ryan Pecot, Senior Leasing Executive in the Lafayette office, for being the Top Agent in 2014.
Ruby Award 2014:
Diamond Award 2014:
Platinum Award 2014:
Silver Award 2014:
Bronze Award 2014:
Also recognized were employees and agents who achieved special anniversaries with the company. Service Awards were given to 5, 10, 15, 25 and 30 year milestones. 30 Years: Sharon Amacker – Covington, LA Office Donna Taylor – Covington, LA Office 25 Years: Jeff Marshall – Covington, LA Office Rick Skelding – New Orleans, LA Office Monica Milazzo – Covington, LA Office Dottie Tarleton – Baton Rouge, LA Office 15 Years: James Hutchinson – Baton Rouge, LA Office James Bennett – Covington, LA Office Joe Kramer – Covington, LA Office 10 Years: Roslyn Pellegrin – Covington, LA Office Mark Salvetti – Covington, LA Office Tracy Gandy – Covington, LA Office 5 Years: Jessica Zeringue – Covington, LA Office Rick Pomerenke – Lafayette, LA Office Phillip Perkins – Baton Rouge, LA Office Jim Short – Baton Rouge, LA Office Kathy McGoey – Covington, LA Office
