Ochsner LSU Health Shreveport Announces Plans for Former Christus Schumpert Hospital Site
Stirling Properties to handle project management, leasing and property management of the project.
Ochsner LSU Health Shreveport recently announced a major renovation and opening of a new healthcare facility at Margaret Place Properties located at 1 Saint Mary Place in Shreveport, Louisiana. The 860,000-square-foot property is the former Christus Schumpert Hospital site that mostly shuttered in September of 2013. It includes the hospital, several medical office buildings and a parking garage.
Stirling Properties is working in partnership with a joint venture between Ochsner and LSU Health Shreveport to manage the rehab construction, assist with leasing of the medical space and handle daily management of the property. In this role, Stirling Properties is responsible for plant operations and maintenance, space planning, working to identify best uses and future resources for the campus and will serve as the on-site property management and leasing office.
Ambulatory Surgery Center Rendering by WHLC Architects
The new healthcare campus will offer state-of-the-art patient care through multiple clinics, operating rooms, and laboratory and diagnostic imaging services (follow the link for more details on anticipated services). It will open in phases throughout 2019, with the first clinic scheduled to open in May.
Plans for further expansion by Ochsner LSU Health Shreveport in the Margaret Place campus are underway with additional project announcements forthcoming.
“Stirling Properties is proud to be a part of this significant project with Ochsner LSU Health Shreveport, and to help put this building back into commerce to serve the Shreveport-Bossier community,” said Townsend Underhill, President of Development with Stirling Properties. “The demand for healthcare real estate services is strong in the Gulf South market as local healthcare providers focus on improved customer experience and more efficient operations. We anticipate this trend to continue and we are working closely with our clients to provide strategic real estate services.”
Stirling Properties is thankful for its continued partnerships with Ochsner. The two companies have previously worked together on the recently constructed $100+ million Ochsner Medical Complex – High Grove development in Baton Rouge, an Ochsner rehabilitation hospital on Ochsner’s Main Campus West in Jefferson, the state-of-the-art Emergency Department and Imaging Center in LaPlace, Louisiana, as well as working to put the former Louisiana Heart Hospital in Lacombe back into commerce.
For leasing information on Ochsner LSU Health Shreveport, contact Krystal Atkins with Stirling Properties at katkins@stirlingprop.com or (318) 401-7865.
Stirling Properties Welcomes Mike Rayburn as Sales & Leasing Executive
Stirling Properties commercial real estate company is pleased to welcome Mike Rayburn as Sales & Leasing Executive for its Commercial Brokerage Division. He will work from the company’s Baton Rouge office located at 8550 United Plaza Boulevard, Suite 303. This marks Rayburn’s second stint with Stirling Properties, having worked for the company from 1988 to 1994.
Rayburn brings more than 30 years of successful commercial real estate experience with various transaction types, including the sales and leasing of retail and office properties, new developments and redeveloped properties.
He has extensive capability working in a transactional and advisory capacity for a broad range of national, regional and local clients, private portfolio owners and managers, and investors.
From market research and site selection to identifying opportunities and value-add for problem properties, Rayburn has a strong background in forecasting goals, strategy development, and implementation necessary to grow and maintain revenue stream and asset life for clients.
Prior to joining Stirling Properties, Rayburn served as Senior Leasing Representative with Commercial Properties Realty Trust in Baton Rouge, the for-profit arm of Baton Rouge Area Foundation (BRAF). In this role, he worked on commercial real estate ventures that created long-term value and impact for the Capitol Region. He was part of the team that facilitated notable revitalization projects such as Bon Carré retail redevelopment, Acadian Village—home of Louisiana’s first Trader Joe’s, the Hilton Capitol Center, and the IBM Service Center, just to name a few.
Rayburn is an active member in the Commercial Investment Division (CID) of the Greater Baton Rouge Association of Realtors and the International Council of Shopping Centers (ICSC).
Mike Rayburn can be reached at (225) 329-0277 or mrayburn@stirlingprop.com.
Club 4 Fitness continues to flex its muscle across the Gulf South
Club 4 Fitness continues a rapid expansion effort across the Gulf South region with the addition of four new locations in Alabama and Louisiana. Justin Toomey, Broker Associate with Stirling Properties, and Kenneth Herring, Broker with Kerioth Corporation, worked with the all-inclusive fitness facility to identify and secure the latest retail locations.
Club 4 Fitness will occupy 47,061 square feet of retail space in McGregor Square located at 3930 Airport Blvd in Mobile, Alabama, and plans to open in the second quarter of 2019. Buff Teague and Leigh Dale Younce with JLL represented the landlord at McGregor Square.
The Club is also leasing 26,500 square feet of space in Wildwood Center located at 265 Lakeshore Parkway and 30,187 square feet at Brook Highland Plaza in Birmingham, Alabama, as well as 33,387 square feet at Country Club Plaza in Slidell, Louisiana. These three locations are expected to open in the fourth quarter of 2019 or early 2020.
The company currently has 14 fitness facilities operating or coming soon throughout Louisiana, Mississippi and Alabama, with more on the way. Plans are in place for an aggressive expansion effort across the southeastern region over the next few years.
“Stirling Properties is proud to work with Club 4 Fitness to bring its quality fitness concept to our local markets in the Gulf South,” said Toomey. “As consumers continue to prioritize health, the fitness industry is growing faster than it has ever before—a trend creating significant opportunity for the commercial real estate sector and property owners trying to backfill empty retail space.”
Fitness and health clubs have morphed into a more than $30-billion-a-year industry in the U.S., with growth by at least 3-4% annually for the last ten years. According to research, there are currently more than 36,000 health and fitness facilities across the country boasting more than 60 million members.
Spending in health clubs is growing
(Compiled data from ICSC)
“We anticipate these numbers to grow even more—possibly double over the next 10-15 years—further signifying a very successful future for Club 4 Fitness and other fitness facilities,” said Toomey.
For leasing information, contact Justin Toomey at jbtoomey@stirlingprop.com or (251) 342-7229.
Stirling Properties Welcomes Walk-On’s Bistreaux & Bar to Fremaux Town Center in Slidell
Walk-On’s Bistreaux & Bar at River Chase in Covington
Stirling Properties and CBL Properties are pleased to announce that Walk-On’s Bistreaux & Bar is coming to Fremaux Town Center mixed-use development in Slidell, Louisiana. This marks the 2nd Northshore location for the award-winning, family-friendly restaurant and bar.
DBMC Restaurants, dba Walk-On’s Bistreaux & Bar, recently closed on the purchase of 1.5 acres of property located at the corner of Fremaux Avenue and Town Center Parkway, near the entrance to the retail center. Construction on the site began last month. The restaurant will occupy approximately 8,000 square feet of space and is expected to open in June of 2019. DBMC Restaurants is a veteran restaurant group that currently operates three restaurant brands across six states. It is one of the largest franchisees of Walk-On’s with growth plans to add four more restaurant locations this year.
“Although we have a broad reach across the South, we strive to keep a small company culture—and being based out of Baton Rouge, we are very excited to open this Walk-On’s in our backyard,” said Jason Gisclair, President of DBMC Restaurants. “Walk-On’s Bistreaux & Bar is a great brand with Louisiana roots and a Louisiana inspired menu, making it a perfect fit for the Slidell area. We look forward to becoming part of Fremaux Town Center and the local community.”
Stirling Properties’ Senior Sales & Leasing Executive, Ryan Pecot, represented the property owners in the sale. Tommy Vervaeke of Carlton & Associates Real Estate worked with Walk-On’s to secure the location.
The popular sports-themed restaurant started by two LSU students in Baton Rouge has thrived over the years and expanded into multiple locations with another 100 locations in the works across 15 states. Currently, there are 17 Walk-On’s franchises operating in Louisiana. This marks the 2nd location for the Northshore area, with the first opening at Stirling Properties’ River Chase development in Covington.
“Stirling Properties is excited to welcome Walk-On’s Bistreaux & Bar to Fremaux Town Center and the Slidell community,” said Townsend Underhill, President of Development with Stirling Properties. “We have worked with this operator in the past, and we know what a great group of community-oriented people they are. Walk On’s will be a great addition to our Fremaux Town Center development and will further enhance the dynamic restaurant and retail assortment for our area.”
Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s, and Best Buy, is part of the roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. The retail center includes more than 640,000 square feet of shopping and restaurant options, and is jointly owned and operated by CBL and Stirling Properties. The adjoining Fremaux Park includes Retreat at Fremaux Town Center luxury residential apartment units, Springhill Suites by Marriott (soon under construction), Saltgrass Steak House (coming soon), and the recently announced Dana Inc. Service & Assembly Center. Additional phases are coming soon with added residential, retail, industrial and office park.
For leasing information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Michael Oswald at 423.490.8272 / mike.oswald@cblproperties.com.
Stirling Properties Announces New Tenants for Cornerview Plaza in Gonzales, LA
Redevelopment of former Kmart into multi-tenant retail center.
Stirling Properties commercial real estate company announces and welcomes new tenants to Cornerview Plaza retail center located at the corner of Airline Highway and Cornerview Street in Gonzales, Louisiana.
Marshalls, ULTA Beauty, Ross Dress for Less, Five Below and Aspen Dental will join the tenant lineup at Cornerview Plaza. The new retailers join AT&T, and anchor-tenant Rouse’s Market.
Ryan Pécot, Senior Retail Leasing & Development Executive with Stirling Properties, worked on behalf of the landlord in securing the tenants for the center.
Marshalls, ULTA Beauty, Ross Dress for Less and Five Below will backfill the 40-year-old, 86,000-square-foot former Kmart space into a fully renovated, upscale retail center. A 3,500-square-foot outparcel building is also being constructed on the property for Aspen Dental. Stirling Properties serves as the Asset Manager and exclusive leasing agent of the property, and is overseeing the redevelopment project. The company will also continue daily property management operations following completion.
Construction on the site has commenced. Upon completion of the redevelopment project, Cornerview Plaza will include nearly 124,000 square feet of total retail space.
“Stirling Properties is pleased to be a part of the redevelopment of Cornerview Plaza and to officially welcome these highly anticipated tenants to the Gonzales market,” said Grady Brame, Executive Vice President with Stirling Properties. “We are excited to work with the property owner to move this project forward and reestablish Cornerview as a major shopping destination for the surrounding Ascension community.”
“Cornerview Plaza is ideally situated in the heart of Gonzales’s primary retail corridor, drawing shoppers from numerous surrounding communities. This center offers great visibility and foot traffic for tenants—which helped us to secure these national retailers. Ross, Marshalls, ULTA and Five Below all have locations in nearby Baton Rouge, proving that this is a thriving multi-store region that can support high retail demand,” said Pécot.
For leasing information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com.
Stirling Properties Mobile Office Market Survey 2018
Stirling Properties is pleased to release our
Mobile Office Market Survey for 2018.
The assessment—compiled by Jill Meeks and Jack Conger, Sales & Leasing Executives with Stirling Properties—reiterates the continued growth rate of the Mobile area, particularly among the industrial sector. The office segment remains stable, with office investment activity for both the Central Business District (CBD) and West Mobile attracting attention. However, many new prospects are eyeing our region, and we anticipate a considerable increase in occupancy over the coming years.
Additionally, we are seeing the conversion of numerous historic buildings into new uses, such as retail and office space, which is another strong indicator of increased occupancy. Although many existing office buildings in Mobile are mature properties, owners who update or consider innovative uses for their assets may experience increased leasing activity and improved tenant retention.
These are exciting times for Mobile indeed! Companies, business leaders, and individuals with vision, who embrace the ability to adapt to changing times, will help to keep this momentum going! We say, “Let the good times roll!” Happy New Year and Happy Mardi Gras to all!
Click here to view and download the complete 2018 Mobile Office Market Survey.
Please contact Stirling Properties or one of our team members for any questions or comments.
We appreciate the information provided by all of the various property owners, leasing agents and other individuals that makes this survey possible. Thank you.
