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.
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.
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.
Loft18 Coming to The Shops at Sawyer Yards in Houston, Texas
Stirling Properties serving as brokerage tenant rep in company expansion.
Loft18 Rendering
Stirling Properties commercial real estate company is pleased to announce that Loft18 indoor golf and entertainment complex is joining the tenant lineup at The Shops at Sawyer Yards in Houston, TX. Stirling Properties is serving as the brokerage representative for the company in its national expansion efforts.
Loft18, founded in New Orleans, Louisiana, is an innovative, interactive golf concept featuring custom-built, state-of-the-art Full Swing Golf simulators that showcase nearly 100 championship courses to deliver precision play at its finest for golfers of all experience levels. And for non-golfers, Loft18’s full-service bar and restaurant offers gastro-pub fare, craft beer and cocktails, and New Orleans’ famous service and hospitality.
This marks the second retail location for Loft18. It will occupy approximately 6,950 square feet of space located at 2313 Edwards Street on the western endcap of The Shops at Sawyer Yards. Buildout is underway, and it is expected to open in the summer of 2019.
The Shops at Sawyer Yards is a 40,000-square-foot urban redevelopment project located at the corner of Edwards and Sawyer Streets, in the heart of the Washington Avenue Arts District. The Shops at Sawyer Yards features creative office space, retail, and entertainment spaces for lease. Other tenants in the project include Sticky Chicken, Awesome Bites, Pokeology, Bayou City Smiles, Polish Parker & Roe, Local Pho, Poitín, Satori Salon, and Orangetheory Fitness.
Sawyer Yards in Houston, Texas
“After researching and scouting various locations, we decided to expand the Loft18 concept to The Shops at Sawyer Yards because of the unique property offerings and access to the growing local population,” said Greg Whitman, President/Owner of Loft18. “We are excited to open our doors next summer and to deliver the ultimate indoor golfing experience—complete with award-winning golf simulators and club-level dining and drinking—to the Houston area. Whether you like golf or not, you will have a good time at Loft18.”
The Loft18 concept came about four years ago by three long-time friends with backgrounds in hospitality, sales and entertainment and a fervent love for the game. Seeing a niche in the golf entertainment industry, the group opened its first location on Metairie Road in Metairie, Louisiana, a suburb of New Orleans last fall.
Now, the company is planning expansion in several major markets across the country, as well as developing external partnership opportunities in other areas such as Dallas, Nashville, Chicago and Atlanta to name a few.
Lauren Ryan and Thomas Bryan, Sales and Leasing Executives with Stirling Properties, represented Loft18 in securing the historic Houston location, along with Bruce Wallace and Radkey Jolink with CBRE out of Houston, TX.
“Stirling Properties is thrilled to represent Loft18 in their expansion efforts, and to help facilitate the process of identifying and establishing relationships with co-brokers in other markets to scout out the ideal locations for this exceptional company,” said Ryan. “Loft18 was the first locally-owned golf simulation and entertainment complex in the New Orleans area, and they are setting the course for a unique entertainment experience that will be highly successful in any market.”
For leasing information, please contact Lauren Ryan at lryan@stirlingprop.com / (504) 620-8124 or Thomas Bryan at tbryan@stirlingprop.com / (504) 620-8138.
Club 4 Fitness Expanding in the Gulf South
Image www.club4fitness.com
Stirling Properties is pleased to announce that Club4Fitness, an all-inclusive fitness facility, is expanding in the Gulf South market 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 Club to identify and secure the latest retail locations:
- The Club will occupy 20,000 square feet of retail space in Hillcrest Plaza located at 813 Hillcrest Road in Mobile, AL. Club 4 plans to open this facility first quarter of 2019. Cummings and Associates, Inc. represented the property owner in the lease transaction.
- In addition, the company is leasing 29,696 square feet of space in Schillinger Place located at 2502 South Schillinger Road in Mobile, AL. Angie McArthur with Stirling Properties represented the landlord in the transaction. Club 4 plans to open this facility in the first quarter of 2019.
- In Louisiana, The Club has recently secured a 27,805-square-foot retail space in Caffery Center located at 4510 Ambassador Caffery Parkway in Lafayette. Jarrett Adame with Realm Realty represented the landlord in this transaction. Club 4 plans to open this facility in the first quarter of 2019.
- The Club has also just secured a 30,907-square-foot retail space at The Pavilion Shopping Center in Kenner, Louisiana, and plans to open in the first quarter of 2019. John Moss with LA Retail represented the landlord in this transaction.
The Club offers a wide array of health and fitness equipment that allows members to achieve their health and fitness goals through regular exercise programs. From the building design to the variety of services, The Club offers a truly unique experience. With the mission of improving the physical, medical, spiritual and emotional health of local communities, Club 4 Fitness is excited to bring its concept to local markets.
Club 4 Fitness currently operates ten fitness clubs in Mississippi. This marks the 1st location for both Alabama and Louisiana.
For leasing information, contact Justin Toomey at jbtoomey@stirlingprop.com or (251) 342-7229.
Baton Rouge General Express Care and The Simple Greek Restaurant to Open in LSU’s Nicholson Gateway
LSU announced today that The Simple Greek restaurant and a Baton Rouge General Express Care clinic will fill two retail spaces in the university’s new Nicholson Gateway Development, the newly opened mixed-use development on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive.
The two tenants join anchor retailer Matherne’s Market, fast food restaurant Wendy’s, coffee café Starbucks, apparel store Private Stock and quick-service eatery Frutta Bowls in the roughly 50,000-square-foot retail component of Nicholson Gateway.
The Baton Rouge General Express Care facility will be open seven days a week to the LSU and local community to treat serious, but non-life threatening illnesses and injuries. The clinic will also feature a lab, X-ray machine and an EKG for more serious injuries. For more information, visit BRGexpresscare.com, find on Facebook at Facebook.com/BatonRougeGeneral and follow on Twitter at @BRGeneral.
“If you wake up with the flu or need a few stitches on a Saturday, you don’t have to visit the ER to get high-quality care,” said Edgardo Tenreiro, president and CEO of Baton Rouge General. “BRG Express Care is a convenient, affordable, fast option right around the corner – because the everyday demands of school, work and family don’t stop when you’re sick.”
Opening its first Louisiana location, The Simple Greek is an interactive concept that combines hhigh-quality ingredients, open kitchens and a fun atmosphere to deliver authentic Greek cuisine in a fast casual setting. Inspired by a concept through his CNBC reality television show “The Profit,” The Simple Greek was founded by entrepreneur Marcus Lemonis in 2015.
The LSU Property Foundation, an affiliate of the LSU Foundation, is facilitating Nicholson Gateway. Stirling Properties is serving as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE Real Estate, which specializes in student housing. Stirling Properties will also handle ongoing retail property management.
New this fall, Nicholson Gateway includes 763 units of apartment-style housing for more than 1,500 students, with associated residential support spaces, such as lounge spaces, study areas, community gathering places and retail food service. The project, focused on the largest underdeveloped tract of university-owned property that is adjacent to the campus core, will turn what has traditionally been the back of the campus into an exciting new gateway district while responding to demands for on-campus housing and supporting student success, improving the campus living experience for both undergraduate and graduate students.
For retail leasing information, please contact Dottie Tarleton at dtarleton@stirlingprop.com or 225-922-4253 or Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-620-8145.
For student leasing information, visit lsu.edu/nicholson. Information about the overall project is available at nicholsongateway.com.
