Stirling Properties Welcomes Old Navy to Hammond Square
Stirling Properties commercial real estate company welcomes Old Navy to Hammond Square retail center in Hammond, Louisiana.
Image: Old Navy at Hammond Square exterior rendering
Old Navy will occupy 12,500 square feet of space on Main Street between Zales and Shoe Dept. Encore. Buildout and expansion of the store space are underway, with plans to open in the spring of 2019. Old Navy provides the latest fashions at great prices for the whole family, including men’s, women’s, women’s plus, kids’, baby and maternity wear.
This will be the 12th location for Old Navy with existing stores in many prominent retail centers across Louisiana, including other Stirling Properties developments such as Premier Centre in Mandeville and Stirling Bossier in Bossier City, Louisiana. Rhonda Sharkawy, Senior Retail Leasing & Development Executive with Stirling Properties, handled the lease transaction on behalf of the landlord.
“Stirling Properties is excited to finally welcome Old Navy to Hammond Square—our shoppers have been eagerly anticipating its arrival. With the recent store closure announcements by Sears and Rite Aid, this will be a welcomed addition to the retail center and we are optimistic that we will have several more new tenants to announce in the coming months,” said Grady Brame, Executive Vice President with Stirling Properties.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air 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 and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
“At a time when many retailers are struggling with the challenges of e-commerce and shifts in consumer behavior, Old Navy is bucking trends and experiencing accelerated sales growth across the country. This store will be the perfect addition to our diverse tenant lineup at Hammond Square, and we are confident it will perform well,” said Brame.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Stirling Properties Announces True Food Kitchen as Tenant of The Julia at Saint Charles in New Orleans
Health-driven restaurant brand to anchor new mixed-used development in Warehouse District
The Julia at Saint Charles rendering
Stirling Properties commercial real estate company is pleased to announce that True Food Kitchen will be the anchor tenant in The Julia at Saint Charles, an upcoming mixed-use development in New Orleans’ Warehouse District. This marks the first Louisiana location for the Arizona-based restaurant brand.
True Food Kitchen is a health-driven, seasonal restaurant merging nutrient-rich ingredients with a flavor-forward menu that rotates regularly to let guests experience great tasting food and thoughtfully crafted beverages—shared in an environment of infectious positivity. Founded by a passionate collective of accomplished chefs, visionary restauranteurs and a renowned doctor of integrated medicine, the restaurant brand is rooted in a belief that delicious dining and conscious nutrition can go hand-in-hand, without sacrificing flavor, creativity or indulgence. Its menu caters to nearly every food preference with a variant of gluten-free, naturally organic, vegetarian and vegan offerings.
Founded in 2008, True Food Kitchen currently has 23 locations in 10 states including California, Texas, Arizona, Georgia, Florida, Colorado, Illinois, Maryland, Virginia and Pennsylvania. The restaurant brand plans to double the number of restaurants it operates over the next three years. True Food Kitchen in New Orleans will occupy over 6,000 square feet of space in addition to a 2,000 square foot outdoor patio located on the corner of Julia Street and St. Charles Avenue. It is expected to open in the summer of 2019.
The Julia at Saint Charles rendering
The Julia at Saint Charles will feature over 16,000 square feet of ground floor commercial space including an exciting mix of local, national, and international retail tenants. In addition to the commercial area, the project comprises almost 200 luxury apartments and enclosed parking facility, which will be available to both the residents and public. Construction is underway, and suite delivery is slated for the 4th Quarter of 2018. The development is set to open in the 2nd Quarter of 2019.
Joe Gardner, CCIM and Carly Plotkin, Sales & Leasing Executives with Stirling Properties, are the listing agents for the retail portion of the property, along with Stuart Zall and Gerardo Aguinis with The Zall Company. John Middleton of MJK Advisors represented True Food Kitchen in the lease transaction. The project is being developed by Audubon Capital Partners of Boston, MA, and Woodward Design + Build.
“We are thrilled to welcome True Food Kitchen as the anchor tenant to The Julia. This is an exciting new-to-market concept—not only for New Orleans but the entire Gulf South region,” said Plotkin. “True Food Kitchen’s innovative food experience will fit perfectly in New Orleans’ vibrant culinary scene, and further solidify our area as an attractive retail destination. We look forward to announcing more great tenants to the development very soon.”
For commercial leasing information, contact Joe Gardner, CCIM at jgardner@stirlingprop.com / (504) 620-8140 or Carly Plotkin at cplotkin@stirlingprop.com / (504) 620-8120.
Stirling Properties to Serve as Exclusive Tenant Rep for Planet Fitness in Greater New Orleans Area
Stirling Properties has recently been awarded the exclusive commercial tenant representation for United PF Partners, a Planet Fitness Franchisee Group, in the greater New Orleans area.
Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. by number of members and locations. With more than 1,600 locations in 50 states, Canada and Latin America, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.
United PF is the largest Planet Fitness Franchisee Group in the nation and growing at a pace of over 20 new clubs per year. There are currently seven Planet Fitness locations in the greater New Orleans area, including Covington, Gretna, Kenner, Metairie, New Orleans (Crowder Blvd.), River Ridge, and Slidell. Moving forward, United PF’s expansion goal is to ensure total market penetration, allowing convenient and affordable fitness access for all consumers in the market.
Ryan Pécot and Carly Plotkin, Stirling Properties’ Sales and Leasing Executives, are the exclusive tenant representatives for United PF and are working to secure new retail locations for the fitness franchise.
“We are thrilled about our latest partnership with Stirling Properties. With their additional expertise, we look forward to inviting new community members into our clubs and increasing convenience for our members in the Greater New Orleans region,” said Seth Parker, VP of Club Development for United PF.
“Planet Fitness is one of the leading fitness center franchises in the country, and they are planning an aggressive expansion targeting Southeast Louisiana,” said Pécot. “Stirling Properties is excited to have the opportunity to partner with Planet Fitness to help them identify and select the optimal locations to exceed their real estate goals. We look forward to announcing new locations to serve the greater New Orleans area very soon.”
For leasing information, contact Ryan Pécot at rpecot@stirlingprop.com | (337) 572-0246 or Carly Plotkin at cplotkin@stirlingprop.com | (504) 620-8120.
Culver’s Restaurants Coming To Alabama
1st location currently under construction in Foley
Image credit: www.culvers.com
Stirling Properties is pleased to welcome the 1st Culver’s restaurant to Foley, AL.
Culver’s franchisee Curtis Herbig recently closed on the acquisition of a 1-acre parcel of land located at 3201 South McKenzie Street in Foley for construction of the restaurant. Work on the site has commenced, and the projected opening date is anticipated for early November of 2018. Andrew Dickman, Sales & Leasing Executive with Stirling Properties, worked with Culver’s to secure the property.
“Culver’s is thrilled to open our first restaurant location in Alabama—and to introduce the market to our signature frozen custard and ButterBurgers, among our numerous other delicious menu offerings,” said Herbig. “Culver’s has a long history of commitment and engagement in the communities that we serve, and we look forward to getting to know our new neighbors and extending our Culver’s family.”
“Stirling Properties is proud to finally welcome Culver’s to Alabama,” said Dickman. “This deal truly demonstrates the strength of our local economy and reiterates the attractive qualities that our market has to offer businesses. Culver’s is an exciting restaurant addition that area residents and visitors alike will enjoy for many years to come.”
According to an announcement from Culver’s, other restaurants are in the planning stages for Alabama, however specific locations and timelines have not been determined.
Midwest-based Culver’s is an expanding fast-casual franchise chain with over 660 independently owned and operated restaurants in 24 states. Alabama will be the chain’s 25th. Signature menu items include the ButterBurger®, (from the lightly buttered bun) made from fresh, never frozen U.S. beef, and fresh Frozen Custard, including the famous Flavor of the Day program. The restaurants’ award-winning customer service is based on small-town, Midwestern values, genuine friendliness and an unwavering commitment to quality and cleanliness.
Stirling Properties Welcomes Saltgrass Steak House to Pinnacle Nord du Lac in Covington, Louisiana
Stirling Properties commercial real estate company is pleased to announce that Saltgrass Steak House is coming to Pinnacle Nord du Lac shopping center in Covington, Louisiana.
Saltgrass Steak House at River Marketplace in Lafayette, LA
Saltgrass Steak House closed on the acquisition of 1.41 acres of property at the intersection of Pinnacle Parkway and Westshore Drive, between Cracker Barrel and the new Mercedes-Benz dealership. The Texas-themed steak restaurant will occupy approximately 8,000 square feet of space.
This marks Saltgrass Steak House’s seventh location in Louisiana. This will be the second restaurant announced on the Northshore, with the first to be located at Fremaux Park in Slidell. Rhonda Sharkawy, Stirling Properties’ Senior Retail Leasing & Development Executive, handled the transaction. Sharkawy exclusively represents Saltgrass Steak House and the Landry’s Brands in Louisiana.
Pinnacle Nord du Lac, regional shopping center, is located on the northeast corner of Interstate 12 and LA Highway 21. Currently, Pinnacle Nord du Lac is comprised of 327,000 square feet of existing retail space, with an additional 162,000 square feet of future retail expansion planned. The retail center is 97% leased, and anchor tenants include Kohl’s, Academy Sports + Outdoors, Hobby Lobby, and Petco, as well as multiple restaurant options. Stirling Properties handles the facility management of the property.
Stirling Properties also developed and manages the adjacent River Chase mixed-use center on the southeast corner of Interstate 12 and LA Highway 21, which houses national anchor tenants such as Target, Sam’s Club, Belk, JCPenney, Regal Cinema, Best Buy, Marshalls, Ross Dress For Less, Cost Plus World Market, Michaels, and ULTA Beauty.
Stirling Properties Brokers Sale of 184,608 SF Executive Office Tower in Metairie, LA
Stirling Properties commercial real estate company has brokered the sale of the Executive Office Tower located at 3500 North Causeway Boulevard in Metairie, LA. Roger Bajon, Broker Associate with Stirling Properties, represented the seller in the property transaction.
The Executive Office Tower is a 184,608-square-foot, 14-story high-rise office building located in the heart of the Metairie Business District. Conveniently situated near the southwest intersection of Causeway Boulevard and West Esplanade Avenue, the property offers proximity and easy access to all major destinations around the city including the New Orleans CBD, Northshore, and Louis Armstrong International Airport.
A well-established real estate firm out of Dallas, TX, purchased the office building as an investment property. The building will remain a multi-tenant office tower, housing notable tenants such as Keystone Engineering. The buyer has plans for future capital improvements to the property, including remarketing and increasing occupancy of the office space.
“This sale truly demonstrates the strength of the New Orleans office market—particularly in the suburban office market area of Metairie,” said Bajon. “We have worked with this buyer for quite some time to secure the acquisition of this property. The Executive Office Tower’s aesthetic attraction, ample surface parking, strong historic occupancy, and strategic location in such a desirable business district are all key factors that brought this deal to fruition.”
Roger Bajon can be reached at rbajon@stirlingprop.com or (985) 246-3749.
