What’s Happening at Fremaux Town Center & Fremaux Park in Slidell, Louisiana?
Stirling Properties announces new tenants and development updates.
Stirling Properties announces four new tenants and development updates at Fremaux Town Center and the surrounding Fremaux Park mixed-use project in Slidell, Louisiana.
- Spencer’s gifts, fashion, and décor store will occupy 3,500 square feet of retail space on Town Center Parkway, Suite C400, next to Torrid. The new novelty retailer opened this week.
- Skechers shoe store will fill 9,000 square feet of retail space off Levis Lane, Suite D900, next to Rock’ N Roll Sushi.
- Ding Tea, offering Taiwanese teas, coffee, and dessert drinks, will fill 1,793 square feet of space on Town Center Parkway, Suite C700, between Journeys and European Wax Center.
- Lendmark Financial Services will also take 1,200 square feet of space on Town Center Parkway, Suite B500, next to Chico’s.
Ryan Pécot, Senior Retail Leasing and Development Advisor with Stirling Properties, represented the landlord in the lease transactions.
In addition, construction on the Amazon Fulfillment Center located on Town Center Parkway at the adjoining Fremaux Park is progressing. Signage has been installed, and landscaping is underway. The facility is expected to be open and operating by the 2nd quarter of 2022.
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 Properties and Stirling Properties.
The adjoining Fremaux Park includes Retreat at Fremaux Town Center luxury residential apartment units, Springhill Suites by Marriott, The Mason Fremaux Park apartment community, Dana Inc. Service & Assembly Center, and Amazon Fulfillment Center (coming soon). Additional phases are forthcoming with added residential, retail, industrial, and office park. Fremaux Park is a Stirling Properties mixed-use development.
For leasing or sales information, contact Ryan Pécot at 337-572-0246 / rpecot@stirlingprop.com or Michael Oswald at 423-490-8272 / mike.oswald@cblproperties.com.
Stirling Properties & Level Homes Developing Oak Heritage Townhomes in Prairieville, Louisiana
Company’s first single-family for-rent development.
Through a joint venture with Level Homes, Stirling Properties announces the development of Oak Heritage Townhomes at 37584 Grand Oak Dr (LA-73) in Prairieville, Louisiana. This project marks Stirling Properties’ first single-family, build-to-rent development.
Stirling Properties and Level Homes recently closed on the acquisition of 7.96 acres of property, including one existing townhome, and plan to develop 51 additional units along with a leasing office and pool. The new development will include almost entirely 3-bedroom high-quality, single-family townhomes expressly built for the rental market. In addition, each unit will be equipped with a 2-car garage. The project design team is led by Ratliff Architects, and the builder is Level Homes. Construction began on the first townhomes in late December, and the development is expected to be complete by the end of 2022.
Through the joint venture, Stirling Properties will be responsible for the development of all horizontal land improvements and amenities in addition to asset management and accounting oversight of the project. Level Homes will be responsible for all vertical building improvements. BH Management will handle daily onsite management and leasing.
“Level Homes is excited to be a part of the Oak Heritage development. Our company has an extensive track record of developing high-quality, master-planned communities throughout Southeast Louisiana, and we look forward to creating value-driven homes and a unique residential experience for the Prairieville area,” said Todd Waguespack, Managing Partner with Level Homes.
“The population of Prairieville has grown significantly over the past ten years, and we believe this is an ideal product type for this market on a site that is extremely well located within the market,” said Townsend Underhill, President of Development with Stirling Properties. “This product type is one of the fastest-growing sectors of the U.S. housing market as build-to-rent properties continue to be attractive to seniors, singles, and families alike—as it offers renters the conveniences of homeownership, without the financial and maintenance burdens that come with it. We are excited to partner with Level Homes on this project and hope it is the first of many opportunities to work together.”
Level Homes presently serves as the primary home builder for Stirling Properties’ single-family, for-sale development, The Preserve at River Chase, in Covington, Louisiana, including 56 homes built or currently under construction.
For more information on Stirling Properties development services, contact John Woodard, Development Manager, at jwoodard@stirlingprop.com or (504) 523-4481.
Stirling Properties Named Among GlobeSt’s 2021 Healthcare Influencers
Stirling Properties was recently named among GlobeSt’s 2021 Healthcare Influencers, which casts a national spotlight on people and firms who are shaping the healthcare real estate market and continuing to drive its performance.
“Stirling Properties is proud to be named one of GlobeSt’s 2021 Healthcare Influencers, and we are honored to be included among some of the top national companies in our industry. This acknowledgment further underlines our company’s leadership in healthcare real estate services and truly showcases our expertise and the breadth of services we can offer our clients in this sector,” said Townsend Underhill, president of development with Stirling Properties.
Evolution in the healthcare delivery system has morphed patients into customers, creating a need for healthcare providers to get products to clientele in the shortest amount of time possible. Stirling Properties is adapting to this changing environment by assisting medical professionals in connecting with customers closer to where they live—in their neighborhoods and communities. The healthcare real estate team is led by president of development Townsend Underhill, development director Mac Bauer and VP of finance and capital markets Justin Landry.
In 2017, Stirling Properties developed its first mixed-use medical facility on a 3.5-acre site in LaPlace, LA. The micro-hospital was based upon a 20-year lease to Ochsner Clinic Foundation for a 20,000-square-foot freestanding emergency department and imaging services clinic. In 2018, a Stirling Properties affiliated entity acquired and subsequently managed the renovation of the shuttered Louisiana Heart Hospital in Lacombe, LA, returning it to commerce through a long-term master lease with Ochsner Clinic Foundation. The 205,000-square-foot building was repurposed into Northshore Medical Complex, a post-acute care facility featuring long-term acute care, skilled nursing, and inpatient rehabilitation services in one central location. These services are provided by Ochsner Health System, Slidell Memorial Hospital, St. Tammany Parish Hospital, and Select Medical. Other notable healthcare projects include facilities management of St. Mary Medical Center in Shreveport; the development of four Ochsner Kidney Care Clinics in the Greater New Orleans Area; the development of St. Tammany Cancer Center in Covington; the development of Ochsner Medical Complex–The Grove in Baton Rouge; and the development of a Multi-Specialty Clinic in Bossier City, to name a few.
For more information on Stirling Properties’ healthcare real estate services, contact Mac Bauer, Development Director, at (504) 620-8131 / mbauer@stirlingprop.com.
Stirling Properties Develops Three New Ochsner Health Facilities to Serve GNO Area
Projects helping to backfill former retail space & expand healthcare real estate services.
Stirling Properties, in partnership with Ochsner Health System, has developed three new Ochsner Health facilities to serve the greater New Orleans area. Located in Covington, Slidell and Metairie, the facilities will be completed and open to the public by the end of the year.
- A Pediatrics Center is located in River Chase Shopping Center at I-12 and E. Brewster Road in Covington. The 18,000-square-foot clinic opened on November 17th along Brewster Rd. immediately next to Target. In addition to a state-of-the-art Pediatrics clinic, this space also includes the Live Oak Pediatric Rehab Center, one of a kind in St. Tammany Parish. Rozas Ward is the Architect, and Donahue Favret is the General Contractor for the development.
- A Multi-use Clinic including pediatrics, behavioral health, women’s and primary care services is located in Oakridge Place Shopping Center at 800 Metairie Road in Metairie. The 12,450-square-foot clinic will replace two former retail spaces on the end cap of the shopping center. Construction is complete, and the clinic is expected to open on December 14th. The General Contractor is Ryan Gootee General Contractor, and Rozas Ward is the Architect on the project.
- A Physical Therapy and Training Clinic is rounding out construction in Plaza 190 Shopping Center located at 128 Gause Boulevard in Slidell. The 15,000-square-foot facility is expected to open in mid-December. The General Contractor is Clement Construction, and Grace Hebert Curtis serves as the Architect on the project.
Stirling Properties is serving as the developer, leasing agent and landlord in all three projects.
“Very similar to the last mile in retail, the healthcare delivery system is changing. It’s all about getting the product to the consumer in the shortest amount of time. That means connecting with them closer to where they live, in their neighborhoods and communities. In commercial real estate, there is substantial growth in the integration of healthcare in the retail setting. Clinics providing same-day urgent care, primary care, specialty care, and wellness services have boomed over the last few years,” said Townsend Underhill, President of Development with Stirling Properties.
Stirling Properties has tailored its business model to meet the increased demands for advisory and healthcare real estate services. The company assists its healthcare partners with development & redevelopment, site selection, master planning, brokerage & lease negotiation, entitlements, financing, design & construction management and asset & property management to provide a comprehensive, holistic approach.
Stirling Properties currently has over 2 million square feet of projects under development/redevelopment, totaling nearly $196 million—of which almost half is in the healthcare sector. Other notable healthcare projects include facilities management of St. Mary’s Medical Center in Shreveport; the acquisition and redevelopment of the former Louisiana Heart Hospital in Lacombe; the development of four Ochsner Kidney Care Clinics in the Greater New Orleans Area; the development of St. Tammany Cancer Center in Covington; and the development of Ochsner Medical Complex – The Grove in Baton Rouge, to name a few.
For more information on Stirling Properties’ healthcare real estate services, contact Mac Bauer, Development Director, at (504) 620-8131 / mbauer@stirlingprop.com.
Stirling Properties Acquires 140,000-Square-Foot Pepsi Distribution Center in Livingston, LA
Marks company’s 1st large-scale industrial acquisition.
Stirling Properties announces the acquisition of a 140,000-square-foot Pepsi Distribution Center located in Livingston, Louisiana. The sale closed on August 19th. This marks Stirling Properties’ first large-scale industrial acquisition. The company will also assume asset management duties of the property immediately.
Built in 2016, the industrial property sits on 15 acres and is strategically located along the I-12 corridor. The facility is fully occupied by PepsiCo., Inc. and serves as a logistics hub for PepsiCo brands, including Gatorade, Dasani, Frito-Lay, Starbucks, Mountain Dew and other related brands for the Greater Baton Rouge Area, Greater New Orleans Area and the Northshore regions of Southeast Louisiana.
Townsend Underhill, President of Development for Stirling Properties, will serve as the Asset Manager for the property. Beezie Landry, Justin Langlois, and Chad Rigby, with Stirling Investment Advisors (SIA), a division of Stirling Properties, handled the sales transaction. Stirling Investment Advisors specialize in investment sales of retail, multifamily, office, healthcare, and industrial properties, across the Gulf South market.