A New Star-Spangled Banner Will Wave!
In honor of Independence Day, Hammond city officials, residents and community leaders met at Hammond Square yesterday morning for a ceremony and dedication of a new American flag that representatives hope will act as a beacon for the area.
The 80’ flagpole will fly a 15’ X 20’ American flag that will be part of the new gateway project at Interstate 12, leading to both the Hammond and Ponchatoula communities at exit 40. The flag will be visible to all that travel I-12, calling attention to the area by both locals and tourists. The flag is located at the northwest corner of I-12 and Highway 51 near Olive Garden Italian Restaurant.
Tangipahoa Parish President Robbie Miller, Hammond Mayer Pete Panepinto, Ponchatoula Mayor Bob Zabbia, Stan Dameron with Home Mortgage Authority, and Grady Brame with Stirling Properties were in attendance for the ceremonial flag-raising festivities. Boy Scout Troop 170 was on hand to recite the Pledge of Allegiance and Phillip Monteleone performed a flyover in his Vietnam Era ’68-70 Bell OH-58 Kiowa helicopter.
The Hammond-Ponchatoula Sunrise Rotary Club worked with the City of Hammond, Hammond Square, Stirling Properties and the Hammond-Tangipahoa Home Mortgage Authority for more than a year to bring this project to fruition.
Stirling Properties is proud to have been a part of this development at Hammond Square. Thanks to the tremendous efforts of The Hammond-Ponchatoula Sunrise Rotary Club, city officials, supporters and everyone that came out for the celebration.
We salute all the men and women of the United States armed forces on Independence Day, and every day! #StirlingProud
Stirling Properties Closes Loan On Fremaux Town Center In Slidell, Louisiana
Largest Loan in Company History
Stirling Properties commercial real estate company, on behalf of Fremaux Town Center SPE, LLC, is pleased to announce the closing of a $73 million non-recourse loan on Fremaux Town Center in Slidell, Louisiana. This amount marks the largest loan ever closed by Stirling Properties in its 41-year history.
Wells Fargo served as the lender on the 10-year loan. Proceeds from the loan were used to retire two existing construction loans with an aggregate balance of $73.0 million. Earlier this year, Stirling Properties also closed on a $33 million loan with Wells Fargo on the acquisition of Turtle Creek Crossing in Hattiesburg, Mississippi.
“Wells Fargo continues to be a great resource and financial partner for us, helping us to secure more than $100 million in 2016. Together, with CBL, we are fortunate to have such great partners,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. “Stirling Properties is very pleased to close this loan on Fremaux Town Center, and the clear message it sends about the strength of our markets on South Louisiana.”
“Wells Fargo’s Real Estate Capital Markets group is very happy to close this new 10-year “hybrid” loan with this important relationship. It’s a big win for us when we can both innovate and help our customers succeed,” said Gordon Nicol, Managing Director at Wells Fargo Bank, N.A.
Fremaux Town Center is a roughly 635,000-square-foot regional open-air power and lifestyle shopping center located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana, near the city of New Orleans. Anchor tenants include Dillard’s, Kohl’s, Dick’s Sporting Goods, LA Fitness, and Best Buy. Junior anchor tenants include T.J. Maxx, Michaels, PetSmart, Ulta Beauty, Off Broadway Shoe Warehouse, and Forever 21 Red. More than 60 retailers and restaurants occupy the center. Fremaux Town Center is currently 95% leased, and jointly owned by affiliates of CBL & Associates Properties, Inc. and Stirling Properties, LLC.
For more information, visit cbl.com.
Stirling Properties Welcomes Northshore’s 1st Whole Foods Market
Stirling Properties Delivers Quality Development &
Retailers to St. Tammany Parish
Welcomes Northshore’s 1st Whole Foods Market
Stirling Properties commercial real estate company welcomes the Northshore’s first Whole Foods Market to Premier Centre, a Stirling Properties development. A formal grand opening ceremony and bread breaking was held today with Honorable Pat Brister, St. Tammany Parish President; Honorable Don Villere, Mandeville Mayor; Rick Findlay, Whole Foods Market Global executive coordinator of grocery; Nona Griesman, Whole Foods Market Southwest Region executive vice president of operations; and Marty Mayer, Stirling Properties President & CEO.
Mandeville Mayor Villere, St. Tammany Parish President Brister, WFM Store Team Leader Damen Williams, Stirling Properties President & CEO Marty Mayer
Stirling Properties continues to deliver quality development and retailers to St. Tammany Parish and South Louisiana. Mandeville’s highly anticipated Whole Foods Market will offer customers a large selection of natural and organic products with features tailored to the local Louisiana community. The high-end grocer is a welcome addition to Premier Centre and will be a regional draw for the City of Mandeville, and a foodie destination for the Northshore community. The store will employ approximately 100-120 team members.
“The Mandeville community and Premier Centre tenants have long awaited the opening of Whole Foods Market, and Stirling Properties is proud to be a part of the celebration! Over a year of cooperative efforts—by the City, Whole Foods Market, the Landlord and Stirling Properties—is finally coming to fruition,” said Donna Taylor, Stirling Properties Sr. Vice President, Asset Management & New Business. “New businesses, such as Whole Foods Market, are such important contributors to our economic growth and quality of life here on the Northshore.”
Rick Findlay, Donna Taylor, Nona Griesman, Marty Mayer
Stirling Properties was instrumental in bringing large-scale retailers—such as Whole Foods Market and Forever 21 Red—to the area, and has been at the forefront of commercial real estate investment, management and development in St. Tammany Parish and surrounding areas of South Louisiana. Premier Centre continues to be a leading regional shopping and restaurant destination, as well as a vital economic contributor to the area.
“We are confident in the future and prosperity of the Northshore. Premier Centre is positioned in an excellent location that is experiencing tremendous growth and attracting new retailers. St. Tammany Parish continues to be one of our most important areas for commercial real estate growth and economic opportunities, and Stirling Properties is proud to call the area home to our Corporate Office,” said Marty Mayer, Stirling Properties President & CEO.
Whole Foods Market has completed the re-tenanting of the former Albertson’s grocery and will occupy 40,000 of the 60,000 square feet. The popular retailer Forever 21 Red occupied the balance of the space next door late last year, and already is a top producer in the chain.
Other tenants, Rack Room Shoes and TJ Maxx recently remodeled their stores, even further solidifying Premier Centre as a top retail destination for the area and marks a re-celebration for the center, just in time for summer festivities followed by Back to School shopping.
Premier Centre is approximately 273,000 square feet and is located at the corner of US Hwy 190 & N. Causeway Blvd. in Mandeville on the Northshore of Lake Pontchartrain in St. Tammany Parish, Louisiana. This center is ideally situated in the heart of the community, an area that has seen incredible growth and higher than average incomes. Premier Centre has maintained 100% occupancy since opening and the sales per square foot are well above average for the national tenants in the center. Stirling Properties developed Phase I of Premier Centre in 1999, and Phase II in 2000, and currently holds the managing and leasing contract.
Tenants include Whole Foods Market, Forever 21 Red, Stein Mart, Bed Bath & Beyond, T.J.Maxx, Barnes & Noble, Old Navy, Gap/Gap Kids, Rack Room Shoes, Banana Republic, American Eagle Outfitters, Hallmark, LOFT, Victoria’s Secret, Aéropostale, Buckle, Apricot Lane, H.W. Rosenblum, Earthsavers, Bath & Body Works, Motherhood Maternity, Chase, Chili’s Grill & Bar, Romano’s Macaroni Grill, la Madeleine and Pinkberry. Tesla electric car charging stations are also available in the parking lot.
Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, almost exclusively in Louisiana. Other Stirling Properties developments in St. Tammany Parish include Fremaux Town Center (Slidell), Stirling Slidell, The Crossing (Slidell), River Chase (Covington) and Northpark Corporate Center (Covington), just to name a few.
For leasing information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Stirling Properties Welcomes 1st Northshore Sephora and Announces Updates to River Chase in Covington, Louisiana
Stirling Properties commercial real estate company is pleased to welcome the 1st Sephora to Northshore New Orleans, and announces new updates to River Chase mixed-use development in Covington, Louisiana. 
- The popular national beauty-retail chain, Sephora, will occupy 2,100 square feet inside JCPenney department store. Utilizing a smaller footprint, the retail chain will feature the signature Sephora look and beauty assortment. This will mark the fifth Sephora location in Louisiana, and the first for the Northshore. A grand opening is scheduled for June 17th.
- Pre-leasing opportunities have begun for Phase 1 of the Offices at River Chase, a new Class-A office building that will be located at the southwest corner of Brewster Road and Stirling Blvd. The site is now being cleared, and construction of the first 45,000-square-foot, two-story office building is anticipated to begin in the summer of 2016, with initial tenant occupancies planned for 10 to 12 months later.
- Site work has commenced on the new 36,000-square-foot Rooms-To-Go next to Zoe’s Kitchen. The furniture retailer is relocating from its current store on Hwy. 190 in Covington, and is on track to open in the first quarter of 2017.
- Construction has begun on Springs at River Chase, through a joint venture with Continental Properties. The new 296-unit luxury apartment community will be located at the southwest corner of Interstate 12 and Brewster Road. The property will feature floor plans ranging from studio to three-bedroom, and community amenities will include a clubhouse, resort-style pool, 24-hour fitness center, dog park, attached and detached garages, car care center and a pet spa. The first units will be available in August 2016, with anticipated fully built out completion in first quarter, 2017.
- Plans are also underway for the development of 182 single-family luxury homes, adjacent to Springs at River Chase apartment community, through a joint venture with Southern Lifestyle Development. Phase I will include the completion of 81 luxury homes.
- Salon by InStyle is open inside JCPenney, as part of an exclusive collaboration with the editors of InStyle magazine to reinvent its salons nationwide. The new concept salon features the latest in haircare, styling and products. A grand re-opening was held last week.
- Five Below, a new-to-market bargain retailer, which sells everything for $5 or less, celebrated its grand opening earlier this month. This is one of only three stores located in Louisiana.
River Chase is the premier mixed-use development on the Northshore, located amidst 253 acres of prime interstate property adjacent to the Tchefuncte River, with direct access to Interstate 12 via two interchanges that bound the eastern and western borders of the development and Louisiana Highway 21. The center includes retail, restaurants and entertainment options, as well as a Holiday Inn Express, 14-screen stadium style Regal Cinema and residential apartment units. Additional residential and office developments are coming soon. Anchored by Target, Belk, JCPenney, Best Buy, Marshalls, Ross Dress For Less and Sam’s Club, River Chase shopping center occupies 945,000 square feet, and is the largest open air retail center in Louisiana. River Chase continues to be a leading regional shopping and restaurant destination, as well as a vital economic contributor to the region. Additional tenants include John V Salon & Spa, Carter’s, Cato, Charming Charlie, Chuck E. Cheese’s, Cost Plus World Market, Dickey’s Barbecue Pit, Family Cuts, Fidelity Homestead Savings Bank, Five Below, GameStop, Hibbett Sports, Holiday Inn Express, In Style Salon, Justice, Lane Bryant, Maurices, Men’s Wearhouse, Michaels, Nevada Bob’s Golf, Oreck Vacuums, Pink & White Nails, Regal Cinemas, River Chase Cleaners, rue 21, Sephora (open July 2016), Shoe Carnival, The Children’s Place, ULTA Beauty, Verizon Wireless, Which Wich and Zoe’s Kitchen. Outparcel tenants include Chick-fil-A, LongHorn Steakhouse, Regions Bank, Taco Bell, Texaco and Wendy’s. “Stirling Properties has been at the forefront of commercial real estate investment and development in St. Tammany Parish and surrounding areas of South Louisiana. We were instrumental in bringing large-scale retailers here,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. “St. Tammany remains one of our most important areas and we are proud to call the parish home to our Corporate Office.” Stirling Properties developed River Chase, with Phase I beginning in 2002, and currently holds the contract for management and leasing of the center. Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, and manages nearly 17 million square feet of property, almost exclusively in Louisiana. Other Stirling Properties management and development projects in St. Tammany Parish include Fremaux Town Center (Slidell), Stirling Slidell, The Crossing (Slidell), Premier Centre (Mandeville) and Northpark Corporate Center (Covington), just to name a few. Stirling Properties was also influential in creating supporting infrastructure, such as the I-12 corridor connecting River Chase and Brewster Road to Hwy. 21 in Covington. For more information, please visit stirlingproperties.com. For information on River Chase, visit river-chase.com. For retail leasing and sales, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com. For office leasing and sales, contact Ryan Murphy at (985) 246-3771 or rmurphy@stirlingprop.com.
Stirling Properties Commercial Real Estate Agents Among Top Producers At Annual NOMAR CID Awards Ceremony
Stirling Properties commercial real estate agents were honored during the New Orleans Metropolitan Association of Realtors (NOMAR) Commercial Investment Division (CID) 23rd Annual Achievement Awards ceremony, held Friday, April 8th at the Audubon Tea Room.
Chris Abadie, Rhonda Sharkawy, Gaines Seaman
Leading the way was Rhonda Sharkawy, Senior Retail Leasing and Development Executive, with more than $28 million in sales volume for 2015. Sharkawy was inducted into the CID Hall of Fame after having received the prestigious F. Poche Waguespack Award for highest volume of sales and leases in the greater New Orleans area for the last five consecutive years. She is one of only a handful of women to receive this esteemed award since its inception in 1964.
Gaines Seaman, Sales and Leasing Executive, received the Overall Top Landlord Office Lease, Top Tenant Rep Office Lease and the Overall Top Office Producer, with nearly $19 million in production for 2015.
Joe Gardner, Sales and Leasing Executive, Beezie Landry, Senior Investment Sales Advisor, Sharkawy and Seaman were also among Achievement Award recipients, for obtaining total commercial credit sales and leasing in excess of $2.5 million.
The goal of the Commercial Investment Division (CID) Awards is to review and recognize individual achievement among commercial real estate practitioners who are members in good standing of the New Orleans Metropolitan Association (NOMAR) of REALTORS®.
Stirling Properties and CBL & Associates Properties, Inc. Announce New Tenants and Updates to Phase II of Fremaux Town Center in Slidell, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. are excited to announce new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.
- Recently leased Books-A-Million will be moving from its current location at Northshore Square Mall to occupy a 7,500-square-foot space at Fremaux Town Center and is expected to open on March 3rd.
- Allure Nail Spa, a 1,944-square-foot nail salon will open in the spring of 2016.
- LensCrafters, providing prescription eyewear and sunglasses, will occupy 3,830 square feet and will open in the spring 2016.
- 5 Below discount store will occupy 8,024 square feet and is expected to open April 6th.
Previously announced Pier 1 Imports will open March 21st and Capital One on March 28th. Aveda and Goodyear are expected to open in the spring of 2016, with Chico’s opening in the third quarter. Tesla Motors has completed their installation of 8 charging stations.
Phase II tenants currently open and operating include Red Robin, Zales, Francesca’s, Off Broadway Shoe Warehouse, Victoria’s Secret, Buckle, Charlotte Russe, LOFT, Bath & Body Works, Journeys, Claire’s and Which Wich.
“Stirling Properties is thrilled to add even more great retail and restaurant options that will further solidify Fremaux Town Center as a premier regional shopping and entertainment destination, as well as a vital economic contributor to the area,” said Senior Vice President of Development Townsend Underhill. “Fremaux Town Center offers a one-of-a-kind retail experience in the City of Slidell and St. Tammany Parish, with many retailers and restaurants that are new to the Northshore.”
Fremaux Town Center is located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana near the city of New Orleans.
The first phase of construction for Fremaux Town Center included roughly 350,000 square feet of retail anchored by Dick’s Sporting Goods, Kohl’s and Best Buy. Phase II, anchored by Dillard’s, celebrated its grand opening late last year and added roughly 283,000 square feet to the existing shopping center. Following the opening of Phase II, a large portion of tenants reported increased foot traffic and sales.
More than 47 retail outlets and restaurants are currently operating in the center. Junior anchors include TJ Maxx, Michael’s and PetSmart. Outparcels include Longhorn Steakhouse and Cheddars, with several outparcel opportunities still available. A variety of spaces exist for small shops and junior anchors to benefit from the opportunities these national anchors and high traffic counts present.
Construction continues on Springs at Fremaux Town Center, a 296-unit apartment complex, and is on track to be 100% completed in March with residency available. Additionally, two sites are under contract to hotel developers, and construction should start in the second quarter of 2016.
For leasing information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Tim Gilmore at 423.490.8358 / Tim.Gilmore@cblproperties.com. For more information regarding our services, please visit us at www.stirlingproperties.com. For information on Fremaux Town Center, visit www.fremauxtowncenter.com.
