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.
PitStop Carwash Expanding In the Gulf South
Stirling Properties commercial real estate company is pleased to announce that PitStop Carwash is expanding its presence in the Gulf South market with the addition of two new locations. Andrew Dickman, Stirling Properties Sales & Leasing Executive, represented PitStop Carwash in securing both properties.
(Facility rendering courtesy of PitStop Carwash)
PitStop Carwash is set to open its 4th location at 457 Highway 90 in Waveland, MS. The grand opening of this facility is scheduled for May 10, 2018.
The company also recently purchased 1.5 acres of land at 809 Fairhope Avenue in Fairhope, AL, for development of its 5th carwash location. Anticipated opening is scheduled for January of 2019. Philip Hodgson with Coldwell Banker Reehl Commercial represented the seller.
“PitStop Carwash is excited to add new locations to Waveland and Fairhope, and we look forward to bringing our brand of ‘A Clean Car Fast’ to more Gulf Coast communities soon,” said Steve Schmidt with PitStop Carwash.
PitStop Carwash is one of the most trusted and exceedingly rated car wash businesses in the Gulf South. Each fully-staffed facility features high quality, state-of-the-art carwash equipment and free self-serve vacuums. The company also has existing locations in Gulfport, MS; Franklinton, LA; and Slidell, LA.
Stirling Properties Welcomes Drive Shack to New Orleans
Stirling Properties commercial real estate company is pleased to announce that Drive Shack is officially coming to the greater New Orleans area. This celebrates one of the first locations for the new golf entertainment concept.
Ryan Pécot and Saban Sellers, leasing executives with Stirling Properties, represented Drive Shack in securing the location.
Drive Shack is leasing the former Times-Picayune facility located at 3800 Howard Avenue, just off Interstate 10. The company is expected to demolish the existing building to make way for a three-story, 62,000-square-foot facility that will include 90 indoor driving range bays, a restaurant, corporate and group event space, additional lounge areas, and ample parking.
Demolition is expected to commence by June-July of this year with Drive Shack beginning construction shortly thereafter. Opening date of the facility is anticipated for late 2019.
Drive Shack is a new-to-market entertainment concept that is competing in the same space as the more established Topgolf brand. The first Drive Shack location opened in Orlando, Florida, this week. Drive Shack also has locations in the works in Richmond, Virginia; Raleigh, North Carolina; West Palm Beach, Florida; and Marietta, Georgia.
“Stirling Properties is thrilled to welcome Drive Shack to the greater New Orleans area. This deal has been in the works for quite some time, and we are happy to see it finally come to fruition,” said Sellers. “This is an exciting new-to-market concept—not just for New Orleans—but for the entire nation. The company is planning an aggressive expansion, and we are proud that they chose our market.”
“The greater New Orleans area is long overdue for major entertainment concepts such as Drive Shack. Retail and restaurant venues are evolving—consumers want to be entertained,” said Pecot. “We are proud to have had the opportunity to help Drive Shack find and secure this location, and we are confident that the company will perform exceptionally well in this market.”
Stirling Properties Welcomes Saltgrass Steak House to Fremaux Park in Slidell, Louisiana
Stirling Properties commercial real estate company is pleased to announce that Saltgrass Steak House is coming to Slidell, Louisiana, as part of Fremaux Park, a tract of acreage surrounding the Fremaux Town Center mixed-use development.
Saltgrass Steak House closed on the acquisition of 1.58 acres of property at the intersection of Town Center Parkway and Levis Lane, adjacent to LA Fitness. Construction on the site is anticipated to commence within the next couple of weeks. The Texas-themed steak restaurant will occupy 7,127 square feet of space. Ryan Pécot and Rhonda Sharkawy, Stirling Properties’ Senior Retail Leasing & Development Executives, handled the transaction.
Saltgrass Steak House at River Marketplace in Lafayette, LA
Saltgrass Steak House currently operates five restaurants in Louisiana. This marks the 1st location for the Northshore of the greater New Orleans 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. The adjoining Fremaux Park includes Springs at Fremaux Town Center’s 296 luxury residential apartment units and Springhill Suites by Marriott soon under construction. Additional phases are coming soon with added residential, retail, and office park.
Tenants include Albasha Greek & Lebanese Restaurant, Allure Spa, Aveda, Bath & Body Works, Bellagio Nail Spa, Best Buy, BJ’s Restaurant & Brewhouse, Books-A-Million, Buckle, Capital One, Carter’s, Charlotte Russe, Cheddar’s, Chico’s, Chipotle Mexican Grill, Claire’s, Dentists of Slidell, Dick’s Sporting Goods, Dillard’s, dressbarn, Exit 16 Boutique, European Wax Center, Five Below, Five Guys Burgers & Fries, Forever 21 Red, Francesca’s, GNC, Goodyear, Great American Cookie Company, Journeys, Kay Jewelers, Kirkland’s, Kohl’s, LA Fitness, Lane Bryant, LensCrafters, LOFT, Longhorn Steakhouse, Luxe 83, Marble Slab, Massage Envy, Mattress Direct, Michaels, Off Broadway Shoe Warehouse, Panera Bread, Payless Shoes, PetSmart, Pier 1 Imports, Pizza Platoon (coming 2018), Rack Room Shoes, Red Robin, Rock N Roll Sushi, rue21, Saltgrass Steak House (coming soon), Smoothie King, Sports Clips, Springhill Suites by Marriott (coming 2018), Starbucks, Tesla (charging stations), T.J.Maxx, Torrid, ULTA Beauty, Verizon Wireless, Versona, Victoria’s Secret, Which Wich, and Zales.
Fremaux Town Center is currently 98% leased, and jointly owned and operated by CBL Properties and Stirling Properties.
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 Breaks Ground on Hammond Square Self Storage
Stirling Properties commercial real estate company has broken ground on the development of Hammond Square Self Storage in Hammond, Louisiana.
The 3-story, 93,902-square-foot storage facility will be located on the corner of US Highway 51 (SW Railroad Avenue) and West Minnesota Park Boulevard behind Walgreens. It will include 641 climate-controlled units as well as RV and boat storage areas.
Construction has commenced on the project, with site work and foundation work already underway. Anticipated completion is scheduled for the end of July.
Stirling Properties is developing the facility and will handle daily management upon completion. The architect is Houston-based Edgecomb & Associates, a firm that specializes in self-storage facilities, and Kent Design Build is the general contractor for the project.
“Stirling Properties is excited about the development of Hammond Square Self Storage. This project marks our first ground-up, climate-controlled storage facility development,” said Townsend Underhill, President of Development for Stirling Properties. “Tangipahoa Parish is experiencing significant growth, creating a high demand for this type of service. The strategic location in close proximity to Hammond Square and I-12 will provide easy access and convenience for customers.”
Underhill continued, “We’ve assembled a very talented team—with tremendous experience in the storage industry—to work on the development of Hammond Square Self Storage. Stirling Properties currently manages and operates several climate-controlled storage facilities within our existing portfolio that were redevelopments of previously occupied retail space.”
Stirling Properties also redeveloped the neighboring Hammond Square shopping center located on the northwest corner of Interstate 12 and Hwy. 51. Hammond Square is Tangipahoa Parish’s premier shopping destination. Anchored by Dillard’s, Target, Sears, JCPenney, Academy Sports+Outdoors, and AMC Theatres, the 903,000-square-foot retail center offers a dynamic mix of national and local retailers, shops, and restaurants.
