What’s Happening at Fremaux Town Center?
Stirling Properties and CBL Properties are pleased to announce and welcome new tenants to Fremaux Town Center in Slidell, Louisiana.
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Pizza Platoon has leased 2,500 square feet of restaurant space as part of a new building suite that was recently constructed on the east side of Levis Lane, across from LensCrafters. Build out is underway for the space and the eatery plans to open in the summer of 2018. Kay Jewelers occupies the additional 2,000 square feet and opened this past Wednesday.
Previously announced, Rock N Roll Sushi will celebrate its grand opening soon. European Wax Center is now open.
Ruth Garrett Way, a new road that connects Town Center Parkway and Bill Garrett Road (I-10 Service Road), opened for public access late this summer. This new infrastructure will provide access and utilities to open up another 50+ acres for development including the upcoming Springhill Suites.
Springhill Suites by Marriott is still on track to begin construction early next year and plans to open in the fourth quarter of 2018. The four-story hotel will have 88 rooms and will be located on the south side of the shopping center at the corner of Ruth Garrett Way and Bill Garrett Road.
Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s, and Best Buy, is a roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. The center includes approximately 635,000 square feet of retail and restaurant options, as well as 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, 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, 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 97% leased, and jointly owned by affiliates of CBL Properties and Stirling Properties. Stirling and CBL manage and lease the property.
For leasing information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Tim Gilmore at 423.490.8358 / Tim.Gilmore@cblproperties.com
Halloween at Hammond Square
Calling little ghouls, goblins, princesses and superheroes to celebrate Halloween at Hammond Square!
Many children in Hammond, Louisiana, will be getting a head start on Halloween this year. Hammond Square is celebrating its 4th Annual Halloween at the Square event on Saturday, October 21st from 6-8pm for children ages 12 and under. The event is free and open to the public. Costumes are highly encouraged. Kids are invited to trick-or-treat at Hammond Square’s participating stores that will be stocked with candy and prizes throughout the evening. Visitors can start at any trick-or-treat station on Main Street. (Look for the trick-or-treat station sign to identify participating stores.)
Halloween at the Square is Hammond Square’s premier family-friendly event of the year. It offers Hammond area residents a safe, convenient and fun trick-or-treating experience, while providing increased traffic and exposure for the many great retail tenants at the shopping center. Last year’s event hosted more than 400 children and families!
“Hammond Square is a proud supporter of our community and we love inviting our neighbors out for fun, family entertainment. Halloween at the Square offers a safer, brighter and less scary atmosphere for children and their parents,” said Lindsey Palmer, Director of Property Services with Stirling Properties. “And we hope Halloween visitors will remember our stores for the upcoming holiday shopping season.”
According to an annual survey released earlier this month by the National Retail Federation and Prosper Insights & Analytics, Americans are expected to splurge on costumes and candy for a record $9.1 billion in Halloween spending this year—an increase of 8.3% from last year’s previous record of $8.4 billion. Additionally, 179 million Americans are expected to partake in Halloween festivities, up from 171 million in 2016, and a record number of adults (48%) plan to dress in costume this year. Those retail numbers are very encouraging for many local shopping centers this year—including Hammond Square.
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. Anchored by Dillard’s, Target, Sears, JCPenney, Academy Sports+Outdoors, and AMC Theatres, the 850,000-square-foot shopping center offers a dynamic mix of national and local retailers, shops and restaurants. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
Tenants include Academy Sports+Outdoors, Albasha Greek & Lebanese Restaurant, AMC Theatres, America’s Best, Bellagio Salon & Spa, Best Buy, Books-A-Million, Bra la Vie, Cato, Charming Charlie, Chase, Claire’s, Dillard’s, East of Italy, Foot Locker, GNC, Great American Cookies, Hibbett Sports, JCPenney, Justice, Kay Jewelers, LA Nails Spa, maurices, Menchie’s Frozen Yogurt, Nagoya Sushi & Japanese Steakhouse, Norris & Co. Salon, Obsession, Olive Garden, Popcorn Bistro, Raising Cane’s, Rite Aid, rue21, Santa Fe Cattle Co., Sears, Shane’s Rib Shack, Shoe Dept. Encore, Smoothie King, Sport Clips, Tailored, Target, The Children’s Place, The Home Depot, T.J.Maxx, ULTA Beauty, Verizon, Which Wich Superior Sandwiches, and Zales.
Connect with Hammond Square on the web at www.hammondsquare.com or “like” us on facebook.com/hammondsquare.
Red or White Wine & Gourmet Center coming to The Wharf in Orange Beach, Alabama
Stirling Properties commercial real estate company is pleased to announce that Red or White Wine & Gourmet Center is coming to The Wharf, located in Orange Beach, Alabama. Jeff Barnes, CCIM, Stirling Properties’ Broker, handled the lease transaction.
Red or White Wine and Gourmet Center will occupy 2,852 square feet of water-front space on the Ground Floor of Levin’s Bend, Suite D-128 at The Wharf, and plans to open in October of 2017. This will be the third location for Red or White in the coastal Alabama region, with existing sites in Mobile and Fairhope. The locally owned company features a wide variety of globally sourced retail wine selections, as well as a wine and tapas bar with an original menu and unique environment.
Positioned on 222 acres along the south side of the Intracoastal Waterway in Orange Beach, Alabama, The Wharf is one of the most dynamic and inviting mixed-use destinations along the Gulf Coast. Consisting of more than 376,000 square feet of commercial lease space, the current mix of tenants includes retail shopping and restaurant options, office and professional services, a 15-screen movie theater, a 112′ Ferris wheel, residential condominiums, convention space, meeting facilities, a 208-slip marina, a 132-room Springhill Suites by Marriott, and Burris Farm Market. Future plans include the development of prominent outparcels, including an exciting new zip line course scheduled to open in the fall of 2017.
For leasing information, contact Jeff Barnes, CCIM, at (251) 375-2496 or jbarnes@stirlingprop.com.
Sale of 220 West Garden Office Tower in Pensacola, Florida
Stirling Properties will resume management & leasing of the property
Rendering of proposed exterior renovations of 220 West Garden
Stirling Properties commercial real estate company is pleased to announce the closing on the sale of 220 West Garden (former SunTrust Tower) in Pensacola, Florida. The 95,329-square-foot, 10-story office tower was purchased by Civic Conversations, LLC, which is part of the Studer Family of Companies.
Jason Scott, Sales & Leasing Executive with Stirling Properties, worked on behalf of the seller on the property transaction. Stirling Properties will also resume the management and leasing assignments of the property. Exciting new renovations for the building are expected to commence in November of this year, with completion anticipated for the fourth quarter of 2018.
“We are glad that one of Pensacola’s most iconic buildings is going to continue to serve the Pensacola community in a fresh, new way,” said Scott. “We are equally excited at the opportunity to work with Studer Properties, LLP and its team to provide them with quality management and leasing services that complement Studer’s core mission for improving the quality of life.”
Studer’s plans for the property include a significant capital investment with the goal of turning it into a place for community discussions and dialogue, to host expert speakers on issues important to Pensacola, and create an open public space for citizens to meet and enjoy downtown, and a best-in-class event center.
While most of the building will remain a multi-tenant office tower, the renovation plans include converting the 17,000-square-foot ground floor into a community interaction area with café, lecture space, and an environment for other community gatherings. The existing exterior open space will become an urban plaza for musical events, outdoor movies, and other seasonal activities. The building’s ninth floor will include an observation room for visitors.
Rendering of proposed interior renovations of 220 West Garden
“Our goal has always been to improve the quality of life for people in Northwest Florida. Through our commercial ventures, we hope to help our community and our local businesses be more productive and profitable, which translates to more jobs and a better trained workforce,” said Quint Studer.
“Stirling Properties is proud to retain 220 West Garden as part of our commercial portfolio in the Pensacola region. We look forward to working with the Studers and their organization in its core mission to make Pensacola the best place to live and work,” said Will Barrois, VP & Regional Manager for AL/FL with Stirling Properties.
Stirling Properties is located at 220 West Garden Street, Suite 802 in Pensacola, Florida. Click here for more information regarding our services.
Stirling Properties Welcomes 1st El Pollo Loco to Louisiana Market
Stirling Properties commercial real estate company is pleased to welcome Louisiana’s 1st El Pollo Loco restaurant to Lafayette.
The new El Pollo Loco will be located at 3808 Johnston Street on the corner of Westchester Drive. It will occupy 3,000 square feet of restaurant space, including a drive-thru. Construction on the building is expected to commence in early September, with an anticipated opening in the late spring of 2018.
El Pollo Loco, which is Spanish for “The Crazy Chicken,” features authentically prepared flame-grilled, citrus-marinated chicken, burritos, salads, soups, tacos, and quesadillas.
“We’re dedicated to serving healthy, fresh ‘pollo’ (chicken) hot off our open-flame grills from the skilled hands of our Grill Masters,” said Jason Trotter, El Pollo Loco franchise owner. “Our goal is to serve perfect ‘pollo’ all the time! We are excited to open our first El Pollo Loco restaurant in Louisiana—and we look forward to bringing our authentic Mexican grill to the residents of Lafayette!”
Rhonda Sharkawy and Lauren Ryan, leasing executives with Stirling Properties are the exclusive commercial brokers for El Pollo Loco in the state of Louisiana and are working to identify additional restaurant locations for the franchise. Ryan Pecot, leasing executive with Stirling Properties also represented the sellers in this transaction.
El Pollo Loco is publically traded and has more than 470 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah. El Pollo Loco is expanding its presence in key markets through a combination of company and existing and new franchisee development.
Expanding Commercial Real Estate Services in Southwest Louisiana
Stirling Properties is pleased to announce that it is expanding its commercial real estate services in Lake Charles and the Southwest Louisiana region. Seth Citron, Sales and Leasing Executive, will lead the company’s growth efforts in the area.
Citron, a former Lake Charles resident, has led brokerage services remotely in the area over the last couple of years, and will now be returning to establish a physical presence in the market beginning Monday, August 14th.
Southwest Louisiana has seen a considerable economic boom over the last couple of years. Population growth, increased job opportunities, and rapid business expansion is making Lake Charles one of the fastest growing regions in the state. The progression is also spurring commercial real estate development that is quickly attracting new retailers and business tenants.
“Stirling Properties has been active in Southwest Louisiana for many years, but the recent economic growth has provided us an opportunity to expand our services and put boots on the ground in the market again,” said Marty Mayer, President & CEO of Stirling Properties. “Having previously lived in Lake Charles, Seth is familiar with the area. He understands the local industry and will be a huge asset to the community.”
“As part of our overall company growth strategy, Stirling Properties continues to expand and diversify our brand and footprint in Southwest Louisiana—in all facets of commercial real estate opportunities,” said Citron. “Growth in this region has reached unprecedented heights and we look forward to serving its developing real estate needs.”
Citron joined Stirling Properties’ Commercial Brokerage Division in 2007. With a focus that includes representation of both landlord and tenant needs, he has a diversified portfolio of transactions in multiple facets of commercial real estate. He has knowledge and experience in numerous fields, including industrial, land, office, retail, and specific site selection needs. His particular geographical areas of expertise include Southwest Louisiana and specific markets of Lafayette, Lake Charles, Baton Rouge, Houma, and Alexandria. Citron is an active member of the International Council of Shopping Centers (ICSC) and Retail Brokers Network (RBN).
Seth Citron can be reached at (337) 572-0273 or scitron@stirlingprop.com
