Stirling Properties and Dorsey Development Announce New Tenants At Gentilly Retail Center In New Orleans
Stirling Properties and Dorsey Development announce new retail and restaurant tenants at the newly developed Gentilly Retail Center in New Orleans, Louisiana.
- Dollar Tree, a popular discount retail chain that sells items for $1 or less, will occupy 10,000 square feet.
- rue21 specialty discount retailer of young men and women’s casual apparel and accessories will occupy 6,917 square feet.
- Footaction national athletic footwear and apparel retailer will occupy 4,847 square feet.
- Kids Footlocker, offering kids shoes and clothing, will occupy 3,500 square feet.
- LA Nails and Hair Spa will occupy 2,368 square feet.
- WingStop, aviation-themed restaurant with a focus on chicken wings, will occupy 1,800 square feet.
All of the listed tenants are expected to open in early September of 2016.
Gentilly Retail Center is a newly developed retail strip center located at 4242 Chef Menteur Highway in the Gentilly neighborhood of New Orleans East, near Walgreens and the recently opened Walmart Supercenter. The surrounding commercial corridor is supported by one of the oldest suburban residential areas in Orleans Parish, Gentilly Woods, as well as Pontchartrain Park and the Baptist Seminary. The development project is currently underway and is expected to be completed by early September of 2016.
“We are eagerly anticipating the completion of Gentilly Retail Center. With such a great mix of tenants, we expect it to be a prominent shopping destination, as well as vital economic contributor to the area’” said Paul Dorsey, III, owner of Dorsey Development.
Dorsey Development is the property owner and developer. Dorsey Development is an integrated (development & construction) commercial real estate company located in New Orleans doing business in the Gulf South—having developed over 1.2 million square feet of retail for national retailers such as: Dollar General, Langenstein’s, Planet Fitness, Whitney Bank, Sav-A-Lot, Stage, Cato Corporation, Shoe Show, Napa Auto Parts, Citi Trends, Subway, Pizza Hut and others.
Dorsey purchased the property in 2015 from Lanasa Center Inc., represented by broker Jennifer Lanasa Evans of JLE & Associates.
Stirling Properties Sales and Leasing Executive, Joe Gardner, worked with Dorsey Development to bring the tenancy together, and the shopping center to life.
“Stirling Properties is proud to work with Dorsey Development in bringing quality restaurant and retail tenants to Gentilly Retail Center, and this growing marketplace. It’s been exciting to watch it all come together,” said Gardner. “We look forward to perpetuating and providing greater shopping and dining options for the area in the future.”
Stirling Properties has been at the forefront of commercial real estate management, investment and development in the greater New Orleans area and surrounding Southeast Louisiana region. Stirling Properties currently has more than 99 million square feet of property and land for sale or lease. Other Stirling Properties management and development projects in New Orleans include, Mid-City Market, Magnolia Marketplace, River Commons and Pan American Life Center, just to name a few.
For leasing information, contact Joe Gardner at jgardner@stirlingprop.com or (504) 620-8140.
Stirling Properties and CBL Announce New Tenants and Updates to Phase II of Fremaux Town Center in Slidell, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. are pleased to announce new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.
Albasha Greek & Lebanese Restaurant will occupy 3,745 square feet and is expected to open in September of 2016.
A new building suite is being constructed on the southeast side near Town Center Parkway, adjacent to Red Robin that will house three additional tenants. Smoothie King will occupy 1,000 square feet, including a drive-thru, Pacific Dental Services will occupy 3,005 square feet, and Chipotle Mexican Grill will occupy 2,225 square feet. All three tenants are expected to open in the first quarter of 2017.
A local Developer has purchased a 1.87-acre tract south of the shopping center and canal on Bill Garrett Road (I-10 Service Road) for the development of a 53,931-square-foot Springhill Suites by Marriott hotel, and will begin construction in the coming months. A new road, called Ruth Garrett Way, and additional utility infrastructure will be constructed to access the site. Ruth Garrett Way will connect Town Center Parkway and Bill Garrett Road, with anticipated completion by the first quarter of 2017.
Previously announced Allure Nail Spa opened late-May. Goodyear and Chico’s are still on track to open in the third quarter of this year.
Construction is complete on Springs at Fremaux Town Center, a 296-unit apartment complex, with residency available. Additional phases are coming soon, including other retail, an office park and Fremaux Park.
Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s and Best Buy, is a roughly 635,000-square-foot regional mixed-use retail development, located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. More than 60 retailers and restaurants occupy the center. Tenants currently open and operating include Bellagio Nail Spa, Best Buy, BJ’s Restaurant, Books-A-Million, Carter’s, Cheddar’s, Dick’s Sporting Goods, dressbarn, Felipe’s Mexican Taqueria, Five Guys Burgers & Fries, GNC, Great American Cookie Company, Kirkland’s, Kohl’s, LA Fitness, Lane Bryant, Massage Envy, Mattress Direct, Michaels, Panera Bread, Payless Shoes, PetSmart, Longhorn Steakhouse, Rack Room Shoes, rue21, Sports Clips, Starbucks, T.J.Maxx, Ulta Beauty, Verizon Wireless, Versona. 5 Below, Aveda, Bath & Body Works, Buckle, Capital One, Charlotte Russe, Claire’s, Dillard’s, Francesca’s, Forever 21 Red, Journeys, LensCrafters, LOFT, Luxe 83, Off Broadway Shoe Warehouse, Pier 1 Imports, Red Robin, Tesla (charging stations), Torrid, Victoria’s Secret, Which Wich and Zales.
Fremaux Town Center is currently 95% leased, and jointly owned by affiliates of CBL & Associates Properties, Inc. and Stirling Properties, LLC. 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. For more information regarding our services, please visit us at stirlingproperties.com. For information on Fremaux Town Center, visit fremauxtowncenter.com.
Statement from Stirling Properties and Read King regarding Fern Marketplace in Shreveport, Louisiana
Despite recent rumors, Whole Foods Market is still on track to open in Fern Marketplace this fall. The shell of the building is complete and interior work is underway. Permanent signage will be installed soon. Whole Foods Market has never wavered on their commitment to the Shreveport/Bossier City market, and representatives are expected to announce an official opening date within the next month.
Whole Foods Market will be the anchor tenant for the retail development. The long awaited grocer will soon join GRUB Burger, which has been in operation since the beginning of the year, and reporting high sales. Lee Nails is expected to open this summer.
We are in lease negotiations with several additional tenants and are excited to release those announcements over the next several months. We are confident in the future and prosperity of this area. The growth rate and location will be sure to allow the tenants at Fern Marketplace to experience substantial retail sales.
Fern Marketplace is a 29-acre retail project anchored by Whole Foods Market, consisting of roughly 275,000 square feet. The shopping center, developed by Houston-based Read King, is located at the northeast corner of East 70th Street and Fern Avenue, near the intersection of Youree Drive, which is the most heavily populated corridor of retail and services in Shreveport and Northern Louisiana. Most of the retailers committed to Fern Marketplace are either first-time locations within Shreveport or Louisiana, or both. Stirling Properties handles management and leasing of the property.
For leasing or sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com. For asset management information, contact Donna Taylor at (985) 898-2022 or dtaylor@stirlingprop.com.
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
University of South Alabama Appoints Stirling Properties’ Nathan Handmacher To Center for Real Estate and Economic Development Advisory Board
Stirling Properties commercial real estate company is pleased to announce that Nathan Handmacher, Senior Sales and Leasing Executive, has been appointed to the Advisory Board of the University of South Alabama’s (USA) Center for Real Estate and Economic Development.
The USA Center For Real Estate and Economic Development and the Real Estate Program select members of the local real estate industry to serve on the Advisory Board. Their mission is to achieve a high-quality educational program and real-world experience for USA students, respond to educational and informational needs of the local real estate community, and offer a curriculum that is nationally competitive.
Handmacher has been active in the commercial real estate business for more than 12 years, and has experience in all facets of the industry, including tenant representation, commercial sales and leasing, asset and property management, development, and investment sales. He has knowledge in every aspect of commercial real estate: office, retail, land and industrial properties. In addition to providing brokerage services, Handmacher currently manages a diverse portfolio of more than 600,000 square feet of retail, office and industrial property.
A native of Montgomery, Alabama, Handmacher is a graduate of the Terry College of Business at the University of Georgia with a degree in marketing. He currently resides in Fairhope with his wife and children, and is very active in the community. Handmacher is the Immediate Past President of the Mobile Touchdown Club, Board Member of the Mobile Area Jewish Federation, Treasurer of The Learning Tree, Inc., Trustee of the Springhill Avenue Temple, a member of the Program Committee of the Community Foundation of South Alabama, and a member of the 2006 Class of Leadership Mobile.
Nathan Handmacher can be reached at nhandmacher@stirlingprop.com or (251) 342-7229.
Stirling Properties is located in One St. Louis Centre, 1 St. Louis Street, Suite 4100 in Mobile. For more information regarding our services, please visit us at www.stirlingproperties.com.
Retreat at Acadian Point Gets a Makeover!
Stirling Properties is pleased to announce the completion of Retreat at Acadian Point in Lafayette, Louisiana, after an extensive remodeling project. A ceremonial ribbon cutting was held last week to celebrate the grand re-opening of the property.
Stirling Properties acquired the 2-story, 384-unit multi-family complex in August of 2015, and work began on a $4 million renovation. Interior upgrades include brushed nickel hardware, faucets and fans, full-size washer and dryers in all units, new GE appliance packages, new flooring, electronic access gates, new roofs, and more. Exterior upgrades include new swimming pool area, outdoor gas grills, outdoor lounge area and fireplace, updated landscaping, a new state-of-the-art fitness center and large dog park.
“Retreat at Acadian Point is updated with new features and finishes, both inside and out, that will enhance the quality living experience,” said Justin Landry, Asset/Finance Manager for Stirling Properties. “The property looks better than ever, and Stirling Properties is excited to provide Lafayette residents with affordable luxury at a time when the local economy faces some challenges.”
Retreat at Acadian Point is located at 221 Verot School Road in Lafayette, and is currently 92% occupied. Stirling Properties fulfills the role of Asset Manager for the property, while BH Management Services serves as the primary property management firm.
Stirling Properties continues to increase our company reach and footprint. In 2010, we strategically focused our attention toward commercial property acquisition, and creating opportunities for return-driven investors seeking to put capital into real, tangible property across the Gulf South. Earlier this year, we purchased Turtle Creek Crossing shopping center in Hattiesburg, Mississippi, marking the largest retail acquisition in our 40-year history! Since 2010, we have acquired over $200 million in property, totaling 2.1 million square feet—including the Pan American Life Center, which has become the hub of our New Orleans commerce.
The acquisition of Retreat at Acadian Point is part of our on-going growth strategy, bringing Stirling Properties’ multi-family portfolio to 1,293 units!
