Starbucks Open At Pan American Life Center In New Orleans
Stirling Properties commercial real estate company welcomes Starbucks to the Pan American Life Center located at 601 Poydras Street in New Orleans’ Central Business District. A soft opening will be held today, and the coffee franchise will be officially brewing for the weekend.
Stirling Properties acquired the Pan American Life Center in 2010 as part of its expanding portfolio in the New Orleans market. A plan to convert the first floor to retail and restaurant space with more exterior exposure commenced late last year, and the build-out work was completed back in March.
Other tenants on track to join Starbucks on the ground level include Tsunami Sushi (opening late-summer of 2016) and Morris Bart concierge service. Additional retail space is available for lease.
For leasing information, please contact Rhonda Sharkawy, Stirling Properties Senior Retail Leasing and Development Executive, at rsharkawy@stirlingprop.com or (504) 620-8145. For office information, contact Gaines Seaman, Stirling Properties Sales and Leasing Executive, at gseaman@stirlingprop.com or (985) 620-8187.
Stirling Bossier Shopping Center 100% Leased and Occupied
Stirling Properties commercial real estate company is bringing quality development and retailers to Shreveport/Bossier City. Stirling Bossier Shopping Center Tract K2—the last of six planned phases—is now 100% leased and all tenants are open.
Going up on the last parcel of undeveloped land, Michaels, Kirkland’s, Massage Envy and Versona opened earlier this year to large crowds. Motherhood Maternity completed occupancy in the final remaining space last month. They join more than 40 other businesses that call the shopping center home, including anchor tenants Target, Sam’s Club, Belk and Academy Sports + Outdoors.
Stirling Bossier Shopping Center, located at the northeast corner of Interstate 220 and Airline Drive in Bossier City, Louisiana, is a 682,200-square-foot hybrid retail center that offers a great variety of national tenants and dining options. Bossier City’s residential growth, income growth, and tremendous traffic growth over the last 10 years has made the Shreveport/Bossier City MSA worthy of a two store market to many national retailers. Stirling Properties began development of the retail center in 2006, and currently holds the leasing and management contract.
Tenants Include Academy Sports + Outdoors, America’s Best Contacts & Eyeglasses, AT&T, Avocado California Roll & Sushi, Baskin-Robbins, Bed Bath & Beyond, Belk, Best Buy, Catherines, Capital One, Chick-fil-A, Dickey’s Barbecue Pit, FedEx Office, GlamRus, GNC, Justice, Kirkland’s, Lane Bryant/Cacique, Massage Envy, Mattress Firm, Maurices, Michaels, Men’s Wearhouse, Motherhood Maternity, Old Navy, Olive Garden, Papa Murphy’s Pizza, PetSmart, Progressive Bank, Ross Dress For Less, Sam’s Club, Santa Fe Cattle Co., Serenity Spas, Shoe Carnival, Smoothie King, Sun Tan City, Target, The Joint, ULTA Beauty, Versona, and Wonder Cuts.
“We are thrilled to see Stirling Bossier completed as our Investors envisioned and bring such a unique customer experience to the Shreveport/Bossier City area. This development showcases a number of exciting retail and restaurant options,” says Donna Taylor, Stirling Properties Senior Vice President-Asset Management & New Business. “Not only do the retail stores offer a variety for consumers, but they provide more job opportunities and economic growth for the area.”
Stirling Properties has been at the forefront of commercial real estate in Shreveport/Bossier City and surrounding areas of North Louisiana. Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, almost exclusively in Louisiana. Other Stirling Properties development, management and leasing projects in Shreveport/Bossier City include, Eastgate Shopping Center, Fern Marketplace Phase I & II, and Old River Marketplace, just to name a few.
Stirling Properties is located at 425 Ashley Ridge Blvd., Suite 116 in Shreveport, Louisiana.
For leasing 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.
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.
Mobile Office Market Assessment 1st Quarter 2016
Stirling Properties is pleased to present the 2016 first quarter Mobile Office Market Survey. This report, compiled by Jack Conger and Jill Meeks, Sales and Leasing Executives of our Mobile office, is intended to track the direction of the office market by establishing an absorption rate, a market occupancy rate and an average rental rate for West Mobile and the downtown Central Business District (CBD) on office buildings greater than 20,000 square feet. It was created to be a resource for agents, as well as tenants, landlords, developers, lenders, fellow brokers and anyone else looking for information about the Mobile Office market.
Jack Conger is our newest Sales and Leasing Executive in our Mobile office, focusing on industrial and office brokerage. Jill Meeks has over 27 years’ experience in commercial real estate.
Here’s an excerpt from Jack and Jill’s Market Assessment:
Since the Q3-15 survey, the office buildings surveyed in this report in West Mobile experienced a very modest increase in average occupancy rate from 80% to 80.1%, and the average rental rate decreased from $15.61 to $15.45/per square foot. West Mobile has a fair amount of older, unimproved office space available at below-market rental rates that contributes to low rental rates. We have seen several new Healthcare related expansions in West Mobile and expect that this trend will continue around the hospital campus.
In the CBD, there was a decrease in the occupancy rate from approximately 72% to 65.9%, and average rental rates decreased from $17.42 to $17.29/per square foot. The decrease in the occupancy rate is due in part to a few notable transactions: Regions Bank’s consolidation of its St. Francis Street and Water Street branches, Servis1st Bank’s relocation to the redeveloped Phelps Dunbar office at Royal and Dauphin Street, and lastly, BBVA Compass Bank and Phelps Dunbar’s move into RSA’s recently completed Van Antwerp renovation.
Overall leasing activity in updated CBD office buildings continue to be solid, along with demand for smaller renovated historic properties.
Please click here to view and download the PDF of the Mobile Office Market Survey. This survey provides a good summary of the Mobile office market and my hope is that it becomes a valuable resource in the market.
Stirling Properties Brokers Sale Of 16.1 Acres For Walmart Supercenter In Carencro, Louisiana
Carencro will soon have a WalMart Supercenter! Stirling Properties commercial real estate company has brokered the sale of 16.142 acres to Wal-Mart Real Estate Business Trust for the development of a WalMart Supercenter. The 182,000-square-foot store is expected to hire up to 300 workers.
The soon-to-be supercenter will be located at 3810 NE Evangeline Thruway in Carencro, South Louisiana, near the northwest corner of Interstate 10 and Interstate 49 intersection, just outside the City of Lafayette.
Ground was broken earlier this month, with anticipated opening in early 2017.
Stirling Properties Sales and Leasing Executive, Seth Citron and Senior Retail Leasing and Development Executive, Ryan Pécot handled the transaction.
“We are excited to be a part of the growing community in Carencro. Residents here have anxiously awaited the arrival of a WalMart, and now they are finally getting it,” said Seth Citron, Stirling Properties Sales and Leasing Executive. “Stirling Properties is happy to continue our long and successful relationship and brokerage history in South Louisiana and surrounding areas.”
Since 2011, Stirling Properties has handled 2,255 transactions, with $1.3 billion in commercial sales volume, and currently has more than 81 million square feet of property and land for sale or lease, almost exclusively in Louisiana. Stirling Properties management and development projects in the Lafayette area include Ambassador Town Center, Ambassador Row, Stirling Lafayette, Village at Southpark, Retreat at Acadian Point and Pinhook Office Center, just to name a few.
Stirling Properties is located in Pinhook Office Center at 1819 West Pinhook Road, Suite 200 in Lafayette, Louisiana. For more information regarding our services, please visit us at stirlingproperties.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.
