Grand Opening of Mid-City Market
Stirling Properties’ largest ground-up Retail Development in New Orleans
Today, Stirling Properties celebrates the grand opening of Mid-City Market, located at North Carrollton Avenue and Bienville Street in New Orleans. The 108,763 square-foot shopping center, anchored by a 54,390 square-foot Winn-Dixie, represents one the of the most significant retail developments in New Orleans since Hurricane Katrina. This highly anticipated urban development brings new retailers to an established, historical neighborhood. The Honorable Mayor Mitch Landrieu commented that, “Mid-City Market is proof that New Orleans is building back better than before. This project took once blighted and vacant properties and transformed them into a retail and restaurant hub for the community. It’s another example of a strong public-private partnership delivering new jobs, new tax revenue and new energy to this important corridor. The project also will nicely complement the nearby Lafitte Greenway, the linear park that will link neighborhoods and spur activity and redevelopment across the city.” Mid-City Market is a result of over $40 Million in private investment, illustrating Stirling’s continued commitment to the market. The center creates over 500 new jobs in the area. Mid-City Market was designed to complement and address the proposed Lafitte Greenway pedestrian and bicycle pathway that is scheduled to begin construction later this year and will border the shopping center. “We have been diligently pursuing this development for the better part of 4 years. Completing this project is the culmination of a great deal of work by many people. It is extremely gratifying for us all to see the fruits of our labor, this project is very exciting for the future of the City of New Orleans and the Mid-City neighborhood,” states Townsend Underhill, Senior Vice President of Development at Stirling Properties. To commemorate the Grand Opening, special guests Mayor Mitch Landrieu, Councilwoman Susan Guidry, and Winn-Dixie’s Regional Vice President Karena Niblett will attend. Stirling Properties’ President and CEO Marty Mayer and Senior Vice President of Development Townsend Underhill will address the audience at the event.
Tenants Now Open Winn-Dixie Office Depot Jefferson Feed Pet & Garden Center Panera Bread Pizza Hut LA Nails Spa
Tenants Opening Soon Verizon Wireless Felipe’s Taqueria Five Guys Burgers and Fries Pei Wei Asian Diner Ochsner Urgent Care Clinic Pinkberry GNC
For development inquires, contact Townsend Underhill, Senior Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at 985-246-3785. For information about leasing opportunities, contact Rick Skelding, Senior Broker Associate, at rskelding@stirlingprop.com or by phone at 504-620-8126.
Mid-City Market AFTER
Mid-City Market AFTER – Winn-Dixie and Plaza Buildings
Mid-City Market AFTER – Winn-Dixie
Stirling Properties & JCH Development to Develop Magnolia Marketplace Shopping Center in New Orleans, La.
Stirling Properties and JCH Development today announced the joint venture to develop Magnolia Marketplace Shopping Center in New Orleans, Louisiana. Construction will begin with the first building in the center, a 6,000 square foot building, with a 3,000 square foot Capital One bank branch. The Central City shopping center will be located at the intersection of South Claiborne Avenue and Fourth Street, adjacent to the larger future phases of the Magnolia Marketplace Shopping Center.
“We are proud to bring a high quality development to a severely underserved portion of the Claiborne corridor and return yet another vacant and blighted property in the City to commerce”, said Jordi Goodman, Development Manager for Stirling Properties.
“Our team is excited to introduce new services and shopping experiences, in a location that is accessible to the neighborhood as well as to all of New Orleans’ residents” said Tara Hernandez, President of JCH Development.
The 6,000 square foot center will serve as a catalyst to future development along the Claiborne corridor and will precede the balance of the Magnolia Marketplace Development located at South Claiborne and Toledano Streets slated for commencement in fall of 2013. Once completed the center will be 138,000 total square feet. Stirling and JCH have secured leases for 108,000 square feet with established national retail tenants. Stirling is currently in negotiation with tenants for the remaining spaces in the center and other tenant announcements will be forthcoming.
For more information, contact Jordi Goodman at jgoodman@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Stirling Properties Hires Ryan Juneau as Project Manager
Stirling Properties is pleased to announce the addition of Ryan Juneau as Project Manager.
In this position, Mr. Juneau will work in the Development Division overseeing new development, renovation and tenant build out projects, including construction management, tenant coordination, due diligence coordination and entitlement work amongst other duties.
Mr. Juneau brings with him over 10 years of experience in Acquisitions, Development and Project Management.
“We are very excited to welcome Ryan to the Stirling Development Team,” says Townsend Underhill, Senior Vice President of Development. “Ryan’s skillset and experience are very well suited to help grow and support our development efforts in the Gulf South. I believe that Ryan has the potential to have a significant impact on our organization.”
Mr. Juneau joins Stirling Properties from le Triomphe Property Group in Baton Rouge, Louisiana where he was responsible for all property development.
A graduate of Louisiana State University, Mr. Juneau earned a Masters of Business Administration and currently resides in Baton Rouge with his wife, Jaci, and their two children.
CBL & Associates Properties, Inc. and Stirling Properties Announce Dillard’s to Anchor Phase II of Fremaux Town Center in Slidell, LA
CHATTANOOGA, Tenn. & COVINGTON, La. – May 9, 2013 – CBL & Associates Properties, Inc., (NYSE: CBL) and Stirling Properties today announced that Dillard’s (Dillard’s, Inc. NYSE: DDS) will anchor the fashion-oriented Phase II of Fremaux Town Center in Slidell, Louisiana.
Phase I of the project is currently under construction with approximately 330,000 square feet anchored by Kohl’s, Dick’s Sporting Goods, Michael’s, T.J.Maxx, and Best Buy. Phase II will include up to 320,000 square feet of additional retail space. The grand opening for Phase I is scheduled for March 2014, with construction on Phase II set to begin around that same time with an opening in spring 2015.
“With construction underway on Phase I, we are pleased to welcome a key department store such as Dillard’s to Phase II,” said Michael Lebovitz, CBL’s executive vice president – development and administration. “The traction we are receiving from retailers for both phases is a testament to the strength of the market and its increasing demand for retail.”
“Fremaux Town Center has tremendous momentum at this stage and we are thrilled with Dillard’s decision to join the project,” said Townsend Underhill, Stirling Properties’ senior vice president of development. “Upon completion of both phases we believe this project will be the premier retail property in the Slidell market and something that local residents can be very proud of.”
Dillard’s will open a single-level, 126,000-square-foot store featuring a large selection of fashion apparel, cosmetics and home merchandise tailored specifically to the tastes and preferences of Dillard’s Slidell-area customers. These assortments will reflect the Company’s strong commitment to provide shoppers with more choices in premium brands, including Dillard’s exclusive label merchandise. Dillard’s at Fremaux Town Center will feature the company’s latest advances in store design and presentation.
Dillard’s Chief Executive Officer, William Dillard, II, stated, “We are pleased to announce our commitment to Fremaux Town Center. We enjoy a strong relationship with our Slidell area customers and we are looking forward to serving them at an even higher level. CBL and Stirling Properties are building a premier destination center and we are happy to be part of it.”
Fremaux Town Center Phase I is currently more than 70% leased with committed retailers such as Dick’s Sporting Goods, Michaels, Kohl’s, PetSmart, T.J.Maxx, LongHorn Steakhouse, dressbarn, ULTA Beauty, Lane Bryant, Rack Room Shoes, Best Buy and Versona Accessories. Fremaux Town Center will be located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, LA. Slidell is the largest municipality in St. Tammany Parish on the northern shore of Lake Pontchartrain near the city of New Orleans. The area has experienced significant growth following Hurricane Katrina. With its interstate location and high-visibility, Fremaux Town Center is expected to become a regional destination. Stirling is leading the development of the project and CBL and Stirling are jointly leasing and marketing the center.
For leasing information, please contact Ryan Pecot by telephone at 337.572.0246 or by email at rpecot@stirlingprop.com or Rodney Gordon by telephone at 423.553.8704 or by email at rodney_gordon@cblproperties.com.
For information on available outparcels, please contact Ryan Pecot or Robert Snetman by telephone at 423.490.8333 or by email at robert_snetman@cblproperties.com
About Dillard’s, Inc.
Dillard’s, Inc. ranks among the nation’s largest fashion apparel and home furnishings retailers with annual revenues exceeding $6.5 billion. The Company focuses on delivering maximum fashion and value to its shoppers by offering compelling apparel and home selections complemented by exceptional customer care. Dillard’s stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources. The Company operates 283 Dillard’s locations and 18 clearance centers spanning 29 states. For more information about Dillard’s, please visit www.dillards.com.
About Stirling Properties
A member of the Retail Brokers Network, Stirling Properties is a regional real estate firm offering comprehensive services in development; commercial brokerage; property and asset management; investment sales; and property owner and tenant representation. Stirling Properties’ portfolio includes over 14 million square feet of managed property and 60 million square feet of commercial properties for sale or lease. With offices located in Jackson, Mississippi; Baton Rouge, Lafayette, New Orleans, Metairie, Covington, Hammond, and Shreveport/Bossier City in Louisiana, Stirling is one of the largest real estate firms in the Gulf South. Connect with Stirling Properties on the web at www.stirlingproperties.com, “like” us at facebook.com/stirlingproperties, follow us @StirlingProp on twitter.com/StirlingProp or subscribe to our Stirling Insights blog.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 158 properties, including 96 regional malls/open-air centers. The properties are located in 31 states and total 92.7 million square feet including 10.5 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com.
Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” incorporated by reference therein, for a discussion of such risks and uncertainties.
Stirling Properties’ Chris Abadie and Dick Cyr Now Hold ICSC Professional Certifications
Chris Abadie
Dick Cyr
Stirling Properties is pleased to announce that Chris Abadie, Vice President and Manager of Commercial Brokerage, and Dick Cyr, Senior Project Manager, are now International Council of Shopping Centers (ICSC) Certified professionals. Mr. Abadie is now an ICSC Certified Leasing Specialist (CLS) and Mr. Cyr is now an ICSC Certified Development, Design and Construction Professional (CDP).
ICSC estimates that less than 10% of industry professionals have achieved this important status, setting Mr. Abadie and Mr. Cyr, as well as Stirling Properties, apart from the rest.
With over 6,000 designees in 55 countries, ICSC certification programs are a mark of excellence. Certifications focus on raising industry professional standards worldwide and give special recognition to shopping center professionals who demonstrate the highest levels of competency in their industry through professional education, experience, ethics, and by passing a rigorous examination.
Stirling Properties’ Commercial Agents among Top Producers at Annual CID Awards Ceremony
Stirling Properties’ commercial agents were honored during the New Orleans Metropolitan Association of Realtors Commercial Investment Division’s 20th annual awards banquet held Friday, April 5, 2013 at the New Orleans Country Club.
Leading the way was Rhonda Sharkawy, who received the F. Poche Waguespack Award for having the highest volume of sales and leases in the marketplace for the year. Rhonda’s volume for 2012 included 72 deals and totaled more than $25 million. This is her third consecutive year to receive this honor and one of only a handful of women to achieve it since it was created back in 1964.
In addition to celebrating the top producers and transactions of 2012, the awards ceremony also recognized commercial agents who passed the $2 million mark in sales. Also recognized was Gaines Seaman who received the Overall Top Office Producer Award with more than $18 million in volume and Joe Gardner who eclipsed the $2 million for the first time with a volume of $4.6 million.
