Stirling Properties And CBL & Associates Properties, Inc. Announce Grand Opening Of Ambassador Town Center In Lafayette, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. announce the Grand Opening of Ambassador Town Center and welcome new tenants. A formal ribbon cutting ceremony will be held next week, with newly elected Parish President Joel Robideaux and other local dignitaries.
Stirling Properties and CBL & Associates Properties, Inc. formed a joint venture to develop the center, and with less than two years of planning, construction began in January of 2015. Though not initially contracted to develop the highly anticipated retail center, Stirling Properties and CBL were able to adapt and deliver the project in an exceptionally timely manner when previous developers could not. The first tenant, Nordstrom Rack, opened last weekend to significant crowds despite the fierce weather conditions. Costco Wholesale and Marshalls/HomeGoods opened Thursday, March 17th.
Ambassador Town Center has already created approximately 2,200 construction jobs, and is expected to generate roughly 1,700 permanent jobs and nearly $9 million annually in sales taxes for the City of Lafayette, providing a huge boost for the local market.
Stirling Properties has been at the forefront of commercial real estate investment and development in Lafayette and surrounding areas of South Louisiana. At a time when the local economy is fragile, Stirling Properties is bringing quality development and retailers to the area. At completion, Ambassador Town Center is expected to be the premier regional shopping and entertainment destination, as well as a vital economic contributor to the area.
Research shows shoppers are spending more in home supply, clothing, and sporting goods stores, among others. And people are still eating out. Sales at restaurants and bars has jumped from last year. Consumer spending is healthy at many similar retail centers across the region.
“We are excited to celebrate the grand opening of Ambassador Town Center and bring a unique customer experience to the Lafayette market,” said Michael Lebovitz, Executive Vice President, Development and Administration, CBL & Associates Properties, Inc. “This development brings a number of exciting retail and restaurant options, most of which are new to the market.”
“We are confident in the future and prosperity of this area. Ambassador Town Center is positioned in an excellent location that is experiencing tremendous growth and attracting new retailers,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. “We are happy to continue our long and successful development history in the City of Lafayette.”
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 Lafayette include Ambassador Row, Ambassador Row Courtyards, Stirling Lafayette and Village at Southpark, just to name a few.
Ambassador Town Center is a roughly 60-acre retail project anchored by Costco Wholesale and Dick’s Sporting Goods/Field & Stream, consisting of more than 430,000 square feet. Located at Lafayette’s ‘main-at-main’ intersection, Ambassador Caffery Parkway & Kaliste Saloom Road, the development will also include Avalon Salon & Spa, BJ’s Restaurant & Brewhouse, Blaze Pizza, Chuy’s Mexican Restaurant, Costco Gasoline, Dickey’s Barbecue Pit, Five Below, Freddy’s Frozen Custard & Steakburgers, Marshalls/HomeGoods, Nordstrom Rack, Off Broadway Shoes, Panda Express, Panera Bread, PetSmart, Phone Zone, Professor Bob Beans, Red Robin, Subway, Tao Japanese Cuisine, World of Beer, Verizon, and more supporting shops and restaurants to come. The retail center is currently 97% leased. Most of the retailers committed to Ambassador Town Center are either first-time locations within Lafayette or Louisiana, or both.
For more information, please visit stirlingprop.com or cblproperties.com.
For leasing information, contact Ryan Pecot at 337.572.0246 or rpecot@stirlingprop.com or Tim Gilmore at 423.490.8358 or Tim.Gilmore@cblproperties.com. For information on Ambassador Town Center, please visit ambassadortowncenter.com.
Stirling Properties Names Peary Forrest As Project and Operations Manager
Stirling Properties is pleased to announce Peary Forrest as Project and Operations Manager for its Perkins Rowe property in Baton Rouge, Louisiana. Peary will work from the company’s Perkins Rowe Office located at 10202 Perkins Rowe, Suite 195.
Stirling Properties holds the contract for Leasing, Sales, and Property and Construction Management for the Perkins Rowe mixed-use development. As Project and Operations Manager, Peary will manage retail, office, and residential buildouts, as well as daily operations with vendors and contractors.
Forrest moved to Baton Rouge from Jackson, Mississippi. He has more than 10 years of experience in facilities management, previously working as Director of Plant Operations for Brentwood Behavioral Healthcare. Prior to that, he worked as a manufacturing/industrial engineer for manufacturers such as La-Z-Boy and Goodyear Tire & Rubber. Forrest attended Delta State and Cameron Universities where he studied Industrial Technology.
Peary Forrest can be reached at (225) 329-0284 or pforrest@stirlingprop.com
Stirling Properties Names Jack Conger As Sales and Leasing Executive
Stirling Properties is pleased to announce Jack Conger as Sales and Leasing Executive for its Commercial Brokerage Division located in Mobile, Alabama. Conger will work from the company’s Mobile Office located at One St. Louis Centre, 1 St. Louis Street, Suite 4100.
With an emphasis on industrial and office brokerage, Conger joined Stirling in February of 2016 and is actively involved in Stirling University, a comprehensive 3-month training program for new agents, as well as working with the company’s senior brokers in a support role. He graduated from the University of Alabama with a Bachelor’s degree in Human Environmental Sciences.
Prior to working for Stirling, Conger was the General Manager of his family’s restaurant business located in San Antonio, Texas. He now resides in Mobile, Alabama, with his wife and daughter.
Jack Conger can be reached at (251) 342-7229 or jconger@stirlingprop.com.
Stirling Properties Announces New Real Estate Transactions In South Alabama
Stirling Properties commercial real estate company is pleased to announce new transactions in Orange Beach, Mobile and Spanish Fort, Alabama.
- Cowgirls Inc. restaurant and nightclub will occupy 16,000 square feet at The Wharf located at 23101 Canal Road in Orange Beach and is expected to open on March 1, 2016. Stirling Properties Broker, Jeff Barnes, handled the transaction.
- Rio Mexican Restaurant will occupy 2,987 square feet at Aircrest Plaza located at 6401 Airport Boulevard in Mobile with anticipated opening date in the spring of 2016. Stirling Properties Broker Associate, Angie McArthur, represented the tenant and Colby Herrington with Herrington Realty, Inc. represented the property owner.
- Tetra Tech engineering firm has renewed its lease for 1,675 square feet of office space at the Wells Fargo Building located at 61 St. Joseph St. in Mobile. Stirling Properties Senior Sales and Leasing Executive, Jill Meeks, handled the transaction.
- Michael Ross Jewelers will move to occupy 2,400 square feet at Hillwood Shopping Center and is expected to open in the spring of 2016. Hillwood Shopping Center, anchored by Publix Super Market, is located at 2370 Hillcrest Road in Mobile, Alabama. Stirling Properties’ Angie McArthur represented the tenant and Michael Reid with White-Spunner Realty represented the property owner.
- Doctors Diet Program, a medical weight loss company, will occupy 2,100 square feet at Eastern Shore Plaza in Spanish Fort, AL and is expected to open in the spring of 2016. This will be their 1st location in Baldwin County. Eastern Shore Plaza regional power center, anchored by Best Buy, PetSmart, Michael’s, and Ross Dress for Less, is located on the eastern shore of Mobile Bay at the northeast intersection of I-10 and State Highway 181, adjacent to Eastern Shore Centre. Angie McArthur represented both sides in the transaction.
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.
Stirling Properties and CBL & Associates Properties, Inc. Announce New Tenants and Updates to Phase II of Fremaux Town Center in Slidell, Louisiana
Stirling Properties and CBL & Associates Properties, Inc. are excited to announce new tenants and updates to Phase II of Fremaux Town Center in Slidell, Louisiana.
- Recently leased Books-A-Million will be moving from its current location at Northshore Square Mall to occupy a 7,500-square-foot space at Fremaux Town Center and is expected to open on March 3rd.
- Allure Nail Spa, a 1,944-square-foot nail salon will open in the spring of 2016.
- LensCrafters, providing prescription eyewear and sunglasses, will occupy 3,830 square feet and will open in the spring 2016.
- 5 Below discount store will occupy 8,024 square feet and is expected to open April 6th.
Previously announced Pier 1 Imports will open March 21st and Capital One on March 28th. Aveda and Goodyear are expected to open in the spring of 2016, with Chico’s opening in the third quarter. Tesla Motors has completed their installation of 8 charging stations.
Phase II tenants currently open and operating include Red Robin, Zales, Francesca’s, Off Broadway Shoe Warehouse, Victoria’s Secret, Buckle, Charlotte Russe, LOFT, Bath & Body Works, Journeys, Claire’s and Which Wich.
“Stirling Properties is thrilled to add even more great retail and restaurant options that will further solidify Fremaux Town Center as a premier regional shopping and entertainment destination, as well as a vital economic contributor to the area,” said Senior Vice President of Development Townsend Underhill. “Fremaux Town Center offers a one-of-a-kind retail experience in the City of Slidell and St. Tammany Parish, with many retailers and restaurants that are new to the Northshore.”
Fremaux Town Center is located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana near the city of New Orleans.
The first phase of construction for Fremaux Town Center included roughly 350,000 square feet of retail anchored by Dick’s Sporting Goods, Kohl’s and Best Buy. Phase II, anchored by Dillard’s, celebrated its grand opening late last year and added roughly 283,000 square feet to the existing shopping center. Following the opening of Phase II, a large portion of tenants reported increased foot traffic and sales.
More than 47 retail outlets and restaurants are currently operating in the center. Junior anchors include TJ Maxx, Michael’s and PetSmart. Outparcels include Longhorn Steakhouse and Cheddars, with several outparcel opportunities still available. A variety of spaces exist for small shops and junior anchors to benefit from the opportunities these national anchors and high traffic counts present.
Construction continues on Springs at Fremaux Town Center, a 296-unit apartment complex, and is on track to be 100% completed in March with residency available. Additionally, two sites are under contract to hotel developers, and construction should start in the second quarter of 2016.
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 www.stirlingproperties.com. For information on Fremaux Town Center, visit www.fremauxtowncenter.com.
Stirling Properties Announces Recent Transactions in Mobile, Alabama
Welcomes new tenants to Bel Air Office Tower
Stirling Properties commercial real estate company announces two new tenants and one renewal at Bel Air Office Tower in Mobile, Alabama.
- Alabama Department of Revenue, occupying 26,030 square feet for a 15-year lease term, with anticipated opening date in summer of 2016.
- Bankers Life and Casualty Co., offering life insurance and retirement planning services, will occupy 4,399 square feet for a 5-year lease term and is expected to open in March 2016.
- Walker Jewelers, a fine jewelry retailer occupying 1,722 square feet, has renewed its lease for a 3-year term.
Bel Air Office Tower is located at 851 I-65 Service Road in Mobile, Alabama. Stirling Properties worked on behalf of the owner in cooperation with Cushman & Wakefield/EGS Commercial Real Estate for all of the listed transactions. For more information, please contact Jason Scott, Senior Sales and Leasing Executive with Stirling Properties in Mobile.
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.
