Stirling Properties and CBL & Associates Properties, Inc. Celebrate Grand Opening of Fremaux Town Center Phase II
Today, Stirling Properties and CBL & Associates Properties, Inc. (NYSE: CBL) celebrated the Grand Opening of Phase II of Fremaux Town Center in Slidell, Louisiana. This second phase of construction adds 283,000 square feet to the existing shopping center and is anchored by Dillard’s. The rest of Phase II expansion is already 86% leased.
“We are thrilled to celebrate the opening of this second phase of Fremaux Town Center. Phase II complements the existing tenants in the first phase and is another big part of growing the overall development,” stated Stirling Properties’ Senior Vice President of Development Townsend Underhill. “Fremaux Town Center offers a one-of-a-kind retail experience in the City of Slidell and Eastern St. Tammany Parish, with many of the retailers and restaurants to date that are new to the Northshore.”
“We’re excited to join Stirling Properties to celebrate the opening of phase two of Fremaux Town Center,” said Michael Lebovitz, Executive Vice President, Development and Administration of CBL & Associates Properties, Inc. “The expansion of this thriving retail complex has allowed us to add even more great retail and restaurant options that will further solidify Fremaux Town Center as the premier regional shopping destination.”
Today’s festivities included a ceremonial ribbon cutting, the Marine Corps Band of New Orleans and special guests Mayor Freddy Drennan, St. Tammany Parish President Pat Brister, and City of Slidell Council Members. “We are thrilled to have such a beautiful development in our City,” said Slidell Mayor Freddy Drennan. “I know our citizens are excited about the opening of Fremaux Town Center. I would like to thank Stirling Properties and CBL & Associates for all their efforts in bringing this development to Slidell and we look forward to developing the remaining 400 acres.”
Fremaux Town Center is 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 first phase of construction for Fremaux Town Center included 350,000 square feet of retail and is currently 98% leased and thriving. With its interstate location and high-visibility, Fremaux Town Center is expected to become a regional destination. “The expansion of this Town Center, represents many economic opportunities for the citizens of Slidell, and the whole of St. Tammany Parish,” Pat Brister, St. Tammany Parish President said. “Just as the first phase offered job opportunities and retail options to the consumer, not just in St. Tammany, but in the surrounding region, this phase will build upon that momentum.”
Tenants Opening in October
Dillard’s
Off Broadway Shoes
Forever21
Victoria’s Secret
Buckle
Charlotte Russe
LOFT
Red Robin
Bath & Body Works
Torrid
Journey’s
Zales
Luxe 83
Which Wich
Claire’s
Francesca’s
Tenants Opening Soon
Pier 1 Imports
Capital One
Chico’s
Aveda
Goodyear
Tesla Motors – Charging Stations
AND MORE TO COME!
For leasing information, contact Ryan Pecot at 337.572.0246 or rpecot@stirlingprop.com; Rodney Gordon at 423.553.8704 or Rodney.Gordon@cblproperties.com or Tim Gilmore at 423.490.8358 or Tim.Gilmore@cblproperties.com. For information on land surrounding Fremaux Town Center, please contact Dan Tate at 504.620.8132 or dtate@stirlingprop.com.
Tsunami Sushi Coming to Pan American Life Center in New Orleans
First Tenant Announced for First Floor Conversion
to Retail & Restaurant Space
Stirling Properties is excited to announce the addition of Tsunami Sushi to Pan American Life Center, located at 601 Poydras Street in New Orleans’ Central Business District. Pan American Life Center, a premier Class-A office building located at the prominent corner of Poydras Street and St. Charles Avenue, is set to undergo a first floor conversion to retail and restaurant space with more exterior exposure. Tsunami Sushi is the first announced tenant for the conversion with additional deals under negotiation.
The approximately 6,700-square-foot restaurant will be Tsunami Sushi’s fourth location and will open in late 2016. “We think it’s the perfect location for easy access for the neighboring businesses and residents as well as tourists” says Tsunami owner Michele Ezell. Tsunami Sushi is locally and regionally renowned with the success of their Lafayette location and in Downtown Baton Rouge on the top floor of the signature Shaw Center. “Tsunami will serve as the anchor for our conversion of the first floor to retail and restaurants. We are excited about the concept and the energy it will bring to our Pan Am building,” says Grady K. Brame, Executive Vice President at Stirling Properties.
Exciting information regarding the first floor conversion will be announced soon.
Rhonda Sharkawy and Dan Tate, both Sales and Leasing Executives with Stirling Properties, completed the transaction. Ms. Sharkawy represented the landlord and Mr. Tate represented Tsunami Sushi. For more information regarding Pan American Life Center, contact Gaines Seaman at gseaman@stirlingprop.com or call (985) 620-8187.
Stirling Properties’ Will Barrois Joins Board of Advisors of the Mobile Area Chamber of Commerce
Stirling Properties is pleased to announce that Will Barrois, Vice President/Regional Manager of Alabama and Florida, is now a member of the Mobile Area Chamber of Commerce Board of Advisors.
The Board of Advisors provides company executives an avenue for valuable input on critical Chamber and community issues, facilitates peer-to-peer interaction and provides a high level of recognition. The Board meets three times a year at various locations to listen to business and governmental leaders and other speakers address pertinent issues.
Stirling Properties Completes Acquisition of 384 Multi-Family Unit in Lafayette, La
Stirling Properties is pleased to announce the acquisition of the 384 multi-family unit “Retreat at Acadian Point” (formerly South Point Apartments) in Lafayette, La. The August 28th closing brings Stirling’s total number of units under management to 1,512.
This 80’s vintage complex will immediately begin significant upgrades including full size washer and dryers in all units, new appliances and flooring, electronically activated vehicular access gates, new roofs, new landscaping and a new state-of-the-art work out facility.
“Retreat at Acadian Point will capitalize on its excellent location and affordability providing Lafayette residents with affordable luxury at a time when the local economy faces some challenges,” states Jeffrey Marshall, Senior Vice President of Acquisitions. “We have a long history investing, developing, leasing and managing properties in Lafayette and remain committed to the City, Parish and its residents.”
Stirling Properties fulfills the role of Asset Manager for their multi-family portfolio while BH Management Services, based in Des Moines, Iowa, reports to Stirling Properties as the primary property management firm for all of Stirling’s 1,512 units.
For more information about Stirling Properties Acquisition Team and its objectives contact Jeff Marshall at (985) 246-3765 or jmarshall@stirlingprop.com.
Stirling Properties Welcomes Thomas Bryan to the New Orleans Team
Stirling Properties is pleased to announce the addition of Thomas Bryan to the Commercial Brokerage Division as Sales and Leasing Executive. Thomas will work from the company’s New Orleans, LA office located at 615 Baronne Street, Suite 100.
Mr. Bryan began his Commercial Real Estate career in 2007 and has since accrued a wealth of knowledge through leasing, sales and property management experience. He is currently responsible for the marketing and leasing of approximately 350,000 square feet of retail space. In addition to his retail landlord representation, Mr. Bryan has worked extensively with national, regional and local retail clients in a tenant representation capacity, including Lee Nail Spa, Alton Lane, Devon & Blakely, School of Rock, and MetroPCS to name a few.
Mr. Bryan is a native of Richmond, VA where he most recently worked as a Sales & Leasing Associate for CBRE. He is a graduate of the College of Charleston with a degree in Business Administration.
Mr. Bryan can be reached at 504-523-4481 or via email at tbryan@stirlingprop.com.
Mayor Drennan, LADOTD, and Stirling Properties Celebrate Opening of Town Center Parkway in Slidell, Louisiana
Today, Mayor Freddy Drennan joined representatives from the Louisiana Department of Transportation (LADOTD), Omni Pinnacle and Stirling Properties to celebrate the opening of Town Center Parkway in Slidell, Louisiana.
Town Center Parkway now connects two of Slidell’s Interstate 10 interchanges, Old Spanish Trail through Fremaux Town Center to Fremaux Avenue.
“The opening of the Town Center Parkway is a great benefit to our citizens as it provides easier access to Fremaux Town Center and other undeveloped properties. It is another main thoroughfare that connects north and south Slidell,” said Slidell Mayor Freddy Drennan. “I would like to thank Omni Pinnacle as the contractor for this project and Stirling Properties, the Louisiana Department of Transportation, Regional Planning Commission and Development and St. Tammany Parish Government for their assistance.”
LADOTD District 62 Administrator Allison Schilling added, “I am pleased that this much needed project, which connects US 190 Business to LA 433 is complete. It is so important that we continue to move forward with infrastructure projects that help drive economic development throughout our region.”
The completion of Town Center Parkway also opens up an additional 200 acres for development to compliment Fremaux Town Center including retail, office, residential and hospitality. For more information regarding the development please contact Dan Tate at dtate@stirlingprop.com or 504-523-4481.
