Walmart Grocery Pickup Location Coming to Metairie, Louisiana
Stirling Properties commercial real estate company is pleased to announce a recent lease to Walmart for a new standalone grocery pickup location in Metairie, Louisiana. The highly visible property is located at 615 Veterans Memorial Boulevard, between Aris and Focis Streets, in the former Whitney Bank location.
Photo courtesy of Walmart
Walmart will be renovating the existing building to include a roughly 4,000-square-foot, 2-story distribution facility. Work is expected to commence within the month, with an anticipated opening by the end of 2017.
The new-to-market grocery concept allows customers to order products online and pick them up at a selected location, usually a Walmart store. According to the retailer, more than 30,000 items—including produce, meat, seafood, dairy, bakery items, as well as health and beauty products–can be ordered online and picked up for free at designated sites.
The new facility on Veterans Memorial Boulevard will mark the first standalone grocery pickup location in the greater New Orleans region, allowing shoppers the convenience of a drive-thru site without ever having to exit their vehicles or visit a Walmart store. This facility also adds an additional grocery pickup location for consumers aside from the existing Walmart store located at 8912 Veterans Memorial Boulevard in Metairie.
Walmart is working to enhance its curbside pickup services in an effort to provide the same low prices as in stores, along with convenience to save customers time and money. Walmart is rapidly expanding grocery pickup locations, bringing the number to more than 1,000 sites nationwide.
Joe Gardner, CCIM, and Carly Plotkin, Sales & Leasing Executives with Stirling Properties handled the lease transaction on behalf of the landlord.
“Stirling Properties is excited to bring this new-to-market concept to the greater New Orleans region, while putting this high-profile property back into commerce,” said Gardner. “Consumer shopping behaviors are changing—they want choices and they demand convenience. Walmart is on the front lines in the push to provide omnichannel options for grocery shopping, and we hope this is just the first of more pickup locations to come to our area.”
What’s Happening at Fremaux Town Center?
Stirling Properties and CBL Properties are pleased to announce and welcome new tenants to Fremaux Town Center in Slidell, Louisiana.
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Pizza Platoon has leased 2,500 square feet of restaurant space as part of a new building suite that was recently constructed on the east side of Levis Lane, across from LensCrafters. Build out is underway for the space and the eatery plans to open in the summer of 2018. Kay Jewelers occupies the additional 2,000 square feet and opened this past Wednesday.
Previously announced, Rock N Roll Sushi will celebrate its grand opening soon. European Wax Center is now open.
Ruth Garrett Way, a new road that connects Town Center Parkway and Bill Garrett Road (I-10 Service Road), opened for public access late this summer. This new infrastructure will provide access and utilities to open up another 50+ acres for development including the upcoming Springhill Suites.
Springhill Suites by Marriott is still on track to begin construction early next year and plans to open in the fourth quarter of 2018. The four-story hotel will have 88 rooms and will be located on the south side of the shopping center at the corner of Ruth Garrett Way and Bill Garrett Road.
Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s, and Best Buy, is a roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. The center includes approximately 635,000 square feet of retail and restaurant options, as well as Springs at Fremaux Town Center’s 296 luxury residential apartment units, and Springhill Suites by Marriott soon under construction. Additional phases are coming soon with added residential, retail, and office park.
Tenants include Albasha Greek & Lebanese Restaurant, Allure Spa, Aveda, Bath & Body Works, Bellagio Nail Spa, Best Buy, BJ’s Restaurant & Brewhouse, Books-A-Million, Buckle, Capital One, Carter’s, Charlotte Russe, Cheddar’s, Chico’s, Chipotle Mexican Grill, Claire’s, Dentists of Slidell, Dick’s Sporting Goods, Dillard’s, dressbarn, European Wax Center, Five Below, Five Guys Burgers & Fries, Forever 21 Red, Francesca’s, GNC, Goodyear, Great American Cookie Company, Journeys, Kay Jewelers, Kirkland’s, Kohl’s, LA Fitness, Lane Bryant, LensCrafters, LOFT, Longhorn Steakhouse, Luxe 83, Marble Slab, Massage Envy, Mattress Direct, Michaels, Off Broadway Shoe Warehouse, Panera Bread, Payless Shoes, PetSmart, Pier 1 Imports, Pizza Platoon (coming 2018), Rack Room Shoes, Red Robin, Rock N Roll Sushi, rue21, Smoothie King, Sports Clips, Springhill Suites by Marriott (coming 2018), Starbucks, Tesla (charging stations), T.J.Maxx, Torrid, Ulta Beauty, Verizon Wireless, Versona, Victoria’s Secret, Which Wich and Zales.
Fremaux Town Center is currently 97% leased, and jointly owned by affiliates of CBL Properties and Stirling Properties. 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
What’s Happening at Hammond Square?
Stirling Properties commercial real estate company announces a new tenant and numerous community events at Hammond Square in Hammond, Louisiana.
Hammond Square is pleased to welcome End of the Lane to the shopping center tenant lineup. End of the Lane, LLC will occupy 4,005 square feet of space on Main Street (between Justice and rue 21) and plans to open on November 17th, 2017—just in time for the holiday shopping season. The retailer will feature holiday décor, gifts, home furnishings, toys, clothing, accessories, and more. This will be the 2nd location for End of the Lane with an existing store in Baton Rouge. Rhonda Sharkawy, Senior Retail Leasing and Development Executive with Stirling Properties, handled the lease transaction.
Hammond Square is a proud supporter of CASA (Child Advocacy Services) and Cottages for CASA, a playhouse fundraiser to generate public awareness and support for the work of CASA and its services in our ten parish area. Local builders, painters, and designers have created a unique playhouse that will be raffled off to one lucky winner. The CASA Playhouse will be on display at Hammond Square through November 10th, so come by and check it out! Don’t forget to get your raffle tickets for a chance to win this awesome Kid Course designed by Holly and Smith Architects in Hammond, as well as numerous other prizes. Tickets are $10 each and the drawing will be held on November 11, 2017.
Hammond Square is also a supporter of Southeastern Louisiana University (SLU). The shopping center is an honored sponsor of the upcoming Homecoming festivities to be held this Saturday, October 28th. Homecoming activities will be centered in Friendship Circle on campus starting at 1:30 p.m. The annual Homecoming parade rolls at 2 p.m., followed by the “Lion Walk” as Head Coach Ron Roberts and the team make their way through Friendship Circle to Strawberry Stadium at 4:30 p.m. The Lions will kick off against Sam Houston State at 7 p.m. and the 2017 Homecoming queen and king will be crowned at halftime.
SLU’s mascot, Roomie, made a surprise visit to some of our stores earlier this month to get everyone in the spirit and make sure they were stocked with plenty of SLU gear. Come to Hammond Square for all of your SLU attire and tailgating needs. Lion Up! Participants will also be throwing Hammond Square drink cozies at the parade on Saturday, so be on the lookout.
Every 2nd Saturday of the month during March through November, Hammond Square hosts the Golden Oldies Cruise Night car show from 5:00pm-9:00pm at the end of Main Street. The events are free and open to the public. ($2 entry for show cars) Come out and enjoy an evening at the Square!
Don’t forget to mark your calendars for the upcoming Christmas at the Square event on Saturday, December 9th from 10am-12pm. More details will be released soon.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. Anchored by Dillard’s, Target, The Home Depot, Sears, JCPenney, Academy Sports+Outdoors, and AMC Theatres, the 873,000-square-foot shopping center offers a dynamic mix of national and local retailers, shops, and restaurants. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
Tenants include Albasha Greek & Lebanese Restaurant, America’s Best Contacts & Eyeglasses, Bellagio Salon & Spa, Best Buy, Books-A-Million, Bra la Vie, Cato, Charming Charlie, Chase, Claire’s, East of Italy, End of the Lane (coming November 2017), Foot Locker, GNC, Great American Cookies, Hibbett Sports, Justice, Kay Jewelers, LA Nails Spa, maurices, Menchie’s Frozen Yogurt, Nagoya Sushi & Japanese Steakhouse, Norris & Co. Salon, Obsession, Olive Garden, Popcorn Bistro, Raising Cane’s, Rite Aid, rue21, Santa Fe Cattle Co., Shane’s Rib Shack, Shoe Dept. Encore, Smoothie King, Sport Clips Haircuts, Tailored, The Children’s Place, T.J.Maxx, ULTA Beauty, Verizon, Which Wich Superior Sandwiches, and Zales.
Connect with Hammond Square on the web at www.hammondsquare.com or “like” us on facebook.com/hammondsquare.
Red or White Wine & Gourmet Center coming to The Wharf in Orange Beach, Alabama
Stirling Properties commercial real estate company is pleased to announce that Red or White Wine & Gourmet Center is coming to The Wharf, located in Orange Beach, Alabama. Jeff Barnes, CCIM, Stirling Properties’ Broker, handled the lease transaction.
Red or White Wine and Gourmet Center will occupy 2,852 square feet of water-front space on the Ground Floor of Levin’s Bend, Suite D-128 at The Wharf, and plans to open in October of 2017. This will be the third location for Red or White in the coastal Alabama region, with existing sites in Mobile and Fairhope. The locally owned company features a wide variety of globally sourced retail wine selections, as well as a wine and tapas bar with an original menu and unique environment.
Positioned on 222 acres along the south side of the Intracoastal Waterway in Orange Beach, Alabama, The Wharf is one of the most dynamic and inviting mixed-use destinations along the Gulf Coast. Consisting of more than 376,000 square feet of commercial lease space, the current mix of tenants includes retail shopping and restaurant options, office and professional services, a 15-screen movie theater, a 112′ Ferris wheel, residential condominiums, convention space, meeting facilities, a 208-slip marina, a 132-room Springhill Suites by Marriott, and Burris Farm Market. Future plans include the development of prominent outparcels, including an exciting new zip line course scheduled to open in the fall of 2017.
For leasing information, contact Jeff Barnes, CCIM, at (251) 375-2496 or jbarnes@stirlingprop.com.
Stirling Properties Expanding Portfolio
Stirling Properties’ Asset & Property Management Team has recently secured several new management contracts, adding nearly 700,000 square feet to our commercial real estate portfolio. As part of our company-wide growth plan, Stirling Properties is expanding and diversifying our footprint into new asset types and geographic regions—and our asset & property management services continue to play a major role.
Earlier this year, Stirling Properties partnered with New Orleans-based PMAT to manage the company’s newly acquired shopping centers located across the Southeast, Sunbelt, Carolinas, Mid-Atlantic, and Midwest. As part of that ongoing partnership, we have added three new properties—Legacy Crossing and North Heights Plaza in Ohio, and Pavilions At Hartman Heritage in Missouri.
North Heights Plaza in Huber Heights, OH
Legacy Crossing is a 134,389-square-foot Kohl’s-shadow-anchored community center located at State Route 95 and US Route 23 in Marion, Ohio—across the street from Ohio State University’s Marion campus. The retail center includes a strong mix of tenants such as Hobby Lobby, MC Sports, Dollar Tree, AT&T, Starbucks, and Petco.
North Heights Plaza is a 295,348-square-foot retail center located at Troy Pike (SR 202) and Executive Blvd. in Huber Heights, Ohio (Dayton MSA). National tenants include Bed Bath & Beyond, Big Lots!, DICK’S Sporting Goods, Five Below, Hobby Lobby, and Party City.
Pavilions At Hartman Heritage is located at Interstate-70 and Little Blue Parkway in Independence, Missouri (Kansas City MSA). The 223,473-square-foot retail center included tenants such as Bed Bath & Beyond, buybuy BABY, Party City, Cost Plus World Market, David’s Bridal, and Half Price Books.
Stirling Properties also recently assumed the management and leasing contract of Ambassador Plaza, a 29,405-square-foot Albertsons-shadow-anchored retail center in Lafayette, Louisiana. We will also be taking over the management of Handsboro Square, a 156,500-square-foot Rouse’s Food Market-anchored center in Gulfport, Mississippi, which Stirling Properties currently leases.
Ambassador Plaza Lafayette, Louisiana
Once a management contract is secured, Stirling Properties will assign a customized team of professionals to create a strategic business plan specific to each asset to help accomplish the client’s goals and objectives. Asset and property management services are becoming more complex in today’s industry due to the challenges facing commercial real estate and the ever-evolving retail landscape. Additionally, we see a significant growth in diverse asset types, especially among office, industrial, and medical properties and tenant uses. As a result, more and more owners are outsourcing the responsibilities.
At Stirling Properties, we understand the intricacies of commercial real estate. Our experience spans multiple property types, including retail, restaurant, office, industrial, medical, and mixed-use. We have local market knowledge, and we stay apprised of shifts in the industry, especially consumer shopping habits and retail trends. As the demand for diverse property types is increasing, so are our service lines. Our team has extensive experience in office properties—in fact, this sector makes up nearly 20% of our overall portfolio. We have also recently partnered with several high-profile medical and industrial projects, helping to shape Stirling Properties into one of the most comprehensive asset & property management teams in the Gulf South.
Our management services go far beyond providing day-to-day operations. We work hard to create the best return on investment for our clients. Our team strives to create value through cost efficiencies, economies of scale in our markets, vendor relationships, insurance, crisis preparation and response, leasing, and project/construction management to give each asset an operating advantage. We look forward to working on these new properties, while also continuing to build upon the relationships and progress that we are making across our entire asset portfolio.
Stirling Properties manages more than 18 million square feet of commercial property, with 120 million square feet of property and land for sale or lease. Click here to view a comprehensive list of our managed and leased portfolio.
For asset & property management questions or information, please feel free to reach out to us. Our team would be happy to assist you.
Shreveport-Bossier City Retail Market Survey July 2017
Stirling Properties is pleased to present the semi annual Shreveport-Bossier City Retail Market Survey. This report, compiled by Stacy Odom and Karen McElroy, of our Shreveport office, is intended to give the reader a broad understanding of the market as well as specific information about the available square footage, occupancy and rental rates of each retail center greater than twenty thousand (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 Shreveport-Bossier City retail market.
Retail Market Assessment
Shreveport-Bossier City’s retail sector grew by eight percent (8%) since 2015 with the opening of three (3) grocery anchored community shopping centers – two (2) Kroger Marketplace anchored centers in Shreveport and Bossier City and a Whole Foods anchored center in Shreveport. The retail market is healthy as evidenced by the Community Shopping Center category which shows an increase of approximately 580,000 square feet with their occupancy rate remaining stable at 92%. Although the Neighborhood Shopping Centers experienced a large drop of occupancy to 77% due to the closures of Rite Aid and K-Mart, this vacancy was offset by occupancy increases in Specialty Shopping Centers and Regional Malls. With the addition of over 580,000 square feet of new construction and the proposed demolition of approximately 25,000 square feet at Bayou Walk Shopping Center in Shreveport, year-end 2016 net absorption was approximately 417,000 square feet for our retail market. Shreveport-Bossier City’s overall retail occupancy rate has remained relatively stable at 88% at year-end 2016.
