Developers Break Ground on Nicholson Gateway in Baton Rouge
Stirling Properties was pleased to participate in the groundbreaking of Nicholson Gateway last week, a 28-acre mixed-use housing and retail development located on the northwest corner of Nicholson Drive and Skip Bertman Drive across from Tiger Stadium. The development will include a 1,700-bed student housing and athletic dormitory with study areas and green spaces, as well as roughly 50,000 square feet of university focused retail space.
Stirling Properties was selected as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE that specializes in student housing. Stirling Properties will also handle on-going retail property management.
“Stirling Properties is proud to be involved on the development team of Nicholson Gateway. This mixed-use project will not only enhance the LSU campus, but will provide an activity hub for students and visitors,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. ”In addition, this growth is creating much needed on-campus student housing, new job opportunities and economic development for the area.”
Nicholson Gateway is expected to be open to students for the fall semester of 2018. The development will transform one of the largest remaining underdeveloped tracts of university property, turning an overlooked area into an exciting new corridor.
For leasing information, please contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or (504) 620-8145; or Dottie Tarleton at dtarleton@stirlingprop.com or (225) 922-4253.
Stirling Properties Welcomes Northern Tool + Equipment To Lake Charles, Louisiana
Stirling Properties is pleased to welcome Northern Tool + Equipment to Park Plaza in Lake Charles, Louisiana. The company will be located at 3131 Gerstner Memorial Drive and plans to open in November of 2016.
Park Plaza Shopping Center is a 172,949-square-foot multi-tenant, neighborhood retail and restaurant center located at the intersection of I-210 and LA-14 in Lake Charles’ retail hub. Northern Tool + Equipment will join a great mix of established local and national retailers, including Family Dollar, Save-A-Lot, Altitude Trampoline Park, Citi Trends, Osaka Hibachi Restaurant, Beauty Supply, Louisiana Wireless, L.A. Fashions, Liberty Tax, Subway, EZ Checkloans and Sam’s Southern Eatery.
Stirling Properties Sales and Leasing Executive, Seth Citron, handled the lease transaction with Clay Mote of Dallas-based Venture Commercial. Northern Tool + Equipment will occupy 19,109 square feet in the former Conn’s space. This will mark the third Louisiana location for the company.
Family-owned and operated for more than 35 years, Northern Tool + Equipment has grown into a billion-dollar company with 95 stores in 19 states nationwide. It provides over 40,000 carefully chosen tools via catalogs, website and retail stores. The Northern Tool + Equipment store in Lake Charles will offer Louisiana residents a wide selection of portable generators, pressure washers, air compressors, power tools, welding equipment and many more quality equipment products, as well as a complete line of emergency storm supplies.
Lake Charles has recently made headlines as a major growth leader in southwest Louisiana, driven by massive industrial projects. According to recent reports, Lake Charles’ economy grew 8.3%, the 3rd-fastest in the nation, and job growth and sales taxes are exceeding the national average. This progression is quickly attracting new retail developments and tenants to the market.
“Lake Charles is one of the hottest areas in the state with upwards of $80 billion in anticipated industrial projects driving significant growth and job opportunities,” said Citron. “This is an exciting time for progress, and we are starting to see major retailers taking notice. Stirling Properties is proud to be a part of that growth, and to have the opportunity to help bring quality retailers to the area.”
For sales or leasing information, contact Seth Citron at scitron@stirlingprop.com or (337) 572-0273.
Ambassador Town Center 100% Leased!
Stirling Properties and CBL & Associates Properties, Inc. welcome four new tenants to Ambassador Town Center in Lafayette, Louisiana. Developers are pleased to announce the center is now 100% leased!
5 Star Nutrition has leased 1,759 square feet of space, with an anticipated opening in November. This marks the company’s 2nd location in south Louisiana, and 5th location for the state.
Orangetheory Fitness will occupy 3,300 square feet and is expected to open in December. This will be the 4th Louisiana location for the company.
Sprint will occupy 1,286 square feet and anticipates opening later this year.
Newly leased I Love Juice Bar is celebrating its 1st Louisiana location. It will occupy 1,250 square feet and also plans to open later this year.
Rounding out the tenants, previously announced Just 4 Him Men’s Haircut Lounge celebrated its grand opening last week, and Half Shell Oyster House is still on track to open next month. They join 30 other retailers and restaurants that call the shopping center home, including anchor tenants Costco Wholesale and Dick’s Sporting Goods/Field & Stream. Last month, developers also installed a public walking/jogging trail at the site for community use.
“The growth of Ambassador Town Center since its opening six months ago is impressive,” stated Michael Lebovitz, executive vice president, development and administration, CBL & Associates Properties, Inc. “We’re thrilled to add additional national names like Orangetheory Fitness – one of the fastest growing fitness franchises in the country – to our line-up and continue to offer the Lafayette community a vibrant and dynamic lifestyle destination.
“We are extremely proud of the success at Ambassador Town Center,” said Townsend Underhill, Senior Vice President of Development for Stirling Properties. “Getting a retail center of this size 100% leased within 6 months of its grand opening is a huge accomplishment in any community. The progress of this center truly represents the strength of the Lafayette market, especially during this challenging economic time.”
Ambassador Town Center is a roughly 60-acre premier regional shopping and entertainment destination, as well as a vital economic contributor to the area. With more than 430,000 square feet of retail space, the center offers a great variety of national and local shopping and dining options. Most of the retailers opened at Ambassador Town Center are either first-time locations within Lafayette or Louisiana, or both.
Located at the southeast corner of Lafayette’s ‘main-at-main’ intersection, Ambassador Caffery Parkway & Kaliste Saloom Road, the development also includes 5 Star Nutrition, 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, Half Shell Oyster House, I Love Juice Bar, Just 4 Him Men’s Haircut Lounge, Marshalls/HomeGoods, Nordstrom Rack, Off Broadway Shoes, Orangetheory Fitness, Panda Express, Panera Bread, PetSmart, Phone Zone, Professor Bob Beans Coffee Bar & Ice Cream Lab, Red Robin, Sprint, Subway, Tao Asian Cuisine, World of Beer and Verizon.
Stirling Properties and CBL & Associates Properties, Inc. formed a joint venture to develop the center, and construction began in January of 2015. The companies currently manage and lease the property. Ambassador Town Center has been credited with creating approximately 2,200 construction jobs, roughly 1,700 permanent jobs and nearly $9 million annually in sales taxes for the City of Lafayette.
