Stirling Properties Celebrates Groundbreaking of Dana Incorporated Service and Assembly Center in Slidell, Louisiana
Marks 1st of industrial expansion efforts in Fremaux mixed-use development.
Pictured L to R: Michael Unrein, Dave Hunt, Craig Nichols, Ed Greif, Mayor Greg Cromer, Parish President Pat Brister, Don Shea, Councilman Val Vanney, Councilman Kenny Tamborella, Councilwoman Leslie Denham, Debe Levis, Townsend Underhill
Stirling Properties and St. Tammany Parish community leaders celebrate the groundbreaking of the new Dana Incorporated (NYSE: DAN) Service and Assembly Center at Fremaux Park in Slidell, Louisiana. A formal turning-of-the-dirt ceremony was held with Honorable Pat Brister, St. Tammany Parish President; Honorable Greg Cromer, Mayor of Slidell; Ed Greif, General Manager of Off-highway for the Americas with Dana Incorporated; Don Shea, CEO of East St. Tammany Chamber of Commerce; and Townsend Underhill, President of Development with Stirling Properties. Fremaux Park is the mixed-use property surrounding the Fremaux Town Center retail development.
Stirling Properties is developing the nearly 32,000-square-foot industrial facility located at the corner of Town Center Parkway and Old Spanish Trail for Dana. The new site will house the relocation and expansion of its service and assembly center, which specializes in repairing and refurbishing large-scale industrial gearboxes. The company’s current operations in Slidell will transition to the larger facility to meet the growing demand for industrial gearbox service, repair, and refurbishment.
Construction on the site began in November and is expected to be completed in the summer of 2019. Bradley Cook, Sales & Leasing Executive with Stirling Properties, worked with the company to identify and secure the location.
Bradley Cook, Debe Levis, Marc Bourgeois, Billie Semmes, Townsend Underhill, Cher Levis Hunt, Dick Cyr, Patrick Malik
Dana is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery. Dana supports the passenger vehicle, commercial truck, and off-highway markets, as well as industrial and stationary equipment applications. Founded in 1904, Dana employs more than 30,000 people in 33 countries on six continents.
“Dana in Slidell has a highly experienced team of service and repair professionals who are committed to meeting the needs of our customers,” said Dave Hunt, director of service and manufacturing operations for Dana Off-highway Drive and Motion Technologies. “This new facility will grow our service and repair business, while expanding our capabilities to manufacture gears on-site, reducing lead times for our customers.”
“A project of this scope—with projected growth to double in size and employment—this is a tremendous opportunity for Slidell and the entire parish,” said Greg Cromer, Mayor of Slidell. “Fremaux Park is a great development with retail, residential, and business all combined. It’s what we want to do—live, work, and play in one place. This is exactly how we want to grow our community, and this is how we are going to do it. We thank Dana for helping to lift up our community and becoming a good corporate partner, and we look forward to a long relationship with them.”
“I want to thank Dana Incorporated for choosing Slidell — and St. Tammany Parish, to locate this facility. We know you have a choice and we appreciate you choosing us. We look forward to the economic invigoration and diversity this facility will spur,” said Pat Brister, St. Tammany Parish President. “We appreciate the upcoming employment opportunities for our educated and ready workforce. We look forward to a good working relationship with Dana.”
“Stirling Properties is thrilled to welcome Dana to Fremaux Park and celebrate the groundbreaking of this site,” said Townsend Underhill, President of Development with Stirling Properties. “This is a huge economic win for Slidell and the surrounding greater New Orleans region. Dana is a world-wide company with a global footprint. This new facility will be a unique operation nationally—and the building was designed with ample flex space to allow for future expansion. We look forward to working with Dana and having them as an anchor tenant in the Fremaux Park development.”
Fremaux Park is part of the roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. It includes Retreat at Fremaux Town Center’s 296 luxury residential apartment units, Saltgrass Steak House (coming soon), and Springhill Suites by Marriott soon under construction. Additional phases are coming soon with added residential, retail, industrial, and office park. The adjoining Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s, and Best Buy, includes more than 640,000 square feet of retail and restaurant options.
For leasing or sales information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Bradley Cook at 985.246.3720 / bcook@stirlingprop.com.
Excitement Grows As The Fort Moves To Completion
Congratulations to Angie McArthur & Jeff Barnes, leasing agents with Stirling Properties, on the launch of the new container park in Spanish Fort Town Center!
Stirling Properties is so excited, we can’t CONTAIN it! The Fort, a new container park coming to Spanish Fort Town Center, is 100% leased and on-track to open in December. An official opening date and grand opening festivities will be announced soon.
Upon completion, The Fort will consist of approximately eight shipping containers that will be repurposed and transformed into functioning restaurants and shops, and will share a common open-air environment where patrons can sit and dine.
All tenants in the container park have been secured, including Beakers Coffee/Sno Biz, Blues Burger, Deuce Coop, Dickey’s Barbeque Pit, Dragonfly Taco Bar, Happy Pizza, Soul Bowlz, and Tap Station. There will also be a retailer on-site stocked with “The Fort” official merchandise.
Last month, The Spanish Fort City Council approved the new development as an entertainment district, allowing patrons over the age of 21 to openly carry alcoholic beverages outdoors. This is a significant designation for The Fort, making it easier for visitors to move freely through the shared space of restaurants and shops.
Property owners, Dallas-based Cypress Equities, broke ground on the container park in September and the containers arrived on site in October. The Fort was initially expected to open in November of 2018, but construction delays due to inclement weather have pushed the opening back to December.
Angie McArthur, Broker Associate, and Jeff Barnes, Senior Investment Advisor/Broker Associate with Stirling Properties, serve as the leasing team for Cypress Equities and have been working with the overall Spanish Fort Town Center project since 2015.
“The addition of such an innovative concept has already created a new wave of energy and anticipation for Spanish Fort Town Center,” said McArthur. “And all of the excitement around The Fort has translated to new leases within the retail center. It’s thrilling to see the momentum of this project moving into the new year—and as a result, we look forward to welcoming new tenants to the space very soon!”
Spanish Fort Town Center, anchored by Bass Pro Shops, Kohl’s, and JCPenney, is a 230-acre premier master-planned development located at the intersection of Interstate 10 and U.S. Highway 98 in Baldwin County. The center includes 450,000 square feet of retail and restaurant space, an apartment community, hotels, banks, and entertainment options.
Over the last year, Stirling Properties has helped to successfully secure more than 44,000 square feet of new leases for the retail center, adding Urban Air Trampoline and Adventure Park, Beauty World (currently under construction next to Kohl’s), Direct Furniture, Oishi Japanese Bar & Grill, and Tots2Teens Fun Salon to the diverse tenant lineup. McArthur and Barnes are also currently in negotiations with various retailers that will add another 30,000 square feet of shopping and dining options to the center.
In conjunction with the new container park, Spanish Fort Town Center is also launching “The Village,” a unique boutique retail concept that will consist of small and specialty shops such as food options, fitness providers, clothing, gifts, candles, accessories, and salon services. Spanish Fort Village will deliver a pedestrian- and family-friendly, urban environment unlike anything else in the market area. Leasing for space is currently underway. These units are located across from Urban Air Trampoline and Adventure Park and The Fort.
For Spanish Fort Town Center leasing & sales information, contact Jeff Barnes, CCIM, at (251) 375-2496 / jbarnes@stirlingprop.com or Angie McArthur at (251) 375-2481 / amcarthur@stirlingprop.com.
Come Celebrate Christmas at the Square!
Tis’ the season to celebrate! Join us at Hammond Square for the 6th Annual Christmas at the Square celebration in Hammond, Louisiana, on Saturday, December 8th from 10am-12pm. This FREE event is open to the public and a holly jolly time for all ages!
Santa and Mrs. Claus will be in attendance to help spread the holiday cheer. The celebration will feature a petting zoo, pony rides, face painting, a caricature artist, a live radio remote with Cajun 107.1 and more.
During the event, Hammond Square will also be collecting personal care items for Our Friends Closet, a community based nonprofit organization that provides hygiene and personal care products to low income, homeless and unaccompanied students in need. Please help us make the holidays special for middle and high school students in Tangipahoa Parish by donating items such as toothbrushes, toothpaste, body wash, feminine products, laundry pods, face wipes, socks and more. Stop by Our Friends Closet’s booth to drop your items during the event!
So come out and celebrate Christmas at the Square with us…and Santa Claus! While you’re there, don’t forget to visit Hammond Square’s great retail stores and restaurants for all your Christmas shopping and holiday needs.
Visit HammondSquare.com or “like” us on facebook.com/hammondsquare for a complete list of retailers and events.
Hammond Square and Stirling Properties Celebrate Grand Opening of Hammond Square Self Storage
Ribbon cutting ceremony held with community leaders.
Hammond Square, Stirling Properties, the Greater Hammond Chamber of Commerce, and Hammond area community leaders celebrated the Grand Opening of Hammond Square Self Storage. A formal ribbon-cutting ceremony was held with Hammond Mayor Pete Panepinto; Grady Brame, Executive Vice President with Stirling Properties; Jimmy Maurin, founder of Stirling Properties; and Julie Perise, Member Relations Director with Greater Hammond Chamber of Commerce. We would like to give a special thanks to Michael Brumfield, CEO of State Bank & Trust, who served as the lender for the project.
Pictured L to R: Grady Brame, Jimmy Maurin, Bobby Maurin, Mayor Pete Panepinto, Traci Hursey, Sara Simms, Townsend Underhill, Kyle Kent, Brian McLawchlin, Mac Bauer, Ginger Cangelosi, and Lindsey Palmer
Hammond Square Self Storage is a 93,902-square-foot self-storage facility located just off the corner of US Highway 51 (SW Railroad Avenue) and West Minnesota Park Road. The facility is comprised of 626 climate-controlled units and 15 RV / boat storage units, all with gated access. The 3-story building provides extra security and state-of-the-art amenities. Units are currently available for lease with sizes ranging from 5 x 5 feet to 10 x 30 feet. Stirling Properties developed the facility and will handle daily management.
Stirling Properties has been at the forefront of commercial real estate investment and development in Hammond and surrounding areas of Southeast Louisiana for more than 43 years. Tangipahoa Parish is experiencing significant growth, creating a high demand for self-storage services. Hammond Square Self Storage’s strategic location near Hammond Square retail center and I-12 will provide easy access and convenience for customers.
“We are thrilled to welcome everyone to Hammond Square Self Storage, Hammond’s newest storage facility. As you look around this impressive, state-of-the-art building, you can clearly see how far storage facilities have evolved. Hammond Square Self Storage will be a great amenity to serve the growing population of Tangipahoa Parish,” said Maurin.
“Stirling Properties is excited to officially celebrate the grand opening of Hammond Square Self Storage. This project was our first ground-up, climate-controlled storage development, and we are extremely proud of this facility,” said Brame. “We are grateful for the continued cooperation of the City of Hammond and other local area officials who helped us bring this to fruition. And we truly thank the residents of Hammond and surrounding areas of Tangipahoa Parish who support Hammond Square. We are confident that this new storage facility will be a great addition to the property.”
Stirling Properties also redeveloped the neighboring Hammond Square shopping center, located on the northwest corner of Interstate 12 and Hwy. 51 (SW Railroad Ave.) in Hammond, LA. It is the 2nd largest open-air retail center in Louisiana encompassing 902,000 square feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors, AMC Theatres, and Old Navy (coming soon).
For more information on Hammond Square Self Storage or leasing inquiries, visit www.hammondsquareselfstorage.com.
Retail Market Survey: Shreveport-Bossier City, LA
Stirling Properties releases its Shreveport-Bossier City Retail Market Survey for mid-year 2018.
According to the assessment—compiled by Stacy Odom and Karen McElroy, Broker Associates with Stirling Properties—the Shreveport–Bossier City retail sector is currently in the midst of a recovery phase. After experiencing a period of increased retail vacancy, the area is seeing the entry of new discount retailers, new-to-market retailers and food concepts, as well as multi-store operators gobbling up available inventory of second-generation space. Without notable new development in the market, this aids in decreasing vacancy rates, particularly among neighborhood shopping centers.
The retail market survey identified a total of fifty-seven (57) multi-tenant retail centers with a minimum of twenty thousand (20,000) square feet in Shreveport-Bossier City with 90% total occupancy as of mid-year 2018.
Looking to the future, the emergence of healthcare facilities in retail settings and the potential for mixed-use redevelopment projects backfilling big-box stores are both noteworthy national trends expected to influence the Shreveport-Bossier City market, possibly having an additional impact on retail space moving forward.
Click here to view and download the complete Shreveport-Bossier City Retail Market Survey.
This report 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.
Stirling Properties Expands Management Portfolio
Stirling Properties commercial real estate company has assumed the property management duties of Waterside Marketplace in Chesterfield Township, Michigan, as part of an ongoing partnership with PMAT Real Estate Investments.
Stirling Properties partnered with New Orleans-based PMAT to manage the company’s growing portfolio of shopping centers located across the Southeast, Sunbelt, Carolinas, Mid-Atlantic, and Midwest.
PMAT recently acquired Waterside Marketplace, a 291,231-square-foot retail center located at 50753 Waterside Drive in Chesterfield Township (Detroit MSA), at the southwest intersection of 23 Mile Road and Interstate 94. The multi-anchored center is 94% leased with a great mix of national tenants including Dick’s Sporting Goods, Best Buy, T.J.Maxx, Bed Bath & Beyond, ULTA Beauty, JOANN Fabrics & Crafts, and Old Navy. The center is also shadow-anchored by JCPenney and Lowe’s Home Improvement. Waterside Marketplace is the dominant regional shopping center within the growing Chesterfield Township trade area.
“Stirling Properties is pleased to welcome Waterside Marketplace to our growing management portfolio. This is a leading retail center that serves a large portion of Detroit’s suburban area around Chesterfield Township and performs very well in the market,” said Donna Taylor, Sr. Vice President of Asset Management & New Business with Stirling Properties. “We look forward to working with PMAT on the management and operations of the center to enhance it even more.”
Stirling Properties owns and manages more than 20 million square feet of commercial real estate, including office, retail, industrial, medical, residential, and mixed-use properties.
For asset management information, contact Donna Taylor at (985) 246-3758 or dtaylor@stirlingprop.com.
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