| President's Message | | State of the Industry Q & A | Louisiana and the Gulf South have experienced significant changes in the last few years resulting in tremendous opportunity for retailers and investors. The Gulf South has not experienced the same affect of the national economic and real estate downturn. Population shifts, low unemployment rates, a healthy economy and consumer demand are contributing factors to this anomaly. In this newsletter we have highlighted cuurent trends, market data, and key opportunities in the areas that we serve to better assist you in making informed decisions. We look forward to meeting with you at ICSC to discuss the exciting developments and opportunities in our region.
| |  ICSC State Director Marty Mayer speaks with Jimmy Maurin, Chairman of Stirling Properties and Past Chairman of ICSC about the current industry climate in Louisiana.
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2008 ICSC RECon Las Vegas May 18-21, 2008
Booth #C1652 16th Avenue
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FEATURED DEVELOPMENTS AT ICSC RECon | Stirling Lafayette Interstate 10 & Louisiana Avenue Lafayette, LA | Stirling Bossier Interstate 220 & Airline Drive Bossier City, LA | Retailers looking to be among the other top national retailers in Lafayette will want to consider this center, which is anchored by Target (opened March 2008) and J.C. Penney. Lafayette's residential and income growth over the last 10 years has made this MSA worthy of a two store market to many national retailers.
View Details | This hybrid center will offer discount, entertainment, and lifestyle components. Retailers looking to be among the other top national retailers in Bossier City will want to consider this center, which will be anchored by Target and Belk Department Store. Bossier City's residential growth, income growth, and tremendous traffic growth over the last 7-8 years has made the Shreveport/Bossier City MSA worthy of a two store market to many national retailers.
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| Hammond Square Interstate 12 & US 51 Business Hammond, LA | Premier Centre US190 Hwy. & Saint Joseph Street Mandeville, LA | Retail Center Revival - Enclosed mall reinvented as Power and Lifestyle Center
Originally developed as the 430,000-sq.-ft. Hammond Square Mall, the new Hammond Square will be double the original size, situated on about 100 acres, and is designed as a combination power and open-air lifestyle center.
View Details | Located in Mandeville, the heart of St. Tammany parish, and one of the fastest growing parishes in Louisiana is Premier Centre. On the North Shore of Lake Ponchartrain, each year Mandeville leads the New Orleans Metro Area in new housing starts. Additionally, the community is the metro leader in average household income, with an estimated $104,000 per household. With the growth rate, high income level, Premier Centre translates into a substantial retail sales opportunity.
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Office Locations: Gulfport, Gauthier, and Jackson, Mississippi Algiers, Ascension, Baton Rouge, Covington, Destrehan, Hammond, Lafayette, Mandeville, Metairie, New Orleans, and Shreveport, Louisiana www.stirlingproperties.com www.erastirling.com
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