JCH Development and Stirling Properties Celebrate Groundbreaking of Magnolia Marketplace
Earlier today JCH Development, Stirling Properties, Mayor Mitch Landrieu, elected officials and other dignitaries commemorated the groundbreaking of Magnolia Marketplace, a 106,000 square-foot shopping center located in New Orleans, LA at the intersection of South Claiborne Avenue and Toledano Street.
“We are proud to bring a dynamic new retail development to an underserved portion of Central City. This development will bring a formerly vacant and blighted piece of property in the City of New Orleans back to commerce”, stated Tara Hernandez, President of JCH Development.
“Magnolia Marketplace is further proof that New Orleans is on a retail roll,” said Mayor Mitch Landrieu. “This project represents economic growth, jobs and opportunities and more retail options for an underserved community. Projects like this are why people are looking at New Orleans as a model for economic revival and urban renewal.”
Tenants scheduled to open in spring 2015 are Ross Dress For Less, T.J.Maxx, Michaels, PetSmart, Shoe Carnival, ULTA Beauty and Raising Cane’s. The project is 100% pre-leased. Previously announced was the 6,000 square foot initial phase of Magnolia Marketplace development located at the intersection of South Claiborne Avenue and Fourth Street. Capital One Bank is currently open in that building. T-Mobile and Subway are slated to open in early 2014.
“This project embodies the strength of the New Orleans recovery and represents yet another important step in bringing retail back to the city,” stated Townsend Underhill, Senior Vice President of Development. “We are excited to be moving forward with Magnolia Marketplace, another project that signifies Stirling’s commitment to the City of New Orleans.”
Stirling’s recent projects in New Orleans include Mid-City Market, a 108,000 square-foot Winn-Dixie anchored shopping center located at North Carrollton Avenue and Bienville Street, as well as the full renovation of the former American Legion building located on Magazine Street into a new 13,000 square foot Walgreens Marquee Store. Since 2011, Stirling Properties has invested over $120 million in the City New Orleans.
JCH Development’s most recent project is the conversion of the former Blue Plate manufacturing facility into the Blue Plate Artist Lofts, 72 residential lofts, on South Jefferson Davis Pkwy.
For more information, contact Townsend Underhill at tunderhill@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Stirling Properties and JCH Development Complete Acquisition for Land to Develop Shopping Center in New Orleans
Stirling Properties and JCH Development are pleased to announce the closing of the land acquisition and development financing for Magnolia Marketplace, a 106,000 square-foot shopping center located in New Orleans, LA at the intersection of South Claiborne Avenue and Toledano Street. First NBC Bank of New Orleans provided financing for the project.
“This project required a true partnership and we are excited to be a part of providing new jobs and economic opportunities to the residents, neighborhood, DBE businesses and the City of New Orleans. We are truly grateful for the support and collaboration on this project with the Mayor’s office, the City Council, and the Community, without which this project would not have been possible”, stated Townsend Underhill, Senior Vice President of Development for Stirling Properties.
“We are proud to bring a dynamic new retail development to an underserved portion of Central City. This development will bring a formerly vacant and blighted piece of property in the City of New Orleans back to commerce”, stated Tara Hernandez, President of JCH Development.
Stirling and JCH previously announced the 6,000 square foot initial phase of the Magnolia Marketplace development located at the intersection of South Claiborne Avenue and Fourth Street. Capital One Bank is currently open in that building. T-Mobile and a proposed national sandwich shop are slated to open in early 2014.
Tenants scheduled to open in spring 2015 are Ross Dress For Less, T.J.Maxx, Michaels, PetSmart, Shoe Carnival, ULTA Beauty and Raising Cane’s. The project is 100% pre-leased. The Developers expect to break ground on the project this coming January.
Stirling’s recent projects in New Orleans include Mid-City Market, a 108,000 square-foot Winn-Dixie anchored shopping center located at North Carrollton Avenue and Bienville Street, as well as the full renovation of the former American Legion building located on Magazine Street into a new 13,000 square foot Walgreens Marquee Store. Since 2011, Stirling Properties has invested over $120 million in the City New Orleans.
JCH Development’s most recent project is the conversion of the former Blue Plate manufacturing facility into the Blue Plate Artist Lofts, 72 residential lofts, on South Jefferson Davis Pkwy.
For more information, contact Townsend Underhill at tunderhill@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.comor 504-523-4481.
Stirling Properties Participates Company-Wide in Volunteers of America’s Christmas Wish Project
Employees and agents of Stirling Properties teamed up to donate Christmas presents, food baskets and other essential items to Volunteers of America’s Christmas Wish Project. Stirling’s Stewardship Committee organized the company-wide event by partnering with Volunteers of America in Greater New Orleans, Greater Baton Rouge, and Northwest Louisiana to serve the New Orleans Northshore and Southshore, Baton Rouge, Lafayette, and Shreveport-Bossier City.
“Volunteers of America is an inspiration for us all to give back to our communities. This was truly an amazing and heartwarming effort by the Stirling Team and will make this Christmas better for the many people served by the Christmas Wish Project,” stated Marty Mayer, President and CEO of Stirling Properties.
For more information about Stirling’s Stewardship Committee, please visit us on the web at http://stirlingprop.com/aboutus/Stewardship.aspx or by email at stewardship@stirlingprop.com.
Stirling Properties’ Ryan Juneau Earns ICSC Designation
Stirling Properties is pleased to announce that Ryan Juneau, Project Manager, is now an International Council of Shopping Centers (ICSC) Certified professional. Mr. Juneau is now an ICSC Certified Development, Design and Construction Professional (CDP).
ICSC estimates that less than 10% of industry professionals have achieved this important status, setting Mr. Juneau, as well as Stirling Properties, apart from the rest.
With over 6,000 designees in 55 countries, and nearly 500 of who are CDPs, ICSC certification programs are a mark of excellence. Certifications focus on raising industry professional standards worldwide and give special recognition to shopping center professionals who demonstrate the highest levels of competency in their industry through professional education, experience, ethics, and by passing a rigorous examination.
Stirling Properties Expands Retail & Service Options at River Chase Shopping Center in Covington, LA
Stirling Properties announces a 9,000 SF expansion to River Chase Shopping Center in Covington, Louisiana. Construction recently commenced on the 2-tenant building that will be the future home to Men’s Wearhouse and Bellagio Salon & Spa. Located next to Region’s Bank, both stores will open summer of 2014.
Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel, carrying a full selection of suits, sport coats, furnishings and accessories. They are expanding within the center from 1,400 SF to 5,000 SF.
Bellagio Salon & Spa is a regional operator offering quality high-end salon & spa services at affordable prices. Bellagio specializes in facials, full body massages, haircuts, styling & coloring, nails, make-up, permanent make-up, eyelash extensions and waxing.
For more information regarding in-line leasing and outparcel opportunities, contact Rhonda Sharkawy, Senior Retail Leasing & Development Executive for Stirling Properties at rsharkawy@stirlingprop.com or call 504.620.8145.
Stirling Eight United Plaza LLC Acquires United Plaza VIII in Baton Rouge, Louisiana
Stirling Properties to Exclusively Manage and Lease the Class A Office Building
Stirling Eight United Plaza LLC, an entity comprised of local investors led by Stirling Properties, acquired United Plaza VIII from Wink United Plaza LLC on November 25, 2013. Built in 1993, the 3-story, Class A office building is located at 8641 United Plaza Boulevard in the United Plaza Office Park in Baton Rouge, Louisiana. Stirling Properties’ Sales and Leasing Executive Scott Macdonald represented the buyers and Branon Pesnell of Beau Box represented the sellers.
The exclusive management and leasing of the 52,606 square-foot, 91% leased United Plaza VIII will be handled by Stirling Properties. The ownership group which acquired United Plaza VIII, now owns four buildings in United Plaza Office Park – United Plaza I, United Plaza II, United Plaza VIII and United Plaza XII – totaling over 500,000 square feet with a combined occupancy of 97%. All of these buildings are exclusively managed and leased by Stirling Properties.
“Our acquisition team seized a tremendous opportunity in a market that we know to be a strong performer,” said Grady Brame, Executive Vice President of Stirling Properties. “The acquisition of United Plaza VIII is an excellent investment for the building ownership group and demonstrates Stirling’s commitment to Baton Rouge and our belief in the area’s future growth.”
For more information regarding United Plaza VIII contact:
- Grady Brame at 985-246-3769 or gbrame@stirlingprop.com for acquisition questions.
- Scott Macdonald at 225-201-0142 or smacdonald@stirlingprop.com for leasing opportunities.
