Stirling Properties Expands Retail Options at River Chase Shopping Center
Eight National Retailers Prepare to Open Spring 2012
COVINGTON, Louisiana —- (SEPTEMBER 23, 2011) Stirling Properties announces River Chase Shopping Center Phase Two, which broke ground in August, and the addition of eight new national tenants that will bring 85,000 square feet of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012 and will occupy built-to-suit space located within the center’s southern end, south of Brewster Road.
Five of the eight national tenants have signed leases. They are as follows:
- Michaels, the largest specialty retailer of arts, crafts, framing, floral and more, will occupy 28,290 SF. This will be the retailer’s second location in Western St. Tammany with a store already in Mandeville.
- Chuck E. Cheese’s, a leader in the family dining and entertainment industry, will occupy 15,400 SF. This will be the second St. Tammany Parish location for the retailer and first for Western St. Tammany.
- ULTA Beauty, the largest beauty retailer providing prestige, mass and salon products and services, will occupy 10,000 SF. This location will be the retailer’s first within the New Orleans Metro and fifth in Louisiana with stores in Baton Rouge, Hammond, and Shreveport and coming soon to Bossier City.
- Charming Charlie, an affordable women’s fashion accessory boutique, will occupy 8,000 SF. This location will be the retailer’s first within the New Orleans Metro and fourth in Louisiana with stores in Lafayette, Baton Rouge and Hammond.
- Carter’s, a leading brand of children’s clothing, gifts and accessories, will occupy 4,300 SF. This marks the retailer’s third location in Louisiana with a store already in Bossier City and an outlet center in Gonzales.
The remaining three national tenants are in lease and will be announced in the near future. Of them, one is a soft-good tenant that will occupy 8,500 square feet. This will mark their first location in Louisiana; a significant move for the retailer and tremendous economic opportunity for St. Tammany Parish. The other two will be great additions to the well-established co-tenancy at River Chase Shopping Center, occupying 3,600 and 5,300 square-foot spaces.
“The expansion of the River Chase Shopping Center is a strong show of the strength of the Western St. Tammany retail market and the continued growth that this market is seeing,” said Stirling Properties’ Vice President of Development Townsend Underhill. “It is very exciting to see such highly regarded national retailers enter the Western St. Tammany market for the first time and we know they will be successful at River Chase.”
This announcement comes on the heels of the official announcement that Wal-Mart Stores, Inc. will build an upscale Sam’s Club at River Chase which is scheduled to open in fall 2012 – just months after these multiple retailers open.
On top of the new retail activity at the River Chase Shopping Center, the entire River Chase development is experiencing new growth. Brewster Commons at River Chase is currently renting 1, 2 and 3 bedroom luxury apartment homes for November occupancy. Holiday Inn Express and Fidelity Homestead Savings Bank are also set to begin construction at River Chase later this year. As well, a 42-acre office park is now pre-leasing 157,400 square feet of space which will be located east of Stirling Boulevard across from the new Sam’s Club location.
For more information about the River Chase development contact Townsend Underhill at tunderhill@stirlingprop.com or call (985) 898-2022.
For information about new construction opportunities, one to six acre outparcels for sale and retail leasing inquiries, contact Rhonda Sharkawy, Retail Leasing & Development Executive for Stirling Properties, at rsharkawy@stirlingprop.com or call (504) 523-4481.
For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774.
Stirling Properties Announces The Fresh Market is Coming to New Orleans
The specialty grocery retailer to occupy Borders old location on St. Charles Avenue
NEW ORLEANS, Louisiana —- (SEPTEMBER 21, 2011) Stirling Properties is pleased to announce that The Fresh Market is coming to New Orleans. The retailer will lease the 24,000 square foot, 2-story, building on 3338 St. Charles Avenue which was previously occupied by Borders. This location will be The Fresh Market’s fourth in Louisiana with stores already in Baton Rouge, Lafayette and Mandeville. (more…)
Stirling Properties Adds Property Controller to Accounting Team
COVINGTON, Louisiana —- (SEPTEMBER 7, 2011) Stirling Properties, a regional real estate firm, welcomes Colleen Angerdina, CPA to its team of professionals as the Controller of Property Accounting. This move provides Stirling Properties with the added expertise needed to handle the growing number of managed properties within the company’s portfolio, which currently includes over 12 Million square feet.
“Colleen’s extensive experience in tax consulting services, specifically in real estate, construction and multi-state taxation strengthens the core of our accounting team,” said Paul Mastio, Chief Financial Officer of Stirling Properties. “Her expertise enables Stirling Properties to continue to deliver unparalleled service to our clients.” (more…)
Stirling Properties Completes First Multi-Family Acquisitions
COVINGTON, Louisiana —- (AUGUST 22, 2011) Stirling Communities I, LLC, an entity of investors led by Stirling Properties, successfully completed their first acquisition which includes three Louisiana apartment communities in Lafayette and one in Baton Rouge, for a total of 370 units. The back-to-back deals closed on August 2 and August 17, 2011, with loan origination through Walker & Dunlop’s multi-family finance group and financing through Freddie Mac. (more…)
Stirling Properties Officially Announces Sam’s Club is Coming to River Chase
COVINGTON, Louisiana —- (AUGUST 16, 2011) Stirling Properties, the developer of River Chase, officially announces that Sam’s Club is coming to River Chase Shopping Center, the largest open-air retail center in St. Tammany Parish. Sam’s Club closed today on the purchase of a 16.58 acre site for the development of a new, 136,000 square foot store at River Chase. Wal-Mart Stores, Inc., the parent company for Sam’s Club, has committed to build their top of the line prototype building at the River Chase site, which will not resemble any other Sam’s Club in Louisiana.
This new Sam’s Club will be the only one in western St. Tammany and construction on the predominantly stone and brick facade will begin soon as Sam’s has already obtained all the necessary permits to begin. The anticipated opening is scheduled for fall 2012 and is expected to provide 100+ jobs for the area.
For more information about the Sam’s Club deal or River Chase development contact Townsend Underhill, Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at (985)-246-3785.
Stirling Properties Welcomes Scott Macdonald to Its Team
BATON ROUGE, Louisiana —- (JULY 13, 2011) Stirling Properties welcomes Scott Macdonald to its Commercial Brokerage Team as a specialist in office and industrial leasing. He will work out of the company’s Baton Rouge office located at 8550 United Plaza Blvd., Suite 303 where he will spearhead all leasing and marketing efforts of all United Plaza offices.
“With more than 11 years of commercial real estate knowledge and a background that includes the negotiation and successful closing of over $450 million in sales, Scott knows what it takes to drive new business in highly competitive markets,” said Grady Brame, Executive Vice President and Partner of Stirling Properties. “His caliber of expertise adds depth to our roster and strengthens the breadth of services we provide our clients.”
Prior to joining Stirling Properties, Mr. Macdonald was Vice President of Cassidy Turley/CPS, a full-service commercial real estate brokerage company located in Santa Clara, California. His primary focus while with CPS was office, R&D and manufacturing leasing and sales. Some of Mr. Macdonald’s major clients include AkzoNobel, Barry Swenson Builder, Integrated Device Technology, iStar Financial, Nearon Enterprises, PS Business Parks and Xangati, Inc.
Mr. Macdonald is a Louisiana native and earned a Bachelor of Science degree from Louisiana Tech University in Ruston, Louisiana.
