Shreveport-Bossier City Retail Market Survey 2016 3rd Edition
Stirling Properties is pleased to present the 3rd annual Shreveport-Bossier City Retail Market Survey. This report, compiled by Stacy Odom and Karen Hannigan, Broker Associates of our Shreveport office, 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.
All information provided in this report would not be possible without the cooperation of our staff and colleagues and we would like to thank all of those who contributed.
Shreveport-Bossier City Retail Market Survey 2016
Stirling Properties is pleased to present the 2nd annual Shreveport-Bossier City Retail Market Survey. This report, compiled by Stacy Odom and Karen Hannigan, Broker Associates of our Shreveport office, 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.
All information provided in this report would not be possible without the cooperation of our staff and colleagues and we would like to thank all of those who contributed.
Stirling Bossier Shopping Center 100% Leased and Occupied
Stirling Properties commercial real estate company is bringing quality development and retailers to Shreveport/Bossier City. Stirling Bossier Shopping Center Tract K2—the last of six planned phases—is now 100% leased and all tenants are open.
Going up on the last parcel of undeveloped land, Michaels, Kirkland’s, Massage Envy and Versona opened earlier this year to large crowds. Motherhood Maternity completed occupancy in the final remaining space last month. They join more than 40 other businesses that call the shopping center home, including anchor tenants Target, Sam’s Club, Belk and Academy Sports + Outdoors.
Stirling Bossier Shopping Center, located at the northeast corner of Interstate 220 and Airline Drive in Bossier City, Louisiana, is a 682,200-square-foot hybrid retail center that offers a great variety of national tenants and dining options. Bossier City’s residential growth, income growth, and tremendous traffic growth over the last 10 years has made the Shreveport/Bossier City MSA worthy of a two store market to many national retailers. Stirling Properties began development of the retail center in 2006, and currently holds the leasing and management contract.
Tenants Include Academy Sports + Outdoors, America’s Best Contacts & Eyeglasses, AT&T, Avocado California Roll & Sushi, Baskin-Robbins, Bed Bath & Beyond, Belk, Best Buy, Catherines, Capital One, Chick-fil-A, Dickey’s Barbecue Pit, FedEx Office, GlamRus, GNC, Justice, Kirkland’s, Lane Bryant/Cacique, Massage Envy, Mattress Firm, Maurices, Michaels, Men’s Wearhouse, Motherhood Maternity, Old Navy, Olive Garden, Papa Murphy’s Pizza, PetSmart, Progressive Bank, Ross Dress For Less, Sam’s Club, Santa Fe Cattle Co., Serenity Spas, Shoe Carnival, Smoothie King, Sun Tan City, Target, The Joint, ULTA Beauty, Versona, and Wonder Cuts.
“We are thrilled to see Stirling Bossier completed as our Investors envisioned and bring such a unique customer experience to the Shreveport/Bossier City area. This development showcases a number of exciting retail and restaurant options,” says Donna Taylor, Stirling Properties Senior Vice President-Asset Management & New Business. “Not only do the retail stores offer a variety for consumers, but they provide more job opportunities and economic growth for the area.”
Stirling Properties has been at the forefront of commercial real estate in Shreveport/Bossier City and surrounding areas of North Louisiana. Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, almost exclusively in Louisiana. Other Stirling Properties development, management and leasing projects in Shreveport/Bossier City include, Eastgate Shopping Center, Fern Marketplace Phase I & II, and Old River Marketplace, just to name a few.
Stirling Properties is located at 425 Ashley Ridge Blvd., Suite 116 in Shreveport, Louisiana.
For leasing information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com. For asset management information, contact Donna Taylor at (985) 898-2022 or dtaylor@stirlingprop.com.
Shreveport-Bossier City Retail Market Survey
Stirling Properties is pleased to present the first semi-annual Shreveport-Bossier City Retail Survey. This report, compiled by Stacy Odom and Karen Hannigan, Broker Associates of our Shreveport office, 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.
In compiling this mid-year 2015 retail survey, it was noted that vacancy rates on existing inventory are falling, lease rates are increasing and retail investment sales are in high demand. Overall market rates are increasing due to new product and lack of second generation space, as well as many new restaurant and service concepts entering the market to take advantage of co-tenancy opportunities. The majority of retail growth is still occurring in South Shreveport and North Bossier, adding to the market’s most heavily concentrated and demanded retail areas. Phase I of the three new Community Center developments will be predominantly pre-leased before opening. It will be interesting to see if the high demand for retail growth continues and if, as a result, the additional, future phases of these developments will come to fruition.
Please click here to view and download the PDF of the complete Shreveport-Bossier City Retail Survey.
Stirling Properties Officially Announces Sam’s Club is Coming to Stirling Bossier Shopping Center
Stirling Properties, developer and property manager of Stirling Bossier Shopping Center in Bossier City, Louisiana, officially announces the addition of Sam’s Club to its tenant lineup. Construction is underway on the parcel next to Academy Sports + Outdoors fronting Beene Boulevard.
The new Sam’s Club, plus fuel station, will be the first one in Bossier Parish and the 15th in Louisiana. The opening is scheduled for Summer 2014.
“Sam’s Club is a great addition to the Bossier market and Stirling Bossier Shopping Center” stated Donna Taylor, Senior Vice President of Asset Management and New Business Development for Stirling Properties. “With the addition of Sam’s Club, there is only a 3-acre site left to be developed and we anticipate we will have a great deal of tenant interest in this tract for development with the addition of Sam’s.”
Measuring approximately 136,000 square feet, the new club will feature a variety of members-only amenities, including a Fresh Bakery, a Tire and Battery Center, a Café and a Fuel Station. The Sam’s Club Pharmacy, open to both members and the public, features many $4 and $10 generic prescriptions, as well as extraordinary savings on branded prescriptions. Also, the new club will debut a new Hearing Aid Center, offering premium technology in hearing aids and personal listening devices available from a certified audiologist.
“The new Bossier City Sam’s Club will allow us to expand our service in a region of Louisiana we have served since 1986 through our Shreveport Club,” said John Bernheim, the local market manager for Sam’s Club in northern Louisiana. “We are pleased to grow east of the Red River, an area that has seen exceptional growth during the past few years.”Sam’s Club will utilize a variety of environmentally friendly-materials and energy-efficient fixtures in its construction, including daylight-harvesting skylights that reduce the amount of energy required to light the store by up to 75 percent daily. LED lighting throughout the club, including in the cooler and freezer box doors and jewelry counter, operates 70 percent more efficiently than traditional fluorescent lighting.
Also coming to Stirling Bossier Shopping Center is Dickey’s Barbeque Pit, a fast casual, quick-serve, full-service barbeque restaurant that smokes all of their meats onsite. They are scheduled to open late 2013 in the former Quizno’s space on Beene Boulevard. To date, over thirty retail, service and restaurant tenants are already in operation at Stirling Bossier, which officially opened in July 2007.
For more information about the Stirling Bossier Shopping Center contact Donna Taylor, Senior Vice President of Asset Management and New Business for Stirling Properties, at dtaylor@stirlingprop.com or by phone at (985)-246-3758.
