President’s Message: Forging Ahead in 2014
It hardly seems possible that we are beginning another year. It seems as if I was just emailing about the start of “Lucky 13“!
“Lucky 13” kicked off with our announcement of a joint venture with CBL & Associates Properties, Inc. to develop Fremaux Town Center in Slidell, Louisiana, and in just 2 months, we will have the grand opening of Phase I. The year ended with the successful closing of the land acquisition and development financing for Magnolia Marketplace in New Orleans, a partnership with JCH Development that will break ground this month.
In between those 2013 bookends, we also accomplished:
- Openings of Walgreens on Magazine Street in New Orleans and in Gulfport, MS
- Securing contract for management of Louisiana Boardwalk in Bossier City
- Grand opening of Mid-City Market in New Orleans
- Opening of our Mobile, AL office
- Expansions of our existing shopping centers – Stirling Bossier, Stirling Lafayette, River Chase (Covington) and MacArthur Village (Alexandria)
- Renovation of Tiger Manor Apartments in Baton Rouge
- Financing of over $174 Million
- Acquisition of United Plaza VIII in Baton Rouge
As proud as I am of our team for all of these accomplishments and more, I am even more proud of the spirit of team and caring for others. Through the leadership of the Stirling Stewardship Committee, the Stirling team significantly contributed money, essential items, and most importantly generously volunteered their personal time for causes such as Habitat for Humanity, food collection drives, breast cancer walks, YMCA Corporate Cup and Volunteers of America’s Christmas Wish Project.
It is because of this talented, dedicated, and motivated team that we are able to achieve so much. I am proud to be part of such a team. Looking ahead to 2014, it will be a very exciting year for Stirling as well as the Gulf South.
Stirling Properties Awarded Property & Construction Management & Office Leasing Contract for Louisiana Boardwalk
Stirling Properties has been awarded a contract to provide comprehensive property and construction management and office leasing services for Louisiana Boardwalk, a 562,250 square foot retail/mixed-use development on the waterfront of Bossier City, Louisiana. Garrison Investment Group of New York recently acquired Louisiana Boardwalk and will relaunch the retail center as The Outlets at Louisiana Boardwalk.
The Louisiana Boardwalk was developed along the Red River, directly across from Shreveport. The twin cities of Shreveport and Bossier City, the state’s third largest market, hosts a bustling convention center, numerous casinos and hotels, which draw over 11 million visitors each year.
Opened in 2005, the project is anchored by the only Bass Pro Shop within a 3 ½-hour drive. A strong mix of outlet retail brands and soft goods retail stores, additional entertainment venues and several restaurants complement the anchors.
The development features approximately 69,000 square feet of 2nd story office space, and a high performing Marriott Courtyard Hotel. The Margaritaville Hotel and Casino will open this summer, adding 400 hotel rooms and a significant additional draw to the project.
For information about office leasing opportunities available, contact Stacy Odom at sodom@stirlingprop.com or Karen Hannigan at khannigan@stirlingprop.com or call 318-797-4393.
For more information about Stirling Properties’ management services, please contact Donna Taylor at 985-246-3758 or via email at dtaylor@stirlingprop.com.
About Garrison Investment Group
Garrison Investment Group is an asset based investor with more than 60 years of experience in shopping center acquisitions, development, leasing and asset management. Headquartered in New York City, Garrison owns a total of 38 shopping centers comprising 8.2 million square feet of leasable space in regional malls, lifestyle centers and neighborhood community shopping centers across 12 states. For more information, please visit www.garrisonretail.com.
