Stirling Properties Announces New Tenants At Fern Marketplace in Shreveport
Stirling Properties commercial real estate company is pleased to announce new tenants at Fern Marketplace in Shreveport, Louisiana.
- At Home, the home décor superstore, has purchased 8.16 acres of land to build a 108,931-square-foot retail store. Construction is scheduled to commence by the end of the month with plans to open in the 4th quarter of 2017.
- La Madeleine Country French Café has purchased a 1.18-acre tract of land to develop a 7,500-square-foot free-standing restaurant location. Plans are to open in the fall of 2017.
Stirling Properties’ Senior Retail Leasing & Development Executive, Rhonda Sharkawy, was involved in both transactions on behalf of the Seller.
Previously announced tenant, The Halal Guys, is still on track to open in late March of this year, and Orangetheory Fitness plans to open in early April.
Fern Marketplace is a 14-acre retail development anchored by Whole Foods Market, consisting of roughly 200,000 square feet. The shopping center is located at the northeast corner of East 70th Street and Fern Avenue, near the intersection of Youree Drive. Tenants include At Home (opening 4Q 2017), Grub Burger, La Madeleine (opening Fall 2017), Lee Nails, Orangetheory Fitness (opening April 2017), The Halal Guys (opening March 2017), and Whole Foods Market. Most of these retailers committed to Fern Marketplace are either first-time locations within Shreveport or Louisiana, or both. At completion, Fern Marketplace is expected to be a premier regional shopping and entertainment destination, as well as a vital economic contributor to the area. Stirling Properties handles management and leasing for the Center.
For more information, please visit stirlingprop.com.
For leasing or sales 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 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.
Statement from Stirling Properties and Read King regarding Fern Marketplace in Shreveport, Louisiana
Despite recent rumors, Whole Foods Market is still on track to open in Fern Marketplace this fall. The shell of the building is complete and interior work is underway. Permanent signage will be installed soon. Whole Foods Market has never wavered on their commitment to the Shreveport/Bossier City market, and representatives are expected to announce an official opening date within the next month.
Whole Foods Market will be the anchor tenant for the retail development. The long awaited grocer will soon join GRUB Burger, which has been in operation since the beginning of the year, and reporting high sales. Lee Nails is expected to open this summer.
We are in lease negotiations with several additional tenants and are excited to release those announcements over the next several months. We are confident in the future and prosperity of this area. The growth rate and location will be sure to allow the tenants at Fern Marketplace to experience substantial retail sales.
Fern Marketplace is a 29-acre retail project anchored by Whole Foods Market, consisting of roughly 275,000 square feet. The shopping center, developed by Houston-based Read King, is located at the northeast corner of East 70th Street and Fern Avenue, near the intersection of Youree Drive, which is the most heavily populated corridor of retail and services in Shreveport and Northern Louisiana. Most of the retailers committed to Fern Marketplace are either first-time locations within Shreveport or Louisiana, or both. Stirling Properties handles management and leasing of the property.
For leasing or sales 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 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.
Stirling Properties Awarded Management Contract For Fern Marketplace In Shreveport, Louisiana
Stirling Properties commercial real estate company was recently awarded the management contract for Fern Marketplace in Shreveport, Louisiana. Stirling Properties handles leasing opportunities for the center and will now take on daily management.
Fern Marketplace is a 29-acre retail project anchored by Whole Foods Market, consisting of roughly 275,000 square feet. The shopping center is located at the northeast corner of East 70th Street and Fern Avenue, near the intersection of Youree Drive, which is the most heavily populated corridor of retail and services in Shreveport and Northern Louisiana. National retailers located within one mile of this center include Super Target, Belk, Bed Bath & Beyond, Old Navy, JCPenney, Kohl’s, Dick’s Sporting Goods, Barnes & Noble, Lowe’s, Cost Plus, World Market, T.J.Maxx, and Sam’s Club, just to name a few. The area growth rate, high income level and location will be sure to allow the tenants at Fern Marketplace to experience substantial retail sales. Most of the retailers committed to Fern Marketplace are either first-time locations within Shreveport or Louisiana, or both.
Currently, the only business open at the shopping center is GRUB Burger, which opened in January of this year marking its second Louisiana location. Whole Foods Market is scheduled to open in the Fall of 2016. This will be the sixth Louisiana location for the organic food chain store.
Fern Marketplace Phase I consists of roughly 75,000 square feet and tenants include Grub Burger (now open), Lee Nails (opening Spring 2016), Whole Foods Market (opening Fall 2016) and much of the remaining square footage is in different stages of negotiation with announcements to occur over the coming months. Phase II consists of roughly 200,000 square feet of which various type uses will add to the mix of the first phase.
“We are confident in the future and prosperity of this area. Fern Marketplace is positioned in an excellent location that is experiencing tremendous growth and attracting new retailers,” said Donna Taylor, Stirling Properties Senior Vice President-Asset Management & New Business. “We are happy to continue our long and successful brokerage and property management history in the Shreveport/Bossier City market.”
Stirling Properties has been at the forefront of commercial real estate management, investment and development in Shreveport/Bossier City and surrounding areas of North Louisiana, and is committed to bringing quality development and retailers to the area. At completion, Fern Marketplace is expected to be a premier regional shopping and entertainment destination, as well as a vital economic contributor to the area.
Stirling Properties currently manages almost 17 million square feet of property, with 81 million square feet of property and land for sale or lease, almost exclusively in Louisiana. Other Stirling Properties management and development projects in Shreveport/Bossier City include, Stirling Bossier Shopping Center, Eastgate Shopping Center and Old River Marketplace, just to name a few.
For more information, please visit stirlingprop.com.
For leasing or sales 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.
