Stirling Properties & JCH Development to Develop Magnolia Marketplace Shopping Center in New Orleans, La.

June 3, 2013

Development, Magnolia Marketplace, New Orleans Southshore, Press Releases

Stirling Properties and JCH Development today announced the joint venture to develop Magnolia Marketplace Shopping Center in New Orleans, Louisiana. Construction will begin with the first building in the center, a 6,000 square foot building, with a 3,000 square foot Capital One bank branch. The Central City shopping center will be located at the intersection of South Claiborne Avenue and Fourth Street, adjacent to the larger future phases of the Magnolia Marketplace Shopping Center.

“We are proud to bring a high quality development to a severely underserved portion of the Claiborne corridor and return yet another vacant and blighted property in the City to commerce”, said Jordi Goodman, Development Manager for Stirling Properties.

“Our team is excited to introduce new services and shopping experiences, in a location that is accessible to the neighborhood as well as to all of New Orleans’ residents” said Tara Hernandez, President of JCH Development.

The 6,000 square foot center will serve as a catalyst to future development along the Claiborne corridor and will precede the balance of the Magnolia Marketplace Development located at South Claiborne and Toledano Streets slated for commencement in fall of 2013. Once completed the center will be 138,000 total square feet. Stirling and JCH have secured leases for 108,000 square feet with established national retail tenants. Stirling is currently in negotiation with tenants for the remaining spaces in the center and other tenant announcements will be forthcoming.

For more information, contact Jordi Goodman at jgoodman@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.

featured, JCH Development, Magnolia Marketplace, new orleans, retail development, Stirling Properties

About Stirling Properties

Stirling Properties is one of the most diversified full-service commercial real estate companies in the country. Regionally focused and nationally acclaimed, we utilize a comprehensive set of resources and rely on a team of trusted experts in Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types to deliver long-term value to our clients across the Gulf South. Through 40 resilient years, we've stayed true to our roots and remained adaptive in our own backyard. We live where we work and we believe that there is no substitute for understanding our local markets – from real estate trends, to economies and jobs, to the intangibles. With branch offices throughout the Gulf South, we can meet any real estate challenge. We've worked with a diverse range of clients and are positioned to put that experience and knowledge to work for you!