New Orleans -- Stirling Properties and JCH Development have announced a joint venture to develop the first 6,000-sq. ft. building of Magnolia Marketplace Shopping Center in New Orleans at the intersection of South Claiborne Avenue and Fourth Street. A second phase of the development will commence this fall at South Claiborne and Toledano.
Stirling and JCH have secured leases for 108,000 sq. ft. with national retail tenants. Stirling is currently negotiating with prospective tenants for the remaining space. When complete, the center will span 138,000 sq. ft.