REAL ESTATE

Now open: Fremaux Town Center in Slidell, La.

BY Michael Fickes

Covington, La. And Chattanooga, Tenn. — Phase I of Fremaux Town Center in Slidell, La., opened on Friday, according to the property’s joint developers Stirling Properties and CBL & Associates Properties.

Kohl’s, Dick’s Sporting Goods, Best Buy and T.J.Maxx anchor the 352,342-sq.-ft. center, which is more than 95% leased.

Slidell is the largest municipality in St. Tammany Parish on the northern shore of Lake Pontchartrain near the city of New Orleans. The area has experienced significant growth since Hurricane Katrina. Located at the major intersection of Interstate 10 and Fremaux Avenue, the town center may grow into a regional destination.

Phase II of Fremaux Town Center, anchored by Dillard’s, will commence construction later this year.

Stirling and CBL also announced a contribution of $10,000 to Keep Slidell Beautiful in honor the center’s Grand Opening. The contribution will fund the construction of signage welcoming visitors to the City of Slidell as they head west on Fremaux Avenue from Interstate 12. The signage and accompanying landscaping will set the benchmark for future entrance signage throughout the city.

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REAL ESTATE

JCR acquires a retail condominium in Washington, D.C.

BY Michael Fickes

Washington, D.C. The JCR Companies has acquired a retail condominium and a commercial garage at The Metropole, a luxury condominium residence in Washington, D.C.’s Logan Circle neighborhood. The fully occupied 23,225-sq.-ft. retail condominium hosts Vida Fitness and Bang Salon. The acquisition also includes the commercial portion (two levels) of the building’s underground parking garage.

The Metropole was built in 2008 and stands on the corner of 15th Street and P Street, close to both the Dupont Circle and U Street Metro stations, at 1515 15th Street, NW.

Eagle Bank financed JCR’s $6.3 million acquisition. CBRE represented the seller, American Realty Advisors.

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REAL ESTATE

DC Homevet to Brookland Plaza in Washington, D.C.

BY Michael Fickes

Washington, D.C. — DC Homevet has leased a 4,400-sq.-ft. location in Brookland Plaza in Washington, D.C.’s northeastern quadrant. DC Homevet will operate District Veterinary Hospital and Concierge Medicine Center. The Center will provide medicine, surgery, concierge and specialized services primarily for dogs and cats.

Divaris Real Estate, the property’s leasing agent, represented the landlord, Jan and Anna Slamen Family Trust in the transaction.

Other retailers in Brookland Plaza’s line-up include The Arc, Magic Hair Salon, DC Scrubs, Pizza Boli’s, Brookland Market, Delta Elite and ICS.

Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.

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