REAL ESTATE

Stirling Properties acquires Avant Properties

BY Katherine Boccaccio

Covington, La. — Stirling Properties announced it has acquired Shreveport, La.-based Avant Properties, strengthening Stirling’s presence in the Gulf South.

Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations.

Typically known for developing and managing several successful shopping centers in the Shreveport/Bossier City region, Stirling Properties’ purchase of Avant Properties expands the company’s office and retail management portfolio, which now includes two of the most prominent high-rise office buildings in the Shreveport Central Business District, Chase Tower and American Tower, along with Pierremont Mall, Shreveport’s landmark retail destination and first mall. The combined portfolio of over 14 million sq. ft. makes Stirling Properties the largest management and brokerage firm in the Shreveport/Bossier City region.

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REAL ESTATE

Swim U to open at Plantation Point

BY Staff Writer

Dallas — Cypress Equities announced that Swim U has signed a lease to occupy 4,592 sq. ft. at Plantation Point Shopping Center, located in Raleigh, N.C.

Swim U is a year-round indoor swim school for kids.

Plantation Point Shopping Center is a 400,000-sq.-ft. power center developed and managed by a Cypress Equities company and features Big Lots!, BJ’s Wholesale Club, Petco, Marshalls, Mattress Warehouse, Family Christian Bookstores, Dollar Tree, Dots, Avenue, On the Border Mexican Grill & Cantina, Mimi’s Café, Life Time Fitness and more.

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REAL ESTATE

Michaels to open at The Forum at Grandview

BY Katherine Boccaccio

Madison, Miss. — Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Construction for the 83,000-sq.-ft. second phase is currently underway. In addition to Michaels, anchors will include Ulta, Homegoods, and Petco as well as 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

The 110,000-sq.-ft. phase I opened 100% leased in fall 2010 anchored by Best Buy, Dick’s Sporting Goods and Stein Mart. Corner Bakery opened on the periphery of the property in December.

The project is a joint venture of CBL and The Mattiace Co.

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