Attention to Retail: for Friend

Attention to Retail is your source for national, regional, and local market trends as well as transactions and opportunities along the Gulf Coast. I would love to hear from you. Please reach out for real estate needs and questions. Thanks for reading along!

-Kirsten

TikTok appears to be pumping the brakes on its U.S. livestreaming plans while retailers and platforms, including Amazon.com, Poshmark, Qurate, Shein and Walmart, are stepping on the gas. So is livestreaming ready to roll in America or not?

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CNBC highlights private companies that are chasing some of the market’s biggest opportunities, and growing despite a tough capital markets environment and slowing economy. At least 35 are unicorns, with valuations of $1 billion or more – 12 are valued at over $10 billion.

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Set in a historic district in the middle of New Orleans, the American Can Company Apartments is an adaptive-use project that has transformed a long-vacant and decaying landmark industrial complex into a vibrant apartment community with neighborhood commercial amenities. The former factory complex now contains 268 apartments—20 percent of which are set aside for low- and moderate-income residents. Key Real Estate based in New Orleans purchased the property in early April 2023. Sources could not disclose the full purchase price, although The Orleans Parish Clerk of Court shows Key borrowed $44.45 million to finance the deal.

Breakfast and lunch favorite, Ruby Slipper restaurant leased 4,000 square feet at Clearview Commons at 4236 Veterans Memorial Boulevard. This is Ruby Slipper's 5th location in the New Orleans Metro Area. SRSA represented the Landlord in the transaction.

Home furnishings retailer Arhaus will make its debut later this year at Lakeside Shopping Center. The Ohio-based luxury furniture chain operates more than 80 stores nationwide. The new 14,000-square-foot showroom, which will be located next to Dillard’s, will feature an assortment of furniture and décor that is “sustainably sourced, artisan crafted, and built to last,” said an Arhaus spokesperson. LINK TO ARTICLE

Racing in the Rain by Garth Stein. The book is inspiration and motivational: "Racing in the Rain" emphasizes the importance of perseverance, determination, and following one's dreams. The story serves as a reminder that even in the face of adversity, it is possible to overcome obstacles and achieve success.

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I’m thrilled to announce I won New Orleans Metropolitan Association of Realtors Commercial Investment Division Retail Broker of the Year. I also won Deal of the Year and Retail Lease of the Year for the Floor & Décor new location at at 3609 Veterans Blvd. Steve Reisig, Barry Spizer, Christopher Robertson, and I won the Retail Sale of the Year award for the historic sale of the Whole Foods Market on Magazine. We represented the seller with our X Team Retail Advisors partner, Faris Lee Investments.

Get in touch!

Kirsten Early, Partner

Director of Retail

[email protected] | srsa-realestate.com

504-831-2363

2555 Severn Avenue, Suite 200 | Metairie, LA 70002

Serving: Louisiana, Mississippi, Alabama

SRSA is the authority on commercial real estate services in the Gulf Coast. From tenant representation and leasing to buyer and seller representation – the SRSA team approaches every client need from a true value generation standpoint.

When you hire SRSA, you’re not just hiring a company, you’re partnering with an expert team of professionals who know this community and this market like no other. We’re thorough, transparent, and focused on finding the best opportunity for your success.

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