Stirling Closes On Financing For Offices at Mid-City Market

by • March 30, 2015 • Finance & Lending, Mid-CityComments (1)1989

Rendering via Stirling Properties

Rendering via Stirling Properties

Stirling Properties has closed on financing for the Offices at Mid-City Market, a 54,000 square foot, mixed-use complex in Mid-City of New Orleans.

Fidelity Bank provided financing and VergesRome Architects is the architect of record. Ryan Gootee General Contractors will commence construction in April and the first tenants will take occupancy before the end of this year.

The Offices at Mid-City Market will feature approximately 31,000 square feet of prime office space along with 9,000 square feet of retail and restaurant space. The building design will include parking, additional greenspace and water management. Prior to closing the construction loan the building was nearly 50% pre-leased.

Gallo Mechanical, LLC, a leading mechanical contracting company in the Gulf South, will be the first office tenant, encompassing 16,000 square feet. Gallo is relocating their corporate headquarters from Metairie to New Orleans. “We are excited to be moving our headquarters back to New Orleans as we celebrate our 70th anniversary this year!” stated David Gallo, President and CEO.

Orangetheory Fitness, a fitness studio that specializes in hour-long group interval training workouts, will open their first Louisiana location at Offices at Mid-City Market comprising of 3,000 square feet.

Located adjacent to Stirling’s recently completed Mid-City Market development, the building was originally constructed in 1954 and was most recently the home of Loubat Foodservice Equipment Company.

 

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One Response to Stirling Closes On Financing For Offices at Mid-City Market

  1. […] Stirling Properties closed on financing from Fidelity last March. You can check out renderings here and […]

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