Vintage Realty was selected as leasing agent and property manager of the expansive Margaret Place Property in Shreveport.
The landmark property includes the former CHRISTUS Schumpert Hospital and five additional free standing buildings totaling approximately 947,000 square feet. The property also includes a five story covered parking garage with spaces for approximately 740 vehicles.
“We are thrilled to work toward leasing this iconic property in Shreveport. The location, vibrant neighborhood and well-appointed spaces will bring a unique quality of life to businesses and employees that office here.” said David Alexander, co-owner of Vintage Realty Company.
Located just 1 mile south of Downtown Shreveport, the area is seeing revitalization and investment for retail, office and residential development. Vintage is providing full Property Management services including Leasing, Marketing, Accounting, and Maintenance.
The vision for Margaret Place Properties, Inc. is to be the first multi-use facility of its kind in the region dedicated to healthcare, wellness, education of new physicians, nurses and other healthcare professionals creating an environment conducive for collaboration of many medical disciplines under one roof with education and research opportunities as well. LSU Health Shreveport, an academic health sciences center, initially intends to occupy a small portion of the main hospital and medical office building at 1801 Fairfield Avenue. The Margaret Place Properties campus is located within 1.3 miles of the LSU Health campus. Buildings included in the development include:
· Main Hospital Building – 845,000 square feet
· 1717 Fairfield Avenue 21,965 square feet 3-story free standing building
· 1825 Warrington Place 5,610 square feet 1-story free-standing building
· 1801 Fairfield Avenue (Fully Leased) 63,094 square feet
· 950 Olive Street (Fully Leased) 11,293 square feet
· 5 story parking garage with approximately 740 spaces
Complementing the mission of LSU Health to teach, heal and discover, ideal tenants include higher education, training facilities, specialty practices, companies conducting clinical trials, services such as in-patient and out-patient rehab, skilled nursing, long term acute care, nursing home, senior living, market rate apartments, day surgery/out-patient surgery, lab facilities, research facilities, centers of excellence, imaging and physician office space for clinics. Traditional office space users are also welcome. It is anticipated that the cafeteria and food service will be provided by a third party to support the various uses.
A representative of Margaret Place Properties added, “When we were selecting the property management and leasing company for this property, we were very impressed with the experience and vision Vintage Realty brought to the table. They’ve been in business in Shreveport-Bossier since 1988 and know the importance of Margaret Place to Shreveport’s history, but also see many possibilities for the future as we do.”
Vintage Realty manages over 5.5 million square feet of commercial and multi-family properties