Stirling Properties Awarded Contract for Leasing and Property Management of Santa Rosa Mall in Mary Esther, Florida
Stirling Properties has been awarded a contract to provide comprehensive leasing and property management services for Santa Rosa Mall in Mary Esther, Florida. Santa Rosa Mall continues to be the retail destination for Mary Esther/Ft. Walton Beach since its inception in 1976.
Anchored by Dillards, JC Penney, Sears, Planet Fitness and Regal Theater, this 734,000 square foot enclosed mall sits on approximately 75 acres on Mary Esther Boulevard. Additional tenants also include Old Navy, PacSun, Panera Bread, Shoe Dept./Encore, Starbucks, Rue21 and Victoria’s Secret.
“We are excited to welcome the entire Santa Rosa team, led by David Macdonald, to the Stirling Family,” stated Will Barrois, Vice President/Regional Manager of Stirling Properties. “In addition to the local group, we have assembled a great leasing and development team and will work to make the property vibrant again in the local community.”
“Stirling Properties brings forty years of experience in the Gulf South with them and we look forward to being a part of the exciting changes in store for Santa Rosa Mall,” says David Macdonald, General Manager.
Stay tuned for exciting news on Santa Rosa Mall! For national leasing prospects, contact Rhonda Sharkawy at 800-330-4481 or rsharkawy@stirlingprop.com and for local/regional prospects please contact Jason Scott at 850-418-6783 or jscott@stirlingprop.com.
President’s Message: Change and Progress
Our 40th year is now in full swing! Recently, we officially celebrated this milestone during our annual Stirling Honors recognition luncheon. My message for the day centered around Tony Robins’ quote “Change is Inevitable. Progress is Optional.” Stirling has survived and prospered over the years and it is clear that Stirling opted to choose progress. Here’s what 40 years looks like in a 4 minute video:[wpvideo k1cJ0dhf] During Stirling Honors, I also highlighted many of our recent achievements across the entire spectrum of our company:
- Commercial Brokerage: 2014 was a record year across all business lines – office, retail, industrial and investment sales – with volume up 65%!
- Magnolia Marketplace, New Orleans, LA: With partners JCH Development, we recently celebrated the grand opening on the site of a former housing project almost 10 years after Hurricane Katrina – significant not only for the location but the timing
- Ambassador Town Center, Lafayette, LA: Our 2nd joint venture with CBL is under construction with the official groundbreaking ceremony this month
- Fremaux Town Center, Slidell, LA: Phase I opened a year ago; Phase II is well underway with a scheduled October opening
- Academy Sports + Outdoors, Lake Charles, LA: Under construction with scheduled Summer opening
- Premier Centre, Mandeville, LA: Successfully landed our 1st Whole Foods deal, to open January 2016
- Offices at Mid-City Market, New Orleans, LA: Historic tax credit rehab adjacent to Mid-City Market, anchor Gallo Mechanical set to occupy and open by year end 2015
- Walgreens, Terrytown & Metairie, LA: Terrytown opened a year ago and was our first build-to-sell; fee development Metairie at Vets & Power Blvds is under construction
- Perkins Rowe, Baton Rouge, LA: Awarded leasing and management contract last year; condos now on the market, new block of apartments available this summer, office activity is brisk and more retailers/deals in the works
- Ansley Place, Houma, LA: Acquired the 246-unit Class A luxury garden-style apartment complex for $27.3 Million last year
- Alabama/Florida Expansion: Since opening in Mobile less than 2 years ago, we have acquired John Toomey & Company Inc. in Mobile, opened a Pensacola office and expanded/consolidated the Mobile office into One St. Louis Centre in Downtown Mobile; totaling 34 employees/brokers and 2.5 million square feet managed
- Santa Rosa Mall, Mary Esther, FL: Recently awarded contract for leasing and property management of this 734,000 square-foot enclosed mall
Reflecting back on these accomplishments in light of the 40th anniversary of our company, it underscores the fact that change is most certainly inevitable and makes me proud that we have chosen the option to progress.
I know that the future will continue to present us with twists and turns and unexpected new challenges; however, I am confident that we will face these challenges with the knowledge that we have built a strong foundation, rooted solidly in values which are timeless, consistent and enduring.
Indeed change is inevitable…and at Stirling Properties progress is not optional!
Stirling Properties Completes Acquisition and Financing to Develop Offices at Mid-City Market in New Orleans
Stirling Properties is excited to announce the execution of development financing and construction commencement for the Offices at Mid-City Market, a 54,000 square foot, mixed-use complex in the burgeoning Mid-City neighborhood of New Orleans
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.
“We are excited about the ability to continue the enhancement of the quality of life in Mid-City, one of New Orleans’ many unique and exciting neighborhoods,” stated Lewis Stirling, Executive Vice President for Stirling Properties.
Located adjacent to Stirling’s recently completed Mid-City Market development, this building encompassing an entire city block was originally constructed in 1954 and was most recently the home of Loubat Foodservice Equipment Company. Stirling Properties plans to maintain the historic integrity of the existing structure while renovating the interior into a combination of office and retail space and thus bringing a prominent neighborhood building back into commerce.
Fidelity Bank of New Orleans provided financing and Stirling will utilize the same architectural firm that designed Mid-City Market, VergesRome Architects. Ryan Gootee General Contractors will commence construction in April and the first tenants will take occupancy before the end of this year.
Stirling’s recent projects in New Orleans include: Magnolia Marketplace, a 106,000 square-foot shopping center located at the corner of S. Claiborne Avenue and Toledano Street; Mid-City Market, a 108,000 square-foot Winn-Dixie anchored shopping center located at North Carrollton Avenue and Bienville Street; as well as the full renovation of the former American Legion building located on Magazine Street into a new 13,000 square foot Walgreens Marquee Store. Since 2011, Stirling Properties has invested over $120 million in the City of New Orleans.
For more information and leasing opportunities, contact Mac Bauer at mbauer@stirlingprop.com or 504-620-8131.
Stirling Properties’ Joe Gardner Awarded CCIM Designation
Stirling Properties’ Joe Gardner, Sales and Leasing Executive based in the New Orleans office and member of the Louisiana CCIM chapter, was awarded the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.
Receiving the designation means, that Mr. Gardner successfully completed graduate-level education curriculum and presented a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis, the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.
Currently there are more than 13,000 CCIMs based in over 1,000 markets throughout 30 countries around the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry.
Stirling Properties Welcomes Andrew Dickman to its Mobile, AL Team
Stirling Properties is pleased to announce the addition of Andrew Dickman to the Commercial Brokerage Division as Sales and Leasing Executive. Andrew will work from the company’s Mobile, Alabama office located at 1 St. Louis Street, Suite 4100.
Andrew’s expertise and experience include development and brokerage of raw land, site selection and site analysis for national retailers and restaurant chains, marketing and disposition of existing or dark national retail and restaurant sites, Landlord and Tenant representation for big box retailers and small shop tenants and commercial real estate portfolio sales.
Andrew is a CCIM candidate and a graduate of Indiana State University. He can be reached at 251-375-2483 or andrewdickman@stirlingprop.com.
End of Life (EOL), Have you made your plans?
Thanks to the overwhelming media hype last year, we all know by now that Windows XP went End of Life and out-of-support by Microsoft on April 8, 2014, but did you know that Microsoft Windows 2003 is going End of Life on July 14th of this year?
Do you have a file server in your office that is still running on Windows 2003? Are any of your key control systems, hvac or other automation systems running on Windows 2000 or 2003? Seems like every time Stirling starts managing a new property, we run into a slew of Windows XP computers and/or an old Windows 2003 Server or two.
What’s the big deal? Why should we care if software goes End of Life? We all see the sensationalized hacks that are publicized in the media which are sometimes just hype, what they miss is the whole industry that’s grown up around exploiting your operating systems and software. It’s the old game of cat and mouse or whack a mole, but updated for our digital world. Criminals find holes that they can exploit and then companies like Microsoft release a patch to fix the hole. If you stay up-to-date with the patches, you’re in ok shape. The problem comes when a product goes End of Life – the criminals are still finding and exploiting the security holes, but Microsoft is no longer issuing patches to fix the holes so if you’re running an Operating System or software that’s no longer supported, you’re throwing a big neon sign out to the world that says please exploit my systems.
Running an old version of Internet Explorer, Microsoft Office or some other productivity software that’s no longer supported? Same problem, probably need to look into upgrading.
Is your automation system running an old version of Windows? Might want to check with your vendor to find out what needs to be done to get you up-to-date. Looking at installing a new Automation System? If the dollars add up, ask about systems that run on proprietary hardware and software, instead of Windows. Windows is a great general purpose operating system, but part of what makes it so versatile, also makes it a huge risk for security exploits.
We no longer live in a world where we can put systems out and forget about them. We need to stay up-to-date on the patches, know the End of Life dates and keep your automation systems under contract so you can keep them up-to-date.
