Stirling Properties Welcomes Frank Ferraro, Jr. to its New Orleans Team
Stirling Properties is pleased to announce the addition of Frank Ferraro, Jr. to the Commercial Brokerage Division as Broker Associate. Frank will work from the company’s New Orleans, Louisiana, office located at 615 Baronne Street, Suite 100.
Mr. Ferraro has over 22 years of experience in Commercial Real Estate. Prior to joining Stirling Properties, Mr. Ferraro was co-owner of a firm in Nevada until moving to New Orleans. He has successfully negotiated hundreds of sale and lease transactions, including complex land assemblages for master planned community developers and national homebuilders. He has a Bachelor’s Degree in Real Estate from Arizona State University and holds a Broker’s license in Nevada as well as Louisiana.
Mr. Ferraro can be reached at 504-620-8148 or via email at fferraro@stirlingprop.com.
Stirling Properties Welcomes Julie Watson to its Mobile, AL Team
Stirling Properties is pleased to announce the addition of Julie Watson to the Commercial Brokerage Division as Sales and Leasing Executive. Julie will work from the company’s Mobile, Alabama office located at 1110 Montlimar Drive, Suite 830.
Prior to joining Stirling Properties, Ms. Watson was with Keller Williams in Mobile, Alabama where she served as the firm’s sole commercial practitioner. Prior to that she served as an Agent with Hodges Commercial Real Estate in Montgomery and Hansen Realty where she sought business development opportunities throughout Alabama and the Chicago area.
Ms. Watson is a licensed Real Estate Broker in Alabama and can be reached at 251-375-2484 or via email at jwatson@stirlingprop.com.
Stirling Properties Opens New Office in Pensacola, Florida, To Further Expand Gulf South Presence
Stirling Properties is pleased to announce the opening of a new office in Pensacola, Florida, in SunTrust Tower at 220 West Garden Street, Suite 802. As the company’s first location in Florida, the office joins 12 other offices located in Louisiana, Mississippi and Alabama to further strengthen Stirling Properties’ presence in the Gulf South. Will Barrois, Vice President and Regional Manager of Alabama/Florida, oversees all business development throughout the region.
“Stirling’s expansion into the Panhandle of Florida is yet another important step in the long-term strategic plan of servicing the entire Gulf Coast market,” stated Marty Mayer, President and CEO of Stirling Properties.
Stirling Properties will continue to handle the full-time management and leasing of SunTrust Tower. The 9-story, 95,000 square-foot office tower has been the premier office address in the downtown market for 40 years. Jason Scott, Senior Sales and Leasing Executive/Property Manager, transferred from Stirling’s Mobile office to the Pensacola office, where he will oversee the management and leasing of SunTrust Tower. Holding a broker’s license in both Alabama and Florida, Mr. Scott will also be responsible for expanding third party brokerage and management opportunities in Northwest Florida. With over 35 years’ experience in commercial real estate, Mr. Scott began his career in Pensacola and is excited to be part of Stirling’s expansion into Florida.
“Handling the management and leasing of SunTrust Tower gives us a great opportunity to expand Stirling’s footprint into the Florida Panhandle,” stated Will Barrois. “We are looking forward to serving our existing clients and expanding the full complement of property management, brokerage, acquisitions and development from our new Pensacola office.”
For your commercial real estate needs in Florida, contact Stirling Properties at the new office located at 220 West Garden Street, Suite 802, Pensacola, Florida, or call (850) 418-6792.
Stirling Properties’ Beth Cristina Elected as President of Louisiana Realtors
Stirling Properties is pleased to announce that Beth Cristina, Senior Broker Associate in our New Orleans office, has been elected to serve as President of Louisiana Realtors.
Louisiana Realtors represents its membership on important real estate-related issues to state and federal government, while providing legal assistance, professional development opportunities, discounts, and other unique services for its membership of over 10,000 realtors statewide.
Beth was installed alongside 7 Louisiana Realtors officers and 11 local board presidents. In addition to her many duties and responsibilities as President of Louisiana Realtors, she will also serve as a director of the National Association of Realtors (NAR) during her term.
Beth has previously served as Secretary Treasurer, Director at Large, Vice Chair of the Strategic Planning Committee, Vice President of Region 4. She was also recently recognized for outstanding commercial achievement as a National Commercial Award recipient by the Commercial Real Estate Division of NAR and received the 2010 Realtor of the Year award from Louisiana Realtors.
Stirling Properties’ Beezie Landry Closes on Sale of Three Investment Properties
Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of three investment properties recently totaling over $15 million. In each of these transactions, Mr. Landry represented the Seller.
CVS
9006 Greenwell Springs Rd, Baton Rouge, LA– 13,824 SF
Patrick Luther & Matthew Mousavi of Faris Lee Investments assisted in the sale.
Buyer: Private New York based investor in a 1031 exchange.
Seller: Private Louisiana based investor
Price: $4.75 million
CVS has approximately nine years remaining in the lease as well as an option to extend the lease for up to another 20 years.
Park Plaza
3005 – 3147 Highway 14 (Gerstner Memorial Drive), Lake Charles, LA– 172,949 SF
Anchor: Conn’s
Buyer: Private Houston based investor
Seller: Weingarten Realty Investors
Price: $6 million
Value add opportunity with 40% vacancy
Woodmere Crossing
1540 Eastern Boulevard, Montgomery, AL– 42,257 SF
Co-listed with Jeff Barnes of Stirling Properties Mobile, Alabama office, as well as in connection with Auction.com.
Tenants: Petco, Books-A-Million, Jason’s Deli, and Sally Beauty Supply
Buyer: BV Belk Properties based in North Carolina
Seller: Woodmere Crossing was a lender owned property
Price: $4.4 million
Investment Sales is a linchpin to our brokerage division. Whether it’s achieving goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset acquisitions and dispositions of income-producing, distressed, vacant and REO properties. From institutional to private investors, we assist in finding and securing assets that have opportunities for added value and improved performance as well as assets with stabilized risk-adjusted returns.
For more information regarding Investment Sales contact Beezie Landry blandry@stirlingprop.com or 985-898-2022.
Stirling Properties Welcomes Angela McArthur to its Mobile, AL Team
Stirling Properties is pleased to announce the addition of Angela McArthur to the Commercial Brokerage Division as Sales and Leasing Executive. Mrs. McArthur will work from the company’s Mobile, Alabama office located at 1110 Montlimar Drive, Suite 830.
Mrs. McArthur brings with her over 25 years of experience in Commercial Real Estate. Prior to joining Stirling Properties, Angela was with Prudential Cooper & Company in Mobile, Alabama. Through the years, she has represented a wide range of local, regional and national clients and has developed an expertise in the areas of retail site selection and acquisition, sales and leasing, property management, buyer/tenant representation and corporate leasing services.
Angela can be reached at 251-342-7229 or via email at amcarthur@stirlingprop.com.
