Stirling Properties Completes First Multi-Family Acquisitions
COVINGTON, Louisiana —- (AUGUST 22, 2011) Stirling Communities I, LLC, an entity of investors led by Stirling Properties, successfully completed their first acquisition which includes three Louisiana apartment communities in Lafayette and one in Baton Rouge, for a total of 370 units. The back-to-back deals closed on August 2 and August 17, 2011, with loan origination through Walker & Dunlop’s multi-family finance group and financing through Freddie Mac. (more…)
Stirling Properties Officially Announces Sam’s Club is Coming to River Chase
COVINGTON, Louisiana —- (AUGUST 16, 2011) Stirling Properties, the developer of River Chase, officially announces that Sam’s Club is coming to River Chase Shopping Center, the largest open-air retail center in St. Tammany Parish. Sam’s Club closed today on the purchase of a 16.58 acre site for the development of a new, 136,000 square foot store at River Chase. Wal-Mart Stores, Inc., the parent company for Sam’s Club, has committed to build their top of the line prototype building at the River Chase site, which will not resemble any other Sam’s Club in Louisiana.
This new Sam’s Club will be the only one in western St. Tammany and construction on the predominantly stone and brick facade will begin soon as Sam’s has already obtained all the necessary permits to begin. The anticipated opening is scheduled for fall 2012 and is expected to provide 100+ jobs for the area.
For more information about the Sam’s Club deal or River Chase development contact Townsend Underhill, Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at (985)-246-3785.
Stirling Properties Welcomes Scott Macdonald to Its Team
BATON ROUGE, Louisiana —- (JULY 13, 2011) Stirling Properties welcomes Scott Macdonald to its Commercial Brokerage Team as a specialist in office and industrial leasing. He will work out of the company’s Baton Rouge office located at 8550 United Plaza Blvd., Suite 303 where he will spearhead all leasing and marketing efforts of all United Plaza offices.
“With more than 11 years of commercial real estate knowledge and a background that includes the negotiation and successful closing of over $450 million in sales, Scott knows what it takes to drive new business in highly competitive markets,” said Grady Brame, Executive Vice President and Partner of Stirling Properties. “His caliber of expertise adds depth to our roster and strengthens the breadth of services we provide our clients.”
Prior to joining Stirling Properties, Mr. Macdonald was Vice President of Cassidy Turley/CPS, a full-service commercial real estate brokerage company located in Santa Clara, California. His primary focus while with CPS was office, R&D and manufacturing leasing and sales. Some of Mr. Macdonald’s major clients include AkzoNobel, Barry Swenson Builder, Integrated Device Technology, iStar Financial, Nearon Enterprises, PS Business Parks and Xangati, Inc.
Mr. Macdonald is a Louisiana native and earned a Bachelor of Science degree from Louisiana Tech University in Ruston, Louisiana.
Beth Cristina Named 2010 Louisiana REALTOR of the Year
Photo courtesy of www.NOMAR.org
Congratulations to our very own Beth Cristina, who was chosen by Louisiana REALTORS (LR) as the 2010 Louisiana REALTOR of the Year. This prestigious honor was presented yesterday, May 25th, 2011, at the association’s state-level Awards Luncheon held annually at the “REALTOR Action” Spring Conference in Baton Rouge.
Chosen by a special LR selection committee, the Louisiana REALTOR of the Year award, established in 1958, recognizes the REALTOR member who has contributed most to the advancement of their profession and the community at large during the current year.
Beth’s passion and ability to lead is evident through her past honors and industry involvement. In 2009, she received both the New Orleans Metropolitan Association of Realtors (NOMAR) Commercial Investment Division’s “Service to the Industry” Award and REALTOR of the Year.
Beth is a member of the National Association of Realtors, Realtors Land Institute and the Urban Land Institute. She currently serves on LR’s Board of Directors and is also involved as a Division Director for Commercial in their Executive Committee and Realtors Commercial Alliance Team.
Stirling Properties Appoints Bill McFadden to Regional Manager of North Louisiana
SHREVEPORT/BOSSIER CITY, Louisiana —- (May 19, 2011) Stirling Properties is proud to announce that Bill McFadden will assume the role of Regional Manager for North Louisiana.
This appointment follows the recent listing contract for the sale and lease of the Villaggio Development and the hire of Property Manager Melinda Brazzel. While McFadden will continue to conduct brokerage activities in the Shreveport/Bossier City area, in his new role as Regional Manager, he will also oversee and coordinate all property management and brokerage activities associated with multiple property types including retail, office, and industrial properties located across North Louisiana.
“Bill has always been active throughout North Louisiana demonstrating a caliber of leadership that is unmatched in our industry,” said Donna Taylor, Senior Vice President of Asset Management and New Business Development for Stirling Properties. “His dedication to success enhances the capability of the services Stirling Properties provides and we support him in this new role as Regional Manager.”
McFadden joined Stirling Properties in 1992 bringing with him an extensive amount of knowledge and experience in asset and property management from previous employments with The Sealy Companies, General Growth Properties and Simon Management Company.
He is a member of the International Council of Shopping Centers (ICSC) and holds designations as Senior Certified Shopping Center Manager and Senior Certified Marketing Director. Professionally, McFadden serves on the Bossier Economic Development Foundation and the Northwest Louisiana Association of Realtors Commercial Investment Division Boards of Directors and served 8 years on the Board of Directors for the Bossier Chamber of Commerce.
Stirling Properties Awarded Exclusive Listing Contract for The Villaggio Development
Villaggio at Bossier City, Louisiana
BOSSIER CITY, LOUISIANA (MAY 2, 2011)–On May 1st, 2011, Stirling Properties was awarded the exclusive listing contract for the sale and lease of existing retail shop space and vacant land at Villaggio in Bossier City. As the Broker, Stirling Properties will market approximately 55,000 square feet of main street retail space and up to six outparcel pad sites while the ownership and operation of the multi-family and office space will be retained by Villaggio Bossier, LLC.
“Stirling Properties is already working to maintain the owner’s vision of incorporating traditional and specialty retail stores that fit the unique needs of a growing city like Bossier,” said Stirling Properties’ Bill McFadden, Regional Manager of Property Management and Brokerage in North Louisiana. “Our experience with retailers both on the national and local level reflects Stirling’s ability to deliver the best results for high profile projects such as Villaggio.”
Villaggio is a 64-acre lifestyle development that offers a unique blend of specialty retail, dining, office and single and multi-family residential living opportunities. Developed by The Good Companies, headquartered in Texarkana, Texas; Villaggio is located between Interstate 20 and Highway 80 in North Bossier City, Louisiana. A rich tradition of Italian living is incorporated into the development’s architecture, streetscapes, sidewalk cafes, residences and shopping. The site includes an authentic Italian promenade featuring a 45 ft. clock tower, a 6-acre lake and recreational paths that connect the entire development.
“We knew the owners were looking for a company that understood the dynamics of a major multi-use development and the fact that Stirling Properties was selected is a testament to the credibility and types of services our company and agents are able to provide our clients,” stated Donna Taylor, Stirling Properties’ Senior Vice President of Asset Management and New Development.
For retail sales and leasing opportunities available at Villaggio, contact:
Bill McFadden; bmcfadden@stirlingproperties.com
2646 Beene Blvd., Bossier City, LA 71111
(318) 797-4393
