New Office Park Coming to River Chase
In addition to the announcement of Sam’s Club and other exciting new retail tenants coming to River Chase Shopping Center in Covington, Louisiana, Stirling Properties is actively pre-leasing the first phase of the Offices at River Chase, a 42 acre office park that will feature a parking garage and is within walking distance to hotels, restaurants, banks, a theater, luxury apartments and over 945,000 square feet of retail.
Rendering
The 6-story, 157,400 square-foot premier, Class A office building will be the first of the five-building Offices at River Chase. Available spaces range from approximately 1,800 to 26,000 square feet per floor. The building will be built with state-of-the-art construction using the highest quality materials and will have LEED Silver Certification from the U.S. Green Building Council. The architectural firm is Wakefield, Beasley & Associates, a highly respected firm committed to designing environmentally responsible buildings all over the world. We are looking for 50% minimum preleasing prior to beginning construction. Stirling Properties will be developing, managing and leasing the buildings. For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774.
Stirling Golf Tournament Raises Money for Mary Bird Perkins Cancer Center
COVINGTON, Louisiana —- (September 26, 2011) Stirling Properties’ 11th Annual Stirling Invitational Golf Tournament raised $10,000 for Mary Bird Perkins Cancer Center. The scramble-style golf tournament hosted by Stirling Properties was held Monday, September 19th at the University Club, in Baton Rouge where generous contributions from sponsors and close to 100 golfers helped to make the event a success. (more…)
Stirling Properties Expands Retail Options at River Chase Shopping Center
Eight National Retailers Prepare to Open Spring 2012
COVINGTON, Louisiana —- (SEPTEMBER 23, 2011) Stirling Properties announces River Chase Shopping Center Phase Two, which broke ground in August, and the addition of eight new national tenants that will bring 85,000 square feet of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012 and will occupy built-to-suit space located within the center’s southern end, south of Brewster Road.
Five of the eight national tenants have signed leases. They are as follows:
- Michaels, the largest specialty retailer of arts, crafts, framing, floral and more, will occupy 28,290 SF. This will be the retailer’s second location in Western St. Tammany with a store already in Mandeville.
- Chuck E. Cheese’s, a leader in the family dining and entertainment industry, will occupy 15,400 SF. This will be the second St. Tammany Parish location for the retailer and first for Western St. Tammany.
- ULTA Beauty, the largest beauty retailer providing prestige, mass and salon products and services, will occupy 10,000 SF. This location will be the retailer’s first within the New Orleans Metro and fifth in Louisiana with stores in Baton Rouge, Hammond, and Shreveport and coming soon to Bossier City.
- Charming Charlie, an affordable women’s fashion accessory boutique, will occupy 8,000 SF. This location will be the retailer’s first within the New Orleans Metro and fourth in Louisiana with stores in Lafayette, Baton Rouge and Hammond.
- Carter’s, a leading brand of children’s clothing, gifts and accessories, will occupy 4,300 SF. This marks the retailer’s third location in Louisiana with a store already in Bossier City and an outlet center in Gonzales.
The remaining three national tenants are in lease and will be announced in the near future. Of them, one is a soft-good tenant that will occupy 8,500 square feet. This will mark their first location in Louisiana; a significant move for the retailer and tremendous economic opportunity for St. Tammany Parish. The other two will be great additions to the well-established co-tenancy at River Chase Shopping Center, occupying 3,600 and 5,300 square-foot spaces.
“The expansion of the River Chase Shopping Center is a strong show of the strength of the Western St. Tammany retail market and the continued growth that this market is seeing,” said Stirling Properties’ Vice President of Development Townsend Underhill. “It is very exciting to see such highly regarded national retailers enter the Western St. Tammany market for the first time and we know they will be successful at River Chase.”
This announcement comes on the heels of the official announcement that Wal-Mart Stores, Inc. will build an upscale Sam’s Club at River Chase which is scheduled to open in fall 2012 – just months after these multiple retailers open.
On top of the new retail activity at the River Chase Shopping Center, the entire River Chase development is experiencing new growth. Brewster Commons at River Chase is currently renting 1, 2 and 3 bedroom luxury apartment homes for November occupancy. Holiday Inn Express and Fidelity Homestead Savings Bank are also set to begin construction at River Chase later this year. As well, a 42-acre office park is now pre-leasing 157,400 square feet of space which will be located east of Stirling Boulevard across from the new Sam’s Club location.
For more information about the River Chase development contact Townsend Underhill at tunderhill@stirlingprop.com or call (985) 898-2022.
For information about new construction opportunities, one to six acre outparcels for sale and retail leasing inquiries, contact Rhonda Sharkawy, Retail Leasing & Development Executive for Stirling Properties, at rsharkawy@stirlingprop.com or call (504) 523-4481.
For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774.
Stirling Properties Adds Property Controller to Accounting Team
COVINGTON, Louisiana —- (SEPTEMBER 7, 2011) Stirling Properties, a regional real estate firm, welcomes Colleen Angerdina, CPA to its team of professionals as the Controller of Property Accounting. This move provides Stirling Properties with the added expertise needed to handle the growing number of managed properties within the company’s portfolio, which currently includes over 12 Million square feet.
“Colleen’s extensive experience in tax consulting services, specifically in real estate, construction and multi-state taxation strengthens the core of our accounting team,” said Paul Mastio, Chief Financial Officer of Stirling Properties. “Her expertise enables Stirling Properties to continue to deliver unparalleled service to our clients.” (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 Appoints Paul Mastio as Chief Financial Officer
COVINGTON, Louisiana —- (JUNE 23, 2011) Stirling Properties appoints Paul Mastio as the company’s new Chief Financial Officer (CFO) from his previous position as Senior Vice President of Operations and Accounting. This appointment was effective Monday, June 20, 2011,
“As Stirling enters into its next phase of the company’s evolution and growth, it is essential that we have someone like Paul overseeing all of the financial operations of our company and helping to guide us to greater efficiencies and profitability,” said Marty Mayer, President and CEO of Stirling Properties. “Paul’s contributions to Stirling over the years have been invaluable to our success.”
As CFO, Mr. Mastio is responsible for the oversight of the company’s Accounting and Information Technology departments. He will report to the President and CEO while directly working with the Management Team to identify needs, manage processes for financial forecasting and budgets, as well as give advice on the impact of long range planning, strategies and regulatory actions.
“Since joining Stirling Properties, I’ve watched the company grow and evolve” said Mastio. “I am honored to be part of this next phase of business and look forward to seeking a full range of industry solutions that will lead Stirling into future successes.”
Mr. Mastio has been with Stirling Properties for 18 years. He currently is a member of both the Management Advisory Committee and Company Forum, which meet regularly to discuss all aspects of company strategy, planning and operations.
Mr. Mastio obtained his Bachelor of Science degree from Southeastern Louisiana University. Shortly after graduation, he earned his Certified Public Accountant (CPA) designation. Mr. Mastio is a member of the Society of Louisiana Certified Public Accountants (LCPA), American Institute of CPAs (AICPA), and the National Association of Real Estate Consultants (NAREC).
