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.
JCH Development and Stirling Properties Celebrate Grand Opening of Magnolia Marketplace
Today, Mayor Mitch Landrieu joined representatives from JCH Development and Stirling Properties to celebrate the Grand Opening of Magnolia Marketplace, a 106,000-square-foot shopping center located at the intersection of South Claiborne Avenue and Toledano Street in New Orleans’ Central City neighborhood. Councilwoman-At-Large Stacy Head, a representative from Councilwoman LaToya Cantrell’s office and other local officials were also in attendance.
“Magnolia Marketplace is further proof that New Orleans is building back better than before. This redevelopment is creating more jobs, strengthening our local economy and giving residents more retail options right here in the heart of New Orleans,” said Mayor Landrieu. “Magnolia Marketplace is also another example of a strong public-private partnership— celebrating the new way of doing business in New Orleans. The project will nicely complement the nearby Claiborne corridor and help spur activity and redevelopment across the city.”
The project was 100% pre-leased prior to the January 2014 groundbreaking. Open tenants at Magnolia Marketplace include: T.J.Maxx, Ross Dress For Less, PetSmart, Shoe Carnival, ULTA Beauty and Raising Cane’s. Michaels will open on March 20, 2015. The initial phase of Magnolia Marketplace included a 6,000-square-foot development located at the intersection of South Claiborne Avenue and Fourth Street that opened in 2014 and now houses Capital One Bank, Subway and T-Mobile.
“This grand opening is about creating jobs, attracting national retailers, improving quality of life, building economic momentum, and turning Claiborne into a regional commercial corridor,” said Councilmember LaToya Cantrell of District B. “I am excited to celebrate the grand opening of this venture and I believe that it is a sign of future development in this city.”
“This project is evidence of the resurgence of Central City and represents yet another important step in bringing additional retail to the city,” said Townsend Underhill, senior vice president of development for Stirling Properties. “We would like to thank the City of New Orleans and Mayor Landrieu’s Administration as well as the City Council, particularly councilmembers Latoya Cantrell and Stacy Head for being supportive in yet another project that signifies Stirling’s commitment to the City of New Orleans.”
During the ceremony, Tara Hernandez, president of JCH Development, unveiled the Toledano Art Wall, a mural painted by local artists Rontherin Ratliff and his team at YAYA Inc.; Brandan “Bmike” Odums; and, Ellen Macomber. It conveys a story of many historical elements and events from the Central City neighborhood to share some of the area’s proudest moments and accomplishments.
“We are proud to bring a dynamic new retail development to an underserved portion of the city,” said Hernandez.
Magnolia Marketplace is directly south of Harmony Oaks, a 460-unit, mixed-income residential development. The Marketplace will serve one of the city’s busiest corridors, with traffic counts exceeding 70,000 cars a day. Claiborne Avenue also provides a vital connection between Uptown New Orleans and the Central Business District.
These recent commercial projects are significant in light of a 2012 report by the New Orleans Business Alliance (NOLABA) that analyzed the retail spending of Orleans Parish residents. The report estimates that Orleans Parish loses $1.9 billion in retail sales to neighboring parishes and other U.S. cities each year. Since being founded in 2011, NOLABA has focused on attracting retail and development throughout New Orleans. In addition to facilitating smooth progression of the project, NOLABA performed an independent economic analysis on the development before it began.
“Our evaluation revealed that the Magnolia Marketplace development would benefit area residents, people who travel Claiborne Avenue and the City’s general fund through increased sales taxes, particularly because it attracted new national retailers to Orleans Parish,” said Melissa Ehlinger, interim president and CEO of NOLABA. “We always look for better than average returns on public investment, for impact that reaches New Orleanians at a variety of economic levels, and for projects that enhance the city’s attractiveness to future investment. Magnolia Marketplace serves up all of these.”
For more information about Magnolia Marketplace, contact Townsend Underhill at tunderhill@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Stirling Properties Mobile Office Relocates to Larger Space
COVINGTON, LA – March 2, 2015– Stirling Properties is excited to announce the relocation of its Alabama office to One St. Louis Centre located in downtown Mobile. In addition to being a tenant, Stirling will also manage and lease the 97,514 square–foot professional office building.
New Contact Information:
Stirling Properties Mobile Office – 251-342-7229
One St. Louis Centre
1 St. Louis Street, Suite 4100
Mobile, Alabama 36602
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.
Whole Foods Market coming to Stirling Properties’ Premier Centre in Mandeville, La.
First Whole Foods Market location for Northshore New Orleans
Stirling Properties announces the addition of Whole Foods Market® to the tenant lineup at Premier Centre, a 273,000-square-foot shopping center near the intersection of U.S. Highway 190 and North Causeway Boulevard in Mandeville, Louisiana.
The approximately 40,000-square-foot Whole Foods Market store, the first for Northshore of New Orleans, will offer customers a large selection of natural and organic products with features tailored to the local Louisiana community.
“We are excited to bring such an in-demand, high-caliber retailer to the Northshore community,” said Donna Taylor, Stirling Properties’ Senior Vice President of Asset Management and New Business. “Whole Foods Market is a welcome addition to Premier Centre and will be a regional draw for the city of Mandeville.”
“On behalf of the city of Mandeville, we welcome the announcement that Whole Foods will be locating in Mandeville,” Mandeville Mayor Donald Villere said. “As mayor I have had requests for years to get Whole Foods to become a part of the city. I believe their opening will be the start of a long lasting relationship with the citizens of Mandeville.”
Whole Foods Market, projected to open in the first quarter of 2016, will be located in a portion of the space currently occupied by Albertsons. Twenty thousand square feet of adjacent space is available for lease. Premier Centre is situated in the heart of the Mandeville community on the Northshore of Lake Pontchartrain in St. Tammany Parish. This center has maintained 100 percent occupancy since opening in 1998, and sales per square foot are well above average for the national tenants in the center. Whole Foods Market joins Stein Mart, Bed Bath & Beyond, T.J.Maxx, Barnes & Noble, Old Navy and many other national retailers.
For more information, email dtaylor@stirlingprop.com or call (985) 898-2022.
For information about the adjacent 20,000 square feet available for lease email rsharkawy@stirlingprop.com or call (985) 898-2022.
