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.
Stirling Properties’ Beezie Landry Closes on Sale of Five Investment Properties in September
Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of five investment properties in September totaling over $38 million. In each of these transactions, Mr. Landry represented the Seller.
Two single tenant Rouses Markets
2851 Belle Chasse Highway, Gretna, LA– 57,644 SF
Buyer: Rouses Market
Seller: Private New York based investor
50 Park Place, Covington, LA – 57,206 SF
Buyer: Rouse / Kingsmill, L.L.C.
Seller: Private New York based investor
Westwood Village
Southwest Corner of West Congress Street and Bertrand Drive, Lafayette, LA– 138,034 SF
Co-Listed with Charles Cornay, Senior Sales Executive for Stirling Properties
Multi-tenant grocery anchored shopping center
Anchor Tenants: Rouses Market, CVS, and Stage
Buyer: Private Lafayette based investor completing a 1031 exchange
Seller: Weingarten Realty Investors
Single Tenant Walgreens
2001 Carol Sue Avenue, Gretna, LA– 17,238 SF
Developed and sold by Stirling Properties
Brand new 25 year deal
Sold at a cap rate of 5.55%
Executed contract to closing was only 26 days
Buyer: Realty Income Corporation
Seller: Private Investor Group led by Stirling Properties
Winn Dixie
804 West Oak Street, Amite, LA– 49,771 SF
Winn Dixie recently renewed lease for 10 years
Executed contract to closing was only 22 days
Buyer: American Realty Capital Properties
Seller: Southland-Amite WD (a Chicago based investor)
“Year to date Beezie has closed on approximately $60 million in Investment Sales representing both Buyers and Sellers,” stated Chris Abadie, Vice President and Manager of Commercial Brokerage at Stirling Properties. “The clients he has represented have been publicly traded REITs as well as private investor groups on deals that include single tenant, ground leases and multi-tenant grocery anchored shopping centers.”
Investment sales is a linchpin to our brokerage division. Whether it’s achieving the goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset dispositions whether the property is income-producing, distressed, vacant or REO. From institutional investors to private investors, we help buyers find and secure assets that have opportunities for added value and improved performance, or assets with stabilized risk-adjusted returns.
For more information regarding Investment Sales, contact Beezie Landry blandry@stirlingprop.com or 985-898-2022.
Stirling Properties and CBL & Associates Properties, Inc. Developing Phase II of Fremaux Town Center in Slidell, LA
Anchored by Dillard’s, Phase II is Over 70% Leased
Stirling Properties and CBL & Associates Properties, Inc. (NYSE: CBL) announced today the construction of the second phase is underway at Fremaux Town Center in Slidell, Louisiana. Site work commenced in June with a scheduled opening in October 2015. Phase II will include roughly 285,000 square feet of additional retail space and will be anchored by a 128,000 square-foot Dillard’s. Phase II is over 70% leased, including executed leases with Red Robin, Zales, Aveda and Francesca’s as well as numerous other retailer commitments to be announced as the project progresses.
“We are excited to offer additional retail and restaurant options for the region that will complement the existing mix of successful stores and restaurants at the center,” stated Townsend Underhill, Stirling Properties’ Senior Vice President of Development.
Currently 99% leased, Phase I of Fremaux Town Center opened in March of this year with approximately 350,000 square feet of retail anchored by Dick’s Sporting Goods, Michaels, T.J.Maxx, and Kohl’s. Sports Clips and Panera Bread recently opened and several other tenants are scheduled to open as follows: Payless ShoeSource and Five Guys Burgers and Fries this week, Starbucks in September, and rue21 and a 41,000 square-foot, full-service LA Fitness later this year. BJ’s Restaurant & Brewhouse recently purchased a 2.3 acre outparcel and is also now under construction with an opening scheduled in early 2015.
“Fremaux Town Center has been successful from the start due to the collection of retailers here and the ideal location,” said Michael Lebovitz, Executive Vice President of Development and Administration at CBL. “This expansion allows us to add even more great retailers to the mix.”
Located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Fremaux Town Center will be over 635,000 square feet upon completion. With its interstate location and high-visibility, Fremaux Town Center is expected to become a regional shopping destination.
For leasing information, please contact Ryan Pecot at 337.572.0246 or email at rpecot@stirlingprop.com; Rodney Gordon at 423.553.8704 or email at rodney_gordon@cblproperties.com or Robert Snetman at 423.490.8333 or email at robert_snetman@cblproperties.com.
Stirling Properties’ Peter Aamodt Completes New Orleans Regional Leadership Institute
Stirling Properties is pleased to announce that Peter Aamodt, Vice President of Development, is one of 41 business, civic and community leaders to complete the 2014 New Orleans Regional Leadership Institute (NORLI).
NORLI is a nine-month program designed to enhance personal leadership skills and examine issues central to the advancement of the Greater New Orleans region. “The opportunity to discuss and debate the many issues and challenges that face the Greater New Orleans Region with a diverse group of business and community leaders was tremendous,” stated Peter Aamodt, “It was an invaluable experience.”
Through a competitive application process, the class brings together business, civic, and community leaders representing all races, genders, industries, and communities in the region with a mission to promote regional collaboration by providing a forum for the exchange of diverse viewpoints and a network of relationships.
Stirling Properties Expands Presence in Mobile, Alabama by Acquiring John Toomey & Company, Inc.
COVINGTON, LOUISIANA (MAY 13, 2014) – Stirling Properties announces the acquisition of John Toomey & Company, Inc., a commercial real estate company based in Mobile, Alabama. The acquisition of John Toomey & Company, Inc. further strengthens Stirling Properties’ presence in the Gulf South and is a critical step in Stirling’s long-term strategic growth plans.
Toomey’s current portfolio of 1.8 million square feet will be integrated into Stirling Properties’ portfolio bringing the total to 15.5 million square feet. John Toomey and his team will join Stirling Properties, with Mr. Toomey to serve as Broker/New Business Development Coordinator for the Mobile Area.
Marty Mayer, President and CEO of Stirling Properties, said, “The incredible resurgence of the Gulf Coast as the country’s Third Coast has provided growth and opportunities all along the Gulf South. We feel as though Mobile is a key component in this resurgence. To increase our regional presence, we are excited to collaborate with a company that has over 20 years’ experience and deep roots in Mobile.”
The founder of John Toomey & Company, Inc., John Toomey, believes that aligning with Stirling Properties will provide a higher caliber of service to existing and future clients. “Stirling Properties is a very strategic and forward-thinking company. The resources they offer our brokers and property owners will enable us to take our client services to a new level. I am so proud of my team and find it very gratifying that our work was noticed and appreciated by Stirling Properties.”
“This alignment reinforces Stirling Properties’ commitment to personally invest in the markets we serve and provides a strong foundation for continued growth in all facets of our company that include the development, management, brokerage and acquisition of commercial properties throughout Alabama and the Gulf South”,” stated Will Barrois, Stirling Properties Vice President/Regional Manager of Alabama and Florida.
For commercial real estate needs in Alabama, contact Stirling Properties at their Mobile office located at 182 St. Francis Street, Suite 101, or call (251) 706-6457.
Stirling Properties’ Donna Taylor Earns ICSC Designation
Stirling Properties is pleased to announce that Donna Taylor, Senior Vice President of Asset Management & New Business, has earned the International Council of Shopping Centers (ICSC) Certified Retail Property Executive (CRX) designation.
ICSC estimates that less than 10% of industry professionals have achieved this important status, setting Ms. Taylor, as well as Stirling Properties, apart from the rest. Donna joins other members of Stirling’s leadership team, Lewis Stirling, Townsend Underhill and Chris Abadie, who have obtained the CRX designation.
With over 6,000 designees in 55 countries, 800 of whom hold CRX designations, ICSC certification programs are a mark of excellence. Certifications focus on raising industry professional standards worldwide and give special recognition to shopping center professionals who demonstrate the highest levels of competency in their industry through professional education, experience, ethics, and by passing a rigorous examination.
