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.
Stirling Properties’ Commercial Agents among Top Producers at Annual CID Awards Ceremony
Stirling Properties’ commercial agents were honored during the New Orleans Metropolitan Association of Realtors Commercial Investment Division’s 21st annual awards banquet held Friday, April 4, 2014 at the Southern Yacht Club.
Leading the way was Rhonda Sharkawy, who received the F. Poche Waguespack Award for having the highest volume of sales and leases in the marketplace for the year. This is her fourth consecutive year to receive this honor and one of only a handful of women to achieve it since it was created back in 1964. Rhonda’s volume totaled more than $45 million as well as winning the award for most commercial transactions, with 83 in total for 2013.
In addition to celebrating the top producers and transactions of 2013, the awards ceremony also recognized commercial agents who passed the $2 million mark in sales. Also recognized was Gaines Seaman who received the Overall Top Office Producer Award with more than $14 million in volume and Joe Gardner who had the Top Dollar Retail Lease with a volume of over $5 million.
Stirling Properties to Develop Full-Service Walgreens Drugstore in Metairie, Louisiana
Stirling Properties is pleased to announce the development of a new full-service Walgreens drugstore in Metairie, Louisiana. The proposed Walgreens will be located at the intersection of Veterans Boulevard and Power Boulevard in the Barlon Plaza Shopping Center. The new store will be a ground-up relocation of the existing Walgreens that is currently within the center.
“This project is a culmination of many months of hard work and a strong partnership between Walgreens, the landowners, Stirling Properties, and Jefferson Parish. This is the way successful development projects should work”, Peter Aamodt, Vice President of Development for Stirling Properties.
The larger 14,000 square foot store will have a drive thru window, a full service pharmacy, and will serve as a catalyst for future development to help revitalize an aging shopping center and retail corridor. Construction on the Metairie store is slated to begin in July and open in the first quarter of 2015. Stirling is providing pre-development services, including lease negotiation, permitting, financing, design, as well as construction and project management.
As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long-standing relationship with the retailer. Stirling recently developed and opened new Walgreens stores on Magazine Street in New Orleans, Terry Parkway in Gretna, and Pass Road in Gulfport, Mississippi.
For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.
Stirling Properties Celebrates Team Members at Annual Stirling Honors Event
On Thursday, March 27, Stirling Properties hosted the company’s annual Stirling Honors meeting and recognition luncheon at Rosy’s Jazz Hall in New Orleans. Stirling Honors is a day to honor the hard work and dedication of the entire Stirling Team and to award Commercial Production Awards and Service Awards. Keynote Speaker Scott Aiges, Director of Programs, Marketing & Communications of the New Orleans Jazz and Heritage Foundation, spoke about the Foundation’s mission and all of the programs offered in the areas of education, economic development and cultural enrichment. The day’s events also included performances by students and faculty from The Don Jamison Heritage School of Music, the New Orleans Jazz and Heritage Foundation’s principal music education program. Stirling Properties was pleased to present Mr. Aiges with a donation to the New Orleans Jazz and Heritage Foundation to help in their efforts to support New Orleans’ education, economy and culture. Commercial Award recipients received recognition for Bronze, Silver, Gold, Platinum, Diamond and Ruby production levels based on individual Adjusted Gross Commission numbers for 2013. Included in the awards were special recognitions given to Rhonda Sharkawy, Senior Retail Leasing and Development Executive in the New Orleans office, for the Most Transactions and Top Agent. Also recognized was Seth Citron, Sales and Leasing Executive in the Lafayette office, for having the highest production level improvement over the previous year.
- Ruby Award 2013: Rhonda Sharkawy – New Orleans Office
- Diamond Award 2013: Gaines Seaman – Metairie Office Ryan Pecot – Lafayette Office Charles Cornay – Lafayette Office
- Platinum Award 2013: Seth Citron – Lafayette Office
- Gold Award 2013: Beezie Landry – Covington Office Scott Macdonald – Baton Rouge Office Will Barrois – Mobile, Alabama Office Keitha Marcotte – Shreveport Office
- Silver Award 2013: Roger Bajon – Covington Office Joe Gardner – New Orleans Office Dottie Tarleton – Baton Rouge Office Mike Immel – Lafayette Office Rick Skelding – New Orleans Office Lee de la Houssaye – Covington Office
- Bronze Award 2013: John Arthurs – New Orleans Office Ryan Murphy – Covington Office
Also recognized were employees who achieved special anniversaries with the company. Service Awards were given to 5, 10, 15, 20 and 25 year milestones.
- 25 Years Lewis Stirling – New Orleans Office
- 20 Years Paul Mastio – Covington Office
- 15 Years Joe Goudeau III – Baton Rouge Office Barbara Meaux – Lafayette Office
- 10 Years Cyndie Quave – Covington Office Gerry Catanese – Covington Office Peggy Sayler – Covington Office Gena Randall – Covington Office
- 5 Years Joe Gardner – New Orleans Office Doug Ferguson – Covington Office Cheri Pareti – New Orleans Office Tricia Autin – Westpark Storage Office Tammy Cox – Westpark Storage Office Marie Crawford – Covington Office
Stirling Properties Completes Acquisition of Ansley Place Apartments in Houma, LA
Stirling Communities II, LLC, an entity of investors led by Stirling Properties, successfully completed their acquisition of Ansley Place Apartments. Ansley Place is a 246-unit “Class-A”, luxury garden-style apartment community located at 100 Ansley Place Court in Houma, Louisiana. Completed in 2008, the Property encompasses thirteen (13) two- and three-story apartment buildings, one (1) single-story leasing office, and four (4) single-story garage buildings on 21 acres of land. The deal closed on April 1, and involved the assumption of an existing HUD 223(f) loan on the property.
“We believe the frenzied activity at Port Fourchon resulting from the return of Gulf exploration, significant expansion projects currently underway at several key service firms in the Houma area, the fully booked pipelines at the shipyards of Edison Chouest and Bollinger, and the various coastal restoration projects either underway or planned, will lead to a substantial increase in the population and employment base of the Houma area over the next five years. With its excellent location, superior floor plans, and premier status in the market, Ansley Place offers our investors a high quality asset located directly in the path of Houma’s growing economy. ,” said Justin Landry, head of Multi-Family Asset Management for Stirling Properties.
“Multi-family is an asset class that Stirling Properties has grown very bullish on in recent years based upon the demographic and economic trends in the nation,” stated Marty Mayer, President and CEO of Stirling Properties. “With the addition of Ansley Place Stirling Investors’ portfolio has grown to more than1,000 units, a significant milestone considering three years ago they did not own a single unit.”
BH Management Services, based in Des Moines, Iowa, runs the day to day activities of the property as is the case with all of Stirling’s 1,042 units.
For more information about Stirling Properties Acquisition Team and its objectives contact Jeff Marshall at (985) 246-3765 or jmarshall@stirlingprop.com.
