Red or White Wine & Gourmet Center coming to The Wharf in Orange Beach, Alabama
Stirling Properties commercial real estate company is pleased to announce that Red or White Wine & Gourmet Center is coming to The Wharf, located in Orange Beach, Alabama. Jeff Barnes, CCIM, Stirling Properties’ Broker, handled the lease transaction.
Red or White Wine and Gourmet Center will occupy 2,852 square feet of water-front space on the Ground Floor of Levin’s Bend, Suite D-128 at The Wharf, and plans to open in October of 2017. This will be the third location for Red or White in the coastal Alabama region, with existing sites in Mobile and Fairhope. The locally owned company features a wide variety of globally sourced retail wine selections, as well as a wine and tapas bar with an original menu and unique environment.
Positioned on 222 acres along the south side of the Intracoastal Waterway in Orange Beach, Alabama, The Wharf is one of the most dynamic and inviting mixed-use destinations along the Gulf Coast. Consisting of more than 376,000 square feet of commercial lease space, the current mix of tenants includes retail shopping and restaurant options, office and professional services, a 15-screen movie theater, a 112′ Ferris wheel, residential condominiums, convention space, meeting facilities, a 208-slip marina, a 132-room Springhill Suites by Marriott, and Burris Farm Market. Future plans include the development of prominent outparcels, including an exciting new zip line course scheduled to open in the fall of 2017.
For leasing information, contact Jeff Barnes, CCIM, at (251) 375-2496 or jbarnes@stirlingprop.com.
Sale of 220 West Garden Office Tower in Pensacola, Florida
Stirling Properties will resume management & leasing of the property
Rendering of proposed exterior renovations of 220 West Garden
Stirling Properties commercial real estate company is pleased to announce the closing on the sale of 220 West Garden (former SunTrust Tower) in Pensacola, Florida. The 95,329-square-foot, 10-story office tower was purchased by Civic Conversations, LLC, which is part of the Studer Family of Companies.
Jason Scott, Sales & Leasing Executive with Stirling Properties, worked on behalf of the seller on the property transaction. Stirling Properties will also resume the management and leasing assignments of the property. Exciting new renovations for the building are expected to commence in November of this year, with completion anticipated for the fourth quarter of 2018.
“We are glad that one of Pensacola’s most iconic buildings is going to continue to serve the Pensacola community in a fresh, new way,” said Scott. “We are equally excited at the opportunity to work with Studer Properties, LLP and its team to provide them with quality management and leasing services that complement Studer’s core mission for improving the quality of life.”
Studer’s plans for the property include a significant capital investment with the goal of turning it into a place for community discussions and dialogue, to host expert speakers on issues important to Pensacola, and create an open public space for citizens to meet and enjoy downtown, and a best-in-class event center.
While most of the building will remain a multi-tenant office tower, the renovation plans include converting the 17,000-square-foot ground floor into a community interaction area with café, lecture space, and an environment for other community gatherings. The existing exterior open space will become an urban plaza for musical events, outdoor movies, and other seasonal activities. The building’s ninth floor will include an observation room for visitors.
Rendering of proposed interior renovations of 220 West Garden
“Our goal has always been to improve the quality of life for people in Northwest Florida. Through our commercial ventures, we hope to help our community and our local businesses be more productive and profitable, which translates to more jobs and a better trained workforce,” said Quint Studer.
“Stirling Properties is proud to retain 220 West Garden as part of our commercial portfolio in the Pensacola region. We look forward to working with the Studers and their organization in its core mission to make Pensacola the best place to live and work,” said Will Barrois, VP & Regional Manager for AL/FL with Stirling Properties.
Stirling Properties is located at 220 West Garden Street, Suite 802 in Pensacola, Florida. Click here for more information regarding our services.
Expanding Commercial Real Estate Services in Southwest Louisiana
Stirling Properties is pleased to announce that it is expanding its commercial real estate services in Lake Charles and the Southwest Louisiana region. Seth Citron, Sales and Leasing Executive, will lead the company’s growth efforts in the area.
Citron, a former Lake Charles resident, has led brokerage services remotely in the area over the last couple of years, and will now be returning to establish a physical presence in the market beginning Monday, August 14th.
Southwest Louisiana has seen a considerable economic boom over the last couple of years. Population growth, increased job opportunities, and rapid business expansion is making Lake Charles one of the fastest growing regions in the state. The progression is also spurring commercial real estate development that is quickly attracting new retailers and business tenants.
“Stirling Properties has been active in Southwest Louisiana for many years, but the recent economic growth has provided us an opportunity to expand our services and put boots on the ground in the market again,” said Marty Mayer, President & CEO of Stirling Properties. “Having previously lived in Lake Charles, Seth is familiar with the area. He understands the local industry and will be a huge asset to the community.”
“As part of our overall company growth strategy, Stirling Properties continues to expand and diversify our brand and footprint in Southwest Louisiana—in all facets of commercial real estate opportunities,” said Citron. “Growth in this region has reached unprecedented heights and we look forward to serving its developing real estate needs.”
Citron joined Stirling Properties’ Commercial Brokerage Division in 2007. With a focus that includes representation of both landlord and tenant needs, he has a diversified portfolio of transactions in multiple facets of commercial real estate. He has knowledge and experience in numerous fields, including industrial, land, office, retail, and specific site selection needs. His particular geographical areas of expertise include Southwest Louisiana and specific markets of Lafayette, Lake Charles, Baton Rouge, Houma, and Alexandria. Citron is an active member of the International Council of Shopping Centers (ICSC) and Retail Brokers Network (RBN).
Seth Citron can be reached at (337) 572-0273 or scitron@stirlingprop.com
Stirling Properties Awarded Management and Leasing Contract of Ambassador Plaza
Stirling Properties commercial real estate company has been awarded the management and leasing contract for Ambassador Plaza in Lafayette, Louisiana.
Ambassador Plaza, shadow-anchored by Albertsons, is a 29,405-square-foot retail center located at the corner of Ambassador Caffery Parkway and West Congress Street. It is 92% leased and has a great mix of retail and restaurant options. Tenants include Fruiti Smoothie, Little Caesars, Lotus Garden, Luxurious Nails, Omega Dentistry, Planet Beach, Saigon Noodles, Style America, Subway, The Jambalaya Shoppe, WellCare, and Wingstop.
The retail center was recently acquired by a local ownership group that has contracted with Stirling Properties for asset management services.
“Stirling Properties is excited to add Ambassador Plaza to our growing commercial portfolio. We have been active in the Lafayette market for quite some time and have a great management and leasing team as well as support staff on the ground. We look forward to working with the new ownership group to create the best return on investment for their asset,” said Donna Taylor, Sr. Vice President of Asset Management & New Business with Stirling Properties.
Stirling Properties manages nearly 18 million square feet of commercial property, with 120 million square feet of property and land for sale or lease. Other Stirling Properties management and development projects in Lafayette include Ambassador Town Center, Stirling Lafayette, River Marketplace, and the 1819 Pinhook Office Building, just to name a few.
For asset management information, contact Donna Taylor at (985) 246-3758 or dtaylor@stirlingprop.com.
Melissa Warren Named As Sales & Leasing Executive
Stirling Properties commercial real estate company is pleased to announce that Melissa Warren, CCIM, has joined its Commercial Brokerage Division as Sales and Leasing Executive. She will work from the company’s New Orleans office located in the Pan American Life Center at 601 Poydras Street.
Warren has provided clients with commercial real estate advisory services since 2001. Her focus is on industrial, office, and retail sales and leasing, as well as tenant and landlord representation.
On behalf of clients, Warren has been responsible for conducting investment, market, and financial analysis, as well as negotiating purchase and lease contracts. She coordinates transaction due diligence, site selection services, user decision analysis, and assists clients with planning and zoning matters. Additionally, she has served as the leasing agent for East Jefferson General Hospital and has represented Whitney/Hancock Bank in the disposition of distressed commercial assets and office leasing.
Prior to joining Stirling Properties, Warren was a senior real estate advisor for Grubb & Ellis/ Sawyer Commercial in Gulfport, Mississippi. In 2005 and 2006, she was awarded the Top Producer Ruby Award by the Gulf Coast Association of Realtors (GCAR) for completing the largest number of commercial transactions on the Mississippi Gulf Coast. In 2010, she was inducted into GCAR’s Top Producer Round Table for lifetime achievement.
Warren graduated from Mississippi State University with a Bachelor of Arts degree in English. In 2006, she was designated a Certified Commercial Investment Member (CCIM). She is affiliated with the National Association of Realtors (NAR), New Orleans Metropolitan Association of Realtors (NOMAR) – Commercial Investment Division (CID), CCIM Institute, Louisiana Chapter of CCIM, International Council of Shopping Centers (ICSC), and Louisiana Commercial Database (LACDB).
Melissa Warren, CCIM, can be reached at (504) 620-8148 or mwarren@stirlingprop.com.
Ochsner Health System Announces Plans to Lease Former Louisiana Heart Hospital Property
Today, Ochsner Health System announced its plans to lease the former Louisiana Heart Hospital property in Lacombe, Louisiana. Stirling Properties acquired the 25-acre site earlier this month.
An official ceremony was held with Honorable Pat Brister, St. Tammany Parish President; Warner Thomas, President & CEO of Ochsner Health System; Patti Ellish, CEO of St. Tammany Parish Hospital; Bill Davis, CEO of Slidell Market SMH-Ochsner Partnership; Townsend Underhill, Sr. VP of Development for Stirling Properties; and St. Tammany Parish Council members and dignitaries.
Working together with each of its partners, St. Tammany Parish Hospital and Slidell Memorial Hospital, Ochsner plans to repurpose the building to open a Post-Acute Care Hospital to include long-term acute care, skilled nursing, and inpatient rehabilitation services in one convenient St. Tammany location. This effort will also result in job growth and expanded administrative services in the region by opening a dedicated North Shore Service Center.
“We are excited that this facility will once again be opened and provide much-needed medical services for our residents as well as jobs for our local healthcare workforce,” said President Brister. “We appreciate Ochsner’s commitment to St. Tammany Parish, and we look forward to another leading-edge healthcare facility, providing high-quality medical care.”
Townsend Underhill participated in the announcement to underscore Stirling Properties’ focus and commitment to St. Tammany Parish and the entire Gulf South region.
Stirling Properties has invested more than $350 million in St. Tammany and currently owns and operates 4 million square feet of commercial property, with assets throughout the parish—generating significant economic development opportunities, revenue, and job growth for the area and residents. Major projects in the parish include Northpark Corporate Center I & II in Covington, Premier Centre in Mandeville, Stirling Slidell in Slidell, River Chase in Covington, and Fremaux Town Center in Slidell, just to name a few.
In addition to growing its development and brokerage services, Stirling Properties is focused on acquisition and investment projects. The recently closed Louisiana Heart Hospital facility provided the company a chance to invest in a vital property and help to return it to commerce.
“This acquisition also provided us another opportunity to grow and diversify our portfolio as part of Stirling Properties’ overall growth strategy into new commercial real estate sectors within our existing footprint,” said Underhill. “Need and demand in the medical industry are growing, and so are our service lines to meet these local needs.”
Stirling Properties is thankful for its continued partnerships with Ochsner. The two companies have previously worked together on the recently announced $80 million medical clinic and micro hospital at The Grove in Baton Rouge as well as the recently completed and soon to open state-of-the-art Emergency Department and Imaging Center in LaPlace.
Stirling Properties looks forward to announcing future projects in the medical industry—and continuing to serve the commercial real estate needs of the Gulf South region.
