Stirling Properties awarded leasing of Canal Place shopping center in New Orleans
Targeting high-end local & regional retailers to join strong national retail presence.
Stirling Properties, in partnership with O’Connor Capital Partners, has been awarded the leasing assignment for Canal Place, Downtown New Orleans’ premier shopping destination, located at 333 Canal Street on the edge of the historic French Quarter.
Anchored by Saks Fifth Avenue, Canal Place is a 3-story, 260,000-square-foot upscale shopping center featuring more than 30 retailers, including luxury fashion and beauty brands, boutique clothing stores and home goods, as well as restaurants, a food court and theater. The Canal Place tenancy boasts a dynamic mix of high-end national stores such as Louis Vuitton, Tory Burch, MCM, lululemon, Anne Fontaine, Anthropologie, Tiffany & Co., J Crew, Brooks Brothers, and vineyard vines, to name a few.
Stirling Properties’ commercial advisors Carly Plotkin and Lauren Ryan are serving as the leasing agents for the property. Working with the team at O’Connor Capital Partners, they are targeting best-in-class local and regional tenants to complement the strong national tenancy already present at Canal Place.
“We are excited to work with Canal Place, one of the most prestigious, renowned shopping centers in our region. As part of our marketing and leasing efforts for the property, we are focused on bringing the best local and regional retailers to the center, further expanding its great retail mix, while also highlighting the local flair of New Orleans and our surrounding region,” said Plotkin.
“With its proximity and walkability to New Orleans’ CBD, French Quarter, Riverwalk area, and all the exciting new developments coming on-line this year, Canal Place is uniquely positioned in the heart of everything, making it the perfect location for high-quality brands looking to expand their customer base,” said Ryan.
Canal Place also offers direct frontage to the Canal streetcar line, cruise line terminal access and is connected to Westin New Orleans Canal Place Hotel, creating opportunities to capture local and visiting customers. Multiple leasing opportunities range from 8,860 square feet to 385 square feet, including retail and second generation restaurant space and food court stalls. Short term operators can be accommodated, as well as long-term tenancies.
For leasing information on Canal Place, contact Carly Plotkin at cplotkin@stirlingprop.com / (504) 620-8120 or Lauren Ryan / lryan@stirlingprop.com / (504) 620-8124.
What’s Happening at Hammond Square?
Stirling Properties announces updates on redevelopment project in Hammond, Louisiana
Stirling Properties announces new updates to the ongoing redevelopment project at Hammond Square shopping center in Hammond, Louisiana.
- Five Guys restaurant is celebrating its grand opening today, November 16. The 2,450-square-foot fast-food chain featuring made-to-order burgers, fries and hot dogs is located on Hammond Square Drive next to Chipotle, near the entrance to the shopping center. Chipotle celebrated its grand opening in August of this year.
- Firestone Complete Auto Care has finished construction on its 6,000-square-foot retail space, located on 1.15 acres on West Minnesota Park Drive, near Academy Sports + Outdoors. The automotive company plans to celebrate its grand opening on Friday, November 20.
- Becky Blount Photography is back at Hammond Square this holiday season, offering Santa portraits for customers while closely following mandated safety guidelines. Portrait sessions are by appointment only beginning November 28. Please visit Becky Blount Photography on Facebook for more details.
- Enterprise Rent-A-Car will be opening its new location on December 14. The car rental and leasing company will be located at Palace Centre East, across the street from Hammond Square, next to Walgreens.
- Le Saigon Asian restaurant will also be relocating to the shopping center in a newly developed space. Construction has begun on the 2,375-square-foot building located off CM Fagan Drive, next to IHOP. It is expected to open in the spring of 2021.
- HomeGoods and Michaels are now expected to open in February of 2021. Walk-On’s Sports Bistreaux is also expected to join the tenant lineup with projected opening dates to be announced.
Stirling Properties commercial real estate company is nearing completion on the $15 million multi-tenant redevelopment project at Hammond Square. Demolition of the former Sears and Rite Aid buildings was completed last year to make way for the new retailers.
Rhonda Sharkawy, Senior Retail Leasing & Development Advisor with Stirling Properties, handled the lease transactions on behalf of the landlord.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana, encompassing over 852,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors, Best Buy, T.J.Maxx, ULTA Beauty, Books-A-Million and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Stirling Properties Names Brad Stillwagon As New General Manager of Pan-American Life Center in New Orleans
Stirling Properties announces Brad Stillwagon as the new General Manager of the Pan-American Life Center in New Orleans, Louisiana. He will be stepping into the role upon the retirement of the building’s long-term General Manager, Nancy Rome.
Stillwagon has been with Stirling Properties since early 2019, serving as both an Asset and Property Manager of more than 2,000,000 square feet of retail, medical and office properties across the Gulf South. He received his Bachelor of Science degree in Accounting and Business Administration from Washington and Lee University and is actively involved in the W&L New Orleans Alumni Chapter. Stillwagon holds the designation of Certified Commercial Investment Member (CCIM) and is active in the Louisiana CCIM Chapter. He is a Young Leader with CoreNet Global, a network of corporate real estate executives focused on the strategic real estate needs of Fortune 500 Companies, and is pursuing a Master of Corporate Real Estate with a specialization in Workplace Strategy (MCR.w).
Prior to joining Stirling Properties, Stillwagon served as Vice President – Real Estate Team Lead with Hancock Whitney Bank, where he worked in Asset and Transaction Management. He currently resides Uptown with his wife and three sons.
In addition to his General Manager duties, Stillwagon will continue to serve as the Asset Manager for many of Stirling Properties’ Southshore properties, including Mid-City Market, Offices at Mid-City Market, Magnolia Marketplace, Old Metairie Village and Oakridge Place.
“Stirling Properties is pleased to announce Brad Stillwagon as the new General Manager of the Pan-American Life Center. We have a great group of talented professionals and building engineers working closely with Brad to ensure a smooth transition. We are confident our team will continue to provide first-class service and support for the office tower and building tenants,” said Grady Brame, Executive Vice President with Stirling Properties. “We’re also excited about the remarkable renovations to the Pan-American Life Center that we believe uniquely positions it as one of a kind in the New Orleans CBD and enhances its long-term success.”
The Pan-American Life Center is recognized as one of New Orleans’ most prestigious office towers, boasting high-quality tenants in addition to housing the national and regional headquarters of many premier corporations. Built in 1980, the granite-clad, Class A trophy tower encompasses roughly 673,000 square feet of office and retail space, as well as an eight-story parking structure. Office tenants include Pan American Life Insurance Group, IBERIABANK, Morris Bart Law Offices, McGlinchey Stafford, Merrill Lynch and Stirling Properties. First-floor retail tenants include Smoothie King, Starbucks, Tsunami and IBERIABANK. Stirling Properties’ affiliates own the property and are the exclusive management and leasing agents for the Pan American Life Center.
Stirling Properties recently completed a $7 million redevelopment of the property, including a renovated café, state-of-the-art conference center and upgraded ground floor lobby to better position the building in the evolving office landscape.
Stirling Properties Announces Grand Opening of Chipotle at Hammond Square in Hammond, Louisiana
Shopping center nearing completion of multi-tenant retail redevelopment project.
Stirling Properties announces Chipotle Mexican Grill will celebrate its grand opening at Hammond Square shopping center on Thursday, August 27th. An official (socially distanced) grand opening and ribbon-cutting ceremony will be held in partnership with the Greater Hammond Chamber of Commerce.
The new fast-casual restaurant specializes in build-your-own tacos, burritos, salads and bowls, and will feature a Chipotlane, the brand’s drive-thru mobile/digital order pick-up lane, where customers can retrieve pre-placed orders without leaving their car. Chipotle will be located on Hammond Square Drive near the entrance to the shopping center.
Five Guys restaurant will also occupy 2,450 square feet of space right next door to Chipotle and is expected to open in early October of this year.
Stirling Properties commercial real estate company is nearing completion on the $15 million multi-tenant redevelopment project at Hammond Square. Demolition of the former Sears and Rite Aid buildings was completed last year to make way for the new retailers.
Five Below and PetSmart opened in the shopping center earlier this year. Michaels, HomeGoods and Walk-On’s Sports Bistreaux are also expected to join the tenant lineup with projected opening dates to be announced.
Rhonda Sharkawy, Senior Retail Leasing & Development Advisor with Stirling Properties, handled the lease transactions on behalf of the landlord.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana encompassing over 852,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors, Best Buy, T.J.Maxx, ULTA Beauty, Books-A-Million and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
New Tom Thumb Development Planned for The Wharf in Orange Beach, Alabama
Rendering courtesy of Stirling Properties/LK Architecture
Stirling Properties announces a new Tom Thumb development planned for The Wharf mixed-use property in Orange Beach, Alabama.
Tom Thumb recently purchased 3.94 acres of land located at the intersection of Canal Road and Wharf Parkway East in Orange Beach for the development of a Tom Thumb convenience store, gas pumps and car wash. Other planned improvements for the property will also incorporate a Burger King and Cinnabon. Construction is expected to commence soon.
Jeff Barnes, CCIM, Senior Advisor with Stirling Properties, represented the seller in the transaction. Lydia Franz, with Re/Max of Orange Beach, represented Tom Thumb.
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 380,000 square feet of commercial lease space, the current mix of tenants includes retail shopping, entertainment, bar and restaurant options, office and professional services, a 15-screen movie theater, a 10,000-seat amphitheater, a 112′ Ferris wheel, residential condominiums, convention space, meeting facilities, a 170-slip marina, and a 132-room SpringHill Suites by Marriott. Sites and land for additional development and build-to-suit also exist.
For information about available real estate at The Wharf, contact Jeff Barnes, CCIM at (251) 375-2496 or jbarnes@stirlingprop.com.
Real estate scholarship fund established for Tulane University graduate students in New Orleans, Louisiana
Stirling Properties announces the Maurin Ogden Tulane Real Estate Fund, a new academic scholarship opportunity for Tulane University graduate students pursuing a real estate or related degree.
In partnership with Tulane University and ICSC (International Council of Shopping Centers) Foundation, the Maurin Ogden Tulane Real Estate Fund focuses on academic and professional development for graduate students enrolled in the A.B. Freeman School of Business and School of Architecture. Underwritten by Jimmy Maurin and Roger Ogden, founders of Stirling Properties, the new fund will distribute $10,000 a year for academic awards over the next ten years.
As part of the fund, one (1) $5,000 scholarship will be awarded each year for qualified tuition and related expenses. The scholarship recipient will also receive ICSC Student Membership and participation in the ICSC Mentorship Program specifically designed for emerging real estate professionals who are seeking to develop their careers and build relationships in the commercial real estate industry.
In addition, five (5) Conference Awards will be given annually for students, providing all-expense-paid attendance to ICSC RECon in Las Vegas, the world’s largest retail real estate convention, offering the students valuable exposure to industry leaders and potential employers.
Working with the ICSC Foundation, Stirling Properties has been actively involved in leading efforts to help create and maintain a pipeline of diverse and robust talent for the future of the commercial real estate industry. The company established a similar scholarship program at LSU in Baton Rouge, Louisiana, where it has been instrumental in introducing students to academic and career placement opportunities over the past several years.
“This is an extraordinary opportunity for us to invest in the future of our industry, while also supporting our local communities,” said Maurin. “We are thankful for ICSC’s partnership in helping us to expand this program to Tulane University students and build awareness for real estate among young people entering the job market. Our goal is to attract and develop the best and brightest talent pool for the commercial real estate industry—the next generation of leaders in our businesses.”
“Thank you to Stirling Properties’ founders, Jimmy Maurin and Roger Ogden, for their generosity and continued commitment to educational and professional development. The Maurin Ogden Tulane Real Estate Fund will create meaningful opportunities for students to connect with industry professionals, access valuable educational resources, and participate in experiential learning. As a recent graduate of the Tulane MBA program, I know how impactful this scholarship and partnership will be, and I am proud to now help with these efforts,” said John Woodard, Development Manager with Stirling Properties.
The Maurin Ogden Tulane Real Estate Fund is expected to be awarded this fall and will be established and administered by Tulane University according to its policies and procedures for non-endowed funds.
