Canal Place Welcomes PJ’s Coffee
O’Connor Capital Partners Signs Deal with PJ’s Coffee for 2021 Opening.
O’Connor Capital Partners today announced that PJ’s Coffee would open a new location this year at Canal Place, New Orleans’ premier luxury retail destination.
PJ’s Coffee will open their Canal Place location this Summer in a 527-square-foot space on the first level of the center fronting Iberville Street.
“We are very excited to welcome local favorite, PJ’s Coffee, to Canal Place,” said Winter Warren, Marketing Director of Canal Place. “Both institutions have a long-standing heritage of serving New Orleans residents and visitors, and we are thrilled to now have PJ’s Coffee as part of the Canal Place family.”
Stirling Properties’ commercial advisors Carly Plotkin and Lauren Ryan serve as the leasing agents for the property and worked with the team at O’Connor Capital Partners to secure the location for PJ’s Coffee at Canal Place.
“Our goal is to target best-in-class local and regional tenants to complement the strong national tenancy already present at Canal Place—and there is no better brand to represent the local culture than PJ’s Coffee, a New Orleans original,” said Plotkin. “Stirling Properties is proud to continue our partnership with O’Connor Capital Partners, and we look forward to welcoming even more great retailers to the tenant mix at Canal Place soon.”
PJ’s Coffee delivers a unique coffee experience by sourcing the top 1% of Arabica beans from over 14 origins around the world. Their Southern hospitality, superior roasting techniques, and passion for making coffee are what make PJ’s Coffee so special. PJ’s Coffee at Canal Place will serve a wide variety of hot, iced and frozen coffee beverages, as well as organic tea and fresh breakfast pastries, including its new beignet program.
“PJ’s Coffee of New Orleans is excited to open at Canal Place as we extend our reach within our community. Providing New Orleans food, beverage and hospitality at the most preeminent shopping venue in the city is something we are absolutely looking forward to,” said David Mesa, Chief Development Officer.
Canal Place is Downtown New Orleans’ premier destination for luxury fashion and beauty brands, boutique clothing stores, home goods and much more. Canal Place is home to the notable WITH LOVE FROM nola moss wall, one of New Orleans’ most Instagrammable spots. Additionally, the lush landscaping and modern renovations have begun to evolve the experience that distinguishes shopping at Canal Place from the rest of the city.
About Canal Place
Situated on the edge of the historic French Quarter, Canal Place is home to many notable, exclusive designer boutiques. An on-site, four-star hotel, The Westin New Orleans, and a convenient covered parking facility add to Canal Place’s unique offerings. Anchored by Saks Fifth Avenue, this world-class shopping center boasts a superb mix of stores including Louis Vuitton, Tory Burch, MCM, Anne Fontaine, Brooks Brothers, Tiffany & Co., lululemon, and vineyard vines, to name a few. For more information, visit www.canalplacestyle.com. Connect with Canal Place on Facebook, Twitter and Instagram (@canalplacestyle).
About O’Connor Capital Partners
Founded in 1983, O’Connor Capital Partners www.oconnorcp.com is an institutional real estate investment, management, and development firm based in New York City and run by CEO Bill O’Connor. The firm pursues acquisitions, developments and residential conversions on behalf of its institutional funds, separate accounts, and own account. O’Connor primarily targets retail and residential opportunities throughout the United States and Mexico. Since inception, O’Connor has acquired or developed over $30 billion of property, including over 55 million square feet of retail space and over 30,000 residential units globally.
About Stirling Properties
Stirling Properties is one of the most diversified full-service commercial real estate companies in the country. Regionally focused and nationally acclaimed, we specialize in Advisory Services, Commercial Brokerage, Development & Redevelopment, Asset & Property Management and Investments over a wide array of property types across the Gulf South. Connect with Stirling Properties on the web at www.stirlingproperties.com, “like” us on facebook.com/stirlingproperties, follow us @StirlingProp on twitter.com/StirlingProp or subscribe to our Stirling Insights blog.
About PJ’s Coffee of New Orleans
PJ’s Coffee of New Orleans was founded in 1978 by Phyllis Jordan, a pioneer in the coffee industry that demonstrated that better beans, superior roasting techniques, and pure passion for the art of coffeemaking mattered. In 2008, the company was purchased by New Orleans natives and brothers, Paul, Steven, and Scott Ballard. PJ’s Coffee serves a wide variety of hot, iced and frozen coffee beverages using only the top 1% of Arabica beans, as well as organic tea and fresh breakfast pastries. PJ’s Original Cold Brew™ Ice Coffee is brewed daily using a special cold-drip process that protects the flavor and strength of the beans, while producing a coffee that is 2/3 less acidic – a process and technique pioneered by our founder and used for more than 30 years at all PJ’s locations. Bags of whole bean coffee, single serve cups of PJ’s Coffee and PJ’s Iced Coffee Concentrate are available for sale in-store and online. With over 126 operating stores, including four international locations, PJ’s Coffee continues to expand across the U.S. and abroad and is slated to open 45 more stores throughout 2021.
Stirling Properties Executives Awarded CCIM Designation
Stirling Properties announces three of the company’s executives have been awarded the Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement. The CCIM designation is conferred by the CCIM Institute, one of the largest commercial real estate networks in the world.
Congratulation to the following new CCIM designees:
Mac Bauer, Development Director
Bradley Cook, Advisor
Ryan Murphy, Senior Advisor
Brad Stillwagon, Asset Manager with Stirling Properties, was also acknowledged by the local Louisiana CCIM Chapter for his contributions and work on candidate guidance.
A CCIM is a recognized expert in the disciplines of commercial and investment real estate. Designations are awarded to commercial real estate leaders who have a proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis for commercial real estate. CCIM designees come from a variety of professional backgrounds including asset management, brokerage, banking, development, property management, law and accounting.
Earning a CCIM designation places the recipient among the most distinguished professionals in the industry. Today, fewer than 10 percent of commercial real estate professional currently hold the designation of CCIM, making them the go-to experts in their respective markets.
CCIM Institute is a global community of 13,000 members in 30 countries that educates and connects the world’s leading experts.
Pan-American Life Insurance Group Renews Long-Term Commitment to New Orleans Market
Extends 10-Year Lease Terms at Pan-American Life Center in New Orleans, Louisiana.
Stirling Properties announces that Pan-American Life Insurance Group has signed a long-term lease extension thru 2031 of its office space at Pan-American Life Center in New Orleans, Louisiana. The company will also retain naming rights of the newly renovated building.
Pan-American Life Insurance Group, one of New Orleans’ largest employers and a leading provider of life, accident and health insurance throughout the Americas, occupies a total of 84,014 square feet of office space on four floors of the Pan-American Life Center located at 601 Poydras Street in New Orleans’s CBD. This marks one of the largest lease renewals in the New Orleans office market since 2019.
Founded in New Orleans, Pan-American Life Insurance Group is currently celebrating its 110th Anniversary and a rich history of corporate philanthropy and community service in New Orleans, supporting dozens of organizations across the arts, education and public safety.
“Pan-American Life Insurance Group is pleased to extend our office lease in the Pan-American Life Center and continue our long-term commitment to the New Orleans community and surrounding South Louisiana region. We look forward to renewing our promise to serve as a lifeline to our customers, their families and their businesses,” said José S. Suquet, Chairman of the Board, President & CEO of Pan-American Life Insurance Group.
Gaines Seaman, Senior Advisor with Stirling Properties, serves as the exclusive leasing agent for the office tower and worked with Pan-American Life Insurance Group to secure the lease extension.
“Pan-American Life Insurance Group has been an integral part of the New Orleans office community for many years, and we are honored to help cement that relationship for many more years to come. Pan-American Life Insurance Group’s renewed commitment to and investment in our area further validates the resiliency of the New Orleans office market. The recent lobby renovations and added amenities to the Pan-American Life Center make it an attractive office location for corporations, large or small,” said Seaman.
The Conference Centre on 11
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. The class-A building encompasses roughly 673,000 square feet of office and retail space and an eight-story parking structure. The local ownership group of the Pan-American Life Center recently made a renewed investment of $7 million in renovations of the building as a sign of its deep commitment to ensure that it remains a premier office location in New Orleans. The renovations included a redeveloped café, state-of-the-art conference center and upgraded ground floor lobby to better position the building in the evolving office landscape.
The new Café on 11 is a restaurant-style, full-service cafeteria featuring a modernized dining area and exciting new menu. The Conference Center on 11 offers multi-purpose meeting space in various sizes and configurations, including a ballroom, tiered-seating amphitheater featuring high-tech audio/visual equipment, ample break-out areas and collaborative spaces, full-service catering and on-site event management and technology assistance. Other unique amenities in the building include a grab-and-go mini-mart, coffee bar, Royal Shoeshine & Repair Station and dry-cleaning pick-up lockers.
The Cafe on 11
Office tenants in the building include Pan-American Life Insurance Group, IBERIABANK, Morris Bart Law Offices, McGlinchey Stafford, Merrill Lynch, Lugenbuhl, Wheaton, Peck, Rankin & Hubbard 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.
For more information on the Pan-American Life Center, visit www.panam-neworleans.com. For leasing information, contact Gaines Seaman at gseaman@stirlingprop.com or (504) 523-4481.
Stirling Properties Breaks Ground on River Chase Self Storage in Covington, Louisiana
River Chase Self Storage Rendering
Stirling Properties commercial real estate company has broken ground on the development of River Chase Self Storage as part of the River Chase mixed-use development in Covington, Louisiana. This project marks the company’s latest ground-up self-storage facility development.
The 108,000-square-foot storage facility will be located on 2.7 acres off Brewster Road, next to Brewster Commons apartment community and just south of Sam’s Club. It will include a 3-story building with 594 climate-controlled units and three non-climate-controlled single-storage buildings with 44 drive-up units ideal for boat and RV storage. The facility will also feature 24-hour security and state-of-the-art amenities.
Construction has commenced on the project, with site work and foundation work already underway. The property is slated to be completed before the end of the year.
Stirling Properties is developing the facility and will handle Asset Management of it upon completion. The architect is locally owned Greenleaf Lawson and Kent Design Build is serving as the building general contractor for the project. The Civil Engineer is Duplantis Design Group and Richard Price Construction is handling the site work.
“We are excited to begin the development of River Chase Self Storage. This project marks Stirling Properties’ newest ground-up, climate-controlled storage facility development,” said Townsend Underhill, President of Development for Stirling Properties. “St. Tammany Parish is experiencing fantastic population growth, creating a high demand for this type of product and its strategic location along the I-12 corridor provides high visibility, easy access in a secure environment and convenience for customers.”
Stirling Properties has developed and operates approximately 1,750 self-storage units, including over 1,600 climate-controlled units throughout its portfolio.
Stirling Properties also developed, manages and leases the surrounding River Chase master-planned development located amidst 253 acres on the southeast corner of Interstate 12 and LA Highway 21 in Covington. Anchored by retailers Target, Sam’s Club, Belk and JCPenney, the mixed-use project includes approximately 945,000 square feet of retail and restaurant options, as well as a Holiday Inn Express hotel, Regal Cinema, over 600 luxury residential garden homes and apartment units, and a Class-A office building that serves as the headquarters of Beacon Offshore Energy. Additional residential and office developments are coming soon. River Chase is a Louisiana Economic Development (LED) Certified Site.
For more information, please visit www.stirlingprop.com. For retail leasing and sales, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com. For office leasing and sales, contact Ryan Murphy at (985) 246-3771 or rmurphy@stirlingprop.com.
