New Tenant Announced for Shoppes at University Town Plaza in Pensacola, Florida

Bubba’s 33 to join line-up in new BJ’s Wholesale Club-anchored retail redevelopment. Stirling Properties and Seritage Growth Properties are pleased to announce that Bubba’s 33, a new-to-market restaurant concept, is coming to the Shoppes at University Town Plaza in Pensacola, Florida. It will join the tenant line-up in the new BJ’s Wholesale Club-anchored retail redevelopment …

Stirling Properties Relocates Baton Rouge Office in United Plaza Office Park

New, expanded office footprint will combine two existing Baton Rouge locations. Stirling Properties is pleased to announce the merger and relocation of its Baton Rouge offices to United Plaza II located in United Plaza Office Park at 8550 United Plaza Boulevard, Suite 101, in Baton Rouge, Louisiana. The new, expanded office footprint will combine the …

Stirling Properties Adds Two Advisors to Commercial Real Estate Team

Rankin Bihm recently joined the Stirling Properties team as an Advisor, working dually from the company’s Lafayette and Lake Charles offices. He is primarily focused on the sales and leasing of retail properties, with representation of both tenants and landlords. His specific geographical expertise is on the Southwest Louisiana market area. Prior to joining Stirling …

Torchy’s Tacos and AT&T Store Headed to LSU’s Nicholson Gateway in Baton Rouge, Louisiana

LSU and Stirling Properties announced today that Torchy’s Tacos and AT&T will fill two more retail spaces in the university’s Nicholson Gateway Development, a mixed-use project located on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive. The two new tenants join anchor retailer Matherne’s Market, Wendy’s, Starbucks, …

What Does Triple Net (NNN) Mean?

The Popularity of NNN Deals Single-tenant, triple net (NNN) deals have become one of the most prevalent and often traded types in commercial real estate. However, despite the popularity, triple net deal structures are still commonly misunderstood by many commercial real estate practitioners. Triple net deals usually offer new, or nearly new real estate and …

Part #3 – Retail Site Selection for Drug Stores

Drug Stores Have Unique, Evolving Characteristics Around the turn of the century, the Drug Store War for “Class-A” corners erupted across the Gulf South.  Between the Rite Aid and K&B merger, as well as CVS and Walgreens aggressively competing for market share, the race was fast and furious. I distinctly remember sale prices exceeding $20/foot …

Stirling Properties Celebrates the Grand Re-Opening of Cornerview Plaza in Gonzales, Louisiana

Redevelopment of former Kmart into multi-tenant retail center. Stirling Properties and Gonzales-area community leaders celebrate the grand re-opening of the newly renovated Cornerview Plaza located at Airline Highway and Cornerview Street in Gonzales, Louisiana. A formal ribbon-cutting ceremony was held with Honorable Barney Arceneaux, Mayor of Gonzales; Councilman Kirk Boudreaux, City of Gonzales; Councilman Neal …

Walk-On’s Bistreaux & Bar Coming to Hammond Square

Stirling Properties announces that Walk-On’s Bistreaux & Bar is coming to Hammond Square shopping center in Hammond, Louisiana. This marks the 3rd Northshore location for the award-winning, family-friendly restaurant and bar. Walk-On’s Bistreaux & Bar local franchisee DBMC Restaurants will close on the purchase of 1.35 acres of property located at C.M. Fagan and Hammond …

Stirling Properties Hires Steadman Bethea as Advisor

Stirling Properties is pleased to announce that Steadman Bethea has joined its commercial real estate team as an Advisor. He will work from the company’s Mobile, Alabama, office located at 1 St. Louis Street, Suite 4100. Before joining Stirling Properties, Steadman worked as a Real Estate Advisor with 30A Realty located on the Gulf Coast …