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.
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.
Stirling Properties Welcomes Amazon to Fremaux Park in Slidell, Louisiana
Continuation of industrial expansion efforts in Fremaux mixed-use development
Amazon Logistics announced Thursday that it would build a delivery station at Fremaux Park in Slidell, Louisiana. Fremaux Park is the mixed-use property that includes Fremaux Town Center retail center, multiple multifamily developments, two hotels and the Dana Corporation Service center that will complement this project in the industrial park area.
Stirling Properties recently closed on the sale of a 30-acre land parcel for the construction of the 141,000-square-foot Amazon facility located at 1914 Town Center Parkway near the intersection of Old Spanish Trail. Groundbreaking and construction timing will be announced soon. The facility is expected to be open in early 2022.
Ryan Pécot, Senior Retail Leasing and Development Advisor with Stirling Properties, represented the landlord in the transaction.
Packages are shipped to delivery stations from nearby fulfillment and sorting centers and loaded onto trucks for final delivery to customers. This marks the first Amazon delivery station in St. Tammany Parish and the third in Louisiana. It is expected to house roughly 950 Amazon Prime vans to serve St. Tammany Parish and surrounding communities. There are 150 similar Amazon delivery stations across the U.S. Amazon said the new station would create hundreds of full- and part-time jobs.
“Stirling Properties is excited to officially welcome Amazon to Fremaux Park and provide an ideal location here in Slidell to house this facility—the first of its kind in St. Tammany Parish. This new delivery station is a continuation of our industrial real estate expansion efforts. Logistics, fulfillment and last-mile distribution centers will only play a more critical role in the future of retail and commercial real estate. We hope to attract more industrial facilities to the area to further bolster and support the economic growth of Slidell and our surrounding region,” said Townsend Underhill, President of Development for Stirling Properties.
Fremaux Park is part of the roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. It includes Retreat at Fremaux Town Center luxury residential apartments, The Mason Fremaux Park apartment community (under construction), Springhill Suites by Marriott (under construction) and Dana Inc. Service & Assembly Center. The adjoining Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s and Best Buy, includes more than 660,000 square feet of retail and restaurant options. Additional phases are forthcoming with added residential, retail, industrial and office park. Fremaux Park is a Stirling Properties development.
For leasing or sales information, contact Ryan Pécot at 337.572.0246 / rpecot@stirlingprop.com or Bradley Cook at 985.246.3720 / bcook@stirlingprop.com.
Mandina’s Restaurant Coming to Spanish Fort Town Center
Stirling Properties, in partnership with Cypress Equities, announces New-Orleans-based Mandina’s Restaurant will be joining the tenant lineup at Spanish Fort Town Center mixed-use development in South Alabama.
Mandina’s Restaurant has been a New Orleans institution since 1932, serving Italian and Cajun-Creole seafood, steaks and pasta. This marks the third location for Mandina’s Restaurant and the first outside of Louisiana. The original restaurant is located on Canal Street in New Orleans. A local franchisee opened the second Mandina’s on the Northshore of Lake Pontchartrain in Mandeville, Louisiana, and is now venturing into Alabama. The newest Spanish Fort location will occupy 3,997 square feet of space located on Bass Pro Drive across from “The Fort” Container Park. Menu items and operation will closely resemble that of the Mandeville restaurant.
Angie McArthur, Broker Associate, and Jeff Barnes, Senior Investment Advisor/Broker Associate with Stirling Properties, serve as the leasing team for the property owners, Dallas-based Cypress Equities, and helped to secure the new restaurant for the center. The duo has worked with the overall Spanish Fort Town Center project since 2015.
“Stirling Properties is thrilled to welcome Mandina’s Restaurant to Spanish Fort Town Center and be a part of the evolution and growth of this dynamic community center. The addition of more great restaurants and retailers continues to attract patrons and diners to the development and benefits the surrounding retailers—this is a true destination location for everyone,” said McArthur. “We are proud of the great strides made to move this project forward—from Cypress Equities’ investment in the Pavilion and park to the revitalization of the small shops and the latest addition of The Fort. We look forward to welcoming more great tenants and amenities to Spanish Fort Town Center soon!”
Spanish Fort Town Center, anchored by Bass Pro Shops, Kohl’s, Cavender’s, La-Z-Boy, Urban Air Trampoline & Adventure Park and The Fort Container Park, is a 230-acre premier master-planned development located at the intersection of Interstate 10 and U.S. Highway 98 in Baldwin County. The center includes 450,000 square feet of retail and restaurant space, a residential apartment community, office space, hotels, banks and entertainment options.
Over the last two years, Stirling Properties has helped to successfully secure more than 44,000 square feet of new leases for the retail center, adding Urban Air Trampoline and Adventure Park, Direct Furniture, Oishi Japanese Bar & Grill, Dixie Dental, The Fort restaurants and Cavender’s to the diverse tenant lineup. McArthur and Barnes are also currently in negotiations with various businesses that will add another 140,000 square feet of hotel and other uses.
For Spanish Fort Town Center leasing & sales information, contact Angie McArthur at (251) 375-2481 / amcarthur@stirlingprop.com or Jeff Barnes, CCIM, at (251) 375-2496 / jbarnes@stirlingprop.com.
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.
