Stirling Properties Expands Asset Management Team
Stirling Properties is excited to announce two additions to its growing Asset Management Division. Charles Barclay joins Stirling Properties as Assistant Asset Manager on a variety of retail and office properties in the Greater New Orleans area. Mr. Barclay’s office is in the company’s Corporate Headquarters at 109 Northpark Boulevard, Suite 300 in Covington, Louisiana. Before moving to New Orleans, Mr. Barclay worked for CW Capital Asset Management in Bethesda, Maryland where he was involved in the management of over $500 million of REO multifamily assets across the United States. He is a 2009 graduate of the University of Maryland. Ryan Juneau, Project Manager with Stirling Properties since 2013, will transfer from the Development team to Asset Management. His transition to Assistant Asset Manager will occur over the next several months as he completes several of his development assignments. Mr. Juneau has worked as project manager on MacArthur Village, Perkins Row, Ambassador Town Center, River Chase and the Hornbeck Offshore office renovation at Northpark Corporate Center II, amongst others. These projects cover retail, office, multi-family, and infrastructure development. Mr. Juneau earned a Masters of Business Administration from Louisiana State University and currently resides in Baton Rouge.
Stirling Properties Celebrates Team Members at Annual Stirling Honors Event
Stirling Honors – 40 Year Toast
Stirling Properties officially celebrated the company’s 40th anniversary during Stirling Honors, an annual event to celebrate the Stirling Team. On Thursday, March 19th, the company hosted a Commercial Celebration Dinner to honor Commercial Agents and to award Commercial Production Awards. On Friday, March 20th, Stirling Properties hosted the Stirling Honors meeting and recognition luncheon, a day to honor the hard work and dedication of the entire Stirling Team and to award Service Awards. Both events were held at Harrah’s Hotel in New Orleans. Commercial Award recipients received recognition for Bronze, Silver, Platinum, Diamond and Ruby production levels based on individual Adjusted Gross Commission figures for 2014. This was the first time in Stirling Properties’ history that four agents reached Ruby Level status in the same year. Special recognition was given to Ryan Pecot, Senior Leasing Executive in the Lafayette office, for being the Top Agent in 2014.
Ruby Award 2014:
Diamond Award 2014:
Platinum Award 2014:
Silver Award 2014:
Bronze Award 2014:
Also recognized were employees and agents who achieved special anniversaries with the company. Service Awards were given to 5, 10, 15, 25 and 30 year milestones. 30 Years: Sharon Amacker – Covington, LA Office Donna Taylor – Covington, LA Office 25 Years: Jeff Marshall – Covington, LA Office Rick Skelding – New Orleans, LA Office Monica Milazzo – Covington, LA Office Dottie Tarleton – Baton Rouge, LA Office 15 Years: James Hutchinson – Baton Rouge, LA Office James Bennett – Covington, LA Office Joe Kramer – Covington, LA Office 10 Years: Roslyn Pellegrin – Covington, LA Office Mark Salvetti – Covington, LA Office Tracy Gandy – Covington, LA Office 5 Years: Jessica Zeringue – Covington, LA Office Rick Pomerenke – Lafayette, LA Office Phillip Perkins – Baton Rouge, LA Office Jim Short – Baton Rouge, LA Office Kathy McGoey – Covington, LA Office
Stirling Properties Awarded Contract for Leasing and Property Management of Santa Rosa Mall in Mary Esther, Florida
Stirling Properties has been awarded a contract to provide comprehensive leasing and property management services for Santa Rosa Mall in Mary Esther, Florida. Santa Rosa Mall continues to be the retail destination for Mary Esther/Ft. Walton Beach since its inception in 1976.
Anchored by Dillards, JC Penney, Sears, Planet Fitness and Regal Theater, this 734,000 square foot enclosed mall sits on approximately 75 acres on Mary Esther Boulevard. Additional tenants also include Old Navy, PacSun, Panera Bread, Shoe Dept./Encore, Starbucks, Rue21 and Victoria’s Secret.
“We are excited to welcome the entire Santa Rosa team, led by David Macdonald, to the Stirling Family,” stated Will Barrois, Vice President/Regional Manager of Stirling Properties. “In addition to the local group, we have assembled a great leasing and development team and will work to make the property vibrant again in the local community.”
“Stirling Properties brings forty years of experience in the Gulf South with them and we look forward to being a part of the exciting changes in store for Santa Rosa Mall,” says David Macdonald, General Manager.
Stay tuned for exciting news on Santa Rosa Mall! For national leasing prospects, contact Rhonda Sharkawy at 800-330-4481 or rsharkawy@stirlingprop.com and for local/regional prospects please contact Jason Scott at 850-418-6783 or jscott@stirlingprop.com.
Stirling Properties’ Joe Gardner Awarded CCIM Designation
Stirling Properties’ Joe Gardner, Sales and Leasing Executive based in the New Orleans office and member of the Louisiana CCIM chapter, was awarded the Certified Commercial Investment Member (CCIM) designation from the CCIM Institute, one of the leading commercial real estate associations in the world.
Receiving the designation means, that Mr. Gardner successfully completed graduate-level education curriculum and presented a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis, and investment analysis, the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.
Currently there are more than 13,000 CCIMs based in over 1,000 markets throughout 30 countries around the world. An affiliate of the National Association of Realtors®, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the commercial real estate industry.
Stirling Properties Welcomes Andrew Dickman to its Mobile, AL Team
Stirling Properties is pleased to announce the addition of Andrew Dickman to the Commercial Brokerage Division as Sales and Leasing Executive. Andrew will work from the company’s Mobile, Alabama office located at 1 St. Louis Street, Suite 4100.
Andrew’s expertise and experience include development and brokerage of raw land, site selection and site analysis for national retailers and restaurant chains, marketing and disposition of existing or dark national retail and restaurant sites, Landlord and Tenant representation for big box retailers and small shop tenants and commercial real estate portfolio sales.
Andrew is a CCIM candidate and a graduate of Indiana State University. He can be reached at 251-375-2483 or andrewdickman@stirlingprop.com.
JCH Development and Stirling Properties Celebrate Grand Opening of Magnolia Marketplace
Today, Mayor Mitch Landrieu joined representatives from JCH Development and Stirling Properties to celebrate the Grand Opening of Magnolia Marketplace, a 106,000-square-foot shopping center located at the intersection of South Claiborne Avenue and Toledano Street in New Orleans’ Central City neighborhood. Councilwoman-At-Large Stacy Head, a representative from Councilwoman LaToya Cantrell’s office and other local officials were also in attendance.
“Magnolia Marketplace is further proof that New Orleans is building back better than before. This redevelopment is creating more jobs, strengthening our local economy and giving residents more retail options right here in the heart of New Orleans,” said Mayor Landrieu. “Magnolia Marketplace is also another example of a strong public-private partnership— celebrating the new way of doing business in New Orleans. The project will nicely complement the nearby Claiborne corridor and help spur activity and redevelopment across the city.”
The project was 100% pre-leased prior to the January 2014 groundbreaking. Open tenants at Magnolia Marketplace include: T.J.Maxx, Ross Dress For Less, PetSmart, Shoe Carnival, ULTA Beauty and Raising Cane’s. Michaels will open on March 20, 2015. The initial phase of Magnolia Marketplace included a 6,000-square-foot development located at the intersection of South Claiborne Avenue and Fourth Street that opened in 2014 and now houses Capital One Bank, Subway and T-Mobile.
“This grand opening is about creating jobs, attracting national retailers, improving quality of life, building economic momentum, and turning Claiborne into a regional commercial corridor,” said Councilmember LaToya Cantrell of District B. “I am excited to celebrate the grand opening of this venture and I believe that it is a sign of future development in this city.”
“This project is evidence of the resurgence of Central City and represents yet another important step in bringing additional retail to the city,” said Townsend Underhill, senior vice president of development for Stirling Properties. “We would like to thank the City of New Orleans and Mayor Landrieu’s Administration as well as the City Council, particularly councilmembers Latoya Cantrell and Stacy Head for being supportive in yet another project that signifies Stirling’s commitment to the City of New Orleans.”
During the ceremony, Tara Hernandez, president of JCH Development, unveiled the Toledano Art Wall, a mural painted by local artists Rontherin Ratliff and his team at YAYA Inc.; Brandan “Bmike” Odums; and, Ellen Macomber. It conveys a story of many historical elements and events from the Central City neighborhood to share some of the area’s proudest moments and accomplishments.
“We are proud to bring a dynamic new retail development to an underserved portion of the city,” said Hernandez.
Magnolia Marketplace is directly south of Harmony Oaks, a 460-unit, mixed-income residential development. The Marketplace will serve one of the city’s busiest corridors, with traffic counts exceeding 70,000 cars a day. Claiborne Avenue also provides a vital connection between Uptown New Orleans and the Central Business District.
These recent commercial projects are significant in light of a 2012 report by the New Orleans Business Alliance (NOLABA) that analyzed the retail spending of Orleans Parish residents. The report estimates that Orleans Parish loses $1.9 billion in retail sales to neighboring parishes and other U.S. cities each year. Since being founded in 2011, NOLABA has focused on attracting retail and development throughout New Orleans. In addition to facilitating smooth progression of the project, NOLABA performed an independent economic analysis on the development before it began.
“Our evaluation revealed that the Magnolia Marketplace development would benefit area residents, people who travel Claiborne Avenue and the City’s general fund through increased sales taxes, particularly because it attracted new national retailers to Orleans Parish,” said Melissa Ehlinger, interim president and CEO of NOLABA. “We always look for better than average returns on public investment, for impact that reaches New Orleanians at a variety of economic levels, and for projects that enhance the city’s attractiveness to future investment. Magnolia Marketplace serves up all of these.”
For more information about Magnolia Marketplace, contact Townsend Underhill at tunderhill@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
