Stirling Properties Announces The Fresh Market is Coming to New Orleans
The specialty grocery retailer to occupy Borders old location on St. Charles Avenue
NEW ORLEANS, Louisiana —- (SEPTEMBER 21, 2011) Stirling Properties is pleased to announce that The Fresh Market is coming to New Orleans. The retailer will lease the 24,000 square foot, 2-story, building on 3338 St. Charles Avenue which was previously occupied by Borders. This location will be The Fresh Market’s fourth in Louisiana with stores already in Baton Rouge, Lafayette and Mandeville. (more…)
Stirling Properties Adds Property Controller to Accounting Team
COVINGTON, Louisiana —- (SEPTEMBER 7, 2011) Stirling Properties, a regional real estate firm, welcomes Colleen Angerdina, CPA to its team of professionals as the Controller of Property Accounting. This move provides Stirling Properties with the added expertise needed to handle the growing number of managed properties within the company’s portfolio, which currently includes over 12 Million square feet.
“Colleen’s extensive experience in tax consulting services, specifically in real estate, construction and multi-state taxation strengthens the core of our accounting team,” said Paul Mastio, Chief Financial Officer of Stirling Properties. “Her expertise enables Stirling Properties to continue to deliver unparalleled service to our clients.” (more…)
Stirling Properties Completes First Multi-Family Acquisitions
COVINGTON, Louisiana —- (AUGUST 22, 2011) Stirling Communities I, LLC, an entity of investors led by Stirling Properties, successfully completed their first acquisition which includes three Louisiana apartment communities in Lafayette and one in Baton Rouge, for a total of 370 units. The back-to-back deals closed on August 2 and August 17, 2011, with loan origination through Walker & Dunlop’s multi-family finance group and financing through Freddie Mac. (more…)
Stirling Properties Officially Announces Sam’s Club is Coming to River Chase
COVINGTON, Louisiana —- (AUGUST 16, 2011) Stirling Properties, the developer of River Chase, officially announces that Sam’s Club is coming to River Chase Shopping Center, the largest open-air retail center in St. Tammany Parish. Sam’s Club closed today on the purchase of a 16.58 acre site for the development of a new, 136,000 square foot store at River Chase. Wal-Mart Stores, Inc., the parent company for Sam’s Club, has committed to build their top of the line prototype building at the River Chase site, which will not resemble any other Sam’s Club in Louisiana.
This new Sam’s Club will be the only one in western St. Tammany and construction on the predominantly stone and brick facade will begin soon as Sam’s has already obtained all the necessary permits to begin. The anticipated opening is scheduled for fall 2012 and is expected to provide 100+ jobs for the area.
For more information about the Sam’s Club deal or River Chase development contact Townsend Underhill, Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at (985)-246-3785.
Stirling Properties Welcomes Scott Macdonald to Its Team
BATON ROUGE, Louisiana —- (JULY 13, 2011) Stirling Properties welcomes Scott Macdonald to its Commercial Brokerage Team as a specialist in office and industrial leasing. He will work out of the company’s Baton Rouge office located at 8550 United Plaza Blvd., Suite 303 where he will spearhead all leasing and marketing efforts of all United Plaza offices.
“With more than 11 years of commercial real estate knowledge and a background that includes the negotiation and successful closing of over $450 million in sales, Scott knows what it takes to drive new business in highly competitive markets,” said Grady Brame, Executive Vice President and Partner of Stirling Properties. “His caliber of expertise adds depth to our roster and strengthens the breadth of services we provide our clients.”
Prior to joining Stirling Properties, Mr. Macdonald was Vice President of Cassidy Turley/CPS, a full-service commercial real estate brokerage company located in Santa Clara, California. His primary focus while with CPS was office, R&D and manufacturing leasing and sales. Some of Mr. Macdonald’s major clients include AkzoNobel, Barry Swenson Builder, Integrated Device Technology, iStar Financial, Nearon Enterprises, PS Business Parks and Xangati, Inc.
Mr. Macdonald is a Louisiana native and earned a Bachelor of Science degree from Louisiana Tech University in Ruston, Louisiana.
Stirling Properties Appoints Paul Mastio as Chief Financial Officer
COVINGTON, Louisiana —- (JUNE 23, 2011) Stirling Properties appoints Paul Mastio as the company’s new Chief Financial Officer (CFO) from his previous position as Senior Vice President of Operations and Accounting. This appointment was effective Monday, June 20, 2011,
“As Stirling enters into its next phase of the company’s evolution and growth, it is essential that we have someone like Paul overseeing all of the financial operations of our company and helping to guide us to greater efficiencies and profitability,” said Marty Mayer, President and CEO of Stirling Properties. “Paul’s contributions to Stirling over the years have been invaluable to our success.”
As CFO, Mr. Mastio is responsible for the oversight of the company’s Accounting and Information Technology departments. He will report to the President and CEO while directly working with the Management Team to identify needs, manage processes for financial forecasting and budgets, as well as give advice on the impact of long range planning, strategies and regulatory actions.
“Since joining Stirling Properties, I’ve watched the company grow and evolve” said Mastio. “I am honored to be part of this next phase of business and look forward to seeking a full range of industry solutions that will lead Stirling into future successes.”
Mr. Mastio has been with Stirling Properties for 18 years. He currently is a member of both the Management Advisory Committee and Company Forum, which meet regularly to discuss all aspects of company strategy, planning and operations.
Mr. Mastio obtained his Bachelor of Science degree from Southeastern Louisiana University. Shortly after graduation, he earned his Certified Public Accountant (CPA) designation. Mr. Mastio is a member of the Society of Louisiana Certified Public Accountants (LCPA), American Institute of CPAs (AICPA), and the National Association of Real Estate Consultants (NAREC).
