Stirling Properties Expands Presence in Mobile, Alabama by Acquiring John Toomey & Company, Inc.
COVINGTON, LOUISIANA (MAY 13, 2014) – Stirling Properties announces the acquisition of John Toomey & Company, Inc., a commercial real estate company based in Mobile, Alabama. The acquisition of John Toomey & Company, Inc. further strengthens Stirling Properties’ presence in the Gulf South and is a critical step in Stirling’s long-term strategic growth plans.
Toomey’s current portfolio of 1.8 million square feet will be integrated into Stirling Properties’ portfolio bringing the total to 15.5 million square feet. John Toomey and his team will join Stirling Properties, with Mr. Toomey to serve as Broker/New Business Development Coordinator for the Mobile Area.
Marty Mayer, President and CEO of Stirling Properties, said, “The incredible resurgence of the Gulf Coast as the country’s Third Coast has provided growth and opportunities all along the Gulf South. We feel as though Mobile is a key component in this resurgence. To increase our regional presence, we are excited to collaborate with a company that has over 20 years’ experience and deep roots in Mobile.”
The founder of John Toomey & Company, Inc., John Toomey, believes that aligning with Stirling Properties will provide a higher caliber of service to existing and future clients. “Stirling Properties is a very strategic and forward-thinking company. The resources they offer our brokers and property owners will enable us to take our client services to a new level. I am so proud of my team and find it very gratifying that our work was noticed and appreciated by Stirling Properties.”
“This alignment reinforces Stirling Properties’ commitment to personally invest in the markets we serve and provides a strong foundation for continued growth in all facets of our company that include the development, management, brokerage and acquisition of commercial properties throughout Alabama and the Gulf South”,” stated Will Barrois, Stirling Properties Vice President/Regional Manager of Alabama and Florida.
For commercial real estate needs in Alabama, contact Stirling Properties at their Mobile office located at 182 St. Francis Street, Suite 101, or call (251) 706-6457.
Stirling Stewardship Supports Crawfishman Triathlon
Last Sunday, May 4th, was the 31st edition of the Crawfishman Triathlon produced and directed by Mark Salvetti, our Director of Project Management. We are proud of Mark for his efforts in organizing such a great event and are so happy to support such a good cause!
The Crawfishman Triathlon consists of a 1,000-yard swim, an 18-mile bike ride and a 4-mile run, with nearly 360 athletes competing in this year’s event. The event takes place in the Grande Hills Estates subdivision north of Covington in Bush, Louisiana. Many people volunteer their time to make the event possible, and several volunteers from Stirling Properties joined the effort this year.
Every year the race proceeds are donated to two main organizations, Have a Heart Thru Art and the Mary Bird Perkins Cancer Research Center. Donations this year are expected to be similar to past years when $10,000 or more was raised. Since the inception of the race, over $100,000 in donations have been made to individuals in need as well as many local organizations.
Mark your calendars – next year’s date is Sunday May 3, 2015….the Second Sunday of Jazz Fest.
Stirling Properties’ Donna Taylor Earns ICSC Designation
Stirling Properties is pleased to announce that Donna Taylor, Senior Vice President of Asset Management & New Business, has earned the International Council of Shopping Centers (ICSC) Certified Retail Property Executive (CRX) designation.
ICSC estimates that less than 10% of industry professionals have achieved this important status, setting Ms. Taylor, as well as Stirling Properties, apart from the rest. Donna joins other members of Stirling’s leadership team, Lewis Stirling, Townsend Underhill and Chris Abadie, who have obtained the CRX designation.
With over 6,000 designees in 55 countries, 800 of whom hold CRX designations, ICSC certification programs are a mark of excellence. Certifications focus on raising industry professional standards worldwide and give special recognition to shopping center professionals who demonstrate the highest levels of competency in their industry through professional education, experience, ethics, and by passing a rigorous examination.
VIDEO: 2013 Stirling Highlights
2013 was a great year for Stirling Properties…and for the Gulf South! Check out the accomplishments of the Gulf South region and our favorite company highlights of the year. The 1st Quarter 2014 has already been busy…we’re looking forward to what the rest of 2014 will bring.
President’s Message: A Wild Ride
In my last President’s Message, I talked about how much had been accomplished in 2013 and how the year ended with a flurry of activity. Well, the first quarter of 2014 has been wild in many ways also (including the weather)!
This year began with the groundbreaking of Magnolia Marketplace in New Orleans, a 100,000+ square-foot shopping center we are developing with JCH Development that will bring new retailers to an underserved portion of Central City. And just days later, we announced the contract for Perkins Rowe, a high-profile, mixed-use property with 364,648 square feet of retail and 126,000 square feet of Class A office space, plus upscale apartments and condominiums. The contract to provide leasing, sales and property and construction management services represents the single largest such contract in Stirling’s history.
Additionally, we celebrated 2 Grand Openings during the 1st Quarter. The first was for Phase I of Fremaux Town Center in Slidell, a regional shopping center anchored by Kohl’s, Dick’s Sporting Goods, Best Buy & T.J.Maxx that we are developing in partnership with CBL & Associates Properties, Inc. A new, full-service Walgreens also grand opened in Terrytown on the Westbank of New Orleans, which was followed a few weeks later by our announcement that we will be developing a full-service Walgreens in Metairie at the intersection of Veterans & Power Boulevards.
As our business continues to boom, so too does the Gulf South Region. I have had the opportunity to share the positive news about our markets numerous times during the last quarter. It is something I truly get very passionate about doing.
In February, I was invited to give the ACREcon Keynote Presentation at the annual conference hosted by the Alabama Center for Real Estate (ACREcon) in Birmingham with over 500 in attendance. In early March, Jimmy Maurin, Townsend Underhill and I were asked to give a presentation on the New Orleans market and economy at the Annual Spring meeting of the Urban Land Institute (ULI) Foundation Governor’s Board in New Orleans. One of the reasons I love giving these presentations is because the reaction by the audience afterward is always amazement at what is happening down here in the Gulf Coast – The Third Coast.
And despite the fact that spring is here, there is no time for rest. We are currently preparing for ICSC ReCon in Las Vegas. And stay tuned for some new announcements in the near future – it’s going to be a wild ride.
Stirling Properties’ Commercial Agents among Top Producers at Annual CID Awards Ceremony
Stirling Properties’ commercial agents were honored during the New Orleans Metropolitan Association of Realtors Commercial Investment Division’s 21st annual awards banquet held Friday, April 4, 2014 at the Southern Yacht Club.
Leading the way was Rhonda Sharkawy, who received the F. Poche Waguespack Award for having the highest volume of sales and leases in the marketplace for the year. This is her fourth consecutive year to receive this honor and one of only a handful of women to achieve it since it was created back in 1964. Rhonda’s volume totaled more than $45 million as well as winning the award for most commercial transactions, with 83 in total for 2013.
In addition to celebrating the top producers and transactions of 2013, the awards ceremony also recognized commercial agents who passed the $2 million mark in sales. Also recognized was Gaines Seaman who received the Overall Top Office Producer Award with more than $14 million in volume and Joe Gardner who had the Top Dollar Retail Lease with a volume of over $5 million.
We’re thrilled to announce the launch of the NAIOP Gulf […]
