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 Square Drive, as part of the redevelopment currently underway on the northeast side of the shopping center. The restaurant will occupy approximately 8,025 square feet of space. Construction is expected to commence by the end of 2019, and the restaurant plans to open in the summer of 2020. DBMC Restaurants is a veteran restaurant group that currently operates three restaurant brands across six states and is one of the largest franchisees of Walk-On’s.
Rhonda Sharkawy, Stirling Properties’ Senior Retail Leasing & Development Advisor, represented the property owners in the sale.
The popular sports-themed restaurant started in Baton Rouge by two former LSU basketball walk-ons has thrived over the years and expanded with more than 100 locations planned across 15 states. Currently, there are 18 Walk-On’s restaurants operating in Louisiana. Hammond Square marks the 3rd location for the Northshore region, with existing restaurants at Stirling Properties’ River Chase development in Covington and Fremaux Town Center in Slidell.
Stirling Properties previously announced the demolition of the former Sears and Rite Aid buildings at Hammond Square to make way for a multi-tenant retail redevelopment project. This summer, the company announced that Michaels, HomeGoods, Five Below and PetSmart would occupy the space and join the tenant lineup. Buildout of the new space is underway and expected to be completed in the first quarter of 2020, with the retail tenants anticipated to open in the second quarter of 2020. Hammond Square is also developing a two-tenant building in front of the former Rite Aid that will house additional restaurants, including Five Guys. This building is expected to be completed in the summer of 2020.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana encompassing over 902,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Stirling Properties Mixes Philanthropy & Fun
Inaugural Stirling Fest raises $60,000 for local nonprofits!
Aloha. Stirling Properties celebrated our inaugural Stirling Fest last Friday, a day of Hawaiian-style fun and philanthropy to raise money for charitable causes throughout the Gulf South region. The event, hosted by the Stirling Stewardship Committee, was a HUGE SUCCESS, raising over $60,000 for local nonprofit organizations!
Representing our motto of #BeTheChange: Helping others is a work of heart, every year, Stirling Properties selects charitable organizations to become the recipients of our annual company-wide fundraising efforts. Nonprofit groups are nominated and then voted on by Team Stirling members. This year, we are proud to have expanded our recipients to four worthy organizations—Special Olympics Louisiana, Camp N.O.R.A., Safe Harbor Northshore and Ronald McDonald House Charities Mobile! Representatives from each organization were in attendance to celebrate with us and receive a check for $15,000.
Celebrating our 7th year, the fundraising event was changed from an Olympics-style to more of a festival with music, games and tons of great prizes. Held at Digs Volleyball Complex in Covington, the Luau-themed day featured delicious food and beverages along with live music by in-house band Craig Marks the Spot and DJ El Camino (aka Michael Hecht of GNO, Inc.). Games and activities were held throughout the day including Beach Volleyball, Simon Says, Hula Hooping and Checkers.
The main event was a 4-team Cajun Huki Pull relay representing each of the designated nonprofits. Congratulations to Team Special Olympics, they took home the trophy for Beach Volleyball and the Huki Pull!
Mahalo. A special thanks to all of our sponsors, supporters, and Team Stirling for your generosity. Major sponsors include BXS Insurance, Berkadia Commercial Mortgage, Brasfield & Gorrie, Fishman Haygood LLP, IBERIABANK, Richard Price Contracting Co., BH Management, Hancock Whitney Bank, Capital One, Duplantis Design Group PC, Rotolo Consultants, Walker & Dunlop, Wells Fargo, Louisiana Landscape, Ogden Painting, Zito∙Russell Architects PC, Acadia Land Surveyor, Baker Donelson, Kent Design, Regal Construction, Robert Refrigeration, Stratum Engineering LLC, Armstrong Property Services, Associated Building Services LLC, Bellingrath Wealth Management, Champion Security, Cleco, Construction South Inc., Donahue Favret, E. Cornell Malone Corp., Eustis Mortgage, First Bank & Trust, First Guaranty, Gallo Mechanical, Greenleaf Lawson Architects, Jimmy Maurin, Jones Walker, Jones Swanson Huddell & Garrison LLC, Lemoine Company, Malone Roofing Services LLC, Metro Mechanical Inc., Newmark Grubb Knight Frank, PGIM Real Estate Finance, Pinnacle Elevators, Precision Metal Inc., Precision Waste Solutions LLC, Real Estate Tax Group, Resource Management LLC, Roger Ogden, SCS Electric Inc., Sun Interiors, Trimark Constructors LLC, VergesRome Architects, Vinson Guard Service Inc., WLS Lighting Solutions and Fidelity Bank.
And a big shout-out to the Stirling Stewardship Committee and the Stirling Fest Committee for all their hard work organizing the event and making it happen!
A hui hou (until we meet again)! #StirlingProud
Thank you to Big Easy Parking Lot Maintenance, Cosmich Simmons & Brown PLLC, Gulf South Electric, River Parish Disposal, Chris’ Paving, Coastal Environmental Services, Connelly Construction Group, Cost Segregation Services, Covington Electric Services Inc., Geiger Heating & Air, ITS Fire Alarm Security LLC, Jefferson Sprinkler, Larry Loyd Construction Co., Moran Construction Consultants LLC, Mullin Landscape Associates, PMAT Real Estate Investments, Premier Service Team LLC, Premium Parking, Professional Maintenance Services, Southeastern Waterproofing, Southern Farm Bureau Life Insurance Company, Upchurch Services, CMC, Moradel Cleaning Services Inc., Angelos Landscaping, B&G Lawn Maintenance LLC, Cook Moore & Associates, Dale’s Paving Inc., NcNeer Electrical Contracting Inc., Unit Design Inc., CertaPro Painters of Lafayette, Delta Flooring, Dixie Office Products, Floor Trader, Huseman & Associates LLC, Mele Printing, Pat Brister, ACA Mechanical/Industrial LLC, Susan Bonnett, T.L. Construction LLC, Grass Unlimited, Acadiana Lighting & Signs, CJ Ladner Insurance Agency Inc., Multitech Office Machines and Sign Lite.
Stirling Properties Promotes Laura Wallace to Controller – Corporate Accounting
Stirling Properties is pleased to announce that Laura Wallace has been promoted to Controller – Corporate Accounting.
In her new role, Laura will manage all of Stirling Properties’ corporate accounting functions, including, receivables, payables, cash flow and payroll.
Laura has been with the company for nearly 14 years, and previously held the role of Corporate Accountant. While she will be responsible for many of the same functions, she will also be handling new and expanded duties.
“We are thrilled to promote Laura Wallace to Controller – Corporate Accounting,” said Paul Mastio, Chief Financial Officer with Stirling Properties. “Over the years, everything that we have thrown at Laura, she has not only learned, but excelled in, and consistently gets the job done. In her previous role of Corporate Accountant, she graciously took on added responsibilities when needed, so she has essentially been performing many of these functions already.”
As Controller – Corporate Accounting, Laura will continue to handle the company’s accounting and the brokerage production in Realcore. In addition, she will be responsible for our corporate budgeting process and 401K audits. She will also supervise our accounting administrator and banking administrator.
Laura Wallace will work from Stirling Properties’ Covington, Louisiana, office. She can be reached at lwallace@stirlingprop.com or (985) 246-3777.
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 of the Florida Panhandle, where he was a member of one of the top-performing teams in the market.
He has also held the roles of analyst and account executive with Walton Funding, a private mortgage company. Here he garnered knowledge and experience with lending on investment properties and commercial loans, a skillset he uses to help guide his clients in making smart real estate decisions.
A native of Montgomery, AL, Steadman graduated from Samford University with a Bachelor of Science degree in Business Administration and Finance. He holds commercial real estate licenses in both Florida and Alabama.
He and his wife reside in Fairhope, AL, where he is a member of the Baldwin Commercial Exchange Club and an active volunteer as a YoungLife Leader.
Steadman Bethea can be reached at (850) 467-1047 or sbethea@stirlingprop.com.
New Rouses Market-Anchored Retail Development Coming to Lake Charles, Louisiana
Anticipated construction completion in the spring of 2020.
Stirling Properties commercial real estate company is pleased to announce that a new Rouses Market-anchored retail development is coming to Lake Charles, Louisiana. Developed by the Eisenberg Company, the roughly 90,000-square-foot development will be located on 10.25 acres on Nelson Road at Ham Reid Road in South Lake Charles. Eisenberg Company recently completed construction of its first Rouses Market-anchored shopping center, Arlington Marketplace, in Baton Rouge on the corner of Lee and Burbank.
Anchor-tenant Rouses Market will occupy approximately 44,000 square feet of retail space. Construction of the state-of-the-art, ground-up grocery store commenced last week, and it is expected to open in the fall of 2020. This marks the 3rd Rouses Market location for the Lake Charles area.
Rendering courtesy of Rouses Facebook
Stirling Properties’ commercial advisors are serving as the listing agents for the retail project. Justin Langlois, CCIM, Ben Graham, CCIM and Seth Citron are working diligently to fill the remainder of the property and bring new tenants to the market. Additional pad sites and shop space is available for sale, lease or build to suit.
“This exciting new Rouses Market-anchored retail development is centrally located within the fastest growing area in the region. Some of our ideal tenants for the space include quick-serve establishments, soft goods and service providers, and restaurant options,” said Citron. “Lake Charles is in the midst of an economic boom resulting in new job growth and subsequently population growth. We expect to see new companies and major retailers entering and expanding in this market—and we look forward to welcoming them very soon.”
Stirling Properties is located at 1400 Ryan Street, Suite B in Lake Charles, La. For sales and leasing information, contact Justin Langlois, CCIM at (225) 329-0287 / jlanglois@stirlingprop.com, Ben Graham, CCIM at (225) 329-0268 / bgraham@stirlingprop.com or Seth Citron at (337) 572-0273 / scitron@stirlingprop.com.
Stirling Properties Acquires Open-Air Retail Center in Pace, Florida
Stirling Properties commercial real estate company announces the acquisition of Santa Rosa Commons retail center in Pace, Florida. The sale closed on Wednesday, September 11th at a purchase price of $26 million. This marks the first acquisition for the company in the state of Florida. Stirling Properties will also assume leasing and management duties of the property effective immediately.
Built in 2008, Santa Rosa Commons is located on US Highway 90 in Pace, a part of the Pensacola MSA. The 138,850-square-foot open-air shopping center is 96.5% occupied and anchored by Publix, T.J.Maxx and PetSmart. Shadow-anchors include Target and The Home Depot. Other tenants in the center are Maurices, Shoe Carnival, Anytime Fitness, Sally Beauty, GNC, GameStop, Wasabi House Restaurant, Dr. Vape It, The Joint and Cuts By Us. The purchase also encompassed three single tenant outparcels housing Chili’s, Regions Bank and AT&T.
“We are thrilled to add Santa Rosa Commons to our growing portfolio of commercial properties across the Gulf South region. This is momentous for Stirling Properties because it marks our first acquisition in the Florida Panhandle and really puts skin in the game for us in this thriving market. We are optimistic in the continued success of the Pensacola metro area and look forward to future growth opportunities,” said Donna Smith, Senior Vice President of Asset Management & New Business with Stirling Properties.
“Stirling Properties’ proven track record in acquisitions, along with our in-depth understanding of market dynamics and the positioning of assets allow us to identify unique investment opportunities such as Santa Rosa Commons,” said Beezie Landry, Vice President of Investment Advisors with Stirling Properties. “This is a stable, grocery-anchored retail center that sits on a high-traffic thoroughfare, situated in a dense retail node with excellent visibility. The property is well leased with a great mix of national, regional and local tenants—and we are confident that it will perform well for years to come.”
Stirling Properties has acquired and/or developed more than $2.3 billion in commercial real estate across the Gulf South region totaling nearly 28 million square feet, including retail, office, industrial, healthcare, residential and mixed-use properties.
For more information on Stirling Properties’ investment services, contact Beezie Landry at (985) 246-3781 or blandry@stirlingprop.com. For information on asset management, contact Donna Smith at (985) 246-3758 or dsmith@stirlingprop.com.
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