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News2024-05-01T13:01:07+00:00

President’s Message: No More Kicking the Can

Hurricane Ida Recovery

We’re a little more than two weeks past the landfall of Hurricane Ida and slowly, slowly returning to some sense of normalcy. Yet, many are still struggling to recover. I want to thank everyone who called, texted, emailed and checked in on us over the last couple of weeks. Your outpouring of support and encouragement is very much appreciated. We extend our thoughts and prayers across the country to all those affected by this storm and the devastation it left behind.

Hurricane Ida is tied with Hurricane Laura (2020) as the strongest storm to ever hit Louisiana, with sustained winds over 150 mph, and it was the fifth-largest storm ever to hit the U.S. (in terms of category strength). Needless to say, our region sustained severe impacts from this storm—ironically, 16 years to the day after Hurricane Katrina devastated the Gulf South.

Hurricane Ida was primarily a wind event that downed power poles by epic proportions and destroyed entire electric grids, crippling our people and their recovery efforts. More than one million customers lost power. Over 30,000 power poles were downed—almost double that of Hurricane Katrina—and some electricity, internet and cellular outages will possibly continue through the end of September. To many, destruction to the power grid system, in this case, was equally as destructive as Hurricane Katrina’s floodwaters, which further highlights the weaknesses that persist in our national disaster response efforts.

As always, I am tremendously proud of the responsiveness of our Stirling Properties team. Even amid their own challenges and losses, our team stepped up to take care of each other and our properties. We’ve witnessed this many times over the past year and a half. Our team members pitched in to help those affected by Hurricane Laura in Lake Charles last year, Hurricane Sally that hit Mobile/Pensacola, and now, they have volunteered, raised funds and brought much-needed supplies to our area.

  • We were able to secure fuel tanks and distribution points to provide much-needed gasoline for generators in areas where fuel was impossible to find.
  • We kept in constant contact with our folks in impacted areas and continue to update and monitor individual circumstances. In some cases, we helped line up vendors for mitigation efforts, tree/roof damage, and other needs.
  • In addition, we assisted our healthcare partners at Ochsner New Orleans, to secure toiletries and basic needs items for their frontline staff working through the storm and the ongoing COVID-19 surge.
  • We helped Xavier University line up temporary remote educational space in our conference center at the Pan-American Life Center in New Orleans.
  • Our Mobile/Pensacola team raised and delivered over $10,000 in cash, gift cards and donated supplies to residents of lower Jefferson and Lafourche Parishes, who were hit especially hard during the storm and still do not have power restored.

On the property side, our team was equally responsive in getting on-site quickly and working to mitigate damage to our impacted properties. Some team members were first to respond or even camped out at properties to ensure their safety and continuity. One of our most severely affected properties was Westpark Self Storage in Houma. The facility still has no power and received significant wind and water damage to the building and storage units. Our team has been on-site 24/7, working with customers who have lost their personal belongings. Ironically, another property that received storm damage was one we just acquired the week before, a Pepsi Distribution Center in Livingston, LA, that incurred significant roof damage and water intrusion. Our team worked diligently to install a temporary roof, minimize damage and get the facility back in operation. Many other properties sustained minor damage, but overall, we were very fortunate.

What lessons can we learn from this? What do we take away from this type of widespread destruction? First, our infrastructure failed; and it’s not the first time. The infrastructure across our entire country is highly vulnerable to both natural and man-made disasters, like security threats. A weak infrastructure not only jeopardizes our economy and business continuity but our safety and security as a whole, as evidenced by events all over the country that are happening more and more frequently. Our businesses, financial markets, logistics systems, and even our lives rely on a solid infrastructure system. And when it fails, we all suffer.

In my opinion, it is past time to get serious and make significant investments in our infrastructure. We lag way behind other countries in this area. Our country’s infrastructure needs 20 years ago were much different than today with the advancements of power grids, broadband, water and gas. Therefore, our infrastructure support system and response efforts need also to evolve to remain relevant. In juxtaposition, the COVID-19 pandemic forced the whole country to work remotely, and we were successful in business continuity—but other natural disasters that cripple our infrastructure hinder our progress and set us back even further.

Following Hurricane Katrina, a $14 billion infrastructure investment for flood protection was made in our region, and it worked. Now, power grids and support should be a priority—not just locally but nationally. Unfortunately, upgrades to our infrastructure have been kicked down the road for far too long. I understand the hesitancy in making such large-scale decisions and spending bills; however, the political football of infrastructure investments must end.

I support the bipartisan Infrastructure Investment and Jobs Act (H.R. 3684) cosponsored by Senator Bill Cassidy (Louisiana), making substantial investments in roads, bridges, ports, airports, electric grids, water systems, broadband and coastal resiliency. This $1.2 trillion bill will significantly aid Louisiana and our current recovery efforts and help prepare others across the country for future disasters. The Senate recently passed this infrastructure bill and now goes to the House. While I understand there is another larger proposed infrastructure bill, perhaps our elected officials can meet somewhere between…and quickly. But doing nothing is no longer an option. No more kicking the can; no more political football.

I encourage you all to contact, call or write your Representative in Congress to support this vital legislation that will literally pave the way for a better, brighter future for us all.

Learn more about the Infrastructure Investment and Jobs Act (H.R. 3684).

September 15, 2021|Blog, Louisiana, President's Message|

Stirling Properties Acquires 140,000-Square-Foot Pepsi Distribution Center in Livingston, LA

Marks company’s 1st large-scale industrial acquisition.

Stirling Properties announces the acquisition of a 140,000-square-foot Pepsi Distribution Center located in Livingston, Louisiana. The sale closed on August 19th. This marks Stirling Properties’ first large-scale industrial acquisition. The company will also assume asset management duties of the property immediately.

Built in 2016, the industrial property sits on 15 acres and is strategically located along the I-12 corridor. The facility is fully occupied by PepsiCo., Inc. and serves as a logistics hub for PepsiCo brands, including Gatorade, Dasani, Frito-Lay, Starbucks, Mountain Dew and other related brands for the Greater Baton Rouge Area, Greater New Orleans Area and the Northshore regions of Southeast Louisiana.

Townsend Underhill, President of Development for Stirling Properties, will serve as the Asset Manager for the property. Beezie Landry, Justin Langlois, and Chad Rigby, with Stirling Investment Advisors (SIA), a division of Stirling Properties, handled the sales transaction. Stirling Investment Advisors specialize in investment sales of retail, multifamily, office, healthcare, and industrial properties, across the Gulf South market.

Stirling Properties Welcomes Chip Brown and Jay O’Brien to Its Commercial Brokerage Team in Mobile, AL

Stirling Properties welcomes Chip Brown and Jay O’Brien to its Commercial Brokerage Team. Brown and O’Brien will work out of the company’s Mobile, Alabama, office located at 1 St. Louis Street, Suite 4100. 

Chip BrownChip Brown joins the team as a commercial real estate advisor. He is a REALTOR® and entrepreneur and the former president of his family-owned commercial real estate company, E.H. Brown and Associates, located in Mobile. 

Brown is a veteran of the Alabama Army National Guard and a former Advisor in Afghanistan for NATO and US Forces Afghanistan. A lifelong resident of South Alabama, he serves as a State Representative for South Mobile County and sits on the Urban & Rural Development Committee, Economic Development & Tourism Committee, Insurance Committee, House Rules Committee and Mobile County Legislation Committee. 

He is a former Chairman of the board for the Make A Wish Foundation of Alabama and for several years has volunteered his time serving as a youth baseball, football, soccer and basketball coach. Brown is a graduate of Troy State University, The Defense Department Information School and has a master’s degree from National University. 

Jay O’BrienJay O’Brien, CCIM, serves as a senior advisor, specializing in land brokerage, site selection, tenant representation and property management. With more than 23 years of experience, he has been involved in the development, acquisition and disposition of over 10,000,000 square feet of retail, multifamily and industrial properties throughout Alabama, Mississippi and the Florida Panhandle. He holds the prestigious Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement. 

A lifelong resident of Mobile, O’Brien is an entrepreneur, local business owner and the president of his family-owned real estate company, J. L. O’Brien & Associates, Inc., in Mobile. He is a member of the National Association of Realtors, State Board of Realtors and the Mobile Board of Realtors. He is also a former State Board Member and Officer with the Coastal Conservation Association (CCA) of Alabama. O’Brien graduated from Auburn University with a degree in Building Science. 

Chip Brown can be reached at cbrown@stirlingprop.com / (251) 581-5173. Jay O’Brien, CCIMcan be reached at jobrien@stirlingprop.com / (251) 379-1420. 

August 5, 2021|Agents, Alabama, Commercial, news, Press Releases|

Walk-On’s Sports Bistreaux at Hammond Square Opens July 19th

Walk-On's Sports Bistreaux at Hammond Square

Stirling Properties announces Walk-On’s Sports Bistreaux will celebrate the grand opening of its newest location at Hammond Square in Hammond, Louisiana, on July 19th, 2021. An official ribbon-cutting ceremony hosted by the Tangipahoa Chamber of Commerce will be held at 10am.

The highly anticipated restaurant will be located on C.M. Fagan Drive, next to PetSmart and Five Below, in the Hammond Square shopping center. Walk-On’s Sports Bistreaux local franchisee DBMC Restaurants acquired 1.35 acres of property to build and operate the roughly 8,025-square-foot restaurant as part of a redevelopment project on the northeast side of the shopping center. 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, is the exclusive commercial advisor for Hammond Square and worked with the property owners and restaurant group to secure the new location.

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 open or in development across 15 states. Currently, there are 19 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.

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 852,000-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 Develops New Ochsner Kidney Care Clinics Across GNO Area

Ochsner Kidney Care – Jefferson Highway

Through a joint venture of Ochsner Health and National Renal Care (NRC), Stirling Properties is developing four Ochsner Kidney Care clinics across the greater New Orleans area. The clinics are new-to-market for Southeast Louisiana and expand healthcare service offerings for Ochsner Health and its patients. The facilities vary in size from 6,000-11,000 square feet, providing comprehensive, coordinated kidney care and dialysis services.

The first location, Ochsner Kidney Care – Jefferson Highway, is now open to Ochsner patients. Located at 320 Maine Street, the stand-alone facility is a ground-up development and occupies 10,898 square feet of space adjacent to Ochsner Rehabilitation Hospital. This is the first joint venture of its kind in the region.

Three additional clinics are under construction and are expected to open between June and December of 2021:

  • Ochsner Kidney Care – Algiers (4001 General De Gaulle Dr., New Orleans)
  • Ochsner Kidney Care – Marrero (1201-1219 Barataria Blvd., Marrero)
  • Ochsner Kidney Care – Metairie (4300 W. Esplanade Ave., Metairie)

Stirling Properties is serving as the developer on the projects as part of the company’s further expansion of healthcare real estate services. “Stirling Properties is proud and thankful to continue our partnership with Ochsner Health System. Our extensive commercial background and translatable skillset allow us to bring value to our healthcare clients and projects. As the demand for new medical services increases, so are our service lines to meet those local needs,” said Townsend Underhill, President of Development for Stirling Properties.

RED is serving as the architect on the projects. MAPP is the General Contractor, and Duplantis Design Group is the Civil Engineer.

Ochsner Kidney Care Treatment Room

Ochsner and NRC formed Ochsner Kidney Care, which will deliver a holistic approach as part of a new standard of care for people living with kidney disease. The new Ochsner Kidney Care centers, under the direction of the Ochsner Nephrology team, will provide comprehensive kidney care and long-term disease management for improved quality of life.

Stirling Properties and Ochsner Health System have previously worked together on the newly constructed $100+ million Ochsner Medical Complex – High Grove development in Baton Rouge, Ochsner Rehabilitation Hospital in Jefferson, the state-of-the-art Emergency Department and Imaging Center in LaPlace, Louisiana, and Ochsner Northshore Medical Complex (former Louisiana Heart Hospital) in Lacombe, St. Tammany Cancer Center in Covington, and countless other projects across Lousiana.

President’s Message: The Collision of Physical and Digital Retail

For quite some time now, you have undoubtedly seen the exaggerated headlines about the death of brick-and-mortar retail. How ecommerce—led by Amazon—would put physical stores out of business. How ironic is it now that these digitally native retailers are aggressively moving into the brick-and-mortar world?

In fact, Amazon is very bullish on opening new physical stores in all its various formats (Amazon Grocery, Whole Foods, Amazon Four Star, Amazon Books, etc.). And conversely, while Amazon is adding new stores, traditional brick-and-mortar retailers are determinedly expanding and beefing up their ecommerce platforms as well. Why? Because it provides multiple avenues and touchpoints to engage with and satisfy the demands of the consumer. It’s like two trains coming from different directions colliding in the same retail space.

We’ve already seen many physical changes occurring in brick-and-mortar retail stores as a result. Retailers and retail property owners are shifting away from the one-size-fits-all model and curating more personalized and experiential environments, a change that has been occurring for quite some time. Consumer safety features, BOPIS (buy online, pickup in-store), curbside pickup and expedited pickup zones for fast-casual restaurant establishments have all become the norm, even consumers’ expectations.

Retail real estate has certainly evolved over the years, but those who believed that brick-and-mortar stores were dying failed to understand consumers’ behaviors and preferences. Sure, specific retail formats and retailer stores have or will die, but overall, brick-and-mortar retail is healthy and here to stay. The onslaught of the COVID-19 pandemic further accelerated trends that were already beginning to occur and even proved that some types of retail are actually essential to consumers. The COVID crises also confirmed that retail centers are more than just for shopping. They offer healthcare services, wellness clinics, fitness, entertainment, community gathering places and social connectivity—all things digitally-native brands are now trying to capitalize on.

Moving forward, retail centers will only play a more critical role in everyday living and bringing communities together, and retailers must recognize and adapt to their role in this transformation. So, what can we expect to see for the future of retail?

  • Rapid expansion of those retailers that have emerged as the winners. Grocery stores (value, ethnic and specialty) are performing exceptionally well and remain attractive tenants in retail centers. Off-price players, fitness, healthcare and digitally native brands will grow substantially.
  • Constant and substantial physical changes to retail centers. Retailers will continue to alter store sizes and formats to adapt to consumer demands, such as convenience and safety (some may be larger, some smaller), more convenient front-of-store operations for customer pickup and quick product collection.
  • Enhanced online ordering systems, technology integration and expedited pickup zones for fast-casual restaurants.
  • Activation of common areas and outdoor spaces for restaurant and dining uses, entertainment, community events, and social gathering places.
  • Emerging new retail and food concepts (e.g., food kitchens).
  • Creative ways for retailers to use data mining and tech advancements to better engage with and attract customers into the physical store.
  • Continual incorporation of brick-and-mortar in the supply chain as more stores are utilized as distribution and fulfillment spaces.

Brick-and-mortar retail is definitely not dead, but it will continue to evolve and transform at a rapid pace—and the collision of physical and digital uses of retail space will drive most of this transformation.

Understanding the implications of these changes and being ready and able to adapt will be critical for retail owners and operators. And, for those able to do so, there will be many opportunities in the future.

As the physical and digital retail worlds continue to collide, retailers and property owners will be forced to get on board or get crushed!

June 2, 2021|Blog, President's Message, Retail|
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