News

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

Stirling Properties’ Angela McArthur Secures Two Locations for Five Guys Burgers and Fries

Angela McArthurEarlier this month Angela McArthur, Broker Associate with Stirling Properties, closed on two locations for Five Guys Burgers and Fries in Florida.

Downtown Pensacola will be enjoying Five Guys this fall at 440 E Chase St next to Newk’s Eatery, who just recently redeveloped a former Wintzell’s. The second restaurant will be located at 4796 Highway 90, Suite 3, Pace, Florida and will open in the spring. The building is being developed by Trademark Properties of Pensacola and will break ground in the coming weeks.

For more information regarding these transactions contact Angela McArthur at 251-375-2481 or amcarthur@stirlingprop.com.

August 24, 2015|Agents, Blog, Commercial, Deals, Florida|

President’s Message: Reflection, Rebirth, Resiliency

President's Message

Next week, we will pause to commemorate the 10th anniversary of Hurricane Katrina. From the shock, disbelief and uncertainty in the days, weeks and months that followed, Southeast Louisiana and the Gulf Coast have persevered. New Orleans has risen up from the brink of death to emerge, as it once had been, into one of the premier cities in the U.S. and the world. The publisher of Forbes called it “the greatest turnaround of our lifetime.”

New Orleans

Recently, I found a memo that I sent to our Stirling team on September 13, 2005 (just 2 weeks after Katrina and coincidentally just 11 days before Hurricane Rita devastated western Louisiana and Texas). While still living through the fog of the disaster and the uncertainty about what our future might hold, I marveled back then at the generosity, kindness and out pouring of support from people within Stirling and also from all over the country. It was truly an amazing expression of caring.

I wrote “It is my hope, that somehow someday, from the rubble of those buildings destroyed and the memory of people that were killed that something positive can happen for our future. Maybe, from that beginning, we can find ways to put aside our differences and to come together to achieve even greater heights.”

As I reflect back today, I am stunned by what has happened in the last 10 years — truly it is beyond anything I might have dared to imagine.

Our city and region have rebounded economically, culturally and in quality of life issues, with top rankings in tech job growth, brain gain, entrepreneurship, economic development and improved schools. GNO, Inc. sums it up in their K10 Top 10. The region is now positioned as a hub for science and technology, for water management and emerging environmental industries. The city’s medical corridor, called the BioDistrict, is anchored by the new, world-class $2 billion University Medical Center and VA Hospital. A new, world-class airport terminal will also open in 2018.

My hopes about putting aside our differences have similarly exceeded my dreams with our Super Region consisting of the 22 parishes of Greater New Orleans, Houma-Thibodaux and Greater Baton Rouge working together in an unprecedented manner for the common good.

Equally impressive has been what has happened within our company in those last 10 years. We have grown in size and strength. Amazingly, almost 150 new people have joined our team since then. Consider the projects we have undertaken just in the Greater New Orleans area since Katrina:

  • Acquisition of Pan American Life Center
  • Fremaux Town Center
  • Mid-City Market
  • Fresh Market Redevelopment on St. Charles Avenue
  • Multiple Walgreens, including the Walgreens on Magazine Street
  • River Chase Expansion
  • Magnolia Marketplace
  • Offices at Mid-City Market (under construction)

Since 2010, the investments just within the City of New Orleans totaled over $156 Million. In many ways, our latest development to have its grand opening, Magnolia Marketplace on South Claiborne Avenue in New Orleans, is a fitting story of the 10th Anniversary of Katrina. From literally an abandoned, blighted, crime-ridden housing project rose a center of business, jobs, revitalization and rebirth of a previously downtrodden area.

While we have come a long way and have much to be proud of, ten years is not the end of the race. We must and will work together to continue to build on the progress of the last decade.

But before we begin the work of the next ten years, I would like to take a moment to pause and reflect, to thank all of you who were so caring during the dark days and to those of you who have come together to help create the success we have achieved together.

August 19, 2015|Blog, Corporate, President's Message|

Coalition for Coastal Resilience and Economy (CCRE): Ecosystem Restoration Is Economic Development

As Chairman of the Coalition for Coastal Resilience and Economy (CCRE), I wanted to take a moment to introduce the coalition and give an update about the traction we’ve made in our first year. Launched in July 2014 by the economic development organization Greater New Orleans, Inc. (GNO, Inc.), CCRE is a business-led coalition tasked with creating an educated, informed voice of advocacy for sustainable restoration efforts in Louisiana’s wetlands, rivers, deltas, and coastline. It is made up of non-partisan, Southeastern Louisiana business leaders that believe investing in smart restoration today will ensure continuing economic opportunities in the future. CCRE will advocate for policies that promote, protect and drive resources to Louisiana’s coast.

RESTORE Act Meeting - August 2014

RESTORE Act Meeting – August 2014

In the last year, CCRE members and I have participated in several unique coastal experiences, including seaplane and boat tours of Louisiana’s coastline, designed to increase awareness of the needs, opportunities and plans for coastal protection and restoration. We’ve met with government officials, including U.S. Congressman Steve Scalise, to collaborate and discuss the most effective ways to utilize RESTORE Act funds to revive and protect Louisiana’s wetlands and coastline. As we approach the Katrina Anniversary, coastal restoration and resilience is bound to be a part of the media coverage about the region’s recovery over the last ten years.  In fact, there was a terrific piece in the New York Times recently “How to Save a Sinking Coast: Katrina Created a Laboratory.” To ensure that the narrative around coastal issues is appropriately framed—furthering the region’s position as an international leader in resiliency and restoration—GNO, Inc., on behalf of the CCRE, is reaching proactively to media via coastal overflights, interviews and panel briefings. Also, GNO, Inc. Chairman Michael Hecht and I penned a Letter to the Editor and submitted it to the New York Times, providing additional context to the recent John Barry story, “Is New Orleans Safe?” Restoring the wetlands along the Gulf of Mexico coastline is arguably the region’s most pressing environmental and economic issue. With the coming influx of funding from the RESTORE Act and other oil spill-related settlements, CCRE has a unique opportunity to ensure the continued prosperity and sustainability of Southeast Louisiana. Now is the perfect time to implement smart, long-lasting solutions to improve the coastline, communities and economy. I am excited about the role the business community will play in this effort.

 

Stirling Properties Announces Latest Investment Sale in Mobile, Alabama

USPS Distribution Center

Stirling Properties’ agents Justin Toomey and Andrew Dickman recently completed the sale of a 100,000 square-foot United States Postal Service facility in Mobile, Alabama. The industrial distribution warehouse, located at 4538 Shipyard Road, was sold for $3.1 Million on Friday, July 31, 2015. Justin and Andrew represented the seller, Alabama Gulfstar, LLC and a local Mobile based investor group with the acquisition.

For more information regarding investment sales, leasing opportunities or any of your real estate needs contact Stirling Properties at 251-375-2495 or visit www.stirlingproperties.com.

August 7, 2015|Agents, Alabama, Blog, Commercial, Deals, Investment Sales|

Louisiana Continues to be Recognized in National Rankings

Baton RougeICSCAs the International Council of Shopping Center’s (ICSC’s) State Director for Louisiana, I recently contributed an article for our Quarterly Membership Newsletter that I’d like to share:

Louisiana State Director’s Message – Summer 2015

I have written many times in recent newsletters about Louisiana’s economic development growth and I can’t help myself but to continue to report the good news.  Our State continues to be on an unprecedented roll for economic growth and diversification that is really changing our trajectory in a way that is having extreme benefits on our industry, our career, our families and our long term well-being.  The progress and growth is not going unnoticed, this summer’s publications have bestowed some significant rankings and milestones.

For the 6th straight year, Southern Business and Development has ranked Louisiana #1 among Southern states for attracting the most significant capital investment and job-creation projects per million residents.  In the State of the Year category, Louisiana earned honorable mention.  While not receiving State of the Year this year, Louisiana has earned State or Co-State of the Year honors in five of the past seven years.  In addition our cities are being recognized individually as well.

  • 2015 Small Market of the Year (Pop < 250K) – Lake Charles
    • Honorable Mention – Houma-Thibodaux
  • 2015 Major Market of the Year (Pop 750K – 2M)
    • Honorable Mentions – New Orleans & Baton Rouge
  • 2015 Mid-Market of the Year (Pop 250K – 750K)
    • Honorable Mention – Shreveport

In June Area Development magazine awarded Louisiana the 2015 Silver Shovel Award (Pop 3M to 5M category) for posting one of the best economic development performances in the U.S. during the past year.  The awards honor states with the most significant impact from their 10 leading investment and job creation projects during 2014.  This is our State’s 6th year in a row earning a Silver Shovel Award.

In May Chief Executive magazine honored Louisiana with its highest ranking ever in its CEO survey of state business climates, ranking #7 on Best & Worst States for Business.  This is up 40 positions since January 2008, representing the greatest improvement of any state in that time period.  Additionally, Site Selection magazine picked Louisiana No. 2 in U.S. for economic development competitiveness in 2014 with 7 of the top 10 states located in the Southeast, which points to the region’s sustained competitiveness over the past decade.

All of this just a decade after most of the nation had written Louisiana off for dead following Hurricanes Katrina and Rita in the summer of 2005, quite remarkable to say the least.  This is not only encouraging for our personal businesses but also inspiring for the business community in our State.  I see the retail industry as a huge beneficiary of this success during this past decade with even brighter days ahead.

August 3, 2015|Blog, Market Research, Rankings|

Mayor Drennan, LADOTD, and Stirling Properties Celebrate Opening of Town Center Parkway in Slidell, Louisiana

Town Center Parkway Aerial

Today, Mayor Freddy Drennan joined representatives from the Louisiana Department of Transportation (LADOTD), Omni Pinnacle and Stirling Properties to celebrate the opening of Town Center Parkway in Slidell, Louisiana.

Town Center Parkway now connects two of Slidell’s Interstate 10 interchanges, Old Spanish Trail through Fremaux Town Center to Fremaux Avenue.

“The opening of the Town Center Parkway is a great benefit to our citizens as it provides easier access to Fremaux Town Center and other undeveloped properties. It is another main thoroughfare that connects north and south Slidell,” said Slidell Mayor Freddy Drennan. “I would like to thank Omni Pinnacle as the contractor for this project and Stirling Properties, the Louisiana Department of Transportation, Regional Planning Commission and Development and St. Tammany Parish Government for their assistance.”

LADOTD District 62 Administrator Allison Schilling added, “I am pleased that this much needed project, which connects US 190 Business to LA 433 is complete. It is so important that we continue to move forward with infrastructure projects that help drive economic development throughout our region.”

The completion of Town Center Parkway also opens up an additional 200 acres for development to compliment Fremaux Town Center including retail, office, residential and hospitality. For more information regarding the development please contact Dan Tate at dtate@stirlingprop.com or 504-523-4481.

  • Make A Wish-Builder Of Hope

    Published On: September 9, 2024
  • First Horizon Has Renewed Lease At The Pan-American Life Center!

    Published On: September 6, 2024
Go to Top