Investment Sales

Stirling Properties Forms Investment Advisors Division

Stirling Properties Corporate Office

Stirling Properties commercial real estate company is expanding its depth of services in the Gulf South region through the formation of an Investment Advisors Division. The company’s acquisition, disposition, and investment sales efforts will be consolidated under one departmental umbrella.

Marty Mayer, President & CEO of Stirling Properties, said, “Evolution in the commercial real estate industry is creating rapid change, increasing the need for professional real estate advice and guidance for investors and property owners. Deepening our services through the formation of an Investment Advisors Division will help us to better elevate, promote, and brand the capabilities of Stirling Properties in this arena.”

Stirling Properties’ Investment Advisors Division will be led by Beezie Landry, Vice President of Investment Advisors. Landry began his career at Stirling Properties more than 17 years ago. Over the last few years, he has been responsible for the acquisition and disposition of nearly $500 million of investment assets in Louisiana and Mississippi, focusing on single and multi-tenant retail and medical office. He has represented a wide range of client types including private and institutional investors and has completed transactions with REITs such as Weingarten Realty Investors, General Growth, VEREIT, Realty Income, and AEI Funds.    

Stirling Properties’ Investment Advisors also welcomes seasoned professional Chad Rigby, CCIM, as Managing Director-Multifamily Sales. Previously, Rigby worked with Stream Realty, ARA Newmark, and most recently, with Rigby Advisors where he was responsible for all aspects of multifamily investment sales from transaction management, valuation, market analysis, and underwriting, to client development throughout Louisiana and Mississippi. He has transacted over $500 million, totaling approximately 7,000 units. Rigby holds a B.S. in International Trade and Finance from Louisiana State University and is a licensed real estate associate broker in Louisiana and Mississippi.

In addition, three other Stirling Properties’ agents will become part of Stirling Properties’ Investment Advisors. Jeff Barnes, CCIM, has been named Senior Investment Advisor, and will work from the company’s Mobile office; Saban Sellers has been named Investment Advisor-Multifamily, and will work from the New Orleans office; and Griffin Lennox will serve as Investment Advisor and Analyst, working from the Northpark office in Covington.

“Our vision for Stirling Properties’ Investment Advisors is to build one cohesive team with specific expertise across all property types that will add tremendous value for our clients,” said Landry. “I am proud to say that we have assembled a fully integrated team consisting of advisors, analysts, and marketing specialists with unsurpassed local market knowledge and a proven track record of results.”

“I am incredibly excited to join the team at Stirling Properties and work with them to build a new and robust Investment Advisors Division. My background in multifamily investments will help to benefit a diverse range of clients,” said Rigby.

May 9, 2018|Gulf South, Investment Sales, news, Press Releases|

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

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

Gulf South Investment Sales

Investment Sales remain a hot segment of the Commercial Real Estate Market in the Gulf South and opportunities continue to present themselves. A strong 2014 has bled over and the pattern is expected to continue.

Gulf SouthHistorically, local investors were hot on Louisiana, Mississippi and South Alabama earning slightly higher returns than most of the country. National and international investors viewed these markets as “risky” and, while considering properties in Texas and Florida, the Gulf South was too often overlooked, shrinking the buying pool.

In the past several years, that has all changed. Perception is reality, and here in the Gulf South is no exception. Low interest rates coupled with economic indicators stronger than national averages during the economic downturn grabbed the attention of investors from around the country. This led to increased activity from national investors who began seeing the opportunity that exists in these markets.

Six months ago some were asking “will lower oil prices impact the economic fundamentals in this market” and “will that impact pricing” in the Gulf South? The answers are yes and no. Yes, the energy sector does play a part in the economy. No, it has not affected pricing any more than in any other part of the country. Twenty years ago, these answers would not have been the same. Today, the economy of the Gulf South is more diverse than ever with rises in manufacturing, healthcare, technology and tourism making it more stable and attractive to investors.  Gone are the days when the Gulf South economy relied so heavily on the energy sector.

Today, instead of overlooking the Gulf South, national investors are seeking out opportunities and considering properties within these markets as comparable to those of other similar markets around the country. While this may not seem to be an accomplishment, it is the first time in decades that these markets have competed on a national stage.

The continued low interest rate environment has caused many Gulf South owners to reconsider selling properties that they may not have in the past. While the so-called “bargains” of a few years ago are not as prevalent and several 2014 sales were done at all-time low cap rates, interest in acquisitions in the Gulf South remains very strong.

In 2014, Stirling Properties closed over $120 million in Investment Sales and is projecting similar numbers in 2015. Our knowledge of the Gulf South, comprehensive in-house brokerage services and proven track record of buying and selling investment properties positions us as the regional industry leaders for investment sales.

May 26, 2015|Blog, Commercial, Gulf South, Investment Sales|

Stirling Properties’ Beezie Landry Closes on Sale of Three Investment Properties

Investment Sales
Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of three investment properties recently totaling over $15 million. In each of these transactions, Mr. Landry represented the Seller.

9006 Greenwell Springs Rd, Baton Rouge, LA– 13,824 SF
Patrick Luther & Matthew Mousavi of Faris Lee Investments assisted in the sale.
Buyer: Private New York based investor in a 1031 exchange.
Seller: Private Louisiana based investor
Price: $4.75 million
CVS has approximately nine years remaining in the lease as well as an option to extend the lease for up to another 20 years.

Park Plaza
3005 – 3147 Highway 14 (Gerstner Memorial Drive), Lake Charles, LA– 172,949 SF
Anchor: Conn’s
Buyer: Private Houston based investor
Seller: Weingarten Realty Investors
Price: $6 million
Value add opportunity with 40% vacancy

Woodmere Crossing
1540 Eastern Boulevard, Montgomery, AL– 42,257 SF
Co-listed with Jeff Barnes of Stirling Properties Mobile, Alabama office, as well as in connection with
Tenants: Petco, Books-A-Million, Jason’s Deli, and Sally Beauty Supply
Buyer: BV Belk Properties based in North Carolina
Seller: Woodmere Crossing was a lender owned property
Price: $4.4 million

Investment Sales is a linchpin to our brokerage division. Whether it’s achieving goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset acquisitions and dispositions of income-producing, distressed, vacant and REO properties. From institutional  to private investors, we assist in finding and securing assets that have opportunities for added value and improved performance as well as assets with stabilized risk-adjusted returns.

For more information regarding Investment Sales contact Beezie Landry or 985-898-2022.

Stirling Properties’ Beezie Landry Closes on Sale of Five Investment Properties in September

Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, closed on the sale of five investment properties in September totaling over $38 million. In each of these transactions, Mr. Landry represented the Seller.

Two single tenant Rouses Markets
2851 Belle Chasse Highway, Gretna, LA– 57,644 SF
Buyer: Rouses Market
Seller: Private New York based investor

50 Park Place, Covington, LA – 57,206 SF
Buyer: Rouse / Kingsmill, L.L.C.
Seller: Private New York based investor

Westwood Village
Southwest Corner of West Congress Street and Bertrand Drive, Lafayette, LA– 138,034 SF
Co-Listed with Charles Cornay, Senior Sales Executive for Stirling Properties
Multi-tenant grocery anchored shopping center
Anchor Tenants: Rouses Market, CVS, and Stage
Buyer: Private Lafayette based investor completing a 1031 exchange
Seller: Weingarten Realty Investors

Single Tenant Walgreens
2001 Carol Sue Avenue, Gretna, LA– 17,238 SF
Developed and sold by Stirling Properties
Brand new 25 year deal
Sold at a cap rate of 5.55%
Executed contract to closing was only 26 days
Buyer: Realty Income Corporation
Seller: Private Investor Group led by Stirling Properties

Winn Dixie
804 West Oak Street, Amite, LA– 49,771 SF
Winn Dixie recently renewed lease for 10 years
Executed contract to closing was only 22 days
Buyer: American Realty Capital Properties
Seller: Southland-Amite WD (a Chicago based investor)

“Year to date Beezie has closed on approximately $60 million in Investment Sales representing both Buyers and Sellers,” stated Chris Abadie, Vice President and Manager of Commercial Brokerage at Stirling Properties. “The clients he has represented have been publicly traded REITs as well as private investor groups on deals that include single tenant, ground leases and multi-tenant grocery anchored shopping centers.”

Investment sales is a linchpin to our brokerage division. Whether it’s achieving the goals of a buyer or seller, Stirling can meet your needs. Our professionals are versed in asset dispositions whether the property is income-producing, distressed, vacant or REO. From institutional investors to private investors, we help buyers find and secure assets that have opportunities for added value and improved performance, or assets with stabilized risk-adjusted returns.

For more information regarding Investment Sales, contact Beezie Landry or 985-898-2022.

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