Fresh Food Eatery, Coffee Shop and Clothing Boutique to Open in LSU’s Nicholson Gateway
LSU and Stirling Properties announced today that Frutta Bowls, Starbucks and Private Stock apparel boutique will be retail tenants in the university’s new Nicholson Gateway Development Project, currently under construction on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive.
The three tenants join anchor retailer Matherne’s Market and fast food restaurant Wendy’s in the roughly 50,000-square-foot retail component of Nicholson Gateway, which will serve residents of the project, the LSU community and visitors, as well as the surrounding Baton Rouge area.
“We are thrilled to have Frutta Bowls, Starbucks and Private Stock join Matherne’s Market and Wendy’s in our campus community. I’m confident these new neighbors will enhance the Nicholson Gateway living experience for the more than 1,500 students who will call this new space home in just a few weeks,” said LSU Assistant Vice President of Residential Life Steve Waller.
Matherne’s Market currently under construction
Opening its first Louisiana location, Frutta Bowls is a quick-service eatery offering acai, pitaya, oatmeal and kale bowls topped with fresh ingredients like fruit and granola. Their menu also includes smoothies, protein bites, kombucha and grab-and-go items.
Private Stock offers a selection of upscale sneakers and trendy apparel in a fashion-forward, hip atmosphere. Owner Donnie Alfred is a graduate of LSU and former LSU Track and Field sprinter, and is excited to move his Baton Rouge, La., store location closer to students.
Starbucks will operate a licensed location at LSU with indoor and outdoor seating to be a neighborhood gathering place for Nicholson Gateway residents, all LSU students, faculty, staff and visitors.
Nicholson Gateway Rendering
The LSU Property Foundation, an affiliate of the LSU Foundation, is facilitating Nicholson Gateway. Stirling Properties is serving as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE Real Estate, which specializes in student housing. Stirling Properties will also handle ongoing retail property management.
Opening this month, Nicholson Gateway will include 763 units of apartment-style housing for over 1,500 students, with associated residential support spaces, such as lounge spaces, study areas, community gathering places and retail food service. The project, focused on the largest underdeveloped tract of university-owned property that is adjacent to the campus core, will turn what has traditionally been the back of the campus into an exciting new gateway district while responding to demands for on-campus housing and supporting student success, improving the campus living experience for both undergraduate and graduate students.
For retail leasing information, please contact Dottie Tarleton, CCIM at dtarleton@stirlingprop.com / 225-922-4253 or Rhonda Sharkawy at rsharkawy@stirlingprop.com / 504-620-8145.
For student leasing information, visit lsu.edu/nicholson. Information about the overall project is available at nicholsongateway.com.
Matherne’s Market to be Retail Anchor Tenant in LSU’s Nicholson Gateway
LSU announced today that Matherne’s Market will be the retail anchor tenant in the university’s new Nicholson Gateway Development Project, currently under construction on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive.
Matherne’s Market will occupy 17,063 square feet of the roughly 50,000-square-foot retail component of Nicholson Gateway, which will primarily serve residents of the project, the LSU community and visitors.
“Matherne’s Market is an ideal addition to Nicholson Gateway,” said Steve Waller, LSU assistant vice president of residential life and housing. “We are excited to offer our new student residents access to a well-established local grocery store, just steps from their apartment doors. An on-site grocer is an amenity that will enhance the Nicholson Gateway living experience for the more than 1,500 students who will call this new space home.”
Tony Matherne, co-owner of Matherne’s Market, said, “We are very excited to bring our new Matherne’s Market concept to the Nicholson Gateway project at LSU! This Market will have the same offerings and ‘feel’ as our downtown location. We believe that our new store format, with a focus on fresh, specialty and prepared foods, catering and online shopping, with pickup and delivery options, highlights our company strengths and delivers the products and services that our customers want and need. Although our new format is smaller in size than our previous Baton Rouge supermarkets, this will be a full-service market that will provide the residents, students, faculty and staff, and visitors to LSU, as well as the residents and businesses of the surrounding area, with a clean, friendly and inviting shopping experience.”
Matherne said, “Our over 35 years of retailing experience gave us the confidence to downsize the footprint of the store while improving the customer’s experience. Our carefully selected product assortments provide great variety in all product categories, while also allowing us to improve upon the shopping experience for customers. Our new format is efficient for customers to shop for the items they want with the convenience they demand.”
The LSU Property Foundation, an affiliate of the LSU Foundation, is facilitating Nicholson Gateway. Stirling Properties is serving as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE, which specializes in student housing. Stirling Properties will also handle ongoing retail property management.
Slated for completion by this fall, Nicholson Gateway will include 763 units of apartment-style housing for over 1,500 students, with associated residential support spaces, such as lounge spaces, study areas, community gathering places and retail food service. The project, focused on the largest underdeveloped tract of university-owned property that is adjacent to the campus core, will turn what has traditionally been the back of the campus into an exciting new gateway district.
For retail leasing information, please contact Dottie Tarleton at dtarleton@stirlingprop.com or 225-922-4253 or Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-620-8145.
For student leasing information, visit lsu.edu/nicholson. Information about the overall project is available at nicholsongateway.com.
Louisiana State University Takes 3rd Place (Again!) In Global ARGUS University Challenge
Continues to propel national spotlight on growing educational real estate programs at LSU
Stirling Properties commercial real estate company is pleased to announce students from Louisiana State University (LSU) E.J. Ourso College of Business were awarded 3rd place in the global 2017 ARGUS Software University Challenge.
Since 2011, ARGUS Software has hosted the competitive challenge for university students from around the world aspiring to be commercial real estate professionals. Through this challenge, students create real-world investment strategies through informed decisions using ARGUS Software solutions. The theme of the case this year was Pokémon GO! A panel of judges from the academic community and real estate industry participated in reviewing the case studies and nominating the winners.
More than 30 top real estate programs from universities worldwide participated in the competition. The University of San Diego won 1st place, Cornell University placed 2nd, LSU took 3rd, and UCLA earned an honorable mention.
The team from LSU—Garrett Choate, Whitney Gaulter, Matt Hingle, Tyler Tamboli, Sophie Weber, Jason Wyman, and Cassius Dsouza—was coached by Stirling Properties Vice President of Finance, Justin Landry. Landry serves as an adjunct professor teaching Finance 7720 (Commercial Real Estate Investing). This is the 6th year he has taught the course and the 6th year an LSU team has competed in the ARGUS Challenge. It also marks the 2nd time placing under Landry’s leadership.
“This is the second consecutive year that we have secured a 3rd place finish in this competition, so it is no longer beginners luck! This win will certainly garner larger attention around the nation for LSU real estate programs and for students who seek a career in the industry. I am very proud of this team for their accomplishments—they have really worked hard,” said Landry.
LSU’s team secured $3,000 for the university through ARGUS Software. In addition, the students were bestowed the 2017 ICSC (International Council of Shopping Centers) Maurin-Ogden Foundation LSU Scholarship Award, funded by Jimmy Maurin and Roger Ogden, founders of Stirling Properties. Through the scholarship, students will receive all-expense-paid attendance to the ICSC RECon in Las Vegas, the world’s largest retail real estate convention. Each year Stirling Properties hosts LSU Award Recipients at the conference, offering the students valuable exposure to industry leaders and potential employers.
“We truly thank Stirling Properties’ founders, Jimmy Maurin and Roger Ogden for their generosity and unwavering commitment to LSU, real estate, and education. This is an invaluable opportunity for these students to meet and network with industry leaders. Many of our students in the past have garnered great job prospects through this experience,” said Landry.
For more information about Finance 7720 (Commercial Real Estate Investing) and its objectives, contact Justin Landry at jclandry@stirlingprop.com.
Stirling Properties is located at 109 Northpark Blvd., Suite 300 in Covington, Louisiana. For more information regarding our services, please visit us at www.stirlingproperties.com.
Developers Break Ground on Nicholson Gateway in Baton Rouge
Stirling Properties was pleased to participate in the groundbreaking of Nicholson Gateway last week, a 28-acre mixed-use housing and retail development located on the northwest corner of Nicholson Drive and Skip Bertman Drive across from Tiger Stadium. The development will include a 1,700-bed student housing and athletic dormitory with study areas and green spaces, as well as roughly 50,000 square feet of university focused retail space.
Stirling Properties was selected as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE that specializes in student housing. Stirling Properties will also handle on-going retail property management.
“Stirling Properties is proud to be involved on the development team of Nicholson Gateway. This mixed-use project will not only enhance the LSU campus, but will provide an activity hub for students and visitors,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. ”In addition, this growth is creating much needed on-campus student housing, new job opportunities and economic development for the area.”
Nicholson Gateway is expected to be open to students for the fall semester of 2018. The development will transform one of the largest remaining underdeveloped tracts of university property, turning an overlooked area into an exciting new corridor.
For leasing information, please contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or (504) 620-8145; or Dottie Tarleton at dtarleton@stirlingprop.com or (225) 922-4253.
Louisiana State University Takes 3rd Place In Global ARGUS Software University Challenge
Propels national spotlight on growing educational real estate programs
Stirling Properties commercial real estate company is pleased to announce students from Louisiana State University (LSU) E.J. Ourso Business School have placed 3rd in the global 2016 ARGUS Software University Challenge.
For the past several years, ARGUS Software has hosted the competitive challenge for university students from around the world aspiring to be real estate professionals. Through this challenge, students create real-world investment strategies through informed decisions using ARGUS solutions. A panel of judges from the academic community and industry participated in reviewing the case studies and nominating the winners.
More than 40 top real estate programs from national universities participated in the competition. The team from LSU—Jason Wyman, Eddie Saa, Jacob Kerr, Alysha Meadors and Robin Day—was coached by Stirling Properties Asset/Finance Manager, Justin Landry. Landry serves as an adjunct professor teaching Finance 7720 (Commercial Real Estate Investing). This is the 5th year an LSU team has competed in the ARGUS Software Challenge, and marks the 1st time placing under Landry’s leadership.
“Our team is thrilled to have placed among the top three teams in the country, especially among such prestigious schools and highly respected real estate programs,” said Robin Day, 2016 ARGUS Software University participant from LSU. “We were given the invaluable opportunity to learn from real-world scenarios. The challenge was a direct correlation to the types of trials real estate industry professionals encounter on a daily basis. Working as a team from various backgrounds allowed us the chance to share ideas and learn from one another. We created a more robust solution by combining our diverse knowledge bases than any of us could have accomplished individually.”
LSU’s team secured $2,000 for their university through ARGUS Software. In addition, the students were bestowed the 2016 ICSC Maurin Ogden Foundation LSU Scholarship Award, funded by Jimmy Maurin and Roger Ogden, founders of Stirling Properties. Through the scholarship, students will receive all-expense-paid attendance to the ICSC RECon Convention in Las Vegas. Each year Stirling Properties chaperones five LSU Award Recipients to the convention, offering the students valuable exposure to industry leaders and potential employers.
“This scholarship has been tremendously successful, and we’ve had a handful of students who received jobs as a result of attending the conference. But none of this would be possible without the generosity of Stirling’s founders, Jimmy Maurin and Roger Ogden. There are no two people more committed to LSU, real estate and education,” said Landry. “We couldn’t be more proud of this team of students. They have worked so hard for all that they have accomplished this semester.”
Coming on the heels of other recent LSU E.J. Ourso Business School advancements, this is another significant win that students and supporters hope will propel a national spotlight on the growing finance and real estate programs at the university.
For more information about Finance 7720 (Commercial Real Estate Investing) and its objectives contact Justin Landry at jclandry@stirlingprop.com.
Stirling Properties is located at United Plaza, 8550 United Plaza Boulevard, Suite 303 in Baton Rouge, Louisiana. For more information regarding our services, please visit us at www.stirlingproperties.com.
