Stirling Properties Brokers Sale of 14-Acre Property To Athlos Academies in Terrytown, Louisiana
Stirling Properties is pleased to announce the sale of 14 acres of property to Athlos Academies for a new charter school that will be located at 979 Behrman Highway in Terrytown, Louisiana.
Athlos Academies is preparing to build a 90,000-square-foot facility, including state-of-the-art classrooms and fully-equipped indoor physical fitness centers with both hardwood court and turf field space. The tuition-free, public school—Athlos Academy of Jefferson Parish—plans to open in the fall of 2017 and will serve approximately 900 K-6 students in its first year.
“I am proud to bring this opportunity to students where I live on the Westbank of Jefferson Parish,” says Ben Bourgeois, chair of the Athlos Academy of Jefferson Parish governing board. “This school will not only impact students, it will also contribute to the economic development of the community. We’re grateful to the many local organizations that recognize this and have already offered their support.”
Athlos Academies purchased the property from the Beninate Family represented by Nick Beninate, Mary Landry and Kathy Trauth.
Stirling Properties’ Sales and Leasing Executive, Joe Gardner, handled the transaction and says he is delighted with such progress for the area.
“Over the last 18 months, the Beninate family has consummated deals with DaVita Dialysis Clinic, Dollar General and now Athlos Academy. It’s great to work with sellers who are prudent as well as motivated to finalize deals,” said Gardner.
Athlos Academy of Jefferson Parish provides a unique approach to teaching and learning. Its mission is to provide high quality educational opportunities for children by building on three foundational pillars: Prepared Mind, Healthy Body, and Performance Character. Students will participate in daily scientifically-developed physical activity sessions, develop performance character traits, and benefit from a research-based academic curriculum that results in high academic achievement for all.
“Education is an important part of expansion and economic growth for any area,” said Gardner. “There is strong consumer demand for good schools, and demand increases real estate values; neighborhoods grow and retailers follow. It is a win-win for everyone.”
Stirling Properties has been at the forefront of commercial real estate in South Louisiana and the Gulf South region, and is committed to bringing quality retailers, developments and tenants to the area. Stirling Properties currently manages more than 16 million square feet of property, with close to 114 million square feet of property and land for sale or lease, almost exclusively in Louisiana.
For sales and leasing information, contact Joe Gardner at (504) 620-8140 or jgardner@stirlingprop.com.
British Airways to connect London & New Orleans with nonstop flights
This morning, British Airways announced it was initiating a direct flight between New Orleans and London. This is truly a “game changer” for our region and a confirmation about the outlook for the Gulf South economy.
The effort to bring British Airways back was years long and required presenting a strong regional business support throughout Louisiana and over to Mobile.
Michael Hecht, CEO of GNO Inc. stated:
“Mobile (Ala.) was a major support for us because we talked about starting up a bus service for executives from Mobile into New Orleans, so they can fly direct into Europe instead of going into Chicago.”
Mid-City Market 100% Leased!
Addition of new retail & restaurant tenants
Stirling Properties commercial real estate company welcomes new tenants to Mid-City Market in New Orleans, Louisiana, and is pleased to announce that the center is 100% leased.
ASI Federal Credit Union will occupy the last remaining 2,541 square feet of space. Build-out of the space is underway, and the company plans to open in January of 2017. This will mark the 2nd Mid-City location for ASI Federal Credit Union.
Previously announced Mr. Ed’s Oyster Bar & Fish House successfully opened earlier this week, marking the 4th location for the popular New Orleans restaurant. It occupied the former Pei Wei Asian Diner space.
Stirling Properties Sales & Leasing Executive, Joe Gardner, handled both transactions.
Located on 6.5 acres at the northwest corner of North Carrollton Avenue and Bienville Street in Mid-City New Orleans, Mid-City Market is a 109,000-square-foot urban infill shopping center. Anchored by Winn-Dixie, the center is home to a diverse mix of local and national retailers and restaurants including Office Depot, Jefferson Feed Pet & Garden Center, Panera Bread, Verizon Wireless, Felipe’s Taqueria, Mr. Ed’s Oyster Bar & Fish House, Five Guys Burgers and Fries, Ochsner Health Center, GNC, Pinkberry, Pizza Hut, Shine Spa + Specialties, LA Nails Spa, and Mariposa Salon & Spa. Stirling Properties developed Mid-City Market and currently manages and leases the center.
Stirling Properties broke ground on the development in early 2012 and celebrated a grand opening in July of 2013. Mid-City Market is Stirling Properties’ largest ground-up retail development in New Orleans and represents one the of the most significant retail developments in the city following Hurricane Katrina. Stirling Properties acquired the vacant, blighted site and returned it to commerce after a $40 million investment. Mid-City Market now serves as the retail and restaurant center of the community, delivering new jobs, new tax revenue and new energy to this vibrant corridor. The retail center is credited with creating over 500 new jobs for the area.
Mid-City Market was designed to incorporate extensive pedestrian features, contextual urban and adaptive reuse architecture, and to complement the adjacent Lafitte Greenway pedestrian and bicycle pathway, melding the retail center to the culturally rich urban neighborhood and extensive architectural history.
“Stirling Properties remains committed to the City of New Orleans and surrounding communities. Our mission is to create economically sustainable retail developments that produce long-lasting benefits to the communities in which they are built—and Mid-City Market is a perfect example of that,” said Grady Brame, Executive Vice President for Stirling Properties. “This center provides services to a great number of local residents and visitors, and is a dynamic economic contributor. We are proud of its progress and success.”
Stirling Properties has been at the forefront of commercial real estate management, investment and development in the greater New Orleans area and surrounding Southeast Louisiana region. Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, and currently has more than 114 million square feet of property and land for sale or lease. Other Stirling Properties management and development projects in New Orleans include, Offices at Mid-City Market, Magnolia Marketplace, Fresh Market and Pan American Life Center, just to name a few.
Stirling Properties to Develop Medical Facility in LaPlace
Site Work Commences On New Home to Ochsner Medical Complex
Stirling Properties is pleased to announce the acquisition of 11.93 acres of land in St. John the Baptist Parish for development of a new medical facility and additional commercial development. The site is located at the northwest corner of W. Airline Highway and N. Sugar Ridge Road in LaPlace, Louisiana.
Phase I of this development includes a lease to Ochsner Clinic Foundation for a roughly 20,000-square-foot freestanding emergency room and diagnostic center on approximately 3.5 acres of land. Ochsner Medical Complex-River Parishes is relocating from Rue de Santé to this new facility at 1900 W. Airline Highway. Site work commenced the second week of July and completion is slated for the second quarter of 2017.
Ochsner is southeast Louisiana’s largest nonprofit, academic, multispecialty healthcare delivery system, encompassing numerous owned, managed and affiliated hospitals and neighborhood health centers across the region, and is consistently ranked among the top healthcare providers. Ochsner is also one of the largest employers in the area and a major economic contributor to the Gulf South region.
“Health care is a major growth sector, creating demand for medical facilities, office space and retail support,” said Townsend Underhill, Senior Vice President of Development for Stirling Properties. “Freestanding clinics and targeted medical service facilities are the future of health care and commercial real estate—this new development in LaPlace will not only bring services closer to our communities, but also create new jobs and economic opportunities.”
The adjoining +/- 8.4 acres of the LaPlace facility are currently available for additional commercial development. The property is zoned commercial and is open to compatible use expansion, e.g. office, hospitality, retail, medical, etc.
Stirling Properties has been at the forefront of commercial real estate investment and development in Southeast Louisiana and the Gulf South region, and is committed to bringing quality development and top-notch tenants into local neighborhoods. Since 2010, Stirling Properties has developed more than 3.7 million square feet totaling $465 million, almost exclusively in Louisiana.
For sales and leasing information, contact Beezie Landry at (985) 246-3781 or blandry@stirlingprop.com.
Stirling Properties Relocates New Orleans Office To Pan American Life Center
Stirling Properties commercial real estate company is pleased to announce the relocation of its New Orleans office to the Pan American Life Center at 601 Poydras Street in New Orleans, Louisiana.
The company has moved from its former location at 615 Baronne Street—where Stirling Properties has been located for the past 25 years—and combined more than 30 employees, commercial brokers, and building management staff into one central office. Stirling Properties occupies more than 6,700 square feet of office space on the 27th floor of the Pan American Life Center.
“Stirling Properties is committed to the greater New Orleans area and business community, and we are expanding our presence in the market. New Orleans continues to be one of our most important areas for commercial real estate management, development, brokerage, and investment,” said Mike Bucher, Stirling Properties Vice President of Development. “Our new location will enable us to better focus on new business, as well as position us to recruit and retain the best talent New Orleans has to offer.”
“As part of Stirling Properties’ growth strategy, we are expanding into a larger space, located in the heart of the city—in a building that Stirling owns. It just makes sense,” said Marty Mayer, Stirling Properties President & CEO.
Stirling Properties acquired the Pan American Life Center in 2010, and currently manages the property. Earlier this year, plans ensued to transform the building into a mixed-use office and retail space, housing tenants such as Starbucks, Tsunami Sushi and Morris Bart, with additional occupants in the works.
For more information, visit stirlingproperties.com.
GNO, Inc. awarded the Mac Conway Award for Excellence in Economic Development by Site Selection Magazine
Site Selection Magazine awarded Greater New Orleans, Inc. (GNO, Inc.) the Mac Conway Award for Excellence in Economic Development. The Mac Conway Award for Excellence in Economic Development recognizes the top economic development agencies of the previous year in both metropolitan and micropolitan areas. The criteria used to select the recipients includes the total number of jobs created and the total amount invested as well as per capita investment and jobs created in the region. Site Selection also looks at unique ways economic development organizations are addressing critical issues in their communities.
A few of GNO, Inc. and the Greater New Orleans area successes:
- $4 billion in capital investments in 2015
- 1,988 new jobs created in 2015
- Knowledge industry jobs grew 37% in 2015
Congratulations to GNO Inc. for this prestigious and well- deserved honor! This award is yet another testament to the level of economic development, job creation and investment occurring in our 10-parish region.
GNO, Inc. was recognized along with 10 other groups in the nation. To see all the EDOs recognized, please read Site Selection’s article.
