Torchy’s Tacos and AT&T Store Headed to LSU’s Nicholson Gateway in Baton Rouge, Louisiana
LSU and Stirling Properties announced today that Torchy’s Tacos and AT&T will fill two more retail spaces in the university’s Nicholson Gateway Development, a mixed-use project located on a 28-acre site of the Nicholson Drive Corridor, between West Chimes Street and Skip Bertman Drive.
The two new tenants join anchor retailer Matherne’s Market, Wendy’s, Starbucks, Private Stock, Frutta Bowls, The Simple Greek and Baton Rouge General Express Care in the roughly 50,000-square-foot retail component of Nicholson Gateway. With the addition of these two tenants, all the first-floor retail space in the project is now fully leased.
Torchy’s Tacos, a popular Austin, TX-based taco chain, will open its first location in Louisiana in early 2020, occupying more than 4,000 square feet of space on the end cap facing Nicholson Drive. The fast-casual restaurant is known for its Tex-Mex-inspired menu, including a variety of unique tacos and signature cocktails. Torchy’s started in 2006 as a food truck and has since grown to more than 60 locations across Texas, Oklahoma, Colorado and Arkansas.
AT&T will fill 1,675 square feet of retail space next to The Simple Greek, facing Nicholson Drive. The mobile phone sales, service and accessories provider plans to open in January of 2020.
Stirling Properties’ commercial real estate advisors Rhonda Sharkawy and Dottie Tarleton worked with both tenants to secure locations in the retail development. An additional 11,000+ square feet of rooftop space is available for lease.
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 last fall, Nicholson Gateway includes 763 units of apartment-style housing for more than 1,500 students, with associated residential support spaces, such as lounge spaces, study areas, community gathering places. The project turned 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 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.
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.
Jimmy Maurin and Roger Ogden, Founders of Stirling Properties, Give Back to LSU
Five Louisiana State Univeristy (LSU) business students – David Harms, Raju Marasani, Sawyer Chauvin, Saban Sellers, and James Guinn – received the 2015 ICSC Foundation Maurin Ogden LSU Scholarship Award. Funded by Jimmy Maurin and Roger Ogden, founders of Stirling Properties, this annual scholarship is awarded to a select handful of EJ Ourso College of Business students with an interest in Commercial Real Estate. The award provides an all-expense-paid attendance to the ICSC RECon Convention in Las Vegas.
David Harms, one of the award recipients, delivered the opening remarks as part of the ICSC Foundation Gala held on May 17th at the Wynn Hotel & Casino in Las Vegas.
More specifically, this scholarship is awarded to students enrolled in Finance 7720, Commercial Real Estate Investing, at LSU. This course is offered in both Spring and Fall semesters at LSU and taught by adjunct instructor Justin Landry of Stirling Properties. Each year Stirling Properties chaperones the five LSU Award Recipients to the convention, offering the students valuable exposure to industry leaders and potential employers at the convention.
“We’ve had tremendous success over the past two years with this scholarship award, in fact a handful of students have received jobs as a result of attending the convention,” said Justin Landry, Asset/Finance Manager for Stirling Properties. “None of this would be possible without the generosity of Stirling’s original founders, Jimmy Maurin and Roger Ogden who fund the scholarship yearly. There are no two people more committed to LSU, real estate and education.”
For more information about Finance 7720 – “Commercial Real Estate Investing” and its objectives contact Justin Landry at jclandry@stirlingprop.com or LSU Department of Finance at finance@tigers.lsu.edu.
LSU Students attend ICSC RECon on Scholarship
Pictured (L-R): Justin Landry, Braden Eddy, John Woodard, Jimmy Maurin, Jeremy Lapeyrouse, Brian Brumfield, Kaylan Kuehler and Garrett Mickal
Jimmy Maurin and Roger Ogden, founders of Stirling Properties, have both always believed strongly in mentoring students interested in pursuing careers in real estate. This year, Jimmy and Roger started the 2014 Maurin Ogden LSU Real Estate Award, putting funds in a foundation with the International Council of Shopping Centers (ICSC) that will be used exclusively to better the real estate program at Louisiana State University (LSU).
Six LSU students – Braden Eddy, John Woodard, Jeremy Lapeyrouse, Brian Brumfield, Kaylan Kuehler and Garrett Mickal – were selected as the award’s inaugural recipients. The award covered their airfare, hotel and convention costs to attend the 2014 ICSC RECon in Las Vegas. At the convention, the students had numerous meetings with industry leaders, participated in business meetings at Stirling Properties’ booth, and networked with potential employers.
Justin Landry, Stirling’s Asset/Finance Manager, chaperoned the students on the trip. Justin teaches Finance 3900 (Commercial Real Estate Valuation) at LSU and all six of the students have taken his course.
Stirling Properties was happy to host the students in our booth and we wish them the best in their future endeavors.
IBM – What a Win for Baton Rouge!
IBM‘s recent announcement that they will open an 800-job technology center in downtown Baton Rouge is a HUGE game changer for Baton Rouge, LSU and Louisiana. Along with the new, well-paying, tech-sector jobs that IBM will bring, the state has committed to fund an expansion of LSU’s computer science program, which will help to provide a well-trained workforce. Additionally, a mixed-use building to be developed on the river and occupied by IBM will transform the skyline of downtown Baton Rouge.
This economic win would not have been possible without the hard work and collaboration between the Baton Rouge Area Chamber (BRAC), the City/Parish of East Baton Rouge, Louisiana Economic Development (LED), Louisiana State University, the Baton Rouge Area Foundation (BRAF) and others that played a key role in successfully luring IBM to Baton Rouge.
Read more details in BRAC’s Press Release and LED’s Press Release.
