Stirling Properties Expands National Property Management Footprint
Awarded management contracts for three retail properties in Mississippi & Ohio.
Stirling Properties was recently awarded the property management duties for three retail properties in Mississippi and Ohio.
Kings Crossing is a 116,952-square-foot Kohl’s shadow center located at 3980 N Gloster Street in Tupelo, Mississippi. The center is 97% occupied with a lineup of national/regional tenants, including Petco, Five Guys, Five Below, Kirkland’s, Ross Dress for Less and others.
Wadsworth Crossing I & II are adjoining retail centers located at 1183 Williams Reserve Boulevard in Wadsworth, Ohio, totaling 63,328 square feet. The centers are shadow-anchored by Target, Lowe’s and Kohl’s and feature a diverse tenant mix. They are currently 95% leased, including Petco, Verizon, Beef O’Brady’s, Wayback Burgers, Mattress Firm and more.
“Stirling Properties is proud to assume the management duties of these high-performing retail properties and looks forward to working with their ownership teams to create added value for their assets. We are also excited to further grow our commercial portfolio and management services on a national level,” said Donna Smith, Executive Vice President with Stirling Properties.
Stirling Properties owns and manages 20.5 million square feet of commercial real estate across the country, including office, retail, industrial, healthcare, residential and mixed-use properties.
For property and asset management information, contact Donna Smith at (985) 246-3758 / dsmith@stirlingprop.com.
Stirling Properties Awarded Management Contract For Pine Tree Plaza In Picayune and Handsboro Square In Gulfport, Mississippi
Pine Tree Plaza
Stirling Properties commercial real estate company was recently awarded the management contract for Pine Tree Plaza in Picayune, Mississippi. Stirling Properties handles leasing opportunities for the center and will now take on daily management.
Pine Tree Plaza is a 99,080-square-foot single-story, multi-tenant, neighborhood shopping center located at the southwest corner of Memorial Boulevard and Elm Street in Pearl River County. The property is well located, approximately 60 miles northwest of Gulfport Airport, 75 miles northwest of Biloxi, and 45 miles northeast of New Orleans, and serves all of Pearl River County, as well as portions of Hancock County, St. Tammany Parish and Washington Parish.
The center is currently 100% leased with a great mix of established local and national retailers. One retail space will be available soon. Tenants include Dirt Cheap, Fred’s Super Dollar, Aaron’s, Subway, Studio Nails, Factory Connection, Tower Loans, Little Caesars, Central Financial Services, Jackson Hewitt, Curves, Golden Dragon Buffet, Burger King, and Popeyes.
Handsboro Square
Stirling Properties was also awarded the management contract for Handsboro Square in Gulfport, Mississippi. Stirling Properties handles leasing opportunities for the center and will now take on daily management.
Handsboro Square, anchored by Rouses Food Market, is a 156,544-square-foot community strip shopping center located at 1307-1355 East Pass Road in Gulfport, Mississippi. The center is well maintained with a great anchor offering ample parking and high visibility.
The retail center is currently 44% occupied and retail space is available. Tenants include Rouses Food Market, Rent-A-Center, Panda House, Wing Stop and Golden Nails Spa. Plans are underway to actively seek new tenants to further develop a variety of retail and restaurant options.
“Stirling Properties is thrilled to add these properties to our growing management portfolio, and we look forward to providing the Picayune, Gulfport and surrounding areas with great shopping and dining opportunities,’ said Charles Barclay, Stirling Properties Assistant Asset Manager.
Stirling Properties has been at the forefront of commercial real estate management, investment and development in Mississippi and the Gulf South region, and is committed to bringing quality development and retailers to the area.
Stirling Properties currently manages more than 17 million square feet of property, with close to 100 million square feet of property and land for sale or lease, almost exclusively in Louisiana. Other Stirling Properties management and development projects in Mississippi include, Commodore Plaza Shopping Center (Gulfport), Turtle Creek Shopping Center (Hattiesburg), Westland Plaza (Jackson) and Crossgates Shopping Center (Pearl), just to name a few.
For leasing or sales information for Pine Tree Plaza, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com. For asset management information, contact Charles Barclay at (985) 898-2022 or cbarclay@stirlingprop.com.
For leasing or sales information for Handsboro Square, contact Justin Toomey at (251) 342-7229 or jbtoomey@stirlingprop.com. For asset management information, contact Charles Barclay at (985) 898-2022 or cbarclay@stirlingprop.com.
Stirling Properties Announces Largest Retail Acquisition in Company History
Stirling Properties is pleased to announce the purchase of Turtle Creek Crossing shopping center in Hattiesburg, Mississippi, on Friday January 22nd, 2016, at a purchase price of $48.1 million. Turtle Creek Crossing is the largest retail acquisition by Stirling Properties in its 40-year history.
Completed in 2007, the 295,000-square-foot shopping center is located on US Highway 98 in Hattiesburg adjacent to Turtle Creek Mall, and shares a lighted intersection with Sam’s and Walmart Supercenter. Anchor tenants include Ashley Furniture, Bed Bath & Beyond, Ross Dress for Less, Old Navy, Books-A-Million and PetSmart. Shadow anchors include Academy, Target and Kohl’s.
“Located in the markets’ dominant retail corridor, this center is very similar to several others that Stirling Properties has developed over the past 15 years,” said Jeffrey Marshall, Senior Vice President – Acquisitions/Finance with Stirling Properties. “We are confident that Turtle Creek Crossing will perform well for many years to come, and provide top-notch shopping, retail and economic opportunities to the area.”
Stirling Properties is one of the most diversified full-service commercial real estate companies in the country offering Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types.
In 2010, Stirling Properties strategically focused our attention toward commercial property acquisition and creating opportunities to return-driven investors seeking to put capital into real, tangible property across the Gulf South.
“We identify assets—such as Turtle Creek Crossing—that offer stabilized current risk-adjusted returns where we can add value to improve performance. Our proven track record in acquisitions, and our in-depth understanding of market dynamics along with the positioning of assets within the market, enables us to create opportunities that others cannot,” concludes Marshall. “We are excited and optimistic—not just for Turtle Creek Crossing—but about the future growth of Hattiesburg and the entire South Mississippi region.”
For more information regarding our services, please visit us at www.stirlingproperties.com.
Stirling Properties Announces Opening of New Walgreens in Gulfport, MS
Stirling Properties is pleased to announce the opening of a new full-service Walgreens drugstore in Gulfport, Mississippi, located at the intersection of Pass Road and Interstate 49 at the location of the former Gulfmart Shopping Center. The 13,650 square-foot store has a drive-thru window and full service pharmacy and will serve as a catalyst for future retail development of that corridor. Stirling Properties provided development services, including lease negotiation, financing, and project management, to a third party owner of the property.
As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long-standing relationship with the retailer. “Our team has been working successfully with Walgreens for the past 10 years and has delivered over 25 stores with many more in the pipeline”, said Peter Aamodt, Vice President of Development for Stirling Properties. “Stirling is committed to finding new development opportunities for all of our retail clients in the Gulf South.”
For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.
Stirling Properties to Develop Full-Service Walgreens Drugstore on New Orleans Westbank
Stirling Properties is pleased to announce the development of a new full-service Walgreens drugstore in Terrytown, Louisiana on the Westbank of New Orleans. The proposed Walgreens will be located at the intersection of Terry Parkway and Carol Sue Avenue on the site of the former A&P Grocery/Eckerd Drug anchored shopping center. The new store will be a relocation of the existing Walgreens located across Terry Parkway. “This project represents a cooperative effort between Stirling Properties and Jefferson Parish to bring back a distressed commercial property to prominence once again as a viable retail corner that will serve the people of Terrytown”, said Peter Aamodt, Vice President of Development for Stirling Properties.
The larger 17,384 square foot store will have a drive thru window and full service pharmacy and will serve as a catalyst for future development to help revitalize an aging retail corridor. Construction on the Terrytown store is slated to begin in April and open in the fourth quarter of 2013. Stirling is providing pre-development services, including lease negotiation, permitting, financing, design, as well as construction and project management.
As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long-standing relationship with the retailer. Construction is currently underway on two other Stirling Properties Walgreens developments located on Magazine Street in New Orleans, Louisiana, and on Pass Road in Gulfport, Mississippi.
For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.
Stirling Properties to Develop Full-Service Walgreens Drugstore in Gulfport, MS
Stirling Properties is pleased to announce the development of a new full-service Walgreens drugstore in Gulfport, Mississippi. The proposed Walgreens will be located at the intersection of Pass Road and Interstate 49 at the location of the former Gulfmart Shopping Center. Stirling Properties is providing development services, including lease negotiation, financing, and project management, to a third party owner of the property.
The 13,650 square-foot store will have a drive-thru window and full service pharmacy and will serve as a catalyst for future retail development of that corridor. The Gulfport store is slated to begin construction in January and open in the third quarter of 2013.
As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long standing relationship with the retailer. “Our team has been working successfully with Walgreens for the past 10 years and has delivered over 25 stores with many more in the pipeline”, said Peter Aamodt, Vice President of Development for Stirling Properties. “Stirling is committed to finding new development opportunities for all of our retail clients in the Gulf South.”
For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.
