Stirling Properties Develops New Ochsner Kidney Care Clinics Across GNO Area
Through a joint venture of Ochsner Health and National Renal Care (NRC), Stirling Properties is developing four Ochsner Kidney Care clinics across the greater New Orleans area. The clinics are new-to-market for Southeast Louisiana and expand healthcare service offerings for Ochsner Health and its patients. The facilities vary in size from 6,000-11,000 square feet, providing comprehensive, coordinated kidney care and dialysis services.
The first location, Ochsner Kidney Care – Jefferson Highway, is now open to Ochsner patients. Located at 320 Maine Street, the stand-alone facility is a ground-up development and occupies 10,898 square feet of space adjacent to Ochsner Rehabilitation Hospital. This is the first joint venture of its kind in the region.
Three additional clinics are under construction and are expected to open between June and December of 2021:
- Ochsner Kidney Care – Algiers (4001 General De Gaulle Dr., New Orleans)
- Ochsner Kidney Care – Marrero (1201-1219 Barataria Blvd., Marrero)
- Ochsner Kidney Care – Metairie (4300 W. Esplanade Ave., Metairie)
Stirling Properties is serving as the developer on the projects as part of the company’s further expansion of healthcare real estate services. “Stirling Properties is proud and thankful to continue our partnership with Ochsner Health System. Our extensive commercial background and translatable skillset allow us to bring value to our healthcare clients and projects. As the demand for new medical services increases, so are our service lines to meet those local needs,” said Townsend Underhill, President of Development for Stirling Properties.
RED is serving as the architect on the projects. MAPP is the General Contractor, and Duplantis Design Group is the Civil Engineer.
Ochsner and NRC formed Ochsner Kidney Care, which will deliver a holistic approach as part of a new standard of care for people living with kidney disease. The new Ochsner Kidney Care centers, under the direction of the Ochsner Nephrology team, will provide comprehensive kidney care and long-term disease management for improved quality of life.
Stirling Properties and Ochsner Health System have previously worked together on the newly constructed $100+ million Ochsner Medical Complex – High Grove development in Baton Rouge, Ochsner Rehabilitation Hospital in Jefferson, the state-of-the-art Emergency Department and Imaging Center in LaPlace, Louisiana, and Ochsner Northshore Medical Complex (former Louisiana Heart Hospital) in Lacombe, St. Tammany Cancer Center in Covington, and countless other projects across Lousiana.
Ochsner LSU Health Shreveport Announces Plans for Former Christus Schumpert Hospital Site
Stirling Properties to handle project management, leasing and property management of the project.
Ochsner LSU Health Shreveport recently announced a major renovation and opening of a new healthcare facility at Margaret Place Properties located at 1 Saint Mary Place in Shreveport, Louisiana. The 860,000-square-foot property is the former Christus Schumpert Hospital site that mostly shuttered in September of 2013. It includes the hospital, several medical office buildings and a parking garage.
Stirling Properties is working in partnership with a joint venture between Ochsner and LSU Health Shreveport to manage the rehab construction, assist with leasing of the medical space and handle daily management of the property. In this role, Stirling Properties is responsible for plant operations and maintenance, space planning, working to identify best uses and future resources for the campus and will serve as the on-site property management and leasing office.
Ambulatory Surgery Center Rendering by WHLC Architects
The new healthcare campus will offer state-of-the-art patient care through multiple clinics, operating rooms, and laboratory and diagnostic imaging services (follow the link for more details on anticipated services). It will open in phases throughout 2019, with the first clinic scheduled to open in May.
Plans for further expansion by Ochsner LSU Health Shreveport in the Margaret Place campus are underway with additional project announcements forthcoming.
“Stirling Properties is proud to be a part of this significant project with Ochsner LSU Health Shreveport, and to help put this building back into commerce to serve the Shreveport-Bossier community,” said Townsend Underhill, President of Development with Stirling Properties. “The demand for healthcare real estate services is strong in the Gulf South market as local healthcare providers focus on improved customer experience and more efficient operations. We anticipate this trend to continue and we are working closely with our clients to provide strategic real estate services.”
Stirling Properties is thankful for its continued partnerships with Ochsner. The two companies have previously worked together on the recently constructed $100+ million Ochsner Medical Complex – High Grove development in Baton Rouge, an Ochsner rehabilitation hospital on Ochsner’s Main Campus West in Jefferson, the state-of-the-art Emergency Department and Imaging Center in LaPlace, Louisiana, as well as working to put the former Louisiana Heart Hospital in Lacombe back into commerce.
For leasing information on Ochsner LSU Health Shreveport, contact Krystal Atkins with Stirling Properties at katkins@stirlingprop.com or (318) 401-7865.
President’s Message: A dog and a birthday celebration.
No, this is not the punchline for a corny joke. These two things have special significance in 2018. They are both symbolic of an exciting and momentous year to come for our company, our region, and our industry. Let me explain.
According to the Chinese Zodiac, 2018 is the Year of the Dog. The Chinese regard the dog as an auspicious animal, and even more encouraging is its characteristic word: Action! Being proactive is essential in keeping up with the change of today’s fast-paced landscape.
As for the birthday, the City of New Orleans is celebrating its Tricentennial Anniversary this year. In typical New Orleans style, there are many festivities planned throughout the year. (More to come.) However, the 300th Anniversary is more than just a party. It’s a celebration and reflection of the past, present, and future of New Orleans and our region as a whole. The Crescent City has quite a unique and colorful history and has undergone tremendous transformation to reestablish itself over the years. Recently, New Orleans has become one of the most remarkable comeback stories in our nation.
Stirling Properties is entering our 43rd year in business. (In dog years, that’s 301 years.) Much like the City of New Orleans, we too have transformed dramatically from where we started to where we are today. The speed of change—mostly resulting from technological advancements—is tremendously affecting not only our business but our entire lives. To me, the pace seems to be moving in dog years. It’s accelerating 7x over what we’ve witnessed in the past! We must learn to adapt to keep stride.
As evidence to our transformation and evolution as a company, last year, we celebrated many major achievements, including our expansion into the healthcare real estate sector, increasing our portfolio to more than 17.8 million square feet of property, and growing our footprint in the Gulf South region.
In 2017:
Stirling Properties acquired the shuttered Louisiana Heart Hospital in Lacombe, Louisiana, out of bankruptcy. We partnered with Ochsner, St. Tammany Parish Hospital, and Slidell Memorial Hospital to repurpose the 205,000-square-foot facility as a post-acute care hospital offering a variety of services including long-term acute care, skilled nursing, and inpatient & outpatient rehabilitation. Anticipated reopening date is in the 3rd quarter of 2018.
We are developing a new Ochsner medical facility at The Grove in Baton Rouge, Louisiana. The $105 million project includes a new 5-story, 206,510-square-foot medical office building and ambulatory surgery center. Stirling Properties is also overseeing a $15 million off-site infrastructure package as part of the project. The clinic will be located along the 1-10 Bluebonnet/Siegen corridor and is expected to open in early 2019.
Stirling Properties served as the landlord representative in the lease with DXC Technology for multiple floors of office space at the Freeport McMoRan Building in New Orleans, Louisiana. The company will initially occupy two floors of the building beginning in January, with future options to lease up to 10 floors representing a total of 178,000 square feet.
The Freeport McMoRan Building will be the permanent operations for DXC Technology’s new Digital Transformation Center in New Orleans, where the company will eventually employ 2,000 professionals. This is the largest economic development deal in the history of Louisiana, and #2 “Deal of the Year” nationally by Business Facilities magazine. The project has been in the works for more than 18 months and was heavily competed for, but New Orleans emerged as the front-runner beating out great cities across the country.
We completed the first phase of the Offices at River Chase in Covington, Louisiana. Located at the southwest corner of Brewster Road and Stirling Boulevard, Phase I includes a Class-A, two-story, 45,000-square-foot office building positioned on 3.5 acres. We also welcomed our first tenants to the space, including Duplantis Design Group and Liberty Mutual.
Just a few weeks ago, in a joint venture with Ochsner Clinic Foundation, we closed on the acquisition of a new rehabilitation hospital in Jefferson, Louisiana. The five-story, 129,875-square-foot medical building will house long-term acute care, inpatient rehabilitation, and a skilled nursing facility.
All of these ventures represent new milestones for Stirling Properties, which we were able to achieve because we altered our strategies and adapted to meet the demands of our industry. This allowed us to take advantage of innovative opportunities that presented themselves. We managed to translate our more than four decades of experience, combined with our talented team, to be successful.
In the same vein, the commercial real estate industry is currently undergoing a radical transformation. The bulk of this change can also be attributed to the fast-paced advancements in technology and digital platforms. Undoubtedly, as we move forward, technological innovation will continue to play a huge role in reshaping our business. Again, we must adapt to survive. As they say, old dogs need to learn new tricks!
2018 is going to be an exciting year. We’re eagerly anticipating the Tricentennial Celebration and the Year of Action (Dog). Stirling Properties is looking forward to new projects in the pipeline, and I’m confident that even more unforeseen prospects will arise that will require the same type of action and flexibility.
Happy New Year,
Stirling Properties Acquires $59.7M Rehab Hospital In Joint Venture With Ochsner
Stirling Properties, in a joint venture partnership with Ochsner Clinic Foundation, has closed on the acquisition of the new Ochsner rehabilitation hospital located at 2614 Jefferson Highway in Jefferson, Louisiana.
This new addition to Ochsner’s Main Campus West is a five-story, 129,875-square-foot medical building. It will house three separate high-demand healthcare components, including Long Term Acute Care, Inpatient Rehabilitation, and a Skilled Nursing Facility. Ochsner will be the primary operator in the new building, along with Select Medical and LHC Group.
Construction started on the development in early 2017, and building and site work is now complete. The facility plans to open by the 2nd quarter of 2018.
The total project cost was $59,775,000. IBERIABANK provided the debt financing.
This acquisition further solidifies Stirling Properties’ commitment to growth in the Gulf South region and our diversification into the healthcare real estate sector. We have recently partnered with some of our region’s top medical providers on a diverse range of projects.
Our company’s ability to provide a full continuum of services, including development & redevelopment, commercial brokerage, acquisition & investment, and asset management services uniquely positions us in the rapidly expanding healthcare industry. We will continue to grow our portfolio and garner a wealth of experience with a wide array of healthcare properties, designs, and uses.
To learn more about Stirling Properties’ Healthcare Real Estate Portfolio, click here or visit stirlingprop.com.
Ochsner Health System Announces Plans to Lease Former Louisiana Heart Hospital Property
Today, Ochsner Health System announced its plans to lease the former Louisiana Heart Hospital property in Lacombe, Louisiana. Stirling Properties acquired the 25-acre site earlier this month.
An official ceremony was held with Honorable Pat Brister, St. Tammany Parish President; Warner Thomas, President & CEO of Ochsner Health System; Patti Ellish, CEO of St. Tammany Parish Hospital; Bill Davis, CEO of Slidell Market SMH-Ochsner Partnership; Townsend Underhill, Sr. VP of Development for Stirling Properties; and St. Tammany Parish Council members and dignitaries.
Working together with each of its partners, St. Tammany Parish Hospital and Slidell Memorial Hospital, Ochsner plans to repurpose the building to open a Post-Acute Care Hospital to include long-term acute care, skilled nursing, and inpatient rehabilitation services in one convenient St. Tammany location. This effort will also result in job growth and expanded administrative services in the region by opening a dedicated North Shore Service Center.
“We are excited that this facility will once again be opened and provide much-needed medical services for our residents as well as jobs for our local healthcare workforce,” said President Brister. “We appreciate Ochsner’s commitment to St. Tammany Parish, and we look forward to another leading-edge healthcare facility, providing high-quality medical care.”
Townsend Underhill participated in the announcement to underscore Stirling Properties’ focus and commitment to St. Tammany Parish and the entire Gulf South region.
Stirling Properties has invested more than $350 million in St. Tammany and currently owns and operates 4 million square feet of commercial property, with assets throughout the parish—generating significant economic development opportunities, revenue, and job growth for the area and residents. Major projects in the parish include Northpark Corporate Center I & II in Covington, Premier Centre in Mandeville, Stirling Slidell in Slidell, River Chase in Covington, and Fremaux Town Center in Slidell, just to name a few.
In addition to growing its development and brokerage services, Stirling Properties is focused on acquisition and investment projects. The recently closed Louisiana Heart Hospital facility provided the company a chance to invest in a vital property and help to return it to commerce.
“This acquisition also provided us another opportunity to grow and diversify our portfolio as part of Stirling Properties’ overall growth strategy into new commercial real estate sectors within our existing footprint,” said Underhill. “Need and demand in the medical industry are growing, and so are our service lines to meet these local needs.”
Stirling Properties is thankful for its continued partnerships with Ochsner. The two companies have previously worked together on the recently announced $80 million medical clinic and micro hospital at The Grove in Baton Rouge as well as the recently completed and soon to open state-of-the-art Emergency Department and Imaging Center in LaPlace.
Stirling Properties looks forward to announcing future projects in the medical industry—and continuing to serve the commercial real estate needs of the Gulf South region.
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.
