{"id":1004087919,"date":"2013-12-04T16:12:08","date_gmt":"2013-12-05T00:12:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=223927"},"modified":"2025-02-19T03:40:09","modified_gmt":"2025-02-19T11:40:09","slug":"stirling-properties-expands-holdings-in-united-plaza-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stirling-properties-expands-holdings-in-united-plaza-office-park\/","title":{"rendered":"Stirling Properties Expands Holdings in United Plaza Office Park"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>Stirling Properties has led a group of local investors in purchasing United Plaza VIII, a three-story Class A office building located in the United Plaza Office Park in Baton Rouge, La. Operating as Stirling Eight United Plaza LLC, the Stirling-led investment group, represented by Stirling Sales and Leasing Executive Scott Macdonald picked up the property from Wink United Plaza LLC in late November. The seller was represented by Branon Pesnell of Beaux Box, a Louisiana-based commercial real estate firm. The 52,606-square-foot office building is currently 91 percent leased. Stirling Properties has announced it will exclusively lease and manage the new asset.<\/p>\n

United Plaza VIII is Stirling\u2019s fourth asset in the office park. The company also owns United Plaza I, II and XII, totaling more than 500,000 square feet. Combined with the newest purchase, the company\u2019s United Plaza Office Park holdings boast an overall occupancy rate of 97 percent and are exclusively managed and leased by Stirling Properties.\u00a0 Executive Vice President of Stirling Propertie,s Grady Brame, described the purchase as a \u201ctremendous opportunity\u201d in a strong performing market, adding that \u201cthe acquisition \u2026 is an excellent investment \u2026 and demonstrates Stirling\u2019s commitment to Baton Rouge and our belief in the area\u2019s future growth.\u201d<\/p>\n

The acquisition price has not been disclosed. However, The Advocate<\/a> <\/em>reports that the purchase price included assuming two existing loans as well as other considerations. The same source also identified Willbros Engineering as the primary tenant of United Plaza VIII. \u00a0Stirling plans to rearrange the locations of certain tenants within the buildings it owns onsite.<\/p>\n

For further Baton Rouge market data, click here<\/a><\/em><\/p>\n

Image courtesy of Stirling Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Stirling Properties has led a group of local investors in purchasing United Plaza VIII, a three-story Class A office building located in the United Plaza Office Park in Baton Rouge.<\/p>\n","protected":false},"author":49,"featured_media":1004506826,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004087919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"\nStirling Properties Expands Holdings in United Plaza Office Park - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stirling-properties-expands-holdings-in-united-plaza-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stirling Properties Expands Holdings in United Plaza Office Park\" \/>\n<meta property=\"og:description\" content=\"Stirling Properties has led a group of local investors in purchasing United Plaza VIII, a three-story Class A office building located in the United Plaza Office Park in Baton Rouge.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stirling-properties-expands-holdings-in-united-plaza-office-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-05T00:12:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/United-Plaza-Office-Park.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Stirling Properties Expands Holdings in United Plaza Office Park\",\"datePublished\":\"2013-12-05T00:12:08+00:00\",\"dateModified\":\"2025-02-19T11:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/\"},\"wordCount\":284,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/United-Plaza-Office-Park.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stirling-properties-expands-holdings-in-united-plaza-office-park\\\/\",\"name\":\"Stirling Properties Expands Holdings in United Plaza Office Park - 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