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Jack Cooper
Jack Cooper
  • 1 Minute Read
  • 20th January 2014

Largest Class A office space in New Orleans hits market

The largest Class A office space in New Orleans' Central Business District (CBD) is now available to lease, according to Robert Hand, President of Louisiana Commercial Realty.

[caption id="attachment_16537" align="alignright" width="200"]Robert Hand, President of Louisiana Commercial Realty Robert Hand, President of Louisiana Commercial Realty[/caption]

Spread over four full floors at 1250 Poydras Street and comprising 75,000 square feet of serviced space, it is available for sublease until October 31, 2018.

"The space is strategically located in the center of all the new and exciting activity in downtown New Orleans. It is next door to Champion's Square and the Superdome, across the street from City Hall and the new $200 million dollar South Market mixed-use development, adjacent to the $275 million dollar Hyatt Hotel, on the new Loyola Avenue streetcar line and near the 45 story 1001 Howard | Plaza Tower $100 million dollar redevelopment. There's more activity in this area than anywhere else in downtown New Orleans," said Robert Hand.

Associate Broker Maria McLellan says, "There's nothing like it in New Orleans. All four floors are fully furnished, the space is in “move-in” condition, located in the same elevator bank with the highest security available, and comes with covered parking via a skywalk to the adjacent Hyatt Hotel. This space has over 200 private offices, 15 conference rooms, 28 storage rooms, kitchens, a data center, telecommunications room and its own backup generator."

The city has undergone something of a revival in recent years thanks to growth in the software and digital media industry. It remains an attractive city for company relocation thanks to tax incentives and a dynamic business environment.

“New Orleans has many of the things we need to build a center – a great location, talent, and an attractive business environment,” Brackett Denniston, GE’s senior vice president and general counsel, said.

Tax incentives include 35% rebate for digital media payroll and a 25% tax credit for hardware expenditures, according to a 2010 report by the Brookings Institution.


Quotes from PRWeb.