Real Estate Trends 2015

REAL ESTATE TRENDS 2015 BUILDING BOOM New Orleans’ downtown has already seen an unprecedented influx of development activity, and the trend is poised to continue into 2016 and beyond.

INSIDE • Lafitte Greenway activates Mid-City • Major North Shore projects take shape

REAL ESTATE TRENDS 2015 INSIDE: Downtown enjoying fruits of a building boom 3

Properties with potential: Real estate to watch in 2016 and beyond 6

Lafitte Greenway helping to activate Mid-City development 12

Slumping oil prices have slowed, The COMMERCIAL INVESTMENT DIVISION not hurt major North Shore projects 22 of the New Orleans Metropolitan Association of REALTORS®

congratulates its Achievement Award winners - LISTS Top Commercial Real Estate Producers of 2014 CBD 5 1st Row: Mary G. Carrone, CCIM, Judy Slack, Kirsten E. Early, CCIM, Center City 13 Metairie/East Jefferson 15 Jennifer A. Lee, CCIM, SIOR, Lucy Chun, Rhonda Sharkawy, Eastern New Orleans 19 Cathy McGehee, CCIM, Colleen Kuebel Berthelot, CCIM, SIOR Kenner 21 North Shore 22 2nd Row: Martin O. Miller III, CCIM, Paul Richard, West Bank 26 David B. Quinn, SIOR, Joseph G. Gorman III, CCIM, Bob Fraiche, Commercial property managers 27 Steven R. Reisig, CCIM, Michael Allain, Richard F. Jeansonne, Commercial leasing companies 28 Scott Graf, Austin Lavin, Barry H. Spizer, CCIM, Richard Stone, CCIM, Flex space 29 Herbert F. Duvic, CCIM, SIOR, Gaines Seaman Shopping centers 32 Warehouse space 38 3rd Row: George Joe Gardner IV, CCIM, James Barse, CCIM, SIOR, The data published in Real Estate Trends Robert Hand, CCIM, SIOR, A. Ben Derbes, CCIM, is compiled throughout the year by the R. Michael Wilkinson, Skip Weber, CCIM, CityBusiness research department. Richard E. Judge, CCIM, SIOR, Jonathan Shaver, CCIM, Published by the NOPG LLC 3445 North Causeway Blvd., Daniel P. Poulin, CCIM, SIOR Suite 901, Metairie, La. 70002 504-834-9292 Winners not pictured: Stephanie Dimak Boyd Stephanie Hilferty Publisher: Lisa Blossman Editor: Natalie Chandler Sandra Corrigan, SIOR Andrea Arons Huseman, CCIM Managing Editor: Robin Shannon Duff Friend, SIOR Schaffer Mickal Account Executives: Liz Baldini, Jennifer Forbes, Cassie Foreman, Coco Evans Judd Trimble Green Charles Mullin Designer: Maura Wery Gerard E. Henry, SIOR Sandy Preston Market Researcher/Reporter: Valerie Huntley Keith G. Henry, SIOR Robert K. H. Stevens www.nomarcid.org • 504.885.3200

Real Estate Trends 2015 1A ______985-626-4431 • DonahueFavret.com

2A New Orleans CityBusiness • November 27, 2015 DOWNTOWN ENJOYING FRUITS OF A BUILDING BOOM

Robin Shannon [email protected] While floodwaters from breaches in the city’s storm protec- tion system inundated entire neighborhoods in the aftermath of Hurricane Katrina, New Orleans’ Central Business District and downtown corridor were left relatively unscathed. But in the immediate wake of the storm, tremendous doubt lingered as to whether the city – including the high and dry downtown – could ever have a legitimate future. A decade later, those fears continue to exist for various pockets of the city, but for the blocks that crisscross the CBD, Warehouse District and upper Canal Street, interest in development has never been higher. As much as $3 billion in private money has been injected into real estate projects within the borders of the Downtown Development District. Those funds, coupled with an influx of state and federal redevelopment tax credits for historic proper- Contractors continue progress on the Beacon, the third ties, have helped developers find new uses for older properties. building in the $250 million South Market District, one Worn down hotels are having new life breathed into them, stag- of several ongoing developments in the Central Business ROBIN SHANNON District. nant office towers have been revamped into trendy apartments Select Properties, Ltd.

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Real Estate Trends 2015 3A DOWNTOWN and condominiums, new restaurants and The result has been creation of a bona the city has experienced a transition historic renovation tax credits offered retail shops now line streets that in the fide neighborhood of more than 5,100 from a local lodging market to an insti- on buildings beyond 50 years of age. In past would become ghost towns after people and a broad spectrum of addi- tutional lodging market involving pub- a city like New Orleans, where the past 5 p.m. tional amenities. licly traded or privately owned real estate is as valuable as the future, preservation Combine that with government “When you start seeing more resi- investment trusts. He said investment becomes imperative. in CBD hotels has grown from 25 to 30 “It’s not easy doing these projects,” projects that include a new University dential rooftops, it opens the door for other new businesses being there,” percent institutional to now nearly 80 Schedler said. “You need an entrepre- Medical Center and Veterans Affairs percent institutional. neurial eye, but you need someone who Hospital, and other expenses tied to Schedler said. “Investors are seeing brick and mortar development as more “The big players in the industry wants to do what it takes to maintain the development, and the investment dou- prudent investment than the stock mar- were not here five to seven years ago,” historic face.” bles to $6 billion. It has created a con- ket.” Wormser said. “They cannot afford to New Orleans developer and architect struction boom that is unprecedented Those investors have also cast their lose money on deals in this market, so Marcel Wisznia, who spearheaded some within the confines of the city. eyes on the city’s stock of hotels, which they would not be here if they were not of the first new office to residential con- “I think what we are seeing right have become a hot commodity in recent bullish on New Orleans.” versions after the storm, said the credits now would have eventually happened months, as several major properties have Wormser said a lack of available land primed that downtown evolution. even without the storm,” said Larry changed hands. Buildings that haven’t to build on, coupled with a diminish- “It’s more expensive to renovate an ing stock of buildings suitable for reno- existing historic building that it is to Schedler, a residential real estate broker been claimed by residential developers are now becoming top candidates for vation, has contributed to tremendous tear down and start new,” Wisznia said. who runs a firm specializing in the sale of growth in revenue per available room, or “The credits level the playing field.” large apartment complexes. “Office-to- new hotel rooms in an effort to satisfy the city’s growing demand. RevPAR, a valued performance metric “When you look at the way we view residential conversions were happening “The hotel market in the CBD has in the hotel industry. our city after the storm, we knew we had well before the storm. What Katrina did reached equilibrium when it comes to “We have seen a more than 50 per- to create places for people to live safely. was accelerate the inevitable. Buildings buying an existing hotel versus build- cent increase in RevPAR since 2005,” Living off the ground is the way to do downtown pegged for development ing from the ground up,” said Lenny Wormser said. “The price per room is a that.” were just no longer useful as office space Wormser, managing director of the hos- reflection on the limited amount of new Wisznia said with most of the qual- and interest in living downtown has pitality division at NAI Latter and Blum. supply in the city, but it shows there is ified buildings already spoken for, the grown exponentially.” “You can buy a property for as much as more faith in the market. It will lead to challenge now lies in waiting for that additional growth.” new crop of buildings to hit the 50-year Schedler said both local and national it would cost to build, so investors are doing what they can with what is avail- Much of the activity happening in threshold. players have taken advantage of robust the urban core of the city wouldn’t be “There is still an inventory of build- funding for multi-family development. able in the market.” Wormser said over the past 10 years, possible if not for the state and federal ings that are right on the cusp,” he said.

4A New Orleans CityBusiness • November 27, 2015 Central Business District

ranked by total leaseable square feet

Bruce Sossaman One Shell Square Corporate Realty 701 Poydras St. 219-5842

1,004,484 95 percent $20-$21 1985/ongoing 52 24,633

Bennett K. Davis Place St. Charles Corporate Realty Inc. 201 St. Charles Ave. 582-1416

761,500 91 percent $19.50 1984/2008 39 14,910

Meg Carrone Energy Centre Corporate Realty 1100 Poydras St. 569-2052

671,883 87 percent $19 1980 28 38,160

Gaines Seaman Pan-American Life Center Stirling Properties 601 Poydras (985) 898-2022

630,581 83 percent $18.50-$19.50 prsf. 1979/2008 32 50,000

Andrea Huseman One Canal Place Corporate Realty Inc. 365 Canal St. 5045871450

606,608 85 percent $20 1983 33 22,594

Cres Gardner 400 Poydras Tower Beau Box Commercial 400 Poydras St. Real Estate 799.3119

N/A=not applicable/not available. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 5A REAL ESTATE TO WATCH IN 2016 AND BEYOND RENDERING COURTESY CARPENTER AND CO.

Robin Shannon [email protected] With the revitalization of old office shells into Louis Gates Jr. and Tulane University professor research tenants and a tower-like structure offering new residential buildings, the refurbishment of worn Lawrence Powell. The project is on track to start views of the river. The first step in the overarching plan down hotels into sleeker lodging properties, and construction by the first quarter of next year. The was executed in May, when the convention center’s the construction of a pair of new hospital complex- hotel and residences are slated to open in early governing board approved a resolution to begin con- es, New Orleans’ downtown has already seen an 2018 in time for the city’s 300th anniversary cele- struction of a $65 million linear park along Convention unprecedented influx of development activity. The bration. Center Boulevard from Poydras to Henderson Streets. trend is poised to continue into 2016 and beyond. The park would create a pedestrian-friendly corridor The following is a look at seven major projects on 2. CONVENTION CENTER with outdoor meeting space, green areas and “people the horizon: movers” that would help get convention-goers where “TRADE DISTRICT” The Ernest N. Morial Convention Center is looking they need to be, but that plan has drawn resistance 1. WORLD TRADE CENTER to build what amounts to a new riverfront neighbor- from Mayor Mitch Landrieu’s office due to traffic After struggling for nearly two decades to seal hood on a roughly 47-acre tract of land upriver from concerns. deals with potential developers, the city of New the facility. The property had previously been pegged Orleans appears to have finally landed a suitor to for additional exhibition space for the center, but plans 3. SOUTH MARKET DISTRICT revitalize the former World Trade Center at the were shelved following Hurricane Katrina. The plan, The developers behind the $250 million South foot of Canal Street. The development team of announced last year, includes investment of $150 Market District in the Central Business District have Carpenter & Co. of Cambridge, Massachusetts and million to improve infrastructure in an effort to attract announced plans to add a fourth building to the grow- New Orleans-based Woodward Interests recently private developers who would spend as much as ing downtown residential and retail development. signed agreements with investors to allow a $364 $700 million on assorted amenities. The convention The Domain Companies said in July that it plans to million redevelopment of the 33-story, city-owned, center solicited developers for ideas last summer and begin construction in 2016 on a 15-story, 89-unit X-shaped tower into a Four Seasons Hotel to move is now in talks with a joint team that includes Howard condominium property known as The Standard. The forward. The proposal, which is described as the Hughes Corp. and local developers Darryl Berger building will be at least twice as high as the three largest privately funded real estate investment in and Joe Jaeger. Their proposal includes a more than other South Market District properties and will include the city’s history, includes a 350-room hotel, 76 1,200-room convention center headquarters hotel, about 24,000 square feet of ground floor retail space hotel-serviced residences, two restaurants, new more than 1,400 residential units including townhous- along Julia Street, South Rampart Street and O’Keefe urban green spaces, a public observation deck and es, apartments, condos and skylofts, a riverfront build- Avenue. It will be the first building in the project to offer a New Orleans historical and cultural attraction with “for sale” residential units. Completion is slated for PROPERTIES WITH POTENTIAL ing with 250,000 square feet of retail and restaurant guidance from Harvard University professor Henry space, a cultural campus with higher education and 2017. Meanwhile, the 210-unit Paramount apartment 6A New Orleans CityBusiness • November 27, 2015 PROPERTIES WITH POTENTIAL

RENDERING COURTESY MORIAL CONVENTION CENTER PHOTO BY ROBIN SHANNON PHOTO BY ROBIN SHANNON 6

2 5

RENDERING COURTESY THE DOMAIN COS. PHOTO BY ROBIN SHANNON 3 7

RENDERING COURTESY KAILAS COS.

1 4

building, which opened late last year, is now fully leased. A were discovered in the building. In 2008, the property 435-space parking structure with ground floor retail was also 5. CHARITY HOSPITAL underwent a $12 million remediation project in which With more than 999,000 square feet of empty space, completed earlier this year and is fully leased. Construction on the building was stripped down to its shell. It was later the former Charity Hospital stands as one of the final major the Beacon, a 172,000-square-foot, seven-story building with sold at auction in 2011 for $650,000. In the fall of pieces of vacant real estate in the Central Business District, 114 apartments, is about 50 percent complete and pre-leasing 2014, Jaeger purchased the property for an undis- but an invigorated push by the state could finally resuscitate should begin later this year. closed amount, reigniting talk of a possible residential or the Art Deco landmark. The state is currently reviewing five hospitality conversion. A representative for Jaeger said proposals from local and national investors interested in at the time that the building was being “put into inven- redeveloping the mammoth former hospital complex along 4. 1031 CANAL ST. tory” and no immediate plans for redevelopment have Tulane Avenue that was abandoned in the aftermath of A spot once home to the historic Woolworth’s department been laid out, but as growth along the Loyola Avenue Katrina. Three of the five proposals include a combination of store is set to become a long-awaited but controversial luxury corridor continues it is likely that a project will materialize residences, retail/commercial/medical space and parking. A residential high-rise development. In October, contractors began as the building is nearing the 50-year threshold to allow for fourth proposal calls for turning it into a facility for the mentally tearing down the 1940s-era, two-story building at 1031 Canal historic redevelopment tax credits. St. to make room for a 17-story apartment and retail complex. ill. The state’s intent is to either sell the property or to enter The $70 million development includes 240 apartment units in the into a long-term cooperative endeavor agreement that would top 10 floors with penthouses on the top two levels. The bottom include a public-private partnership. The historic 20-story 7. MARKET STREET POWER PLANT two floors will be reserved for more than 60,000 square feet of limestone building was completed in 1939 under Gov. Huey Another landmark vacant property that sits in the hands retail space and a five-floor parking deck with room for 467 vehi- P. Long. After Katrina struck in August 2005, state and of Jaeger is the 110-year-old Market Street Power Plant. cles. The property, which sits at the corner of Canal and North city officials decided to close the hospital, saying it was too Jaeger obtained the former power plant, which has sat Rampart Streets, has been cleared and construction permits badly damaged by floodwaters to reopen. The hospital was unused since 1973, through a foreclosure auction in have been issued for the project, but no work is taking place. The replaced by the University Medical Center, which opened September for $8.72 million. He had previously invest- project garnered City Council approval in 2011 despite opposi- earlier this year. ed millions of dollars with previous owners to revive the tion from French Quarter residents concerned about the height. 20-acre site into a retail, residential and entertainment Preservationists also fought demolition of the existing building. venue, but the project never materialized and the compa- 6. PLAZA TOWER nies behind the plan eventually filed for bankruptcy. The Assorted delays, including an indictment and prison sentence for At 45 stories, the Plaza Tower at 1001 Howard Ave. debt owed to Jaeger covered his auction bid for the prop- developer Praveen Kailas, set the project back and the comple- stands as the city’s third tallest building, but the 531-foot erty. As with Plaza Tower, there are no immediate plans for tion date has not been determined. Kailas’ father Mohan is now structure has sat vacant and stagnant since 2002, when the property, but Jaeger has said that the plant plays into leading the project. tenants began a mass exodus after toxic mold and asbestos his plans for the Trade District. Real Estate Trends 2015 7A Central Business District

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseableRealPercent Estate QuotedTrends rent YearFall built/ 2014 available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone 545,157 85 percent $21 1987 36 17,130 Cres Gardner First Bank & Trust Tower Beau Box Commercial 909 Poydras St. Real Estate 322.1354 529,474 77 percent $20.00 1983/2008 27 60,000 Greg S. Riera 1515 Poydras Building Jones Lang LaSalle 1515 Poydras St. Americas Inc. 585.2678 1515 Poydras is a 27 story Class A office tower featuring a dramatic main lobby and covered courtyard four stories high. Location: Landmark presence across from the Superdome offering unsurpassed access to I-10. Parking: Over 500 spaces in the building and 700 auxiliary spaces allows for a suburban parking ratio in the CBD. Amenities: Shuttle Van, Restaurants, Conference Room OVER 60,000 SQUARE FEET OF CONTIGUOUS SPACE AVAILABLE. Suites of various sizes are ready for occupancy. 526,041 96 percent $19.50 1983/2007 28 8,196 Sandra Corrigan Steve Reisig Entergy Corp. Building SRSA Commercial Real 639 Loyola Ave. Estate, Inc. 831-2363 523,451 96 percent $19.50 1983/2009 28 5,394 Steve Reisig Sandra Corrigan 639 Loyola SRSA Comercial Real 639 Loyola Ave. Estate 831-2363 512,593 50 percent $15 1971/2000 31 250,000 Scott Graf 1010 Common Building 1010 Common St. Coldwell Banker Commercial 233-2108 1010 COMMON BUILDING is a mixed-use complex that offers of ce, retail and restaurant space. The property consists of a thirty-one story of ce Tower, a fourteen story Annex with ground oor retail, self-parking on the second through twelfth oors and of ce space on the thirteenth and fourteenth oors. Signage is available in the tower and annex building. Floor-to-ceiling windows with spectacular views, easy access to major transportation arteries, walking distance to many New Orleans’ nest restaurants and entertainment venues, a 532 vehicle self-park garage within the property, 24 hour security, and on-site leasing and management provide for professional, safe and convenient environment. 1010 COMMON is bounded by South Rampert Street, Gravier Street, O’Keefe Avenue, and Common Street in the New Orleans Central Business District. Call Scott Graf/Mac McMillan, CBC TEC at 504-566-1777 click here: 1010common.com

Freeport-McMoRan Building 501,741 84 percent $17 1984 23 45,130 Gaines Seaman 1615 Poydras St. Stirling Properties 1615 Poydras • Freeport-McMoRan Building 620-8187 A distinctive curved design of green marble and re ective glass forms the 23 story building, while unique and high quality interior nishes set this building apart from others. This locally owned and operated Class A building has an experienced management team and makes tenant satisfaction its highest priority. Located directly across from the Mercedes-Benz Superdome, 1615 Poydras offers the easiest access to and from the interstate system of any building in the CBD. The Building features an on-site restaurant, bank, ATM, barbershop and dry cleaning delivery. A large, attached parking garage and abundant parking across the street means that parking is not a concern for our tenants. Great accessibility, excellent parking, 24 hour security, high quality nishes and exceptional tenant service all come together in the 1615 Poydras Building. N/A=not applicable/not available. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 8A New Orleans CityBusiness • November 27, 2015 Central Business District

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone 467,671 Real80 percent Estate $20 Trends1982/2008 Fall 201422 59,911 Greg S. Riera 1555 Poydras Building Jones Lang LaSalle 1555 Poydras St. Americas Inc. 585.2678

1555 Poydras is a 22 story Class A office tower featuring striking silver sawtooth bay windows that double the views. Location: Landmark presence across from the Superdome offering unsurpassed access to I-10. Parking: Over 500 spaces in the building and 700 auxiliary spaces allows for a suburban parking ratio in the CBD. Amenities: Shuttle Van, Restaurant, Conference Room, Sundry Shop Suites of various sizes, including full floors, are ready for occupancy.

453,255 92 percent $19 1983 28 6,563 Cres Gardner Poydras Center Beau Box Commercial 650 Poydras St. Real Estate 799.3119 422,899 90 percent $18.50 1980/2002 24 13,336 Sandra Corrigan Steve Reisig 1250 Poydras Building 1250 Poydras St. SRSA Commercial Real Estate, Inc. 831-2363 378,895 62 percent $14.50 1977 21 39,392 Matt Taylor Orleans Tower Jack Gordon 1340 Poydras Property One Inc. 681-3437 Exchange Centre 380,000 90 percent $16.50 1983 21 20,000 935 Gravier St. Joe Gorman Max J. Derbes Inc. 733-7109

351,782 94 percent $16.50 1910/1996 14 12,000 Duff Friend Whitney National Bank Building Latter & Blum 228 St. Charles Ave. 569-9351 N/A=not applicable/not available. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 9A Central Business District

ranked by total leaseable square feet

Mark E. Inman Coldwell Banker 701 Loyola Tower 701 Loyola Ave. Commercial TEC, Realtors 566.1777

84,585 100 percent $18 1900/1982 4 0

Bobby Talbot IP Office Building Talbot Realty Group 643 Magazine St. 525-9763

70,000 100 percent $19-$20psf 1962/1998 7 0

Bennett K. Davis K&B Plaza Corporate Realty 1055 St. Charles Ave. 582-1416

51,081 100 percent $22 1910/2007 6 0

Frederick J. Tufts 546 Carondelet Building Crutcher-Tufts Corp. 546 Carondelet St. 887-9327

43,403 100 percent $18 1910/1996 3 0

Bobby Talbot Emeril's Homebase Talbot Realty Group 839 St. Charles Ave. 525-9763

33,000 94 percent $14 1840/1983 4 2,000

Sandra Corrigan 400 Magazine St. SRSA Commercial Real 400-408 Magazine St. Estate Inc. 831-2363

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone 27,259 100 percent $13 1895/1952 5 0 Kirsten Early Lee Circle Plaza SRSA Commercial Real 818 Howard Ave. Estate Inc. 620-0352 22,000 100 percent $18 1858 / 1990 4 0 Shaun Talbot 830 Union St. Talbot Realty Group 830 Union St. 525-9763 18,277 100 percent n/a 1910/1984 2 n/a Andrea Arons Huseman 300 Lafayette Building Corporate Realty 300 Lafayette St. 581-5005

12,000 0 percent $13.50 1923/2008 6 12,000 Bob Sykes The Security Center Rebecca O'Meara 147 Carondelet St. Security Center 522-1254 N/A=not applicable/not available. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 11A LAFITTE GREENWAY HELPING TO ACTIVATE MID-CITY DEVELOPMENT Mason Harrison Contributing writer

One of the top emerging real estate markets in the Association. “But we also want to ensure that any shop in the renovated building, “they’ll have a city continues to be the area bounded by Interstate new project respects the character of the area.” great view of downtown.” 10 to the west and south, Broad Street to the east and Levy said the massive site is a location that Liz McCartney, co-founder of the St. Bernard Orleans and City Park Avenues to its north. Mid- has long been forgotten by the city “even before Project, said her group is in the beginning phase of City, with more than a half dozen projects wrapped Katrina,” but Torres said the mixed-use project building a mixed-use facility, also abutting the green- or underway, remains a prime location to break will be in line with what residents feel is a good way south of Broad Street, that will house a job train- ground. fit for the neighborhood. ing office and 4,200 square feet of ground level retail “I want to attract people from the neighborhood “All of my projects take into consideration the space. McCartney said her nonprofit, which special- by creating a really cool, pedestrian friendly open look and feel of a neighborhood and what resi- izes in rebuilding homes after disasters, plans to relo- space in the neighborhood,” said Sidney Torres, dents want,” Torres said. “You can look at my cate its Chalmette-based office to the new building. who is developing a 9-acre site that abuts Bayou St. project at 1029 Esplanade Ave., which won an “We’re very excited about this project. It’s a John near Jefferson Davis Parkway. Torres said the award for fitting into the area.” great location,” said McCartney, who moved to New area, which has long been a site for unkempt vegeta- Torres said he expects to roll out plans for Orleans with her husband after Hurricane Katrina to tion and abandoned warehouses, is now benefiting development of the Mid-City tract early next help rebuild damaged homes. from nearby projects like the Lafitte Greenway. year. She said the project is possible thanks mostly “We’ve been traveling to areas like the Design The greenway is also spurring conversion of to new market tax credits financed by Goldman District in Miami to get a feel for green space and an old laundry facility in the 2600 block of St. Sachs and First NBC Bank. The state’s Office of open air space,” he said. Louis Street. The plan calls for historic renova- Community Development and Iberia Bank are also Torres added that he would like to add a bou- tion of the 32,000-square-foot site and convert- partners in the building project. McCartney said her tique theater to the commercial design plans, much ing the top portion into 14 apartments, while group will be ready to begin commercial leasing of like the Theatres at Canal Place, and a residential reserving the ground floor for commercial use. space at the site starting May 1. component into the project to increase foot traffic. Initial plans called for adding an eatery to Kurt Weigle, head of the Downtown But as the project takes shape, neighborhood resi- the location, only feet away from the Broad Development District, said development in Mid-City dents are cautiously optimistic about the plan. Street Whole Foods store, and bringing in a has great value for the city’s business epicenter. “We’re excited about development in the Torres micro-brewery. But Ramsey Green, a partner at “Cities are judged by the quality of their down- Tract,” said Tim Levy, president of GCE Green Development, said the micro-brew- towns,” Weigle said, noting that thriving areas close the Greater Mid-City ery idea has been scuttled. to downtown are boons to his group’s mission to Business “That was very early in the process,” said bring the area back to life by converting a once slug- Green. “We spoke to the firm, but realized our gish corridor of office buildings into an urban resi- timelines just didn’t match.” dential hub. Green said his team is still unsure what ten- Weigle said that while downtown has led the city’s ants will occupy the space, but no matter revival, successful neighborhoods are its “greatest what company decides to set up assets.”

A cyclist rolls along Lafitte Greenway in Mid-City near where a developer is planning to convert a former laundry facility into a mixed-use project. The greenway has helped to attract new investment to the neighborhood.

12A New Orleans CityBusiness • November 27, 2015 ROBIN SHANNON Center City

ranked by total leasable square feet

Largest block Total of space Leasing agent Building leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone P.W. Larsen 1215 Prytania Building 119,269 95 percent $18 1952 5 2,500 Nelson Building Complex 1215 Prytania St. 593-5343 Sandi Stone Center for Energy Resources UNO Research and Management 104,506 78 percent $22 2002 5 6,865 Technology Foundation, Inc. 2045 Lakeshore Drive 280-2427 Sandi Stone Information Technology University of New Orleans Center, No. 4 103,943 100 percent $25 2001 5 0 Research and Technology 2285 Lakeshore Drive Foundation, Inc. 280-2427 Sandi Stone Information Technology University of New Orleans Center, No. 1 103,943 84 percent $25 2002 5 8,412 Research and Technology 2219 Lakeshore Drive Foundation, Inc. 280-2427 Sandi Stone Information Technology University of New Orleans Center, No. 2 103,943 100 percent $25 1998 5 0 Research and Technology 2233 Lakeshore Drive Foundation, Inc. 280-2427 NA=not available/not applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

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Real Estate Trends 2015 13A Center City

ranked by total leasable square feet

Largest block Total of space Leasing agent Building leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Sandi Stone Information Technology University of New Orleans Center, No. 3 103,943 100 percent $25 1999 5 0 Research and Technology 225 Lakeshore Drive Foundation, Inc. 280-2427 Sandi Stone University of New Orleans Advanced Technology Center 78,500 89 percent $23.50 2001 5 3,687 Research and Technology 2021 Lakeshore Drive Foundation, Inc. 280-2427

Ernest E. Verges Mid-City Center 48,000 100 percent $19 1925/2006 2 0 Biencar Investments 2 320 N. Carrollton Ave. 488-7739

P.W. Larsen 1231 Prytania Building 39,000 80 percent $18 1967 6 7,500 Nelson Building Complex 1231 Prytania St. 593-5343

Bobby Talbot 1820 St. Charles 36,000 90 percent $18 1924/2004 2 3,628 Talbot Realty Group 1820 St. Charles Ave. 525-9763

The Marketplace at Jackson Arnold Cooper Brewery - Office 35,000 100 percent $24 1887/1990 2 0 DBIC Property Management 400 N. Peters St. 581-4082

The Marketplace at Jackson Daphne Berger Brewery - Retail 35,000 100 percent $65 1887/1990 2 0 DBIC Property Management 400 N. Peters St. 581-4082

Scott Graf Mac McMillan 101 W. Robert E. Lee 33,830 100 percent $18 1982/2008 4 0 Coldwell Banker 101 W. Robert E. Lee Blvd. Commercial TEC, Realtors 566.1777

University Village Shopping Lou Good Center 24,000 100 percent $35 1964/2006 3 0 Loubar 6221 S. Claiborne Ave. 861-0101

Michael J. Siegel Union Passenger Terminal 1001 Loyola Ave. 23,000 50 percent $20 1954/2010 2 11,500 Corporate Realty 581-5005

Andie Lazar The Offices 1050 Jenifer Halpern 1050 S. Jefferson Davis Parkway 19,882 95 percent $3 1948/2000 3 1,388 The Offices 1050 304-3300

NA=not available/not applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

14A New Orleans CityBusiness • November 27, 2015 Metairie & East Jefferson

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseableRealPercent EstateQuoted Trends rent Year Fall built/ 2014 available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Bruce Sossaman Three Lakeway Center 471,745 96 percent $25 1987/2014 34 8,901 Corporate Realty 3838 N. Causeway Blvd. 219-5842 Jeff Cohn Galleria 468,847 95 percent $25 1984 16 14,339 Corporate Realty One Galleria Blvd. 581-5005

Galleria is a class A office building located in Metairie. Amenities in Galleria include a fitness center, food service, conference facilities, ATM, car wash service, on site security and management. Galleria’s central location offers easy ingress & egress to I-10 with hotels, banking, public transportation, and restaurants all within walking Realdistance. Estate Galleria isTrends able to provide Fall more parking2014 than any other class A office building in Metairie. FEIL ORGANIZATION

Bruce Sossaman Two Lakeway Center Corporate Realty 3850 N. Causeway Blvd. 449,339 90 percent $24.5 1984/2010 19 13,700 219-5842 LAKEWAY – First Class Amenities and Views Lakeway is located on North Causeway Blvd. and overlooks Lake Pontchartrain, with excellent access to I-10, the North Shore, airport and downtown. Lakeway is a three building office complex with 1.2 million square feet of class A office space along with three parking garages. The complex includes a Marriott Hotel and numerous amenities including Premier Fitness health club, restaurant, deli, coffee shop, copy shop, conference center, shoe shine, car detailing and sundry shop. Many local, regional, national and over 20 Fortune 250 companies have selected FEIL ORGANIZATION Lakeway as their workplace.

Bruce Sossaman One Lakeway 300,816 90 percent $24.5 1981/2010 13 26,000 Corporate Realty 3900 N. Causeway Blvd. 219-5842 Steve Reisig Elmwood Tower 1201 Elmwood Park Blvd. 197,084 100 percent $23 1982/2010 10 0 SRSA Commercial Real Estate 831-2363 Joe Gorman 2400 Veterans 2400 Veterans Memorial Blvd. 132,965 90 percent $18.5 1982/2015 5 9,000 Max J. Derbes, Inc. 733-7109 Scott Graf Mac McMillan Regions Bank Building 129,566 75 percent $18 1970/2010 10 6,318 Coldwell Banker Commercial 3525 N. Causeway Blvd. TEC Realtors 566.1777 REGIONS BANK TOWER

Metairie CBD building at Causeway Blvd and Esplanade Ave offers sweeping views, flexible floor plans, renovated common areas, elevators and lobbies, on-site management, ample parking, competitive rates and amenities such as The Caboose Restaurant and Regions Bank. Call Scott Graf/Mac McMillan, CBC TEC at 504-566-1777 click here: 3525causeway.com

N/A=not available/not applicable. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 15A Metairie & East Jefferson

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Jennifer Amedee 110 Veterans Building 128,563 95 percent $19 1972/2005 5 2,495 Rault Resources Inc. 110 Veterans Memorial Blvd. 581-1314 Jeff Cohn 3445 N. Causeway Blvd. 127,663 91 percent $19 1969/2008 10 14,326 Corporate Realty Inc. 3445 N. Causeway Blvd. 581-5005

“Located in the heart of the thriving Metairie Business District” Prime of ce space available from 200rsf — 14,362rsf. We offer very competitive rental rates, newly renovated common areas, above standard office finishes and ample free parking. Whether you seek a private suite or a half floor, 3445 Causeway can accommodate your needs in a client-friendly environment. Become part of our thriving business community, in the heart of Metairie. Jeff Cohn/Corporate Realty • 504-581-5005 Please visit our website feilorg.com

Ronnie R. Rauber Causeway Highrise Select Properties Limited 3421 North Causeway 125,243 92 percent $18.5 1974 / 2006 10 4,216 Realty Boulevard 833-4494 1983/2006 Jeff Cohn Causeway Plaza III 108,718 96 percent $20 6 3,889 Corporate Realty Inc. 3330 W. Esplanade Ave. 581-5005

“Located in the center of the thriving Causeway corridor” Causeway Plaza I, II & III, located on the corner of Causeway & West Esplanade, consists of three (3), six (6) story of ce buildings, containing over 335,000rsf of prime of ce space, adjacent to ample free and reserved parking, consisting of an eight (8) story parking garage. The Property boasts of beautiful atrium lobbies and glass elevators, nestled in a lush park-like setting. Become part of our business community, all in the heart of the Causeway corridor. Jeff Cohn/Corporate Realty • 504-581-5005 CAUSEWAY PLAZA Please visit our website feilorg.com

Jeff Cohn Causeway Plaza II 3300 W. Esplanade Ave. 108,520 99 percent $20 1982/2012 6 1,069 Corporate Realty Inc. 581-5005 Jeff Cohn Causeway Plaza I 108,480 98 percent $20 1982/2013 6 2,053 Corporate Realty Inc. 3510 N. Causeway Blvd. 581-5005 Steve Reisig 880 West Commerce SRSA Commercial Real 880 W. Commerce Road 93,629 76 percent $19.5 1979/1991/2013 5 13,200 Estate Inc. 831-2363 N/A=not available/not applicable. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

16A New Orleans CityBusiness • November 27, 2015 Metairie & East Jefferson

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Bruce Sossaman Metairie Office Towers 91,686 90 percent $20 1970/2010 6 5,000 Corproate Realty 433 Metairie Road 219-5842 “An Unsurpassed Location — Old Metairie Road” A very established business community makes Metairie Of ce Towers an ideal business environment. Prime of ce space located in the most prestigious of ce address in “Old Metairie”. Metairie Of ce Towers has a spectacular lobby, all newly renovated restrooms and common area hallways, ample complimentary parking and 24 hour access. Become part of the most prestigious of ce address on “Metairie Road”. Bruce Sossaman/Corporate Realty • 504-219-5842 Metairie Office Towers Please visit our website feilorg.com

Steve Reisig Sandra Corrigan 800 West Commerce 800 Commerce Road West 91,628 76 percent $19.5 1979/2013 5 18,400 SRSA Commercial Real Estate Inc. 831-2363

Brandon Bulliard Metairie Centre 90,721 91 percent $19.5 1986/2012 6 3,246 Edenborn Partners 2424 Edenborn Ave. 835-5209

Brandon Bulliard Severn Place 85,276 91 percent $19.5 1982/2013 5 7,830 Severn Place Associates 2450 Severn Ave. 835-5209

Colleen Kuebel Lewis Interstate II 60,000 98 percent $17.75 1980/2012 3 800 Corporate Realty Inc. 3636 S. I-10 Service Road 581-5005

Ronnie R. Rauber Riverside II 58,057 91 percent $18.5 1983/2006 3 2,648 Select Properties Ltd., Realty 6620 Riverside Drive 833-4494

Ronnie R. Rauber Medical Plaza I & ll Rett Sanborn 3901 Houma Blvd. 52,051 64 percent $18.5 1974/1992 3 10,000 Select Properties Ltd., Realty 833-0044

Ronnie R. Rauber 3901 Partnership Brett Sanborn 3901 Houma Boulevard 52,051 64 percent $18.5 1974/1992 3 10,000 Select Property Ltd., Realty 833-0044

Real Estate Trends 2015 17A Metairie & East Jefferson

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Steve Reisig 3131 I-10 Service Road SRSA Commercial Real Building 48,646 93 percent $19 1979/2012 4 4 Estate, Inc. 3131 I-10 Service Road 831-2363 Susan Wallace Donna Gaudet Favrot & Shane Building 44,992 96 percent $17.25 1980/2012 2 1,037 1st Lake Commercial 3925 N. I-10 Service Road Properties, Inc. 455-8644

Warren Abadie Causeway West 40,000 76 percent $16 1974/2006 2 20,000 Owner 3229 36th St. 831-4383

Scott Graf Mac McMillan Coldwell Banker Building 4051 Veterans Memorial Blvd. 40,000 81 percent $14 1970/2006 4 2,136 Coldwell Banker Commercial TEC Realtors 566.1777

Colleen Kuebel Lewis 3939 N. Causeway Blvd. 40,000 100 percent $22 1971/2015 4 0 Corporate Realty Inc. 3939 N. Causeway Blvd. 581-5005

Jack Gordon Boy Scouts of America 32,937 85 percent $14.5 1984/2006 2 2,397 Property One Inc. 4200 S. I-10 Service Road 681.3400

Matt Taylor 4141 Veterans 32,745 100 percent $18.5 1969/2006 3 0 Property One, Inc. 4141 Veterans Blvd. 681.3400

Ronnie R. Rauber Francis E. Klipping Riverside I 32,037 97 percent $18.5 1983/2006 3 948 Rett Sanborn 6660 Riverside Drive Select Properties Ltd., Realty 833-0044

Mike Whitsell 3001 Division 30,500 0 percent $20 1980 2 30,500 MIke Whitsell & Associates 3001 Division 669-4494

Frederick J. Tufts NY-II Office Building 30,114 92 percent $18.8 1985/2013 3 1,707 Crutcher-Tufts Corp. 2750 Lake Villa Drive 887-9327

Frederick J. Tufts Crutcher-Tufts Building 29,002 100 percent $18.8 1970/2006 3 9,612 Crutcher-Tufts Corp. 3545 N. I-10 Service Road 887-9327

Ronnie R. Rauber Brett Sanborn 2121 Borders, LLC 26,888 78 percent $35 1995 2 6,044 Select Properties, Ltd., 3131 Veterans Highway Realty 833-0044 N/A=not available/not applicable. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 18A New Orleans CityBusiness • November 27, 2015 Metairie & East Jefferson

ranked by total leaseable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available (sq. Leasing company Address square feet occupied rate high renovated Floors feet) Phone Susan Wallace Donna Gaudet FGS Building 25,596 100 percent $16.25 1981/2013 2 0 1st Lake Commercial 4300 S. I-10 Service Road Properties, Inc. 455-8644

Frederick J. Tufts Enterprise Rent-a-Car 18,096 100 percent $18.8 1975/2013 1 0 Crutcher-Tufts Corp. 3529 N. I-10 Service Road 887-9327

Matt Taylor 3330 Lake Villa 5,856 100 percent $16.5 1969/2006 2 0 Property One Inc. 3330 Lake Villa 681.3400

Susan Wallace Donna Gaudet Favrot & Shane Annex 4,722 96 percent $16 1982/2012 2 233 1st Lake Commercial 3945 N. I-10 Service Road Properties, Inc. 455-8644 N/A=not available/not applicable. The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Eastern New Orleans & Chalmette

ranked by total leasable square feet

Largest block Leasing agent of space Leasing Building Total leaseable Percent Quoted rent Year built/ available (sq. company Address square feet occupied rate high renovated Floors feet) Phone

Roxanne Moray Executive Plaza Executive Plaza 10001 Lake Forest 114,670 60 percent $1,416 1975/2011 11 10,000 East New Orleans Blvd. 240-0120

Cathy McGehee Richard Stone 4301 Poche Court W. 62,500 0 percent $5 1978/2006 1 62,500 NAI Latter & Blum 4301 Poche Court W. New Orleans 563-9319

8400 W. Judge Perez Duff Friend Drive 51,150 70 percent $17 1980/2012 1 11,000 Latter & Blum 8400 W. Judge Perez 569-9351 Drive

Wade T. Verges Bullard Corporate Verges Properties Center 40,000 90 percent $18 1987/2006 1 1,760 New Orleans 5555 Bullard Ave. 246-1562

NA=not applicable/not available The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Real Estate Trends 2015 19A Eastern New Orleans & Chalmette

ranked by total leasable square feet

Largest block Leasing agent of space Leasing Building Total leaseable Percent Quoted rent Year built/ available (sq. company Address square feet occupied rate high renovated Floors feet) Phone

Cathy McGehee Richard Stone 4277 Poche Court W. 29,242 0 percent $5 1978/2006 1 28,000 NAI Latter & Blum 4277 Poche Court W. New Orleans 569-9319

Lake Willow Wade T. Verges Professional 24,000 65 percent $14 1980/2011 4 2,300 Verges Properties Building New Orleans 7240 Crowder Blvd. 246-1562

Wade T. Verges 5630 Crowder Blvd. Verges Properties Building 11,500 98 percent $14 1980/2000 2 600 New Orleans 5630 Crowder Blvd. 246-1562

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20A New Orleans CityBusiness • November 27, 2015 Kenner & St. Charles

ranked by total leasable square feet

Largest block of space Leasing agent Building Total leaseable Percent Quoted rent Year built/ available Leasing company Address square feet occupied rate high renovated Floors (sq. feet) Phone

Jennifer Amedee The Rault Building 129,760 98 percent $19 1982 5 2,495 Rault Resources Inc 110 Veterans Blvd 581-1314

Jennifer A. Lee Two James Park Sealy and Co. 120 Mallard St. 53,520 85 percent $16.50 1981 3 4,160 St. Rose 463-5600

Susan Wallace Donna Gaudet 2200 Veterans Blvd. 1st Lake Commercial Building 44,874 89 percent $15.25 1985/2013 2 4,017 Properties, Inc. 2200 Veterans Blvd. Metairie 455-8644

Jennifer A. Lee One James Park Sealy and Co. 100 James Drive 43,055 69 percent $16.50 1980 3 6,949 St. Rose 463-5600

Jennifer A. Lee 160 James Drive E. Sealy and Co. 160 James Drive E. 25,772 64 percent $16.50 1981 1 9,340 St. Rose 463-5600

Jennifer A. Lee Five James Park Sealy and Co. 110 James Drive W. 24,018 29 percent $16 1983 2 7,338 St. Rose 463-5600

Patrick T. Bossetta 3715 Williams Blvd. Standard Properties Building 19,000 60 percent $17 1981/2008 2 0 Metairie 3715 Williams Blvd. 247-2128

Charles Mullin First American Bank & RE/MAX Commercial Office Building 11,133 85 percent $15.75 1981/2002 2 811 Brokers Inc. 11 James Blvd., St. Rose Metairie 838-0001

Charles M. Mullin RE/MAX Commercial 1600 20th St. 8,100 50 percent $10 1980 2 4,050 Brokers Inc. 1600 20th St. Metairie 838-0001

N/A=not available/not applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 21A SLUMPING OIL PRICES HAVE SLOWED, NOT HURT MAJOR NORTH SHORE PROJECTS

Mason Harrison Contributing writer

The ongoing national slump in oil prices is not only hurting the state’s coffers but is also affecting the real estate market on the North Shore, according to Skip Scoggin of Mauti Meredith Scoggin. “Companies are laying off people, and growth in construction projects has slowed,” he said. But even with those headwinds, a handful of large projects are underway in an area that has long been ripe for growth. Michael Saucier of Gulf States Real Estate Services said firms that have the “financial stamina” and longevity in the

market are best suited to get land to the predevelopment stage. RENDERINGS: COURTESY GULF STATES REAL ESTATE SERVICES Partnerships, Saucier said, are a longtime part of real estate Top: Developers recently broke ground on a new 96-acre business park known as Versailles, which development and a necessary component in today’s market. will be situated along Interstate 12 and U.S. 190 in Covington. Above: An 800-acre mixed-use Saucier’s firm is part of a massive real estate project along- development known as Tamanend is also underway in the central part of the parish. side Weyerhaeuser Real Estate Development Co. to develop the residential, commercial and industrial project Tamanend. “You’ll still see people putting in roads and devel- I-12 and Louisiana 21 in Covington is the largest It sits on more than 800 acres of land along Louisiana Highway oping sewage and water lines, of course, but devel- shopping destination in St. Tammany Parish and 434 just north of Interstate 12 in central St. Tammany Parish. oping things like strip centers with no income from features several big box anchor tenants, a small- Saucier said a project of that scale requires major real estate anchor tenants will become a thing of the past. It’s too scale hotel and a residential component for just partners, especially in the early stages. hard to finance developing little land tracts. There are north of 200 luxury apartment homes. A new “It’s difficult to develop from the ground up unless you’re a lot of challenges with that with no anchor tenant.” 36,000-square-foot Rooms To Go furniture show- very wealthy,” he said. “It’s very expensive, and so what we’re Finding that tenant has been an integral part of room is expected to break ground at River Chase by seeing now is that people are developing lots, getting involved Stirling Properties’ redevelopment of an Albertsons December. in smaller projects.” grocery store along U.S. 190, just east of Causeway Scoggin said national chains have become a big Large projects can take two years or more to come online, Boulevard. The 60,000-square-foot building will part of the growth in St. Tammany Parish along and in that time the market can sour, he added. Smaller compa- transform into the Premiere Center by year’s end and U.S. 190 and Louisiana 20, which has contributed nies can develop 60 lots or less and bring them into commerce boast a 20,000-square-foot Forever 21 clothing store to a spike in the cost of purchasing land. in a few months. ahead of Thanksgiving. A new Whole Foods store “Right now we’ve got some pretty pricey land Gulf States is also building a new business park at Interstate will open in the complex by the second quarter of sales compared to what they used to be, especially in 12 and U.S. 190. Versailles Business Park encompasses 96 next year. Covington,” he said. acres and is slated to include medical and hospital offices. “In Covington, we’re looking forward to con- Scoggin said developers can expect to shell out Saucier said the path to breaking ground required a lot of tinuing our work on River Chase,” said Townsend anywhere from $20 to $27 per square foot for small patience given “that it took us a long time to acquire the land.” Underhill, senior vice president of development for projects. He anticipates little will change about the But Saucier cautioned that future “pure land development” Stirling Properties. The upscale development at market. projects will soon become a rare breed in real estate. 22A New Orleans CityBusiness • November 27, 2015 North Shore office buildings

ranked by total leaseable square feet

Largest block Building Total of space Leasing agent Address leaseable Percent Quoted rent Year built/ available (sq. Leasing company City square feet occupied rate high renovated Floors feet) Phone

Offices at River Chase Dan Tate I-12 at Highway 21 157,000 0 percent $28.50 new build 6 157,000 Stirling Properties North Shore 898-2022

Northpark Corporate Center Lee M. de la Houssaye 109 Northpark Blvd. 103,222 100 percent $24 1986 5 0 Stirling Properties Covington 898-2022 Marcia D'Amico Cypress Bend Office Building Mike D'Amico 1001 Ochsner Blvd. 102,198 100 percent $28 2009 4 0 Property One Inc. Covington 674-1197 Northpark Corporate ll Lee M. de la Houssaye 103 Northpark Blvd. 69,905 100 percent $24 1998 3 23,000 Stirling Properties Covington 246-3774

Slidell Memorial Hospital Medical Carole Haynes Office Building l 1051 Gause Blvd. 43,671 97 percent $22 1993 4 1,152 Slidell Memorial Hospital Slidell 280-8853 N/A=not available/applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Like the book? You’ll love the electronic version!

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Real Estate Trends 2015 23A North Shore office buildings

ranked by total leaseable square feet

Largest block Building Total of space Leasing agent Address leaseable Percent Quoted rent Year built/ available (sq. Leasing company City square feet occupied rate high renovated Floors feet) Phone The Resource Bank Building 5100 Village Walk 43,444 81 percent $19 2000 3 7,359 David R. Dominguez North Shore 630-2950 Mike D'Amico Lacombe Medical Office Building II 64026 Highway 434 42,930 56 percent $15.50 2009 3 15,500 Marcia D'Amico Lacombe Property One, Inc. 674-1197 Slidell Memorial Hospital Medical Carole Haynes Building lll 1150 Robert Blvd. 41,342 100 percent $21 1999 3 0 Slidell Memorial Hospital Slidell 280-8853 Covington Clinic Lee de la Houssaye 71338 Hwy 21 40,000 14 percent $14 1975/2014 1 35,000 Stirling Properties Covington, La St. Tammany Parish 246-3774 Marcia D'Amico Lacombe Medical Office Building I Mike D'Amico 64040 Highway 434 34,157 81 percent $18.71 2004 3 6,490 Property One Inc. Lacombe Real Estate Trends Fall 2014 674-1197 Barry Escher Dalwill Place Mauti Meredith Scoggin 999 Dalwill Drive 32,000 0 percent $20 to be built 2 32,000 Properties Mandeville 893-3500 Covington Village Walk 5100 Village Walk North Shore David Domiguez 27,286 80 percent $13.00 2000 3 4,528 630-2950 Covington Village Walk is a mixed-use development located in the heart of downtown Covington at the foot of Lee Lane, featuring Class A office space as well as retail locations. The property also offers two ground site pads allowing a Tenant the option of a Land Lease for office/retail use or build to suit. We are also preleasing 60,000 rsf of Class A office space. Amenities of the property are: ample free parking, on-site management, convenient access to Courthouse, on- site Resource Bank, Megumi II Restaurant, Anytime Fitness, Good Dog Naturally, Mobility One, Indigo Studio and Primal Kinesis Louisiana Performing Arts Academy, Abita Roasting Co. dine in or drive-through coffee shop.

Barry Escher Pontchartrain Place Mauti Meredith Scoggin 1501-1535 W. Causeway Approach 25,500 100 percent $18 1998 2 0 Properties Mandeville 893-3500 Barry C Escher Fontainebleau Place Mauit Meredith Scoggin 1401 - 1445 West Causeway Approach 23,600 100 percent $18 2002 1 0 Properties, L.L.C. Mandeville, La. 893-3500 No. 2 Sanctuary Thomas Crosby No. 2 Sanctuary Blvd. 21,000 98 percent $22.50 1998 3 450 Crosby Development Mandeville 674-7500

Holiday Square Office Building Lee M. de la Houssaye 201 Holiday Blvd. 21,000 80 percent $14 1985 1 2,740 Stirling Properties Covington 246-3774

No. 4 Sanctuary Thomas Crosby No. 4 Sanctuary Blvd. 21,000 100 percent $22.50 2004 3 0 Crosby Development Mandeville 674-7500 N/A=not available/applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

24A New Orleans CityBusiness • November 27, 2015 North Shore office buildings

ranked by total leaseable square feet

Largest block Building Total of space Leasing agent Address leaseable Percent Quoted rent Year built/ available (sq. Leasing company City square feet occupied rate high renovated Floors feet) Phone

No. 5 Sanctuary Blvd. Thomas Crosby No. 5 Sanctuary Blvd. 21,000 81 percent $22.50 2006 3 3,920 Crosby Development Mandeville 674-7500

No. 3 Sanctuary Thomas Crosby No. 3 Sanctuary Blvd. 21,000 100 percent $21.50 2000 3 0 Crosby Development Mandeville 674-7500

The Allstate Building Barry Spizer 111 Park Place 20,153 100 percent $22 1998 1 0 SRSA Comercial Real Estate Covington 504-620-0348

Barry Escher Stirling Place Mauti Meredith Scoggin 1321 W. Causeway Approach 20,000 100 percent $18 2005 1 6,000 Properties Mandeville 893-3500

Slidell Memorial Hospital Medical Carole Haynes Office Building ll 901 Gause Blvd. 18,522 100 percent $22 1997 2 0 Slidell Memorial Hospital Slidell 280-8853

Marcia D'Amico Iberia Bank Building Mike D'Amico 4565 LaSalle St. 16,000 100 percent $28 1980 3 0 Property One Inc. Mandeville 674-1197

No. 1 Sanctuary Thomas Crosby No. 1 Sanctuary Blvd. 16,000 88 percent $21 1997 3 1,832 Crosby Development Mandeville 674-7500

Park Place Office Building Ryan Murphy 106 Park Place 15,850 81 percent $20 1986 3 2,109 Stirling Properties Covington 246-3771

111 N. Causeway Building Joseph W. Carroll II 111 N. Causeway Blvd. 15,400 89 percent $16 1985 2 600 Latter & Blum Inc. Mandeville 782-5200

Madison Place Shopping Center Joseph W. Carroll II 300 Dalwill Road 14,000 84 percent $15 2003 1 2,300 Latter & Blum Inc. Mandeville 782-5200

Professional Village Richard Tanner 700 Gause Blvd. 9,800 22 percent $13 1981/2007 3 2,600 Gardner Realtors Slidell 863-6161

Michael A. Piazza 847 Galvez Office Building Mauti Meridith Scoggin Real 847 Galvez St. 7,464 95 percent $743 2009 2 297 Estate Mandeville 626-1564 N/A=not available/applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Real Estate Trends 2015 25A West Bank

ranked by total leasable square feet

Largest block of Leasing agent Building Total leaseable Percent Quoted rent Year built/ space available Leasing company Address square feet occupied rate high renovated Floors (sq. feet) Phone Bruce Sossaman Oakwood Corporate Realty Corporate Center 132,454 85 percent $19.50 1985/2008/2013 6 8,028 Metairie 401 Whitney Ave. 219-5842 “The Westbank’s Finest Of ce Location” Ideally located on the thriving Westbank, only minutes to the heart of the New Orleans Central Business District. The Oakwood Corporate Center is the largest of ce building on the Westbank and offers prime of ce space, competitive rates, 24/7 security at the concierge desk, ample free parking, onsite conference room and snack shop. Join us in becoming part of the most prestigious of ce address on the “Best” side of the Mississippi River. 8,400 rsf now available. (can be subdivided)

Bruce Sossaman/Corporate Realty • 504-219-5842 OAKWOOD CORPORATE CENTER Please visit our website feilorg.com

Barry Burkart Jack Stumpf & Associates Lapalco Square 48,000 75 percent $12 1986/2006 1 7,746 Inc. 1545 Lapalco Blvd. Harvey 366-6800 A. K. Gordon Cypress Park Crown Properties Inc. 405 Gretna Blvd. 24,248 42 percent $17 1976/2006 2 3,680 Gretna 460-9109 Vincent Vastola Marrero Land Office Marrero Land & Plaza 23,310 98 percent $18 1974/1994 4 505 Improvement Association 5201 Westbank Ltd. Expressway Marrero 341-1635 NA=not available/not applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, LA 70002. Commercial property managers

ranked by total rentable commercial square feet managed locally

Total rentable commercial Percentage of Percentage of Percent of Telephone square feet property square feet Property property: Alternative managed: owned by: company is managers Industrial Name phone locally company responsible Full-time Office Largest properties Address Fax nationally third-party for leasing employees Retail managed locally East Jefferson General Hospital SRSA Gulf South Management 831-2363 2 percent Medical Office Building, Northside 4.16 million 1 percent 7 68 percent Plaza, 1201 Elmwood Parkway Office 2555 Severn Ave., Suite 200 620-0348 4.16 million 99 percent 100 percent 36 Metairie 70002 456-8995 30 percent Building, 3501 N. Causeway Office Building Hertz Investment Group 0 percent 400 Poydras Tower, Poydras Center, 400 Poydras St., Suite 1500 299-3000 3.70 million N/A N/A 299-3001 15.20 million N/A N/A N/A 100 percent First Bank and Trust Tower, One Shell New Orleans 70130 0 percent Square, Westpark Lauricella Land Co. 733-1800 11 percent Elmwood Center, Elmwood Office Park, 1200 S. Clearview Parkway, Suite 1166 733-1212 2.34 million 100 percent 2 0 0 percent 100 percent 26 5 percent Midtown Square, Airline Park, New Orleans 70123 733-4598 84 percent Manhattan West, Manhattan Crossing Sealy & Co., Inc. 91 percent James Business Park, Jefferson 150 James Drive E., Suite 140 463-5600 1.63 million N/A N/A 463-5650 20.00 million N/A N/A N/A 9 percent Business Center, Sealy Ashland St. Rose 70087 0 percent Distribution Center Morguard Management Co. Inc. 904-8500 1.50 million 100 percent N/A 0 percent Southland Mall, North Shore Square 2542 Williams Blvd. 904-8525 2.30 million N/A 100 percent 0 percent Kenner 70062 250 25 percent Mall Place St. Charles Office Building 524-4444 1.31 million 100 percent 1 0 percent 201 St. Charles Ave., Suite 1500 582-1425 1.31 million 0 percent 100 percent 96 percent Place St. Charles Office Building New Orleans 70170 18 4 percent Marrero Land and Improvement 341-1635 36 percent Association 341-1636 1.10 million 100 percent 100 percent 1 OakRidge Plaza Shopping Center, 5201 Westbank Expressway, Suite 400 0 0 percent 19 14 percent Westwood Shopping Center Marrero 70072 340-4277 50 percent Jones Lang LaSalle Americas, Inc 585-2670 39 percent 1515 Poydras St., Suite 105 997,145 0 percent 270 585-2660 855.80 million 100 percent 22 percent 61 percent 1515 Poydras, 1555 Poydras New Orleans 70112 585-2674 1,655 0 percent DBIC Property Management Inc. 0 percent Pavilion Shopping Center, The Shops 100 Conti St. 581-4082 838,020 42 percent 3 581-7823 0 58 percent 0 percent 8 4 percent at Canal Place, Riverside Market New Orleans 70130 96 percent Shopping Center Max Derbes Inc. 733-4555 85 percent 5440 Mounes St., Suite 100 790,384 N/A N/A (888) 385-4949 3,500 N/A N/A 12 percent Jefferson Complex New Orleans 70123 733-5518 N/A 3 percent Property One, Inc. 681-3400 712,844 2 percent 19 0 percent Cypress Bend Office Park, Federal 4141 Veterans Blvd., Suite 300 681-3438 2.04 million 98 percent 57 percent 49 percent Metairie 70002 121 51 percent Fibre Mills, Cotton Mill Condominiums Gulf States Real Estate Services (985) 792-4385 625,468 0 percent 1 31 percent 109 New Camellia Blvd. (985) 792-4392 0 0 percent 56 percent 7 14 percent Pinnacle Nord Du Lac Shopping Center Covington 70433 54 percent Coldwell Banker Commercial TEC 566-1777 2 11 percent Realtors (985) 845-4511 518,949 0 percent 100 percent 85 percent 701 Loyola Ave. 701 Loyola Ave., Suite 401 810,742 100 percent 5 4 percent New Orleans 70113 355-0566 3 percent Select Properties Ltd. 833-0044 313,594 46 percent 4 3421 Causeway Building, K-Mart on 6620 Riverside Drive, Suite 300 100 percent 14 63 percent Veterans Metairie 70003 833-0848 682,622 54 percent 34 percent HRI Properties 0 percent 493-6547 300,000 85 percent 1 30 percent N/A 837 Gravier Street, Suite 304 525-3932 200,000 15 percent 100 percent 22 New Orleans 70112 70 percent The Stevens Realty Group Inc. 888-6788 12 percent 265,952 N/A N/A 88 percent Medical Center of East New Orleans & 4417 Lorino St., Suite 200 427-8176 0 N/A N/A N/A Physicians Medical Plaza Metairie 70006 888-6716 0 percent HGI Properties 207-7575 15 percent 250,000 5 percent 6 50 percent 200 W Congress Lafayette, LA 4641 Fairfield St., Suite 2C 259-7603 800,000 0 percent 100 percent 25 Metairie 70006 207-7576 35 percent 1st Lake Commercial Properties, Inc. 7 percent 455-8644 188,000 100 percent 1 70 percent Favrot & Shane building 3925 N. I-10 Service Road, Suite 130 885-4941 188,000 N/A N/A 4 Metairie 70002 21 percent Crutcher-Tufts Corporation 5 percent 546 Carondelet St., 3545 N. I-10 887-9327 173,526 100 percent 2 95 percent 2750 Lake Villa Drive, Suite 200 887-9373 0 N/A 100 percent 6 Service Road, 2750 Lake Villa Drive Metairie 70002 0 percent Crossroads Properties 737-2777 123,500 100 percent 1 0 percent 7809 Airline Drive, Suite 309 737-2802 0 N/A 100 percent 4 17 percent M.A. Green Shopping Center Metairie 70003 83 percent The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Real Estate Trends 2015 27A Commercial leasing companies

ranked by commercial square feet leased in 2014

Commercial Company square feet Leasing breakdown in square feet (office/retail/ Top local executive Address leased other) Phone Latter & Blum Inc. 430 Notre Dame St. 22,185,202 office-247,429/retail-179,249/other-21,758,524 Robert W. Merrick New Orleans 70130 525-1311 SRSA Commercial Real Estate 2555 Severn Ave., Suite 200 3,692,302 office-2,213,048 /retail-1,101,035/other-378,219 Barry Spizer, Steve Reisig, Kirsten Early Metairie 70002 831-2363 Lauricella & Associates, Inc. 1200 S. Clearview Parkway, Suite 1166 3,332,194 office-116,842/retail-2,934,266/other-281,086 Louis V. Lauricella New Orleans 70123 733-1800 Corporate Realty 201 St. Charles Ave., Suite 4411 3,064,144 office-2,082,015/retail-982,129/retail-72,301 Michael J. Siegel New Orleans 70170 581-5005 Max J. Derbes Inc. 5440 Mounes St., Suite 100 2,870,000 NA David B. Quinn New Orleans 70123 733-4555 Stirling Properties 109 North Park Blvd., Suite 300 2,798,793 office-983,691/retail -1,571,952/other-243,150 Martin A. Mayer Covington 70433 (985) 898-2022 Coldwell Banker Commercial TEC Realtors Mark E. Inman 1010 Common Street, Suite 2750 1,971,950 office -1,360,546/retail -217,915/other-393,489 566-1777 New Orleans 70112 Rathborne Cos. P.O. Box 157 1,132,000 office-16,000/warehouse-1,108,800/lab-7,200 Gregory C. Lier Harvey 70059 368-6355 (ext. 2) Marrero Land and Improvement Association N. Buckner Barkley, Jr 5201 Westbank Expressway, Suite 400 1,125,000 office-125,000/retail-500,000/other-500,000 341-1635 Marrero 70072 RE/MAX Commercial Brokers Inc. 3331 Severn Ave., Suite 200 1,014,000 office-229,339/retail-173,415/industrial-530,199/other-81,047 Richard Juge Metairie 70002 838-0001 Jones Lang LaSalle Americas, Inc 1515 Poydras St., Suite 105 997,145 office-997,145 Greg Riera New Orleans 70112 585-2670 Property One, Inc. 4141 Veterans Blvd., Suite 300 788,960 office-538,944/retail-55,243/other-194,773 Quentin Dastugue Metairie 70002 681-3400 HRI Properties 837 Gravier Street, Suite 304 500,000 office-75,000/retail-425,000/other-0 Priscilla Perry, CCIM New Orleans 70112 493-6547 HGI 4641 Fairfield St., Suite 2C 500,000 retail-250,000/office-250,000 Blaine Gahagan Metairie 70006 207-7575 Sealy & Co., Inc. 150 James Drive E., Suite 140 458,452 office-6,120/warehouse-422,332 Daniel P. Poulin St. Rose 70087 463-5600 Lupo Enterprises 145 Robert E. Lee Blvd. 300,000 office-40,000/retail-200,000/other-60,000 Robert Lupo New Orleans 70124 283-3421 1st Lake Commercial Properties 3925 N. I-10 Service Road, Suite 130 190,813 office-134,000/retail-41,316/other-15,497 Susan Wallace Metairie 70002 455-8644 Crutcher-Tufts Corporation 2750 Lake Villa Drive, Suite 200 173,626 office-134,228/other-39,600 Frederick J. Tufts Metairie 70002 887-9327 The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 28A New Orleans CityBusiness • November 27, 2015 Commercial leasing companies

ranked by commercial square feet leased in 2014

Commercial Company square feet Leasing breakdown in square feet (office/retail/ Top local executive Address leased other) Phone

Gulf States Real Estate Services 109 New Camellia Blvd., Suite 100 135,462 office -106,942/retail - 28,520 Terrie Hughes Covington 70433 (985) 792-4385

The Stevens Realty Group Inc. 4417 Lorino St., Suite 200 121,443 office-100,893/retail-0/other-20,550 Robert K.H. Stevens Metairie 70006 888-6788

Select Properties Ltd. 6620 Riverside Drive, Suite 300 106,065 office-103,504/retail-2,561 Leon L. Giorgio Metairie 70003 833-0044

Real Estate Consortium 120 Papworth Ave. 38,742 office-11,494/retail-16,248/land-11,000 Lane Hindermann Metairie, LA 70005 264-7331

DBIC Property Management Inc. 100 Conti St. 3,500 office-0/retail-3500/other-0 Arnold Cooper New Orleans 70130 581-4082

The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Flex-Space

ranked by total square feet

Property name Leasing agent Address Total square feet Company Region Percent occupied Quoted rent rate high Phone Kevin Kelly Edwards Avenue Commerce Center 200,000 PCS Developments 70115 500 Edwards Ave. 95 percent $12 891-9494 Elmwood houmashouse.com Jennifer Lee Jefferson Business Center 102,209 Sealy & Co., Inc. 70087 520-524 Elmwood Park Blvd. 41 percent $12 463-5600 Elmwood www.sealynet.com Kevin Kelly Powell Street Commerce Center 89,000 PCS Developments 70115 5725 Powell St. 100 percent $6 891-9494 Harahan houmashouse.com Jennifer Lee Sealy Business Center I 67,750 Sealy and Co. Inc. 70087 115 Canvasback 100 percent $13 463-5600 St. Rose sealynet.com Jennifer Lee Service Center 24 53,544 Sealy and Co. Inc. 70087 150 Teal St. 86 percent $10 463-5600 St. Rose sealynet.com The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Real Estate Trends 2015 29A Flex-Space

ranked by total square feet

Property name Leasing agent Address Total square feet Company Region Percent occupied Quoted rent rate high Phone Jennifer Lee Sealy Business Center II Sealy and Co. Inc. 70087 110 Widgeon Drive 49,800 100 percent $0 463-5600 St. Rose sealynet.com Jennifer Lee Sealy Business Center III 49,800 Sealy and Co. Inc. 70087 150 Widgeon Drive 100 percent $0 463-5600 St. Rose sealynet.com Jennifer Lee St. Charles II Sealy and Co. Inc. 70087 49,275 $13 150 James Drive E. 100 percent 463-5600 St. Rose sealynet.com Jennifer Lee St. Charles I 47,747 Sealy & Co., Inc. 70087 161 James Drive W. 100 percent $9 463-5600 St. Rose www.sealynet.com Katina V. Spera Elmwood Plaza 41,600 5602-5650 Jefferson Highway 82 percent $13 Feil Organization 70002 Elmwood 835-8000 feilorg.com

Jennifer Lee Canvasback Sealy and Co. Inc. 70087 40,500 $0 150 Canvasback Drive 100 percent 463-5600 St. Rose sealynet.com Jennifer Lee Westside II 38,692 Sealy and Co. Inc. 70087 125 James Drive W. 46 percent $10 463-5600 St. Rose sealynet.com Jennifer Lee Eastside I 36,357 Sealy and Co. Inc. 70087 190 James Drive E. 79 percent $8 463-5600 St. Rose sealynet.com Gerard Henry / Vincent Vastola 5612 Jensen St. 36,000 Marrero Land & Improvement Association, Ltd 70072 5612 Jensen St. 100 percent $7 341-1635 Harahan www.marreroland.comn Gerard Henry / Vincent Vastola Edenborn Plaza Marrero Land and Improvement Association Ltd. 2615-16 Edenborn Ave. 26,880 $12 70072 Metairie 100 percent 341-1635 marreroland.com Jennifer Lee Service Center 22 Sealy and Co. Inc. 70087 23,436 $10 125 Mallard St. 81 percent 463-5600 St. Rose sealynet.com

The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 30A New Orleans CityBusiness • November 27, 2015 Flex-Space

ranked by total square feet

Property name Leasing agent Address Total square feet Company Region Percent occupied Quoted rent rate high Phone Jennifer Lee Service Center 23 23,436 Sealy and Co. Inc. 70087 143 Mallard St. 0 percent $11 463-5600 St. Rose sealynet.com Jennifer Lee Service Center 21 Sealy and Co. Inc. 70087 107 Mallard St. 23,436 66 percent $10 463-5600 St. Rose sealynet.com Gerard Henry / Vincent Vastola 1305 Distributors Row 22,300 Marrero Land and Improvement Association 70072 1305 Distributors Row 72 percent $10 341-1635 Harahan marreroland.com Jennifer Lee Westside I 21,408 Sealy and Co. Inc. 70087 115 James Drive W. 79 percent $11 463-5600 St. Rose sealynet.com Skip Weber 1359 Veterans Blvd. Latter & Blum 70130 6,400 $3,400 1359 Veterans Blvd. 0 percent 525-1311 Kenner latter-blum.com The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

Shopping centers

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company

Lakeside Shopping Center 1,163,000 Glen Wilson 3301 Veterans Memorial Blvd. 90 percent N/A Tricia Thriffiley Phillpott Metairie 1960 Greater Lakeside Corp. Home Depot, Best Buy, Office Max, Marshalls, TJ Maxx, Elmwood Village Center 1,100,000 Hobby Lobby, Ashley Home Furniture, Kmart, Petsmart, Robert M. Israel 1200 S. Clearview Parkway 98 percent Michaels, Elmwood Fitness Center, Designer Shoe William M. Place Elmwood 1987 Warehouse, Cost Plus World Market, Old Navy, Pier 1 Lauricella & Associates, LA Imports, Ulta Salon, Guitar Center, Party City Oakwood Center 951,638 Dillard's, JCPenney(Sephora), Sears, Dick's Sporting 197 Westbank Expressway 96 percent Goods, H & M, Buca di Beppo, House of Hoops Footlocker, Laura Phillips Gretna 1966/2007/2013 Forever 21, ULTA, Victoria's Secret, Old Navy, General Growth Properties, IL

Hammond Square 850,000 Target, Sears, JCPenney, Dillard's, Academy Sports + Rhonda Sharkawy Interstate 12 & U.S. Highway 51 95 percent Outdoors, AMC Theatre, Best Buy, T.J.Maxx and ULTA Beezie Landry Hammond 2009 Beauty Stirling Properties

River Chase Shopping Center 790,000 Target, Belk, JCPenney, Regal Cinemas, Best Buy, Ross Interstate 12 and Highway 21 99 percent Dress For Less, Marshalls, ULTA Beauty, Sam's Club and Rhonda Sharkawy Covington 2004 many more Stirling Properties

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company

North Shore Square 622,224 150 Northshore Blvd. 71 percent N/A Marc Dusang Slidell 1985 Morguard Management Co., LA

Westside Shopping Center North Westbank Expressway and Stumpf 369,063 Rouses, Academy, Floor & Decor, Dollar General, Harbor Jarrett Adame Boulevard 93 percent Freight Tools, Cavender’s and Planet Fitness Realm Realty Gretna 1998

Fremaux Town Center - Phase I 352,462 Dick's Sporting Goods, Michaels, Versona Accessories, Ryan Pecot 1808 Shortcut Highway 100 percent Payless Shoes, LA Fitness, Kohl's, Lane Bryant, ULTA Slidell 2014 Beauty and more! Stirling Properties

Stirling Slidell Centre 345,000 61121 Airport Road 90 percent Target, Academy Sports + Outdoors, Ross Dress For Less, Thomas Bryan Slidell 2003 PetSmart, Shoe Carnival Stirling Properties

Whole Foods (Opening 2016), Stein Mart, Bed Bath & Premier Centre 273,000 Beyond, T.J.Maxx, Barnes & Noble, F21 Red (Fall 2015), Rhonda Sharkawy 3474 U.S. Highway 190 100 percent Old Navy, Gap/Gap Kids, Rack Room Shoes, Banana Stirling Properties , LA Mandeville 2000 Republic

Pavillion Shopping Center 267,042 Beau Barkerding 1000 W. Esplanade Ave. 37 percent At Home,Mattress Firm, McAlisters Kenner 1988 Retail Specialist, LA

The Shops at Canal Place 260,000 333 Canal St. 98 percent Saks Fifth Avenue, Brooks Brothers, Tiffany & Co., The Lisa Manzella New Orleans 1983 Theatres at Canal Place The Shops at Canal Place, LA

Algiers Plaza 237,514 4100 Gen. DeGaulle Drive 85 percent Winn Dixie, Walgreens, TJ Maxx, Ross, Burkes, Petco Benedikt Bolz New Orleans 1980, remodeled in 2014 PMAT , LA

Magnolia Shopping Center 226,844 James V. Kellett 7000 Veterans Blvd. 100 percent K-Mart,Chuckie Cheese, Jo-Ann Fabrics Robert M. Steeg Metairie 1980 Magnolia Shopping Center, LA

Carrollton Shopping Center 225,000 Katina V. Spera 3300 S. Carrollton Ave. 98 percent Costco, CVS, Family Dollar Carrollton Central Plaza Associates, Carrollton 2013 LA

Holiday Park 224,500 3500-3580 Holiday Drive 80 percent H&R Block, Papa Johns, State Farm David Waltemath Algiers 2006 Classic Properties

K-Mart Shopping Center 199,960 2940 Veterans Blvd. 100 percent N/A Ronald R. Rauber Metairie 1992 Select Properties Ltd. Realty, LA

Seville Plaza Shopping Center 187,132 1905 W. Thomas St. 91 percent Albertsons, Aaron's, Big Lots, Snap Fitness, CiCi's Pizza Rhonda Sharkawy Hammond 2000 Stirling Properties

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company Joe Gardner Oak Ridge Plaza 179,803 Vincent Vastola Aaron's, Stage, Tuesday Morning, Dollar Tree, Budget Marrero Land and Improvement 1951-1999 Barataria Blvd. 95 percent Saver Marrero 1978 Association Ltd., LA Stirling Properties , LA Family Dollar, Auto Zone, Cash America Pawn, Capital One Gentilly Shopping Center 169,000 Bank, Sherwin Williams, FootLocker, Radio Shack, United Judy Slack 3043-3163 Gentilly Blvd. 90 percent States Post Office, Sally's Beauty, H&R Block, Subway, NAI Latter & Blum Inc. Realtors New Orleans 1964 Anytime Fitness, Kool Smiles, Payless Shoe, Rainbow, T- Mobil, Cash Cow, Go Auto, Pizza Hut

Midtown Square Shopping Center 152,547 Office Depot, Hobby Lobby, Stage, Harbor Freight, Burke's Robert M. Israel 1555 Gause Blvd. 98 percent William M. Place Slidell 1997 Outlet Lauricella & Associates, Inc., LA

Riverside Market Shopping Center 146,000 5300 Tchoupitoulas St. 90 percent SteinMart, PETCO,Pier 1, Winn Dixie, Beau Barkerding New Orleans 1988 Retail Specialist, LA

Northside Plaza 142,067 101 Gause Blvd. 76 percent Planet Fitness, Save A Lot Barry Spizer Slidell 1975/2006 SRSA Commercial Real Estate, LA

The Mall 138,782 8700 W. Judge 96 percent Big Lots, Save a Lot, IHop and Churchill Downs Kenny Hurst Chalmette 2011 The Stevens Realty Group Inc., LA

Celebration Center 134,000 2001 Airline Drive 100 percent Celebration Church, Premier Fitness, Tuesday Morning Robert K.H. Stevens Metairie 2007 The Stevens Realty Group, Inc., LA

Manhattan Crossing Shopping 128,772 Robert M. Israel Center 2424 Manhattan Blvd. 59 percent Hobby Lobby, You Fit Health Clubs, Panera Bread William M. Place Harvey 2015 Lauricella & Associates, Inc., LA

Plaza 190 Shopping Center 115,135 114-196 Gause Blvd. W. 96 percent Big Lots, Rite Aid, Family Dollar, Rent-A-Center, Tuesday Brandon Gerak Slidell renovated 2000 Morning Stirling Properties

Lapalco Village Shopping Center 111,221 Robert M. Israel 5901-5999 Lapalco Blvd. 50 percent Family Dollar, Cash America Pawn, Joe's Cafe William M. Place Marrero 1994 Lauricella & Associates, Inc., LA

6001 Bullard 110,000 6001 Bullard Ave 0 percent N/A Keith Adler New Orleans East N/A Corporate Realty,Inc., LA

Mid-City Market 108,763 401 N. Carrollton Ave. 98 percent Winn-Dixie, Office Depot, Jefferson Feed Pet & Garden Joe Gardner Mid-City 2013 Center, Panera Bread, Verizon Wireless, Felipe's Taqueria Stirling Properties

Westland Shopping Center 108,074 2500 Williams Blvd. 87 percent N/A Marc Dusang Kenner 1966 Morguard Management Co. Inc., LA

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company Magnolia Marketplace S. Claiborne Avenue and Toledano 105,979 T.J.Maxx, Ross Dress For Less, Michaels, PetSmart, Shoe 100 percent Rhonda Sharkawy Street Carnival, ULTA Beauty, Capital One, Raising Cane's, Stirling Properties, LA New Orleans - Central City 2015 Subway, T-Mobile

6851 Veterans Blvd. 92,992 6851 Veterans Blvd. 90 percent Office Depot, Babies R US, PetSmart Katina V. Spera Metairie N/A

Bullard Square Shopping Center 90,000 Wade T. Verges 7500 Bullard Ave. 100 percent N/A Eastern New Orleans 2004/renovated 2008 7500 Bullard LLC, LA

Old Metairie Village Shopping 83,429 Malcolm M. Dienes CPA, Simply Fit, US Post Office, Joe Gardner Center 100 percent 701 Metairie Road 1987 Massage Eny, Zoes Ktichen, Naked Pizza Stirling Properties Metairie

Airline Park Shopping Center 79,208 Robert M. Israel 6500 Airline Drive 95 percent Auto Zone, Save-A-Lot, Citi Trends, Family Dollar William M. Place Metairie 1958 Lauricella & Associates, Inc., LA

Manhattan West Shopping Center 77,210 Robert M. Israel 1500 Westbank Expressway 88 percent Marshalls, Office Depot, Charming Charlie William M. Place Harvey 2008 Lauricella & Associates, LA

Holiday Square Shopping Center 73,000 Beau Barkerding 4001 Gen. Degaulle Drive 95 percent Rouses,Gold's Gym Retail Specialist, LA Algiers 1999

Barlon Plaza Shopping Center 67,415 Eben T. Watkins 7101 Veterans Blvd. 100 percent Walgreens, Big Lots, Dollar General, Kajan Uniforms Metairie 1961 Eben Watkins & Associates

Oakridge Place Shopping Center 60,722 Langenstein's Supermarket, Pier 1 Imports, Rite Aid, Joe Gardner 800 Metairie Road 100 percent Capital One, Hallmark, PJ's Coffee Stirling Properties Metairie 1978/renovated 1994

The Marketplace at Jackson 56,470 Brewery 100 percent H&M, Urban Outfitters, Landry's Seafood Restaurant Arnold Cooper 400 N. Peters St. 1878 DBIC Property Management Inc., LA French Quarter

Jackson Brewery Millhouse 54,000 arnold cooper 600 Decatur St. 97 percent Chico's, Perlis DbIC Property Management, LA French Quarter 1996

Manhattan Village 53,147 Popeye's, Rotolo's, Tutti Frutti, Gold's Gym, Subway, PJ's 1545 Lapalco Blvd 76 percent Barry Burkart Harvey 70058 1986 Coffee, H & R Block Premimum Jack Stumpf & Assoc., LA

Chalmette Plaza 51,000 Duff Friend 8400 W. Judge Perez Drive 60 percent Dollar General Latter & Blum, LA Chalmette 2012

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company

1200 Place Centre in Mandeville 50,000 Robert G. Tufts 1200 W. Causeway Approach 70 percent N/A Christie Tufts Mandeville 1985 KW Commercial, LA

Festival Plaza 50,000 8700 Lake Forest Blvd. 0 percent N/A Wade T. Verges Eastern New Orleans 1990/renovation incomplete Verges Properties, LA

Colonial Shopping Center 43,947 7373 Jefferson Highway 38 percent N/A Marc Dusang Harahan 1975 Morguard Management Co. Inc., LA

Bullard Corporate Center 40,000 5555 Bullard Ave. 50 percent Davita Dialysis Wade T. Verges Eastern New Orleans 2004/renovated 2006 5555 Bullard LLC, LA

Smith Lupo Center 38,000 145 Robert E. Lee Blvd. 90 percent Fidelity Bank, Chateau Cafe, Dr. Mary Lupo R. Tom Lupo Lakeview 1971/2006 Lupo Enterprises, LA

Bullard Center 37,271 6003 Bullard Ave. 33 percent Aarons, Papa Johns, City Gear, US Agencies Keith Adler New Orleans East 1987 Corporate Realty Inc., LA

Zuppardo Center 30,000 400 Lapalco Blvd. 95 percent N/A Jack Stumpf Gretna 1980 Jack Stumpf & Associates Inc., LA

Robert E. Smith Shopping Center 30,000 801-833 Harrison Ave. 100 percent Lakeview Grocery, West Marine R. Tom Lupo Lakeview 2006 Lupo Enterprises, LA

The Forum 27,970 Ronald R. Rauber 3131 Veterans Blvd. 100 percent Mellow Mushroom, Massey's Sporting Goods Select Properties Ltd. Realty, LA Metairie 1997

Belle Terre Shopping Center 26,000 Joe Maerke 1152-1180 Terry Parkway 60 percent N/A Jack Stumpf & Assoc., LA Terrytown 1985

Market Square Shopping Center 24,000 Wade T. Verges 9301 Lake Forest Blvd. 80 percent N/A Verges Properties, LA Eastern New Orleans 2006

NorthPark Village 24,000 206 Lake Drive 94 percent N/A Barry Spizer Covington 2004/2009 SRSA Commercial Real Estate, LA

Manhattan Shopping Center 17,000 1818 Manhattan Blvd. 100 percent Verizon Bobby Hebert Harvey 2004 Jack Stumpf & Associates Inc., LA

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company

Woodland Center 16,500 4600 Highway 22 90 percent Endodontics Center, Coastal Orthotics Michael D. D'Amico Mandeville 1985 Property One Inc., LA

5029 Veterans 15,104 5029 Veterans Blvd. 75 percent Title Boxing, Subway, Marco's Pizza, St. Charles Lighting David da Cunha Metairie 1970s Property One, Inc., LA

Vincent Vastola Belle Barataria Centre 14,000 Joe Gardner 1855 Barataria Blvd. 80 percent Quiznos, Shane's Rib Shack Marrero Land and Improvement Marrero 2005 Association Ltd., LA Stirling Properties

Madison Place Shopping Center 14,000 Joseph W. Carroll II 300 Dalwill Drive 85 percent N/A Mandeville 2005 Latter & Blum Inc., LA

Frenchman's Creek Shopping Susan Wallace 13,397 Donna Gaudet Center 100 percent N/A 2221 Transcontinental Drive 1978/2009 renovated 1st Lake Commercial Properties, Inc., Metairie LA

1600 West Centre 12,000 Robert G. Tufts 1600 W. Causeway Approach 70 percent N/A Christie Tufts Mandeville 2007 KW Commercial, LA

Willow Tree Shopping Center 12,000 Wade T. Verges 7701 Dwyer Road 60 percent N/A Eastern New Orleans 1985/renovated 2008 Verges Properties, LA

3000 Loyola 11,500 Voodoo BBQ, City Gear, Little Caesars Pizza, Boost Darren Aschaffenburg 3000 Loyola 100 percent Mobile, Subway, Ace Cash Express Beau Box Commercial Real Estate, LA Kenner 2014

Henna Plaza 11,460 Barry Burkart 1401 Westbank Expy. 100 percent La Fittness, H & R Block Jack Stumpf & Associates , LA Westwego 2000

Lapalco Shopping Center 11,000 Jack Stumpf 320 Lapalco Blvd. 87 percent N/A Jack Stumpf & Associates Inc., LA Gretna 1984

Susan Wallace Millstream Shopping Center 10,270 3440 Division St. 100 percent N/A Donna Gaudet Metairie 1988/2000 1st Lake Commercial Properties, Inc., LA

Williams Lupo Shopping Center 9,200 900-910 Harrison Ave. 100 percent Mondo, Shop Angelique, Coral Reef R. Tom Lupo Lakeview 2006 Lupo Enterprises, LA

ranked by total rentable square feet

Shopping center Total rentable square feet Address Percent occupied Leasing agent Area Year completed Major tenants Leasing company Susan Wallace Whitewater Creek 8,417 Donna Gaudet 6824 Veterans Blvd. 81 percent N/A 1st Lake Commercial Properties, Inc., Metairie 1979/renovated 2011 LA

Alvena Smith Lupo Shopping 8,150 Center R. Tom Lupo 901-911 Harrison Ave. 100 percent Lakeview Harbor, Young's Cleaners, Tastee Restaurant Lupo Enterprises, LA Lakeview 2006

Oakwood Plaza 8,000 93 Terry Pky 100 percent Aribica's Coffee, Blahnik Vision Center Barry Burkart Terrytown 1999 Jack Stumpf & Assoc., LA

Susan Wallace Grove I 7,645 4917 W. Napoleon Ave. 100 percent N/A Donna Gaudet Metairie renovated 2009 1st Lake Commercial Properties, Inc. , LA Susan Wallace Grove II 2,002 3399 W. Esplanade Ave. 100 percent N/A Donna Gaudet Metairie 1986 1st Lake Commercial Properties, Inc., LA The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness Newspaper, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Warehouse space

ranked by total square feet

Leasing agent Property name Leasing company Address Total square feet Rail service Email Area Percent occupied Loading dock Rent range per square foot Phone Ben Derbes Delchamps Facility 665,867 Y Max J. Derbes Inc. 407 Pride Blvd. 100 percent Y NFR New Orleans Hammond 733-4555 James A. Barse Former Celotex Facility 431,200 N NAI/Latter & Blum Inc. 7500 Fourth St. 0 percent Y $3.25 New Orleans Marrero 340-9339 Elmwood Distribution Center Katina V. Spera 5602 Jefferson Highway 370,079 N $5.50 835-8000 Elmwood 95 percent Y Trimble Green Riverbend Distribution Center I 367,320 N NAI/Latter & Blum Inc. 100 Riverbend Blvd. 100 percent Y $4.00 - $6 New Orleans St. Rose 569-9412 Robert D. Bridgewater 1420 Sam's Ave. 357,790 Y Bridgewater Properties 1420 Sam's Ave. 90 percent Y $4.25-$4.75 New Orleans Elmwood 733-9638 Kevin Kelly Airline Highway Commerce Center 10057 Airline Drive 275,000 Y $6 PCS Developments 70 percent Y New Orleans St. Rose 628-6000 Key: N=No, Y=Yes, NFS=Not for sale, NFR=Not for rent, N/A=not available/not applicable, CAM=Common area maintenance, TTT=Triple net lease, The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Real Estate Trends 2015 37A Warehouse space

ranked by total square feet

Leasing agent Property name Leasing company Address Total square feet Rail service Email Area Percent occupied Loading dock Rent range per square foot Phone Duff Friend 6200 Humphreys St. 267,500 N Latter & Blum Inc. 6200 Humphreys St. 96 percent Y $3.75 New Orleans Harahan 569-9351 Edward Halpern Offices 1050 259,251 N SJD-CC 1050 S. Jefferson Davis Parkway 78 percent Y $1-$6 New Orleans Mid-City 304-3300 Jennifer A. Lee James Distribution Center I 253,614 N Sealy & Co. Inc. 310 James Drive E. 100 percent Y N/A St. Rose St. Rose 463-5600 Kevin Kelly River Road Commerce Center 243,600 Y PCS Developments 640 River Road 66 percent Y $5.50 New Orleans Westwego 628-6000 Kevin Kelly 701 Thayer St. 242,400 N PCS Developments 701 Thayer St. 50 percent Y $5 New Orleans Algiers 628-6000 Kevin Kelly 800 Atlantic St. 242,400 N PCS Developments 800 Atlantic St. 50 percent Y $5 New Orleans Algiers 628-6000 Kevin Kelly 5200 Coffee Drive 225,000 Y PCS Developments 5200 Coffee Drive 75 percent N $7 New Orleans Uptown 628-6000 Robert D. Bridgewater Mid City Business Park 216,000 N Bridgewater Properties 300 Jefferson Hwy 100 percent Y $4.00-$4.50 New Orleans Jefferson 733-9638 Kevin Kelly 6040 Beven St. 213,600 N PCS Developments 6040 Beven St. 100 percent Y $6 New Orleans Elmwood 628-6000 Gerard E. Henry Labarre Business Center 210,000 N Max J. Derbes Inc. 901 Labarre Road 100 percent Y NFR New Orleans Labarre Business Park 733-4555 1000 Elmwood Park 193,859 N Katina V. Spera 1000 Elmwood Park Blvd. $4 835-8000 Harahan 100 percent Y David B. Quinn 600 St. George Ave. 600 St. George Ave. 180,025 N NFR Max J. Derbes Inc. Elmwood Business Park 100 percent Y New Orleans 733-4555 Trimble Green Riverbend Distribution Center II 101 Delta Drive 180,000 N $4.00 - $10 NAI/Latter & Blum Inc. St. Rose 100 percent Y New Orleans 569-9412 Charles M. Mullin Building 7 200 Crofton Road 177,600 N N/A RE/MAX Commercial Brokers Inc. Kenner 100 percent Y Metairie 838-0001 Kevin Kelly Michoud Boulevard Commerce Center 4200 Michoud Blvd. 176,000 N $5 PCS Developments New Orleans 100 percent Y New Orleans 628-6000 Kevin Kelly 1401 S. Clearview Parkway 162,000 N PCS Developments 1401 S. Clearview Parkway 0 percent Y $6 New Orleans New Orleans 628-6000 Gerard E. Henry K&B Elmwood Distribution Center 159,831 N NFR Max J. Derbes Inc. 1300 Edwards Ave. 100 percent Y New Orleans Elmwood Business Park 733-4555 Key: N=No, Y=Yes, NFS=Not for sale, NFR=Not for rent, N/A=not available/not applicable, CAM=Common area maintenance, TTT=Triple net lease, The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 38A New Orleans CityBusiness • November 27, 2015 Warehouse space

ranked by total square feet

Leasing agent Property name Leasing company Address Total square feet Rail service Email Area Percent occupied Loading dock Rent range per square foot Phone Gerard E. Henry 2601-2603 L&A Road 143,208 N Max J. Derbes Inc. 2601 L&A Road 100 percent Y NFR New Orleans Metairie 733-4555 Trimble Green Parkway Center II 136,000 N NAI/Latter & Blum Inc. 700 Elmwood Park Blvd. 100 percent Y $4.00 - $6 New Orleans Elmwood Business Park 569-9412 David B. Quinn Industry Road Distribution Center 116,320 N Max J. Derbes Inc. 940 Industry Road 77 percent Y $3.00 - $4 New Orleans Kenner 733-4555 Duff Friend 7400 Townsend Place 112,500 N Latter & Blum Inc. 7400 Townsend Place 100 percent Y $3 New Orleans Eastern New Orleans 569-9351 1008 Elmwood Park Katina V. Spera 1008 Elmwood Park Blvd. 104,000 N $4 835-8000 Harahan 0 percent Y David B. Quinn 5042 Bloomfield St. 100,000 N Max J. Derbes Inc. 5042 Bloomfield St. 100 percent Y NFR New Orleans Elmwood Business Park 733-4555 Key: N=No, Y=Yes, NFS=Not for sale, NFR=Not for rent, N/A=not available/not applicable, CAM=Common area maintenance, TTT=Triple net lease, The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002.

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Real Estate Trends 2015 39A Warehouse space

ranked by total square feet

Leasing agent Property name Leasing company Address Total square feet Rail service Email Area Percent occupied Loading dock Rent range per square foot Phone Gerard E. Henry 803 Jefferson Highway 98,072 N Max J. Derbes Inc. 803 Jefferson Highway 56 percent Y $5 New Orleans Jefferson 733-4555 Duff Friend 132 Harbor Circle 92,645 N Latter & Blum Inc. 132 Harbor Circle 100 percent N $3 New Orleans Eastern New Orleans 569-9351 Joseph W Carroll 61450 Lemieux Blvd. 61450 Lemieux Blvd. 90,000 N $2 Latter and Blum 0 percent Y Mandeville Lacombe 782-5200 Brookhollow Center 89,335 N Katina Spera 5800 Jefferson Highway 100 percent Y $5.00 The Feil Organization Elmwood 835-8000

Edward Halpern Halpern Warehouse 82,500 N 1148 S. Peters St. $12 SJD-CC Warehouse District 10 percent N New Orleans 304-3300 James Barse 2800 Peters Road 78,690 N 2800 Peters Road $3.50 NAI/Latter & Blum Inc. Westbank 0 percent Y New Orleans 340-9339 Trimble Green Parkway Center I 65,504 N 550 Elmwwod Park Blvd./5400 Pepsi St. $4.25 - $10 NAI/Latter & Blum Inc. Elmwood Business Park 90 percent Y New Orleans 569-9412 155 Brookhollow Esplanade Katina V. Spera 155 Brookhollow Esplanade 65,324 N $4 835-8000 Jefferson 100 percent Y Jennifer A. Lee Sealy Business Center I 64,750 N Sealy & Company Inc. 115 Canvasback Drive 100 percent Y N/A St. Rose James Business Park 463-5600 Trimble Green Cypress Point Business Center 61,444 N NAI/Latter & Blum Inc. 660-668 Distributors Row 100 percent Y $4.00 - $12 New Orleans Elmwood Business Park 569-9412 Jennifer A. Lee Sealy Business Center III 49,800 N Sealy & Company Inc. 150 Widgeon Drive 100 percent Y $6.50 St. Rose St. Rose 463-5600 Trimble Green Riverbend Service Center 44,273 N NAI/Latter & Blum Inc. 1000 Riverbend Blvd. 100 percent Y $7.00 - $12 New Orleans St. Rose 569-9412 David B. Quinn 246 Harbor Circle 44,000 N Max J. Derbes Inc. 246 Harbor Circle 100 percent Y NFR New Orleans Lakratt Business Park 733-4555 Jennifer A. Lee Canvasback 40,500 N Sealy & Company Inc. 150 Canvasback Drive 100 percent Y N/A St. Rose James Business Park 463-5600 Key: N=No, Y=Yes, NFS=Not for sale, NFR=Not for rent, N/A=not available/not applicable, CAM=Common area maintenance, TTT=Triple net lease, The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. 40A New Orleans CityBusiness • November 27, 2015 Warehouse space

ranked by total square feet

Leasing agent Property name Leasing company Address Total square feet Rail service Email Area Percent occupied Loading dock Rent range per square foot Phone Gerard E. Henry 2501 L&A Road 2501 L&A Road 38,720 N NFR Max J. Derbes Inc Labarre Business Park 100 percent Y New Orleans 733-4555 Joe Kramer Conrad Anderson Warehouse 25,000 N Stirling Properties 47081 Conrad Anderson 100 percent Y not listed for rent Covington Hammond, LA 236-7279 [email protected] Joe Kramer 1700 Corbin Road Warehouse 24,750 N Stirling Properties 1700 Corbin Road 0 percent Y $2.95 - $3.85 Covington Hammond 236-7279 Joe Kramer Batesville Corbin Road Warehouse 24,750 N $2.95-$3.85 psf Stirling Properties 1700 Corbin Road 0 percent Y Covington Hammond 236-7279 Gerard E. Henry 1021 Al Davis Road 21,000 N Max J. Derbes Inc. 1021 Al Davis Road 100 percent N NFR New Orleans Elmwood Business Park 733-4555 Joe Kramer 43254 S. Airport Road Warehouse 20,000 N $4.95 plus NNN Stirling Properties 43254 S. Airport Road 75 percent Y Covington Hammond 236-7279 134 Harbor Circle 15,000 N Duff Friend 134 Harbor Circle $3 Latter & Blum N/A 100 percent N 569-9351 Susan Wallace Skyway Park 14,648 N 1st Lake Commercial Properties Inc. 30 Crofton Road 100 percent Y $4 Metairie Kenner 455-8644 Ben Derbes Pelican Service Center 10,500 N NFR Max J. Derbes Inc. 1401 Distributors Row 100 percent N New Orleans Elmwood Business Park 733-4555 Joseph W Carroll 1690 South Lane Warehouse 10,000 N Latter and Blum 1690 South Lane 100 percent Y $6.29 total with 1/2 TTT Mandeville Mandeville 782-5200 Skip Weber 4729 Sanford St. 9,200 N NAI/Latter & Blum Inc. 4729 Sanford St. 100 percent Y $5.22 New Orleans N/A 887-3929 Skip Weber 1359 Veterans Blvd. 6,400 N NAI/Latter & Blum Inc. 1359 Veterans Blvd. 0 percent N $6.38 New Orleans N/A 887-3929 Joseph W Carroll 1455 Collins Warehouse 5,200 N Latter and Blum 1455 Collins Blvd. 100 percent N $10.16+- total with TTT Mandeville Covington, LA 782-5200 Joe Kramer 43254 S. Airport Rd. Unit 2 Stirling Properties 5,000 N Covington 43254 S. Airport Rd. 0 percent N $4.95 psf + NNN Hammond, LA 236-7279 [email protected] Susan Wallace 212 23rd St. 3,805 N Donna Gaudet 212 23rd St. 100 percent N $4.10 1st Lake Commercial Properties, Inc. Kenner Metairie 455-8644 Skip Weber 56742 Dwyer Ave. 56742 Dwyer Ave. 2,000 N $8.04 NAI/Latter & Blum Inc. Realtors Slidell 0 percent N New Orleans 887-3929 Key: N=No, Y=Yes, NFS=Not for sale, NFR=Not for rent, N/A=not available/not applicable, CAM=Common area maintenance, TTT=Triple net lease, The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 3445 N. Causeway Blvd., Suite 901, Metairie, 70002. Real Estate Strategies Delivered

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Investment Development Leasing Management Daniel P. Poulin, CCIM, SIOR [email protected]

We leverage our experience and relationships Jennifer A. Lee, to bring maximum benefit to your CCIM, SIOR [email protected] real estate transactions. Sealy brokers, who hold significant experience in industrial, office, retail, and land, provide superior service and deliver results.

Sealy & Company 150 James Drive East, Suite 140 St. Rose, LA 70087 504.463.5600 | www.SEALYNET.com