Real Estate Trends - New Orleans City Business

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~~~~~~~~~~~~~~~~~~~~~ 

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Real Estate Trends 2009 

Contents 

Area coverage map 

Central Business 

District . . . . . . . . . . . . . . .4 . . . . . . . . . . . 11 

Center City . . . . . . . . . . .12 . . . . . . . . . . 14 

Eastern New Orleans 

and Chalmette . . . . . . . .15 . . . . . . . . . . 17 

Kenner and 

St. Charles Parish . . . . .18 . . . . . . . . . . 20 

Metairie and 

East Jefferson . . . . . . . .20 . . . . . . . . . . 26 

North Shore . . . . . . . . . .27 . . . . . . . . . . 31 

West Bank . . . . . . . . . . .31 . . . . . . . . . . 32 

Lists 

Commercial leasing 

companies . . . . . . . . . . . . . . . . . . .34 

Commercial property 

managers . . . . . . . . . . . . . . . . . . . .36 

Flex space . . . . . . . . . . . . . . . . . . .38 

Shopping centers . . . . . . . . . . . . .40 

Business parks . . . . . . . . . . . . . . .45 

Warehouse space . . . . . . . . . . . . .47 

The data published in 

Real Estate Trends is compiled 

every six months by the 

CityBusiness research department. 

Published by the NOPG LLC 

111 Veterans Memorial Blvd., 

Suite 1440, Metairie, La. 70005 

504-834-9292; Fax: 504-837-2258. 

Publisher and president: D. Mark Singletary 

Associate Publisher: Lisa Blossman 

Managing Editor: Greg LaRose 

News Editor: Christian Moises 

Associate Editor: Autumn C. Giusti 

Art Director: Alex Borges 

Market Researcher: Jennifer Nall 

Account Executives: Liz Baldini, Monique Brignac, 

Jeanne Farrell, Cassie Foreman, Coco Evans Judd 

Production Manager: Julie Bernard 

On the cover: Bryan Burns III, senior vice president for 

Transwestern, stands in front of 400 Poydras Tower, which saw 

occupancy jump from 75 percent last year to 81 percent this year. 

Photo by Frank Aymami 

2A 

New Orleans CityBusiness

COMMERCIAL INVESTMENT DIVISION OF THE NEW ORLEANS METROPOLITAN ASSOCIATION 

OF REALTORS® WISHES TO THANK ITS SPONSORS: 

DIAMOND SPONSORS 

Don Randon Real Estate 

GOLD SPONSORS 

First NBC 

Stirling Properties, LLC 

SILVER SPONSORS 

Bank of New Orleans 

Coldwell Banker Commercial 

TEC REALTORS® 

Jack Stumpf & Associates, Inc. 

Larry G. Schedler & Associates, Inc. 

Louisiana REALTORS® 

Merrill Lynch/Bryan McClendon 

& Edward Malone 

RE/MAX Commercial Brokers, Inc. 

Red Hot Properties 

Sylvia Roy, CCIM 

THE STEEG LAW FIRM, LLC 

The Stevens Group, Inc. 

BRONZE SPONSORS 

Artigues Construction Co., Inc. 

Beth Cristina, LLC 

Crescent Title, LLC 

Criterium-Dormady Engineers 

Glen Johnston of Johnston Cross 

Max J. Derbes, Inc. 

Morgan Keegan & Company, Inc. 

Prudential Gardner, REALTORS® 

Sher Garner Cahill Richter Klein & Hilbert, LLC 

Talbot Realty Group 

THE CID ACHIEVEMENT AWARDS BANQUET RECOGNIZES 

ITS TOP COMMERCIAL REAL ESTATE PRODUCERS OF 2008 

1st Row (left to right): Sandy Preston, Frann Ryan, Meg Carrone CCIM, Rhonda Sharkawy, Kirsten 

Early CCIM, Judy Slack, Lucy Chun, Colleen Berthelot CCIM, SIOR 

2nd Row: Andrea A. Huseman CCIM, Richard Juge CCIM, SIOR, CIPS, Beth Cristina, ALC 

Martin O. Miller III, Sandra Corrigan SIOR, Skip Weber CCIM 

3rd Row: Bennett Davis CCIM, Steve Reisig CCIM, David Quinn SIOR 

4th Row: Michael Wilkinson, Bobby Talbot CCIM, Bert Duvic CCIM, SIOR 

5th Row: Mark Inman CCIM, Gerard Henry SIOR, Greg Riera, Ben Derbes, Schaffer Mickal 

Award Winners Not Pictured: James Barse CCIM, SIOR, Michael D’Amico, Duff Friend SIOR, 

Joe Gorman III, Trimble Green, Robert Hand, Keith Henry SIOR, Jennifer A. Lee CCIM, SIOR, Peter Lombardo, 

Dan Poulin CCIM, SIOR, Brian Rourke CCIM, SIOR, Larry G. Schedler CCIM, Barry Spizer CCIM

REAL ESTATE TRENDS 2009 

Central Business District and Center City 

photo by Frank Aymami 

Bryan Burns III, senior vice president for Transwestern, 

says commercial real estate in the Central Business District 

is in a period of equilibrium between supply and demand. 

By Tommy Santora 

mail@nopg.com 

Contributing Writer 

The impressive start to the New Orleans 

Saints’ season has boosted the morale 

of the community. Now an offshoot of Tom 

Benson’s franchise is trying to boost the 

city’s real estate market. 

In the largest commercial real estate 

transaction since Hurricane Katrina, the 

Benson family, through their company 

Zelia LLC, bought the 26-story Dominion 

Tower office building, the 400,000- 

square-foot New Orleans Centre mall and a 

2,000-space parking garage from California 

real estate firm Hertz Investment Group for 

$42.1 million. The office building is now 

known as the Benson Tower. 

As part of a long-term lease agreement 

to keep the Saints in New Orleans, the 

state has agreed to occupy more than half 

of the office space in Benson Tower with 

800 to 900 workers by July. Benson has 

pledged $10.5 million to convert New 

Orleans Centre into a sports and entertainment 

venue. Dominion Tower has 

been empty since the storm except for the 

Louisiana State University Health Science 

Center Ambulatory Care Clinic on the 

ground floor. 

The Benson family plans to spend about 

$12.5 million preparing the office space for 

the state, plus another $21.7 million repairing 

the storm-damaged property. 

“Being a tenant in these buildings is an 

opportunity for these companies to offer 

their employees a high quality of life through 

their working experience,” said Saints 

Executive Vice President Rita Benson 

LeBlanc. “Based upon the demand we are 

experiencing, we are very confident that the 

building will be fully leased before it opens 

following construction.” 

The Bensons could not have picked a 

better time to enter the downtown office 

space market, as office occupancy rates in 

the Central Business District are at an alltime 

high, according to a third-quarter 

report by Metairie-based Equity Office 

Properties and leasing director Bruce 

Sossaman. 

Take your 

business 

to new 

heights... 

New Garage/ 

Ground Floor 

Retail Space 

Realty 1, LLC 

For Leasing Information 

or a Property Tour 

Please Call Sandra Corrigan at 

(504) 566-1400 

1340 Poydras 

1010 Common 

REAL ESTATE 

lose p 

The CityBusiness Real Estate CloseUp is 

sent to our subscribers every Friday. 

Be the first to learn about the latest real 

estate news and information from the 

greater New Orleans region. 

Advertise on the Real Estate CloseUp– 

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Only three advertising positions 

are available on the Real Estate CloseUp. 

Secure your spot now! 

For advertising information contact 

LISA BLOSSMAN 

504-293-9226 • lisa.blossman@nopg.com 

4A 


“ 

The market stats are very strong, 

we are at a nice equilibrium of 

supply and demand, and the 

market is holding steady.” 

Bryan Burns III 

Transwestern senior vice president 

A Premier Location 

is Just the Beginning 

About 92 percent of premium commercial 

office space, or Class A, was listed as 

occupied at the end of the third quarter, up 

from 90 percent the same time a year ago, 

while 87 percent of Class B office space is 

occupied, up from the 86 percent in the 

second quarter of 2009. 

Average downtown rents are holding 

steady at $18 per square foot for Class A, 

while Class B rents average $14.50 per 

square foot. 

Bryan Burns III, senior vice president 

for Transwestern, a private national commercial 

real estate company, said his company’s 

three Class A office buildings in 

downtown New Orleans have all seen 

increased occupancy with 400 Poydras 

Tower jumping from 75 percent last year 

to 81 percent this year; 650 Poydras St. 

increasing from 75 percent to 85 percent; 

and 909 Poydras going from 85 percent to 

97 percent. 

The U.S. Government General Services 

Administration recently signed a lease to 

move from the federal building at 500 

Poydras St. to 650 Poydras St. and occupy 

65,000 square feet. Burns said they are still 

working on a timeframe, but it should take 

place in 2010. 

“The market stats are very strong, we 

are at a nice equilibrium of supply and 

demand, and the market is holding 

steady,” Burns said. “There are a lot of 

good things happening downtown, and 

the Benson Tower transaction will help 

with real positive development for the 

area around the Superdome.” 

But there are still several unoccupied 

office buildings that haven’t reopened, 

including Chevron’s former headquarters 

at 935 Gravier St. 

“You would need $25 to $30 per 

square foot of rent to make construction 

of a new building worthwhile, and we’re 

not seeing that kind of market come 

online,” Sossaman said. “Chevron was 

built as a single-tenant building, and you 

really need an owner/user type situation 

like we almost had with City Hall to warrant 

renovation or construction.”• 

Energy Centre 

New Orleans, Louisiana 

This premier address in the 

heart of New Orleans’ CBD is 

an ideal location for business. 

Energy Centre features a 

state-of-the-art design with 

a superior technological 

operating system, and is in 

walking distance to the city’s 

most sought after destinations. 

© 2009 Behringer Harvard 

Discover 

Energy Centre. 

Call Meg Carrone 

at Corporate Realty, 

504.569.2052 

Real Estate Trends Fall 2009 

5A

Central Business District 

(ranked by total leaseable square feet) 

2009 

Rank 

1 

2 

Building name 

Address 

One Shell Square 

701 Poydras St. 

Place St. Charles 

201 St. Charles 

Ave. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

1,256,991 96 

percent 

1,004,484 99 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$17 17 

percent 

$20 15 

percent 

Year built/ 

renovated 

1972/1998/ 

2008 

1985/ 

ongoing 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing agent 

Leasing 

company 

Phone 

51 24,000 December Russell 

Marchand 

CB Richard 

Ellis 

New Orleans 

323-7000 

52 25,000 1/1/10 Bennett K. 

Davis 

Corporate 

Realty Inc. 


582-1416 

Place St. Charles – 52 stories of luxury office space with unbeatable amenities make Place St. 

Charles the most prestigious address to house your business. In the heart of the Central 

Business District, Place St. Charles offers all the conveniences of the area while being just a 

short walk to the French Quarter. 

3 

Energy Centre 


761,500 90 

percent 

$17.50 NA 1984/2008 39 30,000 June 1 Meg Carrone 

Corporate 

Realty 


569-2052 

Energy Centre, owned and managed by Behringer Harvard, is located at 1100 Poydras Street in the heart 

of the New Orleans’ business district. The 39-story, 761,500 square foot high-rise office tower is constructed 

of a highly efficient, reflective bronze glass which gives a subtle complement to the hues of the polished 

granite facade. Operating hours are 7:00 am to 8 pm Monday-Friday and 7:00 am to 5 pm Saturday. 

Amenities include quality tenant finishes, 512 parking spaces within the structure, 466 parking spaces in 

the new annex garage and commissioned art throughout the plaza. Crescent Bank & Trust, Allegro’s 

Restaurant, sandwich and sundry shop highlight the main lobby. 

4 Pan-American 

Life Center 


671,883 86 

percent 

$18 15 

percent 

1980/2007 28 36,595 91,846 Greg S. Riera 

Jones Lang 

LaSalle 

Americas Inc. 


585-2678 

NA=nt 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, 111 Veterans Blvd., Suite 1440, Metairie, LA 70005. 

6A 




2009 

Rank 

5 

Building name 

Address 

One Canal Place 

365 Canal St. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

Quoted 

rent 

rate 

high 

Common 

space 

644,127 93 

percent 

$16.50 15 

percent 

Year built/ 

renovated 

1979/1992/ 

2008 

Floors 

Largest 

block of 

space 

available 

(sq. feet) Availability 

32 22,000 could 

make 

100,000 

square 

feet 

available 

Leasing 

agent 

Leasing 

company 

Phone 

Andrea 

Huseman 

Corporate 



587-1450 ext. 

225 

There’s Only One, One Canal Place Office Tower. Unparalleled CBD leasing opportunities for 

top-flight corporations or rising-star businesses; 1,000 – 100,000 sq. ft. of efficiently designed 

contiguous space; unmatched amenities and superior maintenance; riverfront location near the 

French Quarter. 

6 

7 

8 

400 Poydras 

Tower 


First Bank & 

Trust Tower 


1515 Poydras 

Building 


619,714 78 

percent 

545,157 83 

percent 

529,474 75 

percent 

$17 NA 1983 33 50,000 120,000 Cres Gardner 

Kyle 

Stephenson 

Bryan Burns 

Kyle 

Stevenson 

Cres Gardner 

Transwestern 


799-3124 

$18 NA 1987 36 17,048 90,000 Bryan Burns 

Cres Gardner 

Kyle 

Stephenson 

Kyle 

Stevenson 

Cres Gardner 

Transwestern 


799-3124 

$17.50 15 

percent 

1983/2008 27 22,679 130,226 Greg S. Riera 

Jones Lang 

LaSalle 

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 

TOP FLOOR AND VISIBLE GROUND FLOOR SPACE NOW AVAILABLE FOR LEASE 




7A



2009 

Rank 

9 

10 

Building name 

Address 

1010 Common 

Building 

1010 Common 

St. 

Entergy Corp. 

Building 

639 Loyola Ave. 

11 Freeport- 

McMoRan 

Building 


12 

1555 Poydras 

Building 


Total 

leaseable 

square 

feet 

Percent 

occupied 

512,593 80 

percent 

511,600 96 

percent 

507,620 93 

percent 

467,671 99 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$13.75 15 

percent 

$19 15 

percent 

$17 15 

percent 

$17.50 15 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing 

agent 

Leasing 

company 

Phone 

1971/2000 31 45,000 102,518 Sandra 

Corrigan 

Regis Realty I 

LLC 


566-1400 

DESIGNED BY Skidmore Owings & Merrill, 1010 Common Building is a mixed-use complex that offers 

office, retail and restaurant space. The property consists of a thirty-one story office Tower, a fourteen story 

Annex with ground floor retail, self-parking on the second through twelfth floors and office space on the 

thirteenth and fourteenth floors, and a small three-story structure (cross-over) connecting the Buildings. 

THE TOWER AND ANNEX BUILDINGS can offer tenants their own corporate identity/signage. Floor-to-ceiling 

windows with spectacular views, easy access to major transportation arteries, walking distance to New 

Orleans’ finest restaurants, a 532 vehicle self-park garage within the property, 24 hour security, and on-site 

management provide for a professional, safe and convenient environment. 

1010 COMMON is bounded by South Rampart Street, Gravier Street, O’Keefe Avenue, and Common Street 

in the New Orleans Central Business District. Entrance to the garage is located on South Rampart Street. 

1983/2007 28 8,004 immediate Bill Moody 

Poydras 

Properties 

LLC 


522-2535 

1984/NA 23 22,500 immediate Bruce 

Sossaman 

450-5074 

1615 Poydras • Freeport-McMoRan Building 

A distinctive curved design of green marble and reflective glass forms the 23 story 1615 

Poydras Building. Located directly across from the Superdome, 1615 Poydras offers the 

easiest access to and from the interstate system of any office building in the CBD. 

Within walking distance of City Hall, civil district courts, hotels and the Superdome and its 

large parking garage. 1615 Poydras features an on-site restaurant, barbershop and dry 

cleaning delivery. As the only locally owned and operated Class A building in the CBD, the 

building’s experienced management team makes tenant satisfaction its highest priority and 

provides some of the highest quality build-outs and finishes available. Great accessibility, 

excellent parking, and high quality all come together in the 1615 Poydras Building. 

1982/2008 22 3,272 4,991 Greg S. Riera 

Jones Lang 

LaSalle 

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 

13 

Poydras Center 


453,255 97 

percent 

$18.50 NA 1983 28 5,000 15,000 Bryan Burns 

Cres Gardner 

Kyle 

Stevenson 

Transwestern 


799-3124 

8A 




2009 

Rank 

14 

15 

16 

17 

18 

19 

20 

21 

22 

Building name 

Address 

1250 Poydras 

Building 


225 Baronne 

Building 

225 Baronne St. 

Amoco Building 


Whitney National 

Bank Building 


Ave. 



URS Building 

600 Carondelet 

St. 



Ave. 

The IP Building 

643 Magazine St. 

K&B Plaza 


Ave. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

Quoted 

rent 

rate 

high 

Common 

space 

422,890 96 

percent 

$19 15 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing 

agent 

Leasing 

company 

Phone 

1980/2002 24 11,671 immediate Bill Moody 

Poydras 

Properties 

LLC 


522-2535 

422,037 0 percent $0 NA 1960/1988 NA NA building is 

not open 

378,895 93 

percent 

351,782 96 

percent 

286,560 42 

percent 

$14.75 15 

percent 

$14.50 15 

percent 

Sandra 

Corrigan 


LLC 


566-1400 

1977/1997 21 10,000 26,522 Sandra 

Corrigan 


LLC 


566-1400 

THE AMOCO BUILDING is a distinctive 20 story “Class A” office building highlighted by a black reflective 

glass exterior. This distinguished tower is part of the Poydras Plaza mixed use complex. One minute from 

the Poydras and Superdome entrance and exit of I-10 Expressway, The Amoco Building provides a central 

location to government, legal, corporate and financial centers. 

THE TOWER’S INTERIOR and ground floor lobby were recently renovated to enhance the significant 

character of the building. The occupancy of the building reflects a premier tenant roster and has clearly 

established a strong position within the New Orleans Central Business District. 

IDEALLY LOCATED, the Amoco Building has benefited from its convenient access to the work environment 

in the CBD as well as easy access to public transportation, the airport, and surrounding communities. 

1910/1996 14 2,500 immediate Duff Friend 

Latter & Blum 


NA 

$13.50 NA 1953 14 23,612 immediate David R. 

Wright 

Coldwell 

Banker 

Commercial 

TEC Realtors 


566-1777 

115,000 97 

percent 

$13.50 NA 1926/2005 10 3,146 immediate Bobby Talbot 

Talbot Realty 

Group 


NA 

100,000 88 

percent 

84,585 55 

percent 

70,000 95 

percent 

$16.52 0 percent 1966 4 12,000 immediate Andrea Arons 

Huseman 

Corporate 



587-1450 

$16.50 NA 1900/2004 4 20,310 NA Bobby Talbot 


Group 


NA 

$19 NA 1962 7 3,000 immediate Bennett K. 

Davis 

NA 




9A



2009 

Rank 

23 

24 

Building name 

Address 


Building 


St. 

Plaza Building 


Total 

leaseable 

square 

feet 

Percent 

occupied 

51,081 100 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing 

agent 

Leasing 

company 

Phone 

$17 NA 1910/1990 6 0 NA Frederick J. 

Tufts 

Crutcher-Tufts 

Corporation 

Metairie 

887-9327 

44,721 0 percent $15 NA 1958/1984 3 44,721 44,721 Michael J. 

Siegel 

NA 

25 Emeril's 

Homebase 


Ave. 

43,403 100 

percent 

$15 NA 1910/1996 2 0 0 Bobby Talbot 


Group 


NA 

26 

27 

28 

29 

30 

Gravier Place 

837 Gravier St. 

400 Magazine St. 

400-408 

Magazine St. 

Lee Circle Plaza 

818 Howard Ave. 

Fulton Place 

901 Convention 

Center Blvd. 


Building 


35,074 0 percent $18 12 

percent 

1925/1995 3 12,000 immediate Denise Gaines 

Praveen 

Kailas 

Tower Realty 


828-9700 

33,000 81 

percent 

$12 0 percent 1840/1983 4 4,832 immediate Robert C. 

Hassinger 

Hassinger 

Realty LLC 


NA 

27,259 93 

percent 

$14.60 NA 1917/1998 4 1,305 immediate Rick Skelding 

Stirling 

Properties Inc. 


NA 

26,500 75 

percent 

$23 3,500 

percent 

25,288 100 

percent 

1985/1990 8 NA NA Maurice 

Kansas 

Cambridge 

Realty West 

LLC 


522-0548 

$13.50 NA 1935/2001 3 NA NA Rick Skelding 

Stirling 



NA 

31 

32 

300 Lafayette 

Building 

300 Lafayette St. 

The Security 

Center 


St. 

20,000 100 

percent 

13,897 40 

percent 

$16 15 

percent 

$9.50 14 

percent 

1910 / 1984 2 0 NA Andrea 

Huseman 

Corporate 



587-1450 

1923/2008 6 6,800 immediate Bob Sykes 

Security 

Center 


587-2092 


Orleans CityBusiness Newspaper, 111 Veterans Blvd., Suite 1440, Metairie, LA 70005.

Howard 

Cleveland 

CANAL 

CANAL 

CANAL 



MAP 

INTERSTATE 10 

SUPERDOME 

11 

12 

8 

Clara 

Magnolia 

S. Robertson 

Freret 

LaSalle 

Gravier 

Tulane 

S. Claiborne 

S. Robertson 

S. Villere 

LaSalle 

N. Claiborne 

N. Robertson 

N. Villere 

Marais 

Treme 

Iberville 

Perdido 

S. Saratoga 

Crozat 

S. Liberty 

16 

14 

ELK PLACE 

24 

BASIN 

POYDRAS 

Julia 

LOYOLA 

Gravier 

9 

N. Rampart 

PONTCHARTRAIN EXPRESSWAY 

Baronne 

Carondelet 

22 

St. Charles 

28 

Lee 

Poeyfarre 

Julia 

Circle 

Joseph 

Camp 

Howard 

Julia 

Girod 

LOYOLA 

10 

S. Rampart 

O’Keefe 

Baronne 

Julia 

St. Charles 

Magazine 

Joseph 

18 

Girod 

Carondelet 

25 

Church 

Julia 

30 

Tchoupitoulas 

Lafayette 

St. Charles 

Notre Dame 

Commerce 

29 

3 

19 

S. Rampart 

21 

Fulton 

O’Keefe 

7 

23 

Camp 

Constance 

Union 

Penn 

Baronne 

Carroll 

20 

Carondelet 

1 

13 

South Peters 

POYDRAS 

31 

6 

4 

Convention Center Boulevard 

Natchez 

Riverwalk 

15 

26 

17 

27 

Common 

2 

Picayune Pl. 

Magazine 

T choupitoulas 

University Pl. 

Baronne 

32 

Ferry 

Burgundy 

Dauphine 

Bourbon 

Royal 

Exchange Alley 

Chartres 

Decatur 

5 

Mississippi River 


11A

Center City 

(ranked by total leasable space) 

2009 Building name 

Rank Address 

1215 Prytania 

1 Building 

1215 Prytania 

St. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

119,269 95 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing agent 

Leasing 

company 

Phone 

$16 NA 1952 5 2,500 now P.W. Larsen 

593-5343 

2 Buckman 

Medical Office 

Building 

3434 Prytania 

Ave. 

3 Advanced 

Technology 

Center 

2021 Lakeshore 

Drive 

4 

Mid-City Center 

320 N. Carrollton 

Ave. 

79,405 80 

percent 

78,500 80 

percent 

48,000 100 

percent 

$23 NA 1991 / 

ongoing 

$19 12 

percent 

$18 12 

percent 

4 5,000 NA Administration . 

NA 

2001 5 6,057 15,339 Sandi Stone 

University of New 

Orleans Research 

and Technology 

Foundation, Inc. 


NA 

1925/2006 2 0 0 Ernest Verges 

NA 

5 

Smith Lupo 

Center 

145 Robert E. 

Lee Blvd. 

40,000 95 

percent 

$20 14 

percent 

1971/2006 5 1,029 NA R. Tom Lupo 

NA 

6 

1820 St. 

Charles 


Ave. 

7 The 

Marketplace at 

Jackson 

Brewery 

400 North Peters 

St. 

Norman Mayer 

8 Memorial 

Building 

2515 Canal St. 

36,000 100 

percent 

35,000 100 

percent 

34,594 100 

percent 

$15.50 NA 1924/2004 2 0 none Bobby Talbot 


Group 


NA 

$18 NA 1875/1986 2 NA NA Arnold Cooper 

DBIC Property 

Management 

NA 

$12.50 NA 1957/2006 4 NA NA Valerie Howell 

United Way 


NA 

9 

10 

101 Robert E. 

Lee 

101 W. Robert 

E. Lee Blvd. 

Uptown Square 

170 Broadway 

St. 

11 Lakefront 

Professional 

Office Building 

6305-6307 

Elysian Fields 

Ave. 

4640 Building 

12 4640 S. 

Carrollton Ave. 

33,830 86 

percent 

32,825 60 

percent 

30,606 94 

percent 

26,313 86 

percent 

$16 15 

percent 

1982/2008 4 4,880 immediate David Wright 

Coldwell Banker 

Commercial TEC 

Realtors 


NA 

$16 NA 1979 3 3,817 13,419 Bert Duvic 

Joe Gorman 

Max J. Derbes Inc. 


733-4555 

$16 NA 1973/2006 4 721 immediate Warren A. Abadie 

Abadie Properties 

Inc. 

Kenner 

456-2011 

$16.50 12 

percent 

1924/1982 2 2,912 immediate Andrea Arons 

Huseman 

Corporate Realty 

Inc. 


587-1450 

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 


12A 




2009 Building name 

Rank Address 

6221 S. 

13 Claiborne Ave. 

Building 

6221 S. 

Claiborne Ave. 

14 

15 

16 

Bienville Place 

3909 Bienville 

St. 

The Office 

Suites at 1050 

1050 S. 

Jefferson Davis 

Parkway 

506 N. St. 

Patrick 

506 N. St. 

Patrick St. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

24,000 95 

percent 

21,000 80 

percent 

19,940 90 

percent 

628 50 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

$28 NA 1964/2006 3 1,100 one retail 

space 

available 

$15 10 

percent 

$24 10 

percent 

Leasing agent 

Leasing 

company 

Phone 

Lou Good 

NA 

1940/2006 1 2,000 immediate Ernest Verges 

NA 

1948/2000 3 1,388 immediate Edward Halpern 

The Office Suites 

at 1050 


304-3300 

$11.46 0 percent 2009 1 628 immediate Skip Weber 

NAI/Latter & Blum 

Inc. Realtors 


887-3929 



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13A



MAP 

LAKE PONTCHARTRAIN 

Jefferson Parish 

Orleans Parish 

10 

West End 

5 

Robert E. Lee 

Filmore 

Lakeshore 

2 

Leon Simon 

Elysian Fields 

11 

Lake 

Pontchartrain Blvd. 

Harrison 

I-10 

I-610 

Gentilly 



Canal Blvd. 

Canal 

Marconi 

16 

City Park 

Wisner 

Esplanade 

Pontchartrain Expressway 

St. Bernard 

12 

14 

4 

Orleans 

Broad 

Claiborne 

Earhart 

Washington 

Tulane 

15 

Jeff Davis 

8 

Basin 

I-10 

Rampart 

Royal 

Oak 

Carrollton 

Broadway 

Fountainebleau 

13 

Claiborne 

Earhart 

Claiborne 

Martin Luther King 

Loyola 

Poydras 

7 

Decatur 

1 

CCC 

Toledano Louisiana 

Freret 

Jackson 

6 

GNO Bridge 

10 

Jefferson 

Napoleon 

St. Charles 

2 

Magazine 

14A 



Eastern New Orleans and Chalmette 


Electrical contractor Mike Zemke, left, WTV Construction foreman Ike Cooper and Wade Verges, president of W.T. Verges Development, discuss progress at the Bullard Corporate 

Center in eastern New Orleans. 

By Tommy Santora 

mail@nopg.com 


It’s not the rainbow Wade Verges was 

expecting for the eastern New Orleans 

commercial office space market four years 

after Hurricane Katrina, but it’s a glimmer 

of hope. 

At the end of October, two of Verges’ 

buildings — the Bullard Corporate Center 

at 5555 Bullard Ave. and the 5630 

Crowder Blvd. Building — were fully 

occupied at 100 percent. 

“It’s a good sign and it’s a start, but I 

thought we would have hit that point a lot 

sooner in the market,” said Verges, president 

of W.T. Verges Development. 

“Perception is everything, and we have 

had to overcome that,” he said. “From the 

interstate, people see dilapidated complexes 

and run-down apartments and figure 

nothing is back. Few people get off the 

interstate, though, and look at the neighborhoods 

returning. There are signs of 

progress out here.” 

With some office buildings still not 

online and others just using certain 

floors for occupancy, it is a challenge to 

obtain statistics on the eastern New 

Orleans office space market, said Ivan 

Miestchovich, director of the University 

of New Orleans Institute for Economic 

Development and Real Estate Research. 

UNO completed its latest analysis on 

the eastern New Orleans market in the fall 

of 2008, with seven buildings reporting an 

occupancy rate of 83.8 percent with 

110,812 square feet occupied. Before 

Katrina, nine buildings reported to UNO 

with tenants using 500,000 square feet for 

an 88.8 percent occupancy rate. 

Miestchovich said office buildings 

didn’t come back online in eastern New 

Orleans until about a year after Katrina. 

“The area has a long way to go and 

retail is driven by rooftops,” Miestchovich 

said. “The kind of workers that are needed 

to bring the office market back are legal 

professionals, insurance agents, medical 

professionals and any service-based 

employment.” 

Verges had the Bullard Corporate 

Center renovated, and the building 

received a boost in 2007 when DaVita 

Fleur De Lis Dialysis signed a lease to 

occupy 10,000 square feet, or about 25 

percent of the building. 

“I have found that the success rate is 

much better and longer with service tenants,” 

Verges said. 

The medical community also might 

boost the office market. The Orleans 

Parish Hospital Service District recently 

agreed to buy the former Methodist 

Hospital and other health care centers in 

eastern New Orleans from Universal 

Health Services. Mayor Ray Nagin also 

verbally agreed to build a $1.1 million, 

5,000-square-foot outpatient clinic on 

Chef Menteur Highway. 

Keith Adler, leasing agent for 

Corporate Realty, which leases retail 

space at the still-vacant Schwegmann 

Plaza East at 6003 Bullard Ave., said 

the key factors for retail and office space 

resurgence in eastern New Orleans are 

repopulation and the government’s ability 

to improve flood protection and 

rebuild people's confidence in that protection. 

“In the retail market, we have mom 

and pops coming online here, and that has 

been steady,” Adler said. “Their locations 

are mirroring where the people have 

returned. But national chains, which 

anchored some of the retail before the 

storm, are not in a big hurry to get back 

out here because of lack of repopulation. 

We need that to change.”• 


15A

Eastern New Orleans/Chalmette 


2009 

Rank 

Building 

name 

Address 

1 Schwegmann 

Plaza East 

6003 Bullard 

Ave. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing agent 

Leasing company 

Phone 

115,000 0 percent $16 NA NA NA 22,050 yes Keith Adler 


Inc. 


581-5005 

2 Executive 

Plaza 

10001 Lake 

Forest Blvd. 

114,670 40 

percent 

$12 14 

percent 

1975/2009 11 10,500 Jan. 1 Brandy Frisby 

Kailas Management 

Metairie 

837-8644 

The Most Prestigious Office Space in East New Orleans 

Executive Plaza Office Building, the single most desirable office building in New Orleans East, is 

strategically located off of Hwy-10 at the Read Blvd. exit. The eleven story glass building is 

125,000 sf and each floor has 10,500 rsf. Will do tenant build-out to suit. 24-hour video security 

monitoring of building and parking lot. Abundant free parking for tenants and visitors. 

Call Brandy Frisby, Kailas Management at 504-837-8644. 

3 

Lake Oaks 

Plaza 

6600 Franklin 

Ave. 

60,000 94 

percent 

$20 NA 1988 NA 2,200 yes Keith Adler 


Inc. 


NA 

4 Bullard 

Corporate 

Center 

5555 Bullard 

Ave. 

40,000 80 

percent 

NA NA renovated 

2006 

1 NA immediate Wade T. Verges 

5555 Bullard LLC 


246-1562 

5 

6800 Plaza 

Drive 

6800 Plaza 

Drive 

40,000 NA NA NA 1984/2003; 

under 

renovation 

2 NA 2010 Wade T. Verges 

Grace Tama 

Development Co. 

LLC 


246-1562 

16A 


Eastern New Orleans/Chalmette 


2009 

Rank 

Building 

name 

Address 

6 Wink 

Business 

Park 

4949 Bullard 

Ave. 

7 

8 

9 

Lake Willow 

Building 

7240 Crowder 

Blvd. 

Willow Tree 

7701 Dwyer 

Road 

5630 Crowder 

Blvd. Building 

5630 Crowder 

Blvd. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing agent 


Phone 

32,500 7 percent $14.50 0 percent 1986/2005 1 32,500 immediate Duff Friend 

Latter & Blum 


NA 

24,000 NA NA NA 1980/under 

renovation 

12,000 40 

percent 

NA NA 2010 Wade T. Verges 

Verges Properties 


246-1562 

NA NA 1985/2008 1 NA immediate Wade T. Verges 



246-1562 

11,500 NA NA NA 1980/2000 2 NA immediate Wade T. Verges 

5630 Crowder LLC 


246-1562 

NA=noat 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 



Eastern New Orleans and Chalmette 

MAP 

Lake Pontchartrain 

Lakeshore 

I-610 

I-10 

France 


Lakefront Airport 

Downman 

Mayo 

Hayne Blvd. 

Morrison 

3 8 

Crowder 

Dwyer 

Chef Menteur 

Bundy 

7 

9 

Read 

2 

Almonaster 

Wright 

5 

Bullard 

Intracoastal Waterway 

1 

Morrison 

4 

I-10 

6 

Lake Forest Blvd. 

Paris Rd. 

Michoud 

Dwyer 

Old Gentilly Hwy. 

Discovery Blvd. 

Chef Menteur 

1 

Intracoastal Drive 

Mississipi River Gulf Outlet 


St Bernard Parish 

Florida 

Poland 

N. Claiborne 

St. Claud 

W. Jud 

Center 

n Lafitte 

Chalmette 


17A


Kenner and St. Charles Parish 

By Robin Shannon 

mail@nopg.com 


Commercial real estate agents in St. 

Charles Parish say they deal with a 

market that fluctuates on a month-tomonth 

basis. 

“The market becomes busy from 

summer through fall when we get expansions 

and relocations, but it drops off 

after September and October,” said 

Daniel Poulin, senior regional manager 

for Sealy and Co. “It’s a quirk that the 

market has always experienced, and it’s 

hard to really explain.” 

Poulin, whose firm manages 18 of the 

49 buildings in the James Business Park 

in St. Rose, said occupancy in most of 

the commercial properties is between 81 

percent and 96 percent. 

“There are very few spaces left for 

lease, but rents don’t constitute a need 

for any new construction,” Poulin said. 

“We delivered our last building in James 

Business Park last year, but construction 

costs are much higher now.” 

Aside from a handful of strip malls 

going up in the Boutte area, the market 

is not seeing much new construction. 

“We are seeing some user construction 

in the form of minor expansions, 

but that’s about it,” Poulin said. 

Realtors in the Kenner area tell a similar 

but slightly more negative story. 

Susan Wallace of Preferred Realty said 

the market experiences some fluctuation, 

but agents in most cases are not finding 

many people looking for openings. 

“Occupancy has dropped in the last six 

months, but we are not losing clients and 

tenants to other markets,” Wallace said. 

“Tenants are doing things differently, 

whether it be downsizing or shutting down 

completely. But they aren’t just leaving 

Kenner and going elsewhere. Companies 

are hanging on to what they have.” 

Wallace said landlords are looking for 

“ 

We thought we were 

recession-proof for a while, 

but now we are slowly feeling 

some of the effects of the 

national economy.” 

Susan Wallace 

Preferred Realty 

Daniel Poulin, senior regional manager for Sealy and Co., says there are few spaces left at James Business Park in St. 

Rose, but the area hasn’t reached a need for new construction. 

new tenants, but they have yet to offer 

much in the way of incentives to get people 

into spaces. 

“We haven’t started offering free or 

reduced rents like other parts of the 

area,” Wallace said. “We take it case by 

case. We figure out what the tenant needs 

and determine how we can accommodate 

them best. 

“We thought we were recession-proof 

for a while, but now we are slowly feeling 

some of the effects of the national economy. 

There’s no way to tell how much we 

will be affected, but we may not get hit as 

bad as other parts of the country have.” 

Art Schwartz, a broker with Argote, 

Derbes, Graham Shuffield and Tatje, 

said that although landlords are always 

looking for tenants, there isn’t really 

much space available in the market. 

“There is nothing available if you are 

looking for more than 30,000 square 

feet,” Schwartz said. “There is very little 

Class A property in Kenner and most of 

that is full. The Class B property is 

mostly owner occupied.” 

Schwartz said anyone considering 

new construction in the area would 

need to have a tenant ready to move in 

immediately. 

“It is build-to-suit-needs right now,” 

Schwartz said.• 


18A 


Kenner/St. Charles 

(ranked by total square feet) 

2009 

Rank 

1 

Building name 

Address 

2400 Veterans 

Building 

2400 Veterans 

Memorial Blvd. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

133,195 76 

percent 

Quoted 

rent rate 

high 

Common 

space 

$19 16 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

1982 5 33,000 available 

now 

Leasing agent 

Leasing 

company 

Phone 

Greer Roberts 

NA 

2 

Two James 

Park 

120 Mallard St. 

53,520 78 

percent 

$17.50 NA 1981 3 4,149 immediate Jennifer A. Lee 

Sealy and Co. 

St. Rose 

463-5600 

3 

4 

2200 Veterans 


2200 Veterans 


One James 

Park 

100 James 

Drive 

44,874 89 

percent 

43,055 78 

percent 

$15.50 13 

percent 

1983/2006 2 2,662 5,357 Susan Wallace 

Cassie Goldsboro 


Inc. 

Metairie 

455-8644 


Sealy and Co. 

St. Rose 

463-5600 

5 

160 James 

Drive East 

160 James 

Drive East 

25,772 100 

percent 

$16.50 NA 1981 1 0 none Jennifer A. Lee 

Sealy and Co. 

St. Rose 

463-5600 

6 

Five James 

Park 

110 James 

Drive West 

24,018 77 

percent 


Sealy and Co. 

St. Rose 

463-5600 

7 

8 

3715 Williams 


3715 Williams 

Blvd. 

First American 

Bank & Office 

Building 

11 James Blvd. 

19,000 50 

percent 

11,133 94 

percent 

$19.50 NA 1981/2008 2 2,000 now Patrick T. 

Bossetta 

Standard 

Properties LLC 

Metairie 

247-2128 

$15.50 10 

percent 

1981/1999 2 696 available 

now 

Charles M. Mullin 

The Mullin Co. 

Inc. 

St. Rose 

465-9345 

9 Crouch 

Building 

231 West 

Esplanade Ave. 

10 

11 

14446 River 

Road 

14446 River 

Road 

11438 River 

Road 

11438 River 

Road 

5,250 57 

percent 

$16 0 percent 2000 1 2,250 available 

now 

3,000 0 percent $12 0 percent 1899/2006 1 3,000 available 

now 

1,650 0 percent $25 0 percent 1990/2008 1 1,650 available 

now 



Inc. 

St. Rose 

465-9345 



Inc. 

St. Rose 

465-9345 



Inc. 

St. Rose 

465-9345 




19A

Loyola 


Kenner and St. Charles 

MAP 

I-10 

St. Charles Parish 


9 

Chateau Blvd. 

W. Esplanade 

7 

Veterans Blvd. 

1 

3 

James 

Business 

Park 

6 

2 

5 

4 


International Airport 

Williams Blvd. 

8 

W. Metairie Blvd. 

U.S. 61 

10 11 

River Road 


Kansas City Railroad 

Illinois Central RR 

Jefferson Hwy. 

U.S. 61 (Airline) 


Metairie and East Jefferson 

By Robin Shannon 

mail@nopg.com 


Despite a foundering national economy, 

real estate agents managing commercial 

properties in East Jefferson and 

Metairie say it is still one of the strongest 

markets in the New Orleans region. But 

signs of slight weakening have become 

evident in the past year. 

Although many premium Class A 

office buildings in the area have occupancy 

rates higher than 90 percent, a handful 

of Class B buildings are seeing a bit of a 

drop in tenants. 

Bruce Sossaman, leasing director for 

Equity Office Properties, said recent Class 

B figures for the area show occupancy rates 

near 89 percent, down from 91 percent at 

the beginning of the year. He said although 

the number is still fairly strong, landlords 

are struggling to get tenants into buildings. 

“Businesses are having a hard time getting 

loans and mortgage companies are 

closing,” Sossaman said. “Everyone is 

doing either a one- or two-year deal now.” 

Ben Frank, a financial consultant with Compass Capital Management, left, talks with Corporate Realty sales and 

leasing agent Jeff Cohn about Compass Capital’s recent move into the 3445 N. Causeway Blvd. building. 

Corporate Realty representative Jeff 

Cohn said some landlords are even offering 

concessions, such as reduced rent and 

the possibility of one or two months of 

free rent, to get tenants into buildings. 

“Two years ago, no one in Metairie 

had to offer free rent,” Cohn said. “Now it 

is being offered as an enticement to get 

people into a space. It is definitely a tenant’s 

market right now.” 

Cohn said the market is no longer seeing 

the boom it enjoyed in the months 

after Hurricane Katrina, when contractors 

were moving into the area at a rapid rate. 


20A 


He said bigger companies are downsizing 

and smaller companies are pulling out or 

going out of business. 

“There are even some patches of retail 

space available,” Cohn said. “Lakeside 

Mall has room to rent. I’ve never seen that. 

Jeanne Booth of SRSA Commercial 

Real Estate said tenants and landlords are 

staring to approach the market in a more 

conservative manner to see where they 

can save. 

“Landlords are looking for strong creditworthiness 

and longer leases, and tenants 

are also checking into the track record of 

the landlord,” Booth said. 

Booth and Sossaman say the market is 

allowing tenants more flexibility to find 

what they want, where they want to be. 

“Renters can shop around a bit,” 

Sossaman said. “They are able to find a 

space that suits their needs and suits their 

budget. I don’t think anyone is choosing 

one class over another.” 

Sossaman said rental rates, which peak 

at about $24 per square foot in Class A, are 

still not high enough to allow for any new 

construction in the market. He said rates 

would have to jump higher than $30 per 

square foot before any talk of new construction 

begins. • 

OFFICE SPACE FOR LEASE 

Jefferson Business Center, LLC 

5401 Jefferson Highway 

New Orleans, LA 70123 

This 100,000 sq ft single-story building, presently houses two major corporate 

operations centers. Jefferson Business Center currently has available approximately 

40,000 sq ft of office space with 140 parking spaces. 

· on-site management and maintenance team 

· 24 hour security 

· sprinkler systems and chemical fire suppression 

The building also features 

· (2) 750 KW Generators with 100% Redundant Power 

· HVAC and Humidity Controls for IT needs 

· Raised floor with under floor wiring for ease of renovations 

· Hurricane evacuation security shuttering system 

For more Information Contact: 

Linda McGhee, Lease Coordinator: 504-957-2543 

Joyce Riedl, Property Manager: 504-390-7412 

Robert S. Maloney, Jr.: 504-460-7499 

J 

B 

C 

Select Properties, Ltd. 

Riverside Office Buildings I and II 

Causeway Highrise 

6660 and 6620 Riverside Dr., Metairie 3421 N. Causeway Blvd., Metairie 

Select Properties can fulfill your office space needs at one of our conveniently located, wellmaintained 

five office buildings in Metairie. Please allow our staff of qualified professionals 

(with CPM and CCIM credentials) to assist you in maximizing your office potential. 

Specializing in commercial real estate since 1982, Select Properties is an IREM Accredited 

Management Organization with offices in Metairie, Baton Rouge, and Lafayette. Call us 

today for leasing, sales, brokerage, asset management, construction and consulting. 

New Orleans Metro Area Properties 

Office Buildings 

3421 Office Tower 

3421 N. Causeway Blvd., Met. 

Medical Plaza I & II 

3901 Houma Blvd., Met. 

Riverside I & II 

6660 and 6620 Riverside Dr., Met. 

Residential 

River Vieux Terrace Condominiums 

520 St. Philip St., New Orleans 

Retail 

The K-Mart Shopping Center 

2840-2940 Veterans Memorial Blvd., Met. 

Borders Retail Center 

3131 Veterans Blvd., Met. 

SELECT PROPERTIES, LTD. • 833-0044 

6620 Riverside Drive • Suite 300 • Metairie, LA 70003 - 7109 

For Professional Asset Management, Leasing & Sales 

Also Offices and Properties in Baton Rouge & Lafayette 

CERTIFIED 

PROPERTY 

MANAGER ® 

ACCREDITED 

MANAGEMENT 

ORGANIZATION ® 

Individual Members 


21A

Metairie/East Jefferson 


2009 

Rank 

1 

Building name 

Address 

Three Lakeway 

Center 

3838 N. 

Causeway Blvd. 

2 Galleria 

One Galleria Blvd. 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

Two Lakeway 

Center 

3850 N. 


Heritage Plaza 

111 Veterans 

Blvd. 

One Lakeway 

3900 N. 


Executive Tower 

3500 N. 


110 Veterans 

Building 

110 Veterans 


Regions Bank 

Building 

3525 N. 


3445 N. 


3445 N. 


3421 N. 

Causeway 

Highrise 

3421 N. 


3501 N. 

Causeway 

Building 

3501 N. 


Causeway Plaza 

III 

3330 W. 


Total 

leaseable 

square 

feet 

Percent 

occupied 

471,745 94 

percent 

465,985 93 

percent 

449,339 91 

percent 

353,003 83 

percent 

300,816 90 

percent 

184,147 89 

percent 

129,000 94 

percent 

128,000 90 

percent 

127,859 81 

percent 

125,150 84 

percent 

112,741 81 

percent 

108,718 96 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available (sq. 

feet) 

Availability 

Leasing agent 


Phone 

$23 NA 1987/1996 34 9,663 immediate Bruce Sossaman 

Equity Office 

Properties 

Metairie 

219-5842 

$23 15 

percent 

1986/2008 22 8,791 31,337 Jeff Cohn 


Inc. 


581-5005 


Equity Office 

Properties 

Metairie 

219-5858 

$21.50 15 

percent 

1983/2007 18 12,365 59,325 Gaines Seaman 

Stirling Properties 

Metairie 

834-1111 


Equity Office 

Properties 

Metairie 

219-5842 

$16 12 

percent 

$18.50 16 

percent 

$16 15 

percent 

$18 15 

percent 

$18.50 14 

percent 

$18 15 

percent 

1972/ 

ongoing 

14 4,300 immediate Juli W. Maillet 

Security National 

Properties 

Baton Rouge 

NA 

1972/2005 5 6,464 available 

now 

1970/ 

currently 

Greer Roberts 

NA 

10 6,200 immediate Praveen Kailas 

Denise Gaines 


Metairie 

828-9700 

CORNER of Causeway Blvd. & West Esplanade Ave. 

One (1) Minute from Causeway Bridge at N. Causeway and West Esplanade 

Regions Bank Building, 3525 N. Causeway Boulevard is a ten (10) story high Class B office tower 

situated at the best Metairie CBD location offering sweeping lake views. Flexible floor plans; 

newly renovated common areas, elevators and lobby; more than ample parking, covered and 

uncovered is available at the most competitive rental rates. The Caboose Restaurant and 

Regions Bank are located on the first floor to satisfy your every need. 

Call Praveen Kailas, Tower Realty, at (504) 828-9700 

www.3525Causeway.com 

$19.50 15 

percent 

1969/2008 10 6,537 24,031 Jeff Cohn 


Inc. 


581-5005 

1973/2006 10 6,333 immediate Ronnie R. Rauber 

Select Properties 

Ltd. Realty 

Metairie 

833-4494 

1973/ 

ongoing 

10 10,500 immediate Jeanne Booth 

SRSA Commercial 

Real Estate Inc. 

Metairie 

831-2363 

1983/2006 6 2,896 immediate Jeff Cohn 


Inc. 


581-5005 

22A 




2009 

Rank 

13 

14 

Building name 

Address 


II 

3300 W. 



I 

3510 N. 


15 Jefferson 

Business Center 

5401 Jefferson 

Highway 

880 Commerce 

16 Road West 

880 Commerce 

Road West 

17 

18 

19 

20 

800 West 

Commerce 

800 Commerce 

Road West 

Metairie Office 

Tower 

433 Metairie Road 

Metairie Center 

2424 Edenborn 

Ave. 

Severn Place 

2450 Severn Ave. 

21 Stewart 

Enterprises 

Corporate 

Headquarters 

1333 S. Clearview 

Parkway 

22 Lakeside 

Professional 

Office Building I 

4720 S. I-10 

Service Road 

23 

24 

25 

26 

27 

Elmwood Oaks 

201 Evans Road 

Interstate II 

3636 S. I-10 

Service Road 

990 N. Corporate 

Park 

990 N. Corporate 

Park 

Riverside II 

6620 Riverside 

Drive 

Medical Plaza I & 

ll 

3901 Houma 

Blvd. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

108,520 92 

percent 

108,480 96 

percent 

99,410 52 

percent 

93,629 98 

percent 

91,628 97 

percent 

91,381 77 

percent 

90,383 90 

percent 

87,151 100 

percent 

87,000 100 

percent 

74,831 81 

percent 

71,985 80 

percent 

60,000 88 

percent 

58,646 93 

percent 

57,844 85 

percent 

52,232 93 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$19.50 15 

percent 

$19.50 15 

percent 

Year built/ 

renovated 

$13.50 NA 1982/ 

currently 

under 

renovation 

Floors 

Largest 

block of 

space 


feet) 

Availability 

Leasing agent 


Phone 



Inc. 


581-5005 



Inc. 


581-5005 

1 47,950 in three 

months 

John Callegari 

309-7412 

$19 NA 1979/1991 5 2,400 immediate Mike Whitsell 

Kirsten Early 



Metairie 

831-2363 

$19 NA 1979/2004 5 2,315 available 

now 

$20 15 

percent 

$19.50 15 

percent 

$19.50 15 

percent 

1970/2002/ 

2009 

6 9,728 available 

now 

1986/2002 6 5,640 available 

now 

Kirsten Early 


Real Estate 

Metairie 

831-2363 

Connie Young 

Chiasson Douglass 

The Feil 

Organization 

Metairie 

833-6334 

Philip Bulliard 

NA 

1982/2006 5 0 NA Philip Bulliard 

NA 

$0 NA 1974/1997 5 NA NA company owns 

building 

NA 

$0 NA 1988/2005 5 NA NA Kim Bayer 

Pacific Medical 

Buildings 

NA 

$17 6 percent 2009 1 4,005 immediate Mike Whitsell 

Mike Whitsell & 

Associates LLC 

Metairie 

669-4494 

$17.25 15 

percent 

1980/2008 3 NA NA Colleen Kuebel 

Berthelot 



NA 

$19 NA 1979/1992 3 4,033 available 

now 

$18.50 15 

percent 

$19 15 

percent 

Kirsten Early 



Metairie 

831-2363 

1983/2006 3 6,248 Immediate Ronnie R. Rauber 


Limited Realty 

Metairie 

833-4494 

1972/2006 3 2,380 immediate Ronnie R. Rauber 



Metairie 

NA 


23A



2009 

Rank 

28 

29 

30 

31 

Building name 

Address 

3340 Severn 


Favrot & Shane 

Building 

3925 N. I-10 

Service Road 

Bank of 

Louisiana 



Building 

4051 Veterans 

Blvd. 

Total 

leaseable 

square 

feet 

Percent 

occupied 

45,000 75 

percent 

44,992 93 

percent 

44,000 75 

percent 

40,000 92 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$17.50 15 

percent 

$17.25 13 

percent 

$18 15 

percent 

$16 15 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 


feet) 

Availability 

Leasing agent 


Phone 

1981/2006 4 6,900 immediate Colleen Kuebel 

Berthelot 



581-5005 

1981/2006 2 1,325 3,370 Susan Wallace 



Inc. 

Metairie 

455-8644 


Berthelot 



NA 

1970/2006 4 3,288 immediate David Wright 


TEC Realtors 

Metairie 

828-9700 

32 

33 

3200 Ridgelake 

Building 

3200 Ridgelake 

Drive 

3939 N. 


3939 N. 


34 Interstate 3616 S. I-10 

I 

Service Road 

Louisiana Credit 

35 Union Center 

824 Elmwood 

Park Blvd. 

36 

37 

38 

Wagner & Truax 

2121 N. 


4141 Veterans 

4141 Veterans 

Blvd. 

Boy Scouts of 

America 

4200 S. I-10 

Service Road 

39 Riverside 6660 Riverside 

I 

Drive 

40,000 86 

percent 

40,000 100 

percent 

40,000 75 

percent 

38,629 89 

percent 

35,000 95 

percent 

32,339 85 

percent 

32,321 97 

percent 

31,699 77 

percent 

Premier Veterans Office Space 

The Coldwell Banker Building located at 4051 Veterans Boulevard is a four (4) story 

white office building in a very prime Metairie location between Cleary Avenue and 

Clearview Parkway on the north side of Veterans. Various renovated offices with large 

windows overlooking Veterans in the front and the neighborhood in the rear. Excellent 

parking on all sides of the building and available pylon signage in front. Very reasonable 

rental rates. First floor space available. 

Call Praveen Kailas, Tower Realty, at (504) 828-9700 

www.4051Veterans.com 

$17.50 15 

percent 

$19 15 

percent 

$17.25 15 

percent 

1984/2005 4 2,900 5,800 Colleen K. 

Berthelot 



581-5005 

1971/2006 4 0 0 Colleen K. 

Berthelot 



581-5005 


Berthelot 

NA 

$16.50 NA 1984/1998 NA NA NA Judy Slack 

NAI Latter & Blum 

Inc./Realtors 


569-9452 

$15.50 12 

percent 

$18 15 

percent 

$13.50 15 

percent 

$18.50 15 

percent 

1965, 1975, 

1978, 2000 

2 1,200 immediate Edward Rowley 

Wagner & Truax 

Co. Inc. 

Metairie 

830-7300 

1969/2006 3 1,169 4,743 Matt Taylor 

Property One Inc. 

Metairie 

681-3400 

1984/2006 2 1,013 1,013 Matt Taylor 


Metairie 

681-3400 

1981/2006 3 2,749 Immediate Ronnie R. Rauber 



Metairie 

833-4494 

24A 




2009 

Rank 

40 

Building name 

Address 

NY-II Office 

Building 

2750 Lake Villa 

Drive 

41 Crutcher-Tufts 

Building 

3545 N. I-10 

Service Road 

42 

43 

44 

2626 North 

Arnoult Building 

2626 N. Arnoult 

Road 

Capital One 

Building 

2201 Veterans 

Blvd. 

FGS Building 

4300 S. I-10 

Service Road 

45 Lakeside 

Professional 

Office Building II 

4740 S. I-10 

Service Road 

46 Lakeside 

Medical Office 

Building III 

4770 S. I-10 

Service Road 

Enterprise Renta-Car 

47 

3529 N. I-10 

Service Road 

48 

49 

50 

51 

52 

53 

2601 N. Hullen 



Annex 

3945 N. I-10 

Service Road 



3841 Veterans 

3841 Veterans 

Blvd., Suites 103 

and 200 

1321 Hickory 

1321 Hickory 

Ave., No. 100 


2301 N. Hullen, 

Suite 103 

Total 

leaseable 

square 

feet 

Percent 

occupied 

30,114 85 

percent 

29,002 88 

percent 

26,870 100 

percent 

25,000 95 

percent 

24,498 90 

percent 

24,059 83 

percent 

19,718 100 

percent 

18,096 100 

percent 

14,600 80 

percent 

6,000 100 

percent 

5,856 55 

percent 

3,077 75 

percent 

3,000 100 

percent 

1,540 100 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$17 12 

percent 

$17.50 13 

percent 

$16.75 15 

percent 

Year built/ 

renovated 

1985/ 

2005-2006 

Floors 

Largest 

block of 

space 


feet) 

Availability 

Leasing agent 


Phone 

3 2,601 immediate Frederick J. Tufts 


Corp. 

Metairie 

887-9327 

1970/2006 3 9,612 NA Frederick J. Tufts 


Corp. 

Metairie 

887-9327 

1978/1993 2 0 0 Dale C. Higgins 

NA 

$18.50 NA 1975/2007 4 1,421 NA Tracey T. Tarleton 

Sizeler Realty Co. 

Inc. 

Metairie 

471-6200 

$17 13 

percent 

1981/2006 2 829 2,298 Susan Wallace 



Inc. 

Metairie 

455-8644 

$0 NA 1980/2005 3 NA NA Kim Bayer 

Pacific Medical 

Buildings 

NA 

$0 NA 1980/1997 2 NA NA Susie White 

Fertility Institute of 



NA 

$18 NA 1971/1999 1 0 NA Frederick J. Tufts 


Corporation 

Metairie 

887-9327 

$13.99 15 

percent 

unknown 2 3,500 immediate Skip Weber 




887-3929 

$16.75 NA 1982/2006 2 0 0 Cassie Goldsboro 

Susan Wallace 


Metairie 

455-8644 

$15 15 

percent 

$26 15 

percent 

$11.80 200 

percent 

$9.35 175 

percent 

1969/2006 2 1,330 2,648 Matt Taylor 


Metairie 

681-3400 

2006 2 1,570 immediate Skip Weber 




887-3929 

unknown 2 3,000 available 

now 

2007 2 9,300 available 

now 

Skip Weber 




887-3929 

Skip Weber 




887-3929 

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, 

111 Veterans Blvd., Suite 1440, Metairie, LA 70005. 


25A


Metairie and East Jefferson 

MAP 

Power 

David Dr. 

Metairie 

W . Esplanade 

W . Metairie Ave. 

Airline Dr. 

Earhart Expwy 

T ranscontinental 

Zenith 

I-10 

22 

45 

46 

33 

Clearview Pkwy 

21 

50 

29 

51 

38 

RAILROAD 

24 4941 

19 

N. Arnoult 

Severn 

20 

Lake Pontchartrain 

30 

53 

Causeway 

48 

5 

3 

1 

14 11 

9 

6 

32 

36 

2 

43 

37 

Bonnabel 


Metairie Rd. 

18 


7 


4 

I-610 

26 39 

52 

Citrus 

Jefferson Hwy 

Hickory Ave. 

Wholesalers Pkwy 

Edwards 

35 

Mounes 

16 25 

17 

15 

Plantation 

Toler 

Jefferson Hwy 


S. Claiborne 

Evans 

Harahan 

Brookhollow 

23 

19 31 

West Esplanade 

13 

Clearview 

27 

12 

8 

Cleary 

Arnoult 

10 

33 


44 

I-10 

24 34 

42 

47 

Severn 

Causeway 

26A 



North Shore 

By Garry Boulard 

mail@nopg.com 


Long accustomed to annual increases 

in sales and prices, North Shore 

commercial real estate agents say they 

are getting hit from two sides — overbuilt 

office and retail space along with 

the effects of a recessed economy. 

“To put it bluntly, there aren’t enough 

businesses right now on the North Shore to 

support all of the existing — new and old — 

commercial real estate,” said David Wright, 

a commercial sales associate for Coldwell 

Banker Commercial TEC Realtors Inc. 

Small businesses have been struggling 

this year. And because they are 

downsizing, they don’t need as much 

space, Wright said. 

“On top of that, some people, to 

reduce expenses, have closed their 

offices and are doing their work out of 

their houses, which only creates more 

vacant commercial space.” 

To make matters more challenging, 

said Ted Moses, a real estate adviser for 

Prudential Gardner Realtors in 

Mandeville, there has been some overbuilding 

on the commercial side. 

A prominent player in the North 

Shore real estate market for more than 

three decades, Moses said older buildings 

filled up after Katrina, driving the construction 

of new ones. Those new buildings 

are now experiencing vacancies. 

The reason, he said, is because newer 

property costs more to rent. 

“People like the nice new spaces but 

don’t want to pay the $30 a square foot it 

takes to rent them out,” Moses said. 

As a result, Moses said he is seeing 

more small-tenant space, situations where 

two tenants occupy 300 or 400 square 

feet as opposed to 5,000 square feet. 

“A 2,500-square-foot tenant right 

now would be a big deal,” he said. 

“ 

A 2,500-square-foot tenant 

right now would be a big deal.” 

Ted Moses 

real estate adviser 

for Prudential Gardner 

Realtors in Mandeville 

Grady Brame, executive vice president of Stirling Properties in Covington, and Gretchen Dauterive, a commercial sales 

and leasing executive with Stirling, discuss floor plans for an open space at NorthPark Business Park. 

The North Shore commercial sector 

is also contending with the national 

recession, which has produced a drop 

off in sales for local retailers and demand 

for larger commercial space. 

But Grady Brame, executive vice 

president of Stirling Properties in 

Covington, thinks the last quarter of 

2009 will show improvement over the 

first depressing months of the year. 

“With discounters and the food 

stores, we did not see as much of a negative 

dip as we did in some of the clothing 

or department stores,” he said. 

The overall downward trend, Brame 

said, may have run itself out. 

“We are actually now seeing sales for 

many retailers stabilizing and maybe 

even trending a little upward.” 

That pattern more than likely means 

next year is going to be stronger for the 

commercial side, Brame said. 

Michael Siegel, executive vice president 

of Corporate Realty, thinks another 

reason why commercial real estate 

prospects on the North Shore may be 

looking promising is their size. 

“Yes, there has been some overbuilding. 

But because the market is small, it 

won’t take much for it to come back 

when the economy itself improves. That 

may be already happening a little.” 

Moses said St. Tammany Parish’s 

long-term growth rate, which has seen an 

18 percent population jump from 

192,000 in 2000 to 228,000 last year, will 

also bolster prospects for a better 2010. 

“That rate of growth is one of our 

assets up here,” Moses said, “and has 

been for a long time.”• 

Photo by Frank Aymami 


27A

North Shore office buildings 


2009 

Rank 

Building 

name 

Address 

1 Northpark 

Corporate 

Center 

109 Northpark 

Blvd. 

2 Cypress 

Bend Office 

Building 

1001 Ochsner 

Blvd. 

3 Mariner's 

Plaza 

200 Mariner's 

Plaza 

4 Lakeview 

Regional 

Medical 

Office 

Building 

101 E. 

Fairway Drive 

5 Northpark 

Corporate ll 

103 Northpark 

Blvd. 

6 Covington's 

Village Walk 

5100 Village 

Walk 

7 Slidell 

Memorial 

Hospital 

Medical 

Office 

Building l 

1051 Gause 

Blvd. 

8 Slidell 

Memorial 

Hospital 

Medical 

Building lll 

1150 Robert 

Blvd. 

9 Woodside 

Energy 

Building 

830 W. 

Causeway 

Approach 

10 

Dalwill Place 

999 Dalwill 

Drive 

Total 

leaseable 

square 

feet 

Percent 

occupied 

103,222 94 

percent 

102,198 73 

percent 

81,762 77 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$23.50 24 

percent 

$30 12 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 


Leasing agent 


Phone 

1986 5 5,170 immediate Lee M. de la Houssaye 


Covington 

(985) 898-2022 

2009 4 20,000 43,689 Marcia D'Amico 

Mike D'Amico 


Mandeville 

(985) 674-1197 

$18 NA 1983/2007 2 2,288 NA Ted H. Moses 

Prudential Gardner 


Mandeville 

(985) 626-8589 

72,302 NA NA NA 1995 NA NA NA Kim Bayer 

PMB Real Estate 

(504) 455-9060 

69,905 78 

percent 

$24 15 

percent 

1998 3 0 NA Lee M. de la Houssaye 

Barry Spizer 


SRSA Commercial Real 

Estate Inc. 

Covington 

Metairie 

(985) 898-2022; (504) 

831-2363 

45,000 NA $20 NA 2001 NA NA NA Rita Moreci 

Phoenix Covington 

Associates 

Covington 

NA 

43,671 93 

percent 

41,342 94 

percent 

40,000 80 

percent 

NA NA 1993 4 1,800 NA Elizabeth Teague 

NA 

NA NA 1999 3 NA NA Elizabeth Teague 

NA 

$28 10 

percent 

32,000 0 percent $24 NA under 

construction 

2008 2 8,000 8,000 Marcia D'Amico 

Mike D'Amico 


Mandeville 

(985) 674-1197 

2 20,000 Fall '09 NA 

11 Pontchartrain 

Place 

1501-1535 W. 

Causeway 

Approach 

12 No. Sanctuary 

3 

No. 3 

Sanctuary 

Blvd. 

25,500 100 

percent 

21,000 100 

percent 

$20 0 percent 1998 2 0 0 Barry Escher 

Re/Max Commercial 

Brokers Inc. 

Mandeville 

NA 

$23 NA 2000 3 NA NA Marlene Zahn 

Cindy Saia 

Mamie Henry 

NA 

28A 




2009 

Rank 

Building 

name 

Address 

13 No. 5 

Sanctuary 

Blvd. 

No. 5 

Sanctuary 

Blvd. 

14 No. 2 

Sanctuary 

No. 2 

Sanctuary 

Blvd. 

15 No. 4 

Sanctuary 

No. 4 

Sanctuary 

Blvd. 

16 The 

Allstate 

Building 

111 Park 

Place 

17 Stirling 

Place 

1321 W. 

Causeway 

Approach 

18 Slidell 

Memorial 

Hospital 

Medical 

Office 

Building ll 

901 Gause 

Blvd. 

19 Tammany 

Home 

Center 

2101 U.S. 

Highway 

190 

20 Crossroads 

1705 

Highway 59 

21 No. Sanctuary 

1 

No. 1 

Sanctuary 

Blvd. 

Iberia Bank 

22 Building 

4565 

LaSalle St. 

23 

Park Place 

Office 

Building 

106 Park 

Place 

111 N. 

24 Causeway 

Building 

111 N. 

Causeway 

Blvd. 

25 Brookside 

1011 N. 

Causeway 

Blvd. 

Total 

leaseable 

square Percent 

feet occupied 

21,000 100 

percent 

21,000 98 

percent 

21,000 97 

percent 

20,153 100 

percent 

20,000 90 

percent 

18,522 100 

percent 

17,000 83 

percent 

17,000 80 

percent 

16,000 89 

percent 

16,000 100 

percent 

15,850 61 

percent 

15,400 90 

percent 

14,400 83 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year 

built/ 

renovated Floors 

Largest 

block of 

space 

available 


Leasing agent 


Phone 

$22 NA 2006 3 NA NA Marlene Zahn 

Cindy Saia 

Mamie Henry 

NA 

$21 NA 1998 3 1,006 immediate Marlene Zahn 

Cindy Saia 

Mamie Henry 

NA 

$21 NA 2004 3 1,670 immediate Marlene Zahn 

Cindy Saia 

Mamie Henry 

NA 

$20 NA 1998 1 0 NA Barry Spizer 

SRSA Comercial Real Estate 

Inc. 

Metairie 

(504) 831-2363 

$22 0 percent 2005 1 2,000 immediate Barry Escher 

Re/Max Commercial Brokers 

Inc. 

Mandeville 

NA 

NA NA 1997 2 NA NA Elizabeth Teague 

NA 

$11.30 NA 1970 2 1,912 immediate Joseph W. Carroll II 

Latter & Blum Inc. 

Mandeville 

(985) 626-5695 

$14 NA NA NA 3,245 immediate Joseph W. Carroll II 

Latter & Blum, Inc. 

Mandeville 

(985) 626-5695 

$21 NA 1997 3 1,068 immediate Cindy Saia 

Marlene Zahn 

Mamie Henry 

NA 

$23 NA 1980 3 NA NA Marcia D'Amico 

Mike D'Amico 


Mandeville 

NA 

$21 15 

percent 

1986 3 6,237 immediate Lee M. de la Houssaye 


Covington 

NA 

$13 NA 1980 2 1,000 immediate Joseph W. Carroll II 


Mandeville 

NA 

$13 NA NA 1 900 immediate Ted Moses 

Prudential Gardner Realtors 

Mandeville 

(985) 626-8589 


29A



2009 

Rank 

Building 

name 

Address 

26 Allstate 

Insurance 

Building 

2401 N. U.S. 

Highway 190 

27 

28 

The Edson 

Building 

21357 Marion 

Lane 

OPS Office 

Building 

1206 Park 

Drive 

29 Fountainhead 

61445 

Lemieux 

30 

847 Galvez 

Office 

Building 

847 Galvez 

St. 

31 Brookside 

Office 

Building 

101 Brookside 

Drive 

32 

1150 N. 

Causeway 

Blvd. 

1150 N. 

Causeway 

Blvd. 

33 Professional 

Village 

700 Gause 

Blvd. 

34 

35 

36 

37 

North Star 

Theater 

347 Girod St. 

880 Lafayette 

880 Lafayette 

220 Dalwill 

Building 

220 Dalwill 

Drive 

1795 W. 

Causeway 

Approach 

1795 W. 

Causeway 

Approach, 

Suite 103A 

Total 

leaseable 

square 

feet 

Percent 

occupied 

14,039 64 

percent 

13,222 52 

percent 

12,034 72 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

Year 

built/ 

renovated Floors 

Largest 

block of 

space 

available 


Leasing agent 


Phone 

$13.50 NA 1998 2 5,100 immediate Will Barrois 


Covington 

NA 

$14 NA NA NA 1,780 immediate Joseph W. Carroll II 


Mandeville 

(985) 626-5695 

$15 811 

percent 

1998/2003 2 2,953 now Roxie Meyers 

Avalar 

Mandeville 

NA 

7,783 0 percent $10,000 NA NA NA 7,783 immediate Joseph W. Carroll II 


Mandeville 

NA 

7,464 86 

percent 

$30 11 

percent 

2009 2 900 immediate Ted Moses 


Mandeville 

(985) 674-8887; (985) 

626-8589 

5,100 0 percent $10 NA NA 1 5,100 immediate Joseph W. Carroll II 


Mandeville 

(985) 626-5695 

5,000 70 

percent 

4,750 70 

percent 

3,500 72 

percent 

3,000 1,000 

percent 

1,832 100 

percent 

1,000 100 

percent 

$18 NA 1988 1 1,500 12/01/08 Jeffrey H. St. Romain 

NA 

$15 NA 1981/2007 3 1,863 4,750 William L. Treadway 

(985) 626-2954 

$13 NA unknown/ 

2006 

2 990 NA Ted Moses 


Mandeville 

(985) 626-8589 

$12 NA NA 1 3,000 NA Joseph W. Carroll II 


Mandeville 

(985) 626-5695 

$12 NA 2006 1 NA NA Joseph W. Carroll II 


Mandeville 

NA 

$18.36 200 

percent 

unknown 2 1,000 September 

1, 2009 

Skip Weber 

NAI/Latter & Blum Inc. 



(504) 887-3929 

NA=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 


30A 



North Shore 

MAP 

U.S. 190 

Covington 

2 

W. 21st Ave. 

Mandeville 

Covington Hwy 

12 

River Rd. 

1 

6 

26 

23 

16 

5 

N. Lee Rd. 

Highway 190* 

West Causeway 

Approach* 

13 

15 

22 14 

N. Causeway Blvd. 

* 

Boston Ave. 

4 

Military Rd. 

I-12 

31 

28 

21 

30 35 

3 

9 

34 

27 

Abita Hwy. Range Line Rd. 

20 

Florida Ave. 

Allen Rd. 

Highway 

1088 

Talisheek Rd. 

Abita Springs 

Pine 

I-59 

Mandeville 

U.S. 190 

Hickory Ave. 

I-12 

Davis Rd. 

Fish Hatchery Rd. 

* 

* 

* 

West Causeway Approach 

10 17 36 37 

N. Causeway Boulevard 

24 

U.S. Highway 190 

19 

25 32 

Watts Rd. 

29 

Lake Ave. 

U.S. 190 

I-12 

Thompson Rd. 

Bayou Liberty Rd. 

Slidell 

33 

Front St. 

St. Joe Rd. 

18 

8 

7 

Robert Rd. 

Military Rd. 

U.S. 190 

Old Spanish Trail 

LAKE PONTCHARTRAIN 


West Bank 

By Garry Boulard 

mail@nopg.com 


Mike Suleiman feels as though he is 

caught between good and bad times. 

“Everything was great,” he said, 

when he first laid out plans in 2006 to 

build an 18-store shopping center at 

2201 Barataria Blvd. “There was all 

kinds of new commercial building going 

on all over the West Bank.” 

But by the time that property, officially 

called Barataria Plaza LLC, opened 

for business in 2007, Suleiman already 

was seeing early signs of a recession. 

“Then last year the economy collapsed, 

and everything went upside 

down,” Suleiman said, explaining that 

frozen credit has turned out to be his 

greatest challenge. 

“People cannot get money to start a 

business and rent out a space, and those 

who might have $50,000 or $100,000 

continued on page 32 

Thomas Naoum of Dover Construction, left, reviews statistics about the former Circuit City location on Lapalco 

Boulevard in Marrero with David Wright, Coldwell Banker senior commercial executive. 


31A 

Photo by Frank Aymami

Wright Blvd. 

Wall Blvd. 

Behrmann Hwy 

Holiday 

Hyman Pl. 

LA 407 

Woodland 


West Bank 

continued from page 31 

on hand don’t want to risk it.” 

Even so, Suleiman has managed to rent 

out some of his space to tenants, including 

a dance studio and a hair and nail salon. 

And he remains optimistic that by asking 

$14 per square foot for spaces ranging in 

size from 1,100 to 6,000 square feet, he is 

going to weather the storm. 

“This is a good deal,” Suleiman said. 

Such deals can be found throughout 

the West Bank, said Walter King, a broker 

with Signature Properties. 

“2009 is a great time for any business 

to make a move into a new space 

because they can get things much 

cheaper now than when the economy 

went south,” he said. 

What may slow the economic recovery 

of the West Bank, King said, is a lack 

of space. 

“Businesses like brand new places,” he 

said. “But there really isn’t that much Class 

A space left. You have a little in Algiers 

and along Manhattan Boulevard, and 

that’s about it. And the space that is available 

on Manhattan is moving pretty fast.” 

Jack Stumpf, president of Jack 

Stumpf and Associates Inc. in Harvey, 

sees the same problem. 

“There are really very few tracts left 

for commercial development,” Stumpf 

said. “If you look at the major arteries, 

you may have one or two sites on Belle 

Chasse Highway, maybe one or two on 

Lapalco, but nothing really to speak of 

on Manhattan or Barataria. The major 

“ 

2009 is a great time for any 

business to make a move into a 

new space because they can get 

things much cheaper now than 

when the economy went south.” 

Walter King 

broker with Signature Properties 

arteries are pretty well sold out.” 

Even so, David Wright, a commercial 

sales associate with Coldwell Banker 

Commercial TEC Realtors, said commercial 

property on the West Bank has 

never been a boom and bust market. 

“It stays in the middle area, which is 

good,” Wright said. 

Greg Lier, executive vice president 

with the Rathborne Commercial and 

Industrial Properties in Harvey, agrees. 

“That kind of cycle makes the West 

Bank a much more stable market,” Lier 

said. “We deal primarily with industrial 

real estate, and even in this area the 

West Bank has been pretty solid. What 

new building there has been has typically 

been owner- or user-occupied doing 

the construction.” 

That sort of stability, Stumpf said, 

means it will take less for the West Bank 

to come out of the downturn than other 

parts of the country. 

“We just don’t know when that’s going 

to happen.”• 


West Bank 

MAP 

To Huey Long Bridge 

LA 18 

River Road 

Uptown 


Crescent City Connection 

Franklin 

Verret 

Thayer 

Bus. U.S. 90 

Whitney 

Opelousas 

Gen. Meyer 

11 

2 

3 

7 

10 

Gen. DeGaulle 

MacArthur 

Holmes Blvd. 

Behrman 

Bus U.S. 90 

Louisiana 

West 

Lapalco 

LA 541 

4th 

Bank Expressway 

Westwood 


Ames 

LA 18 

9 

Barataria 

MacArthur 

Alexis 

Destrehan 

Industrial Blvd. 

Peters Rd. 

Lafayette 

Huey P. Long 

Derbigny 

Manhattan Blvd. 

Harvey Canal 

Gretna Blvd. 

Lapalco 

Pete 

8 

5 

13 

1 

6 

4 

Stumpf 

12 

Terry Pkwy 

Belle Chasse 

ORLEANS PARISH 

JEFFERSON PARISH 

Engineers Rd. 

PLAQUEMINES PARISH 

intracoastal warehouses 

racoastal Waterway 

St. 

32A 


West Bank 


2009 

Rank 

Building 

name 

Address 

1 Oakwood 

Corporate 

Center 

401 Whitney 

Ave. 

2 Timbers 

Office 

Building 

3520 General 

DeGaulle 

Drive 

3 Westpark 

Office 

Building 

1 Seine 

Court 

4 Lapalco 

Square 

1545 Lapalco 

Blvd. 

5 2550 

Building 

2550 Belle 

Chase 

Highway 

MG Plaza 

6 1604 Belle 

Chase 

Highway 

7 

Mac Arthur 

Professional 

Building 

3712 Mac 

Arthur Blvd. 

8 Cypress 

Park 

405 Gretna 

Blvd. 

9 Marrero 

Land Office 

Plaza 

5201 

Westbank 

Expressway 

10 3221 

Behrman 

Place 

3221 

Behrman 

Place 

Plaza West 

11 3201 General 

DeGaulle 

Drive 

12 1141 

Building 

1141 

Whitney Ave. 

2766 Belle 

13 Chasse 

2766 Belle 

Chasse 

Highway, 

Suites A-07 

and A-10 

Total 

leaseable 

square 

feet 

Percent 

occupied 

132,454 96 

percent 

128,183 90 

percent 

108,889 100 

percent 

48,000 77 

percent 

42,120 100 

percent 

30,000 96 

percent 

27,439 75 

percent 

24,248 100 

percent 

23,310 100 

percent 

16,500 95 

percent 

16,000 100 

percent 

15,000 100 

percent 

Quoted 

rent 

rate 

high 

Common 

space 

$19.50 15 

percent 

$16 12 

percent 

Year built/ 

renovated 

Floors 

Largest 

block of 

space 

available 

(sq. feet) 

Availability 

Leasing agent 


Phone 

1983/2008 6 1,645 immediate Connie Young 

Chiasson-Douglass 

The Feil 

Organization 

Metairie 

833-6334 

1984/1995 5 4,815 13,661 Beau Jenkins 

Security National 

Properties 

Baton Rouge 

368-6556 

$21 NA 1983/1997 6 0 0 Cres Gardner 

Bryan Burns 

Cres Gardner 

Transwestern 


799-3124 

$12 0 percent 1986 1 5,500 11,000 Jack Stumpf 

366-6800 

$17 5 percent 1983 NA NA NA John Joseph Farrell 

NA 

$15 10 1984/2006 3 1,200 immediate Jack Stumpf 

percent 366-6800 

$14 NA 1971/1991 2 3,394 NA Stephanie Hilferty 



Metairie 

831-2363 

$15 4,351 

percent 

1976/2006 2 14,290 NA A. K. Gordon 

Crown Properties, 

Inc. 

Gretna 

366-4001 

$14.75 15 

percent 

1971/1991 4 0 NA Vincent Vastola 

Marrero Land & 

Improvement 

Association Ltd. 

Marrero 

341-1635 

$16.50 0 percent 1970/2000 2 800 Nov. 1. 2009 Jack Stumpf 

366-6800 

$14 0 percent 1983/2006 2 NA NA Jack Stumpf 

366-6800 

$8 0 percent 1981/2002 2 0 NA Jack Stumpf 

366-6800 

2,220 0 percent $9.84 0 percent unknown 2 1,220 immediate Skip Weber 




887-3929 

NA=not available/noy applicable The above information was provided by the companies themselves. Any additions or corrections should be sent on company letterhead to Research, New 



33A

Commercial leasing companies 

(ranked by commercial square feet leased) 

Company 

Address 


109 Northpark Blvd., Suite 

300 

Covington 70433 

Corporate Realty Inc. 

201 St. Charles Ave., Suite 

4411 

New Orleans 70170 

Max Derbes Inc. 

5440 Mounes Blvd., Suite 

100 

Elmwood Business Park 


SRSA Commercial Real 

Estate 

2555 Severn Ave., Suite 200 

Metairie 70002 

Bridgewater Properties 


Elmwood 70123 

Sealy and Company 

150 James Drive E., Suite 

140 

St. Rose 70087 

Jones Lang LaSalle 

Americas Inc. 

1515 Poydras St., Suite 

1970 


Latter and Blum Cos. 

430 Notre Dame St. 


CB Richard Ellis 

701 Poydras St., Suite 3870 


Rathborne Cos. LLC 

P.O. Box 157 

Harvey 70059 

Marrero Land and 

Improvement Association 

Ltd. 

5201 Westbank 

Expressway, Suite 400 

Marrero 70072 

Kailas Cos. / Tower Realty 

3525 N. Causeway Blvd., 

Suite 1040 



Commercial TEC Realtors 

Inc. 

400 Poydras St., Suite 2650 


Commercial 

square feet 

leased 

Leasing breakdown in 

square feet (office/retail/ 

other) 

2,700,000 office 2.1 million; retail 

600,000 

2,676,000 retail 1.2 million; office 1.47 

million 

2,375,000 industrial 2.33 million; office 

44,000 

2,257,903 office 668,470; retail 955,034; 

industrial 354,973; other 

279,426 

1,920,400 office 72,000; retail 41,600; 

other 1,806,800 

1,725,553 146,365 office; 1.69 million 

industrial 

Top local executive 

Title 

Phone 

Fax 

Martin A. Mayer 

president and CEO 

(985) 898-2022 

(985) 898-2077 

Michael J. Siegel 

executive vice 

president 

581-5005 

581-2605 

David B. Quinn 

president 

733-4555 

733-5518 

Barry Spizer, Steve 

Reisig, Don 

Schwarcz, Kirsten 

Early 

principals 

831-2363 

456-8995 

Robert D. Bridgewater 

Jr. 

managing broker and 

owner 

733-9638 

734-1897 

Daniel P. Poulin 

senior regional 

director 

463-5600 

463-5650 

1,668,541 WND Greg Riera 

senior vice president 

585-2670 

585-2674 

1,321,904 industrial 659,897; office 

159,152; retail 502,855 

1,256,991 office 1.21 million; retail 

41,788; other 5,000 

1,122,000 office 16,000; warehouse 

1,106,000 

1,031,567 office 125,000; retail 500,000; 

other 406,567 

726,767 office 204,251; retail 490,416; 

other 32,100 

519,200 80 percent office; 10 percent 

retail; 10 percent other 

Robert W. Merrick 

chairman and CEO 

525-1311 

569-9336 

Russell Marchand 

senior property 

manager 

323-7000 

323-7052 

J. Cornelius 

Rathborne 


368-6355 

368-6388 

N. Buckner Barkley 

president 

341-1635 

340-4277 

Mohan Kailas 


828-9700 

828-9717 

Mark E. Inman 

managing broker 

566-1777 

566-1775 

Top three leases (lessee, 

square feet) 

WND 

Liskow & Lewis, 70,364; 

Regions Bank, 56,222; Dick's 

Sporting Good 50,000 

Almonaster Ave. 115,000 

(industrial); Harbor Circle 

56,000 (industrial); Timesaver 

Ave. - 48,000 (industrial) 

Allstate, 46,866; Wells Fargo, 

32,814; Ostler Int., 27,752 

WND 

Ostler d.b.a. Certifit, 27,752; 

Kongsberg, 27,636; 

Progressive, 27,687 

WND 

WND 

Shell Oil, 701,759; Adams & 

Reese, 99,078; Liskow Lewis, 

70,764 

WND 

WND 

First NBC, 49,357; Regions 

Bank, 10,531; Regions Bank, 

28,907 



WND 

34A 


Commercial leasing companies 

(ranked by commercial square feet leased) 

Company 

Address 

Lupo Enterprises 

145 Robert E. Lee Blvd. 



4141 Veterans Blvd., Suite 

300 



Brokers Inc. 

3331 Severn Ave., Suite 200 


1740 N. Causeway Blvd. 

Mandeville 70471 

Equity Office Properties 


Suite 1350 


Jack Stumpf and 

Associates Inc. 

1700 Central Ave. 

Harvey 70058 

Regis Realty One Inc. 

1340 Poydras St., Suite 

1770 



11 James Blvd., Suite 210 


Crutcher-Tufts Corp. 

2750 Lake Villa Drive, Suite 

200 


Borngesser Realty 

Company LLC 

4415 Shores Drive 


Select Properties Ltd. 


6620 Riverside Drive, Suite 

300 


DBIC Property 

Management Inc. 

100 Conti St. 


Prudential Gardner 



Suite 1-A 


Meltzer Properties 

4621 W. Napoleon Ave., 

Suite 106 


Commercial 

square feet 

leased 

Leasing breakdown in 

square feet (office/retail/ 

other) 

Top local executive 

Title 

Phone 

Fax 

500,000 WND Robert Lupo 

CEO 

283-3421 

283-3423 

453,668 office 417,433; retail 34,775; 

other 1,460 

451,546 office 205,909; retail 111,213; 

warehouse 128,590; other 

5,834 

Quentin Dastugue 

CEO 

681-3400 

681-3438 

Richard E. Juge 

president, broker and 

owner 

838-0001 

835-0900 

440,096 office Bruce Sossaman 

leasing director 

219-5842 

219-5849 

348,700 WND Jack Stumpf 

president 

366-6800 

NA 

342,987 all office Sandra Corrigan 

senior vice president 

566-1400 

566-1799 

263,338 office 14,566; warehouse 

248,772 


president 

465-9345 

464-1473 

173,826 office 134,226; other 39,600 Frederick J. Tufts 

vice president 

887-9327 

887-9373 

90,000 retail 8,000; office 6,000; other 

76,000 

Don Borngesser 

broker/owner 

454-0800 

456-1652 

71,599 office 71,599 Francis E. Klipping 

vice president 

833-0044 

833-0848 

50,000 office 50,000 Arnold Cooper 

president 

581-4082 

698,000 

40,349 90 percent office; 10 percent 

retail 

Ted Moses 

real estate adviser 

(985) 674-8887 

(985) 626-1623 

35,000 100 percent retail John A. Meltzer 

president 

885-8400 

885-9610 

Top three leases (lessee, 

square feet) 

Parc St. Charles Hotel, 65,000; 

Robert Fresh Market, 30,000; 

Pelican Club, 14,185 

GSA 139,683; Entergy 29,000; 

Results in Learning 12,434 

Harris County Authority 37,000; 

WND 36,000; Production 

Anodes Inc. 27,000 

WND 

WND 

WND 

WND 

WND 

WND 

L & L Oil-7,887; St. 

Farm-7,153; Dr. Bopp-5,148 



WND 

WND 

WND 


35A

Commercial property managers 

(ranked by total rentable commercial square feet managed locally) 

Name 

Address 

Latter and Blum 

Property 


5557 Canal Blvd. 


Telephone 

Alternative 

Phone 

Fax 

733-3553 

(225) 297-7888 

483-7792 

Total 

rentable 

commercial 

sq. ft. 

managed: 

locally 

nationally 

7 million 

10 million 

Percentage of 

property 

owned by: 

company or 

affiliates 

third-party 

management 

0 percent 

100 percent 

Percentage 

of sq. ft. 

company is 

responsible 

for leasing 

Property 

managers 

Full-time 

employees 

Percent of 

property 

managed: 

Industrial 

Office 

Retail 

90 percent 21 27 percent 

107 48 percent 

25 percent 

Largest properties 

managed locally 

Riverbend Business 

Park, 6200 

Humphreys, 1111 

Tulane 


109 Northpark Blvd., 

Suite 300 


(985) 898-2022 

(985) 898-2077 

4 million 

12 million 

0 percent 

100 percent 

80 percent 13 

106 

10 percent 

21 percent 

68 percent 

Hammond Square, 

Heritage Plaza, 

Stirling Covington 

Center 

SRSA Gulf South 

Management 

2555 Severn Ave., 

Suite 200 


Hertz Investment 

Group 

400 Poydras St., 

Suite 1760 


831-2363 

456-8995 

4 million 

4 million 

299-3000 2 million 

10 million 

1 percent 

99 percent 

100 percent 

0 percent 

100 percent 5 

27 

2 percent 

56 percent 

42 percent 

NA 15 

150 

0 percent 

100 

percent 

0 percent 

Northside Plaza, 

1201 Elmwood 

Parkway Office 

Building, 3501 N. 

Causeway Office 

Building 

400, 650 and 909 

Poydras St., 

Westpark 

Bridgewater 

Properties 

5612 Jefferson 

Highway 

Elmwood 70123 

733-9638 

734-1897 

2 million 

2 million 

31 percent 

69 percent 

100 percent 3 

8 

90 percent 

5 percent 

5 percent 

Elmwood 

Distribution Center, 

Mid-City Business 

Park, Greater New 

Orleans Warehouse 

Sealy and 

Company 

150 James Drive E., 

Suite 140 


463-5600 

463-5650 

2 million 

13 million 

37 percent 

63 percent 

100 percent 1 

8 

92 percent 

8 percent 

0 percent 

James Distribution 

Center, Sealy 

Ashland Distribution 

Center, Baton 

Rouge 4 

Lauricella Land Co. 


Parkway, Suite 1166 



Americas Inc. 


Suite 1970 


733-1800 

733-1212 

733-4598 

585-2670 

585-2678 

585-2674 

2 million 

2 million 

2 million 

250 million 

100 percent 

0 percent 

NA 

100 percent 

100 percent 2 

26 

0 percent 

7 percent 

93 percent 

100 percent 2 

22 

0 percent 

100 

percent 

0 percent 

Elmwood Center, 

Elmwood Office 

Park, Midtown 

Square, Airline 

Park, Manhattan 

West 



Pan American Life 

Center 

Kailas Cos. / Kailas 

Management 

3525 N. Causeway 

Blvd., Suite 1040 


828-9700 

832-1234 

828-9717 

1 million 

1 million 

100 percent 

0 percent 

100 percent 2 

15 

3 percent 

55 percent 

42 percent 

Chateau Shopping 

Center, Kenner 

Plaza Shopping 

Center, Regions 

Bank Building 


Inc. 


Ave., Suite 4411 


581-5005 

581-2605 

1 million 

120,000 

0 percent 

100 percent 

100 percent 3 

40 

0 percent 

95 percent 

5 percent 

One Canal Place, 

East Jefferson 

Medical Buildings, 

Bellmeade 

Shopping Center 

Revenue 

Properties 

Management Co. 

Inc. 

2542 Williams Blvd. 

Kenner 70062 

904-8500 

904-8525 

1 million 

2 million 

100 percent 

0 percent 

100 percent 3 

114 

0 percent 

0 percent 

100 

percent 

Southland Mall, 

North Shore Square 

Mall 



36A 


Commercial property managers 

(ranked by total rentable commercial square feet managed locally) 

Name 

Address 

Telephone 

Alternative 

Phone 

Fax 

Total 

rentable 

commercial 

sq. ft. 

managed: 

locally 

nationally 

Percentage of 

property 

owned by: 

company or 

affiliates 

third-party 

management 

Percentage 

of sq. ft. 

company is 

responsible 

for leasing 

Property 

managers 

Full-time 

employees 

Percent of 

property 

managed: 

Industrial 

Office 

Retail 

Largest properties 

managed locally 

Loeb Partners 

Management of 

Louisiana LLC 




524-4444 

582-1425 

1 million 

NA 

NA 

NA 

NA 3 

15 

NA 

NA 

NA 

Place St. Charles 


Improvement 

Association 

Limited 

5201 Westbank 

Expressway, Suite 

400 

Marrero 70072 

341-1635 

341-1636 

340-4277 

1 million 

0 

100 percent 

0 percent 

100 percent 1 

19 

37 percent 

13 percent 

50 percent 

OakRidge Plaza 

Shopping Center, 

Westwood 


Regis Property 

Management LLC 

1010 Common St., 

Suite 300 


544-7025 

561-6017 

544-7029 

939,743 

1 million 

100 percent 

0 percent 

100 percent 2 

8 

3 percent 

87 percent 

10 percent 

1010 Common St., 


The Berger Co. Inc. 

100 Conti St. 


581-4082 

581-7823 

925,000 

0 

40 percent 

60 percent 

20 percent 2 

7 

0 percent 

5 percent 

95 percent 

Shops at Canal 

Place; Pavilion 

Shopping Center, 

RiversideMarket 




6620 Riverside 

Drive, Suite 300 


833-0044 

833-0848 

623,566 

1 million 

40 percent 

60 percent 

100 percent 3 

16 

1 percent 

46 percent 

53 percent 

3421 Causeway 

Building, K-Mart 

Veterans 


Commercial TEC 



Suite 2650 


566-1777 

566-1775 

371,561 

0 

0 percent 

100 percent 

100 percent 3 

5 

7 percent 

93 percent 

0 percent 


Gulf States Real 

Estate Services 

109 New Camellia 

Blvd. 


(985) 792-4385 

(985) 792-4392 

362,367 

0 

13 percent 

0 percent 

100 percent 1 

12 

0 percent 

50 percent 

13 percent 

HCA/Medline 

196,767 


4141 Veterans Blvd., 

Suite 300 


681-3400 

681-3438 

350,280 

2 million 

2 percent 

98 percent 

45 percent 7 

44 

0 percent 

36 percent 

64 percent 

Federal Fibre Mills, 

4141 Veterans 

Blvd., Cypress Bend 

Office Park 


4621 W. Napoleon 



885-8400 

885-9610 

265,000 

270,000 

100 percent 

NA 

100 percent 1 

NA 

0 percent 

0 percent 

100 

percent 

Northlake Shopping 

Center, Woodmere 

Square Shopping 

Center 


Corp. 


Drive, Suite 200 


887-9327 

887-9373 

173,826 

0 

100 percent 

NA 

NA 2 

7 

0 percent 

100 

percent 

0 percent 

546 Carondelet St.; 

3545 N. I-10 Service 

Road, Metairie; 


Drive, Metairie 


3925 N. I-10 Service 

Road, Suite 130 


455-8644 

885-4941 

170,318 

0 

100 percent 

100 percent 

NA 1 

4 

8 percent 

68 percent 

24 percent 


building 




37A

Flex-Space 


Property name 

Address 

Region 

Jefferson Business Center 

520-524 Elmwood Park Blvd. 

Elmwood 

Westside II 

125 James Drive West 

St. Rose 

Sealy Business Center I 

115 Canvasback 

St. Rose 

Service Center 24 

150 Teal St. 

St. Rose 

Sealy Business Center II 

110 Widgon Drive 

St. Rose 

Sealy Business Center III 

150 Widgeon Drive 

St. Rose 

Park Plaza 

621, 623, 625 Distributor's Row 

Elmwood 

Total square feet 

Percent occupied 

102,209 

71 percent 

68,692 

100 percent 

67,750 

100 percent 

53,544 

100 percent 

49,800 

100 percent 

49,800 

100 percent 

49,600 

85 percent 

Leasing agent 

Company 

Quoted rent rate 

Phone 

$7-$13 Jennifer A. Lee 


150 James Drive E., Suite 140 

St. Rose, LA 70087 

463-5600 

www.sealynet.com 



150 James Drive East, Suite 140 


463-5600 






463-5600 






463-5600 






463-5600 






504-463-5600 


$7-$8 Kenneth A. Kuebel 

Ken Kuebel and Associates 

P. O. Box 6275 


504-400-8601 

St. Charles II 

150 James Drive East 

St. Rose 

St. Charles I 


St. Rose 

Canvasback 

150 Canvasback Drive 

St. Rose 

49,275 

100 percent 

47,747 

93 percent 

40,500 

100 percent 





463-5600 






463-5600 






463-5600 


The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 111 Veterans Blvd., 

Suite 1440, Metairie 70005 

38A 


Flex-Space 


Property name 

Address 

Region 

Eastside I 

190 James Drive East 

St. Rose 

5612 Jensen St. 

5612 Jensen St., Harahan 


Edenborn Plaza 

2615-16 Edenborn Ave. 

Metairie 



St. Rose 



St. Rose 



St. Rose 

1305 Distributors Row 

1305 Distributors Row, Harahan 


Westside I 


St. Rose 

Oak St. 

999 Oak St. 

Mandeville 

880 Lafayette 

880 Lafayette 

North Shore 



36,357 

100 percent 

36,000 

60 percent 

26,880 

91 percent 

23,436 

100 percent 

23,436 

66 percent 

23,436 

48 percent 

22,300 

100 percent 

21,408 

100 percent 

18,000 

6,000 percent 

3,000 

100 percent 

Leasing agent 

Company 

Quoted rent rate 

Phone 





463-5600 


$7-$9 Gerard Henry and Vincent Vastola 

Marrero Land And Improvement 


5201 Westbank Expressway, Suite 

400 

Marrero 70072 

341-1635 

www.marreroland.com 


Marrero Land & Improvement 



400 

Marrero 70072 

341-1635 






463-5600 




150 James Drive East, Ste 140 


463-5600 






463-5600 



Marrero Land And Improvement 



400 

Marrero 70072 

341-1635 






463-5600 


$12-$12 Barry Escher 

Re/Max Commercial Brokers Inc. 



(985) 727-0001 

nolacommercial.com 

$6-$12 Joseph Carroll 

Latter & Blum, Inc. 



(985) 626-5695 

The above information was provided by the leasing agents. Any additions or corrections should be sent on company letterhead to Research, New Orleans CityBusiness, 111 Veterans Blvd., 

Suite 1440, Metairie 70005 


39A

Shopping centers 

(ranked by total rentable square feet) 

Shopping center 

Address 

Area 

Lakeside Shopping 

Center 

3301 Veterans 


Metairie 

Elmwood Village 

Center 


Parkway 

Elmwood 

Oakwood Center 

197 Westbank 

Expressway 

West Bank 

The Esplanade 

1401 W. Esplanade 

Ave. 

Kenner 

Hammond Square Mall 

Interstate 12 & U.S. 

Highway 51 

Hammond 

Clearview Mall 

4436 Veterans 


Metairie 

Southland Mall 

5953 W. Park Ave. 

Houma 

North Shore Square 

150 North Shore Blvd. 

Slidell 

Stirling Covington 

Center 

Interstate 12 and 

Highway 21 

Covington 

Stirling Slidell Centre 

61121 Airport Road 

Slidell 

Pavillion Shopping 

Center 


Ave. 

Kenner 

Premier Centre 

3474 U.S. Highway 190 

Mandeville 

The Shops at Canal 

Place 

333 Canal St. 


Westside North Center 

Westbank Expressway 

and Stumpt Boulevard 

Gretna 

Slidell Commerce 

Center 

1000 Caruso Blvd. 

Slidell 

Total rentable 

square feet 


Year completed 

1.163 million 

96 percent 

1960 

1 million 

96 percent 

1987 

960,000 

NA 

1966/2007 

917,000 

NA 

1985 

843,115 

85 percent 

2009 

700,000 

98 percent 

2002 

624,513 

90 percent 

NA 

621,192 

96 percent 

1985 

610,000 

95 percent 

2004 

345,000 

87 percent 

2003 

287,042 

73 percent 

1988 

273,000 

100 percent 

2000 

260,000 

97 percent 

1983 

252,000 

90 percent 

1998 

252,000 

25 percent 

1980/2007 

Major tenants 

Dillard's, Macy's, JCPenney, XXI by Forever 21, 

Apple, Pottery Barn, P.F. Chang's, Restoration 

Hardware, Sephora 

Home Depot, Sports Authority, Kmart, 

PetSmart, Best Buy, Office Max, Marshalls 

Sears, Dillard's, JCPenney 

Macy's, Dillard's, Dillard's Men 

Dillard's, Sears, Target, JCPenney, AMC 

Theatre, Best Buy, Books-A-Million, TJ Maxx 

Leasing agent 


Glen Wilson 

Greater Lakeside 

Corp. 

Metairie 

Will Place 

Robert M. Israel 

Brian Lade 

General Growth 

Properties 

Chicago 

Richard J. Rubino 

Simon Property 

Group 

Indianapolis 

Rhonda Sharkawy 

Beezie Landry 


Covington 

Parking 

spaces 

Type of 

center 

6,000 super 

regional 

shopping 

center 

NA 

NA 

4,558 regional 

NA 

NA 

4,230 power 

center 

Target, Bed Bath & Beyond, Sears Tara M. Lubrano 3,000 regional 

shopping 

center 

Dillard's, JCPenney, Sears 

Dillard's, JCPenney, Sears 

Target, Belk, JCPenney, Ross, Marshalls, 

Hollywood Theatre, Best Buy, World Market 

Target, Ross Dress for Less, PetSmart, Shoe 

Carnival, Dress Barn, David's Bridal, MW Tux, 

Academy Sports & Outdoors 

Academy Sports, Rouses Grocery, Furniture 

Mart 

Barnes & Noble, Bed Bath & Beyond, Stein 

Mart, Albertson's, Old Navy, Gap/Gap Kids, 

Victoria's Secret, Rack Room Shoes, Hallmark, 

Banana Republic, American Eagle, Romano's 

Macaroni Grill, Chili's, Aeropostale, La 

Madeleine, Albertson's 

Saks Fifth Avenue, Brooks Brothers 

Academy, Capital One, Casey Jones, Citi Trend 

Piper Flooring, Trinitys 

Marc Dusang 

Morguard | Revenue 

Properties 

Revenue Properties 

Management Co. 

Inc. 

Kenner 

Kenner 

Susan Swan 

Marc Dusang 

Revenue Properties 

Kenner 



Covington 



Covington 

Arnold Cooper 

Barrett Cooper 





Covington 

Open Realty 

Advisors 

Jeff Moore 

Realm Realty 

Denise Gaines 

Praveen Kailas 



2,716 enclosed 

mall 

NA 

NA 

enclosed 

mall 

power 

center 

1,000 power 

center 

NA 

NA 

NA 

power 

center 

1,625 mixed use/ 

lifestyle 

NA 

retail 

1,000 commerical 

office/retail 

condo 



40A 





Address 

Area 

Magnolia Shopping 

Center 

7000 Veterans 


Metairie 

Carrollton Shopping 

Center 

3300 South Carrollton 

Ave. 


Holiday Park 

3500-3580 Holiday 

Drive 

Algiers 

Kenner Plaza 

3300-3400 Williams 

Blvd. 

Kenner 

Slidell Commercial 

Center 

1000 Caruso Blvd. 

North Shore 

Riverwalk Marketplace 

1 Poydras St. 


Seville Plaza 


1905 W. Thomas St. 

Hammond 

Oak Ridge Plaza 

1951-1999 Barataria 

Blvd. 

Marrero 

Northlake Shopping 

Center 

1816-1896 N. 

Causeway Approach 

Mandeville 

Gentilly Shopping 

Center 

Gentilly Boulevard at 

Elysian Fields Avenue 


Midtown Square 


1555 Gause Blvd. 

Slidell 

Riverside Market 


5300 Tchoupitoulas St. 


Riverside Market 


5300 Tchoupitoulas St. 


West Lakeshore 


137-149 Robert E. Lee 

Blvd. 

Lakefront 

Plaza 190 Shopping 

Center 

Gause Boulevard and 

Highway 11 

Slidell 


square feet 



227,300 

95 percent 

1980 

225,000 

NA 

under construction 

224,500 

90 percent 

2006 

210,848 

95 percent 

2006/pending 

facade renovation 

200,000 

10 percent 

2008 

197,000 

NA 

1986 

187,515 

99 percent 

2000 

179,803 

100 percent 

1978 

163,000 

94 percent 

1981 

160,000 

60 percent 

1964 

152,212 

85 percent 

1997 

146,000 

97 percent 

1988 

146,000 

92 percent 

1988 

145,000 

98 percent 

renovated 2006 

115,135 

97 percent 

1974 

Major tenants 

Kmart, Chuck E. Cheese, JoAnn's Fabric, 

Gordon's of Metairie 

Firestone, Family Dollar 

Bank of America, Papa Johns, O'Reilly Auto 

Parts 

Burlington Coat Factory, Office Depot, Party 

City, Rite Aid 

Trinity reception hall, A Bride Adorned, Living 

The Word 

Southern Food and Beverage Museum, The 

Gap, Chicos, Ann Taylor Loft, Mike Anderson's, 

Crazy Lobster, Nine West, Clarks 

Albertson's, Big Lots, Aarons Rent to Own 

Laborie's Super Market, Stage, Tuesday 

Morning, Dollar Tree, Aaron Rents, CiCi's 

Pizza, It's Fashion, The Athlete's Foot, 

America's Best Contacts 

Fresh Market, Office Depot, Stage, Gordons 

Family Dollar, Cash America, Auto Zone, 

Capital One, Rainbow, Sherwin William, Simply 

Fashions, Radio Shack, Sally's Beauty Supply 

Office Depot, Hobby Lobby, Stage 

Winn-Dixie, Steinmart, Walgreens, Petco, Pier 

1, Kinko 

Winn-Dixie, Walgreens, Pier 1 Imports, Stein 

Mart, Petco 

Robert Fresh Market, Chateau Cafe, Fidelity 

Homestead 

Big Lots, Rite Aid, Tuesday Morning, Family 

Dollar, Rent-A-Center, Quiznos, Popeyes 

Leasing agent 


Moise S. Steeg 

James V. Kellett 

Brian K. Suiter 

Carrollton Central 

Plaza Associates 

Metairie 

David Waltemath 

Classic Properties 


Denise Gaines 




Skip Weber 




Brian Lade 

General Growth 

Properties 

Chicago 

Beezie Landry 


Covington 

Vincent Vastola 


Improvement 

Association, Ltd. 

Marrero 

John Meltzer 


Metairie 

Judy Slack 




Will Place 


Lauricella & 

Associates 

Harahan 

Arnold Cooper 

DBIC Property 

Management 






Covington 

Parking 

spaces 

NA 

Type of 

center 

large strip 

center 

1,100 regional 

shopping 

center 

NA 

retail 

800 strip 

898 retail and 

office 

0 marketplace 

NA 

neighborhood 

center 

903 community 

shopping 

center 

860 community 

590 strip center 

NA 

NA 

power strip 

regional 

400 neighborhood 

center 

R. Tom Lupo 400 commercial 

Chris Abadie 


Covington 

NA 

regional 




41A




Address 

Area 

Lapalco Village 


5901-5999 Lapalco 

Blvd. 

Marrero 

Belle Meade 

605 Lapalco Blvd. 

Gretna 

Westwood Shopping 

Center 

1020-1082 Westbank 

Expressway 

Westwego 

M.A. Green Shopping 

Center 

7801-7951 Airline Drive 

Metairie 

Airline Park Shopping 

Center 

6500-6600 Airline Drive 

Metairie 

Manhattan Shopping 

Center 

1500 Westbank 

Expressway 

Harvey 

Pontchartrain Place 



Metairie 

Bullard Square 


7500 Bullard Ave. 


Oak Park Shopping 

Center 

4700 Paris Ave. 


Old Metairie Village 



Metairie 

Woodmere Square 



Harvey 

Donna Villa Shopping 

Center 

9601 Chef Menteur 

Highway 


Holiday Square 


4001 General Degaulle 


The Village Center 

4800-4860 General 

Meyer Ave. 


Barlon Plaza 


7101 Veterans 


Metairie 


square feet 



111,221 

96 percent 

1986 

108,230 

72 percent 

1981 

100,575 

98 percent 

1974 

100,423 

100 percent 

1967 

100,000 

95 percent 

1962 

93,000 

80 percent 

2008 

91,288 

NA 

1978 

90,000 

20 percent 

2004/renovated 

2008 

84,000 

45 percent 

1957/Katrina 

renovations not 

complete 

83,429 

95 percent 

1987 

79,740 

100 percent 

1985 

74,505 

100 percent 

1960 

73,000 

93 percent 

1999 

70,000 

75 percent 

1970 

67,415 

100 percent 

1961 

Major tenants 

Winn-Dixie, Family Dollar, Cash America, Soul 

Train 

Breaux Mart, AT&T, Hallmart, Cash Advance 

Winn-Dixie, It's Fashion Metro, Rite-Aid, Dollar 

General, The Athlete's Foot, Radio Shack, 

Subway, H&R Block 

O'Reilly Auto Parts, Metairie Bank, Cash 

America, Family Dollar, Rose Dieu Restaurant 

Auto Zone, Save A Lot, Family Dollar 

Marshalls, Office Depot 

H&R Block, Invisalign, Kid to Kid, Gallerie 

Severn, Aspen Clinic, Penedo & Swiber, 

Eyemasters, Prudential Real Estate, Jazz Salon 

& Boutique, Planet Beach, Mandarin House 

Beauty Depot, Jackson Hewitt Tax Service 

Dollar General, Adrian's Bakery, Laundry 

Basket, American Federation Teachers/United 

Teachers of New Orleans, Angela's Dry 

Cleaning, Great Wok, Gentilly Senior Center, 

Ringlett's Hair Salon, Subway 

Blockbuster, CC's Coffee, Planet Beach, 

Subway, Burger King, Massage Envy, TCBY 

NA 

O'Reilly's, Home Decor, CitiTrends 

Rouses Grocery, Burks, Sewerage and Water 

Board of New Orleans 

Harry's Ace, Auto Zone, Family Dollar, Subway 

Walgreens, Big Lots, Dollar General 

Leasing agent 


Judy Slack 

NAI Latter & Blum, 



Andrea Arons 

Huseman 


Inc. 




Improvement 


Marrero 

Judy Slack 

NAI Latter & Blum, 



Will Place 


Lauricella & 

Associates 

Will Place 


Judy Slack 




Wade T. Verges 

7500 Bullard LLC 


Oak Park Shopping 

Center 


Amy Farnsworth 


Covington 

John Meltzer 


Metairie 

Joanne Hughes 

Property 

Management Group 


Arnold Cooper 


DBIC Property 

Management 




Jack Stumpf 

Jack Stumpf & 

Associates 

Harvey 

Eben T. Watkins 

Eben Watkins & 

Associates 


Parking 

spaces 

NA 

Type of 

center 

community 

576 shopping 

center 

391 community 

NA 

NA 

NA 

NA 

community 

NA 

NA 

community 

400 neighbor 

326 community 

NA 

NA 

NA 

NA 

350 shopping 

center 

NA 

180 strip 

neighborhood 


42A 





Address 

Area 

Chateau Village 

3501 Chateau Blvd. 

Kenner 

Oakridge Place 



Metairie 

Read Row Shopping 

Center 

7040-7094 Read Blvd. 


Jackson Brewerey 

Millhouse 

600 Decatur St. 

French Quarter 

Independence Mall 

4241 Veterans Blvd. 

Metairie 

Festival Plaza 

8700 Lake Forest Blvd. 


Hollycrest Plaza Inc. 

600 North Highway 190, 

Suite 212 

Covington 

Chateau Commons 



Kenner 

Lapalco Square 


Harvey 

Bullard Corporate 

Center 

5555 Bullard 


Slidell Square 

2131-2165 Gause Blvd. 

St. Tammany 

The Marketplace at 

Jackson Brewery 

400 N. Peters St. 

French Quarter 

Avondale Square 

2800 Highway 90 

Avondale 

Zuppardo Center 


Gretna 

Robert E. Smith 


801-833 Harrison Ave. 

Lakeview 

Borders Center 


Metairie 

Belle Terre Shopping 

Center 

1152-1180 Terry 

Parkway 

Terrytown 


square feet 



65,000 

75 percent 

2008-09 partial 

demo of existing 

60,722 

100 percent 


1994 

56,612 

80 percent 

1980 

54,000 

90 percent 

1996 

52,336 

89 percent 

1983 

50,000 

NA 

1990/renovation 

incomplete 

50,000 

90 percent 

1985 

49,745 

95 percent 

2003 

48,000 

84 percent 

1984 

40,000 

70 percent 


2006 

36,700 

93 percent 

1980 

35,000 

100 percent 

1878 

32,000 

50 percent 

1988 

30,000 

100 percent 

1980 

30,000 

100 percent 


29,736 

85 percent 

1997 

26,000 

72 percent 

1985 

Major tenants 

CVS, Regions, First NBC 

Pier 1 Imports, Langenstein's Grocery, Rite Aid, 

Capital One, Hallmark, PJ's Coffee 

Orleans Furniture 

Chico's, Cajun Clothing, Pat O's on the River, 

Riverview Room 

Diagnostic Imaging Services, Chili's Grill & Bar, 

Sake Cafe, Marble Slab 

NA 

The Finish Line, Bike Zone, Four Seasons 

restaurant 

Walgreens, Starbucks 

Blockbuster, Party City 

Davita Dialysis, Coffee Shop, Yay's Cleaners 

BFL 

Hard Rock Cafe, Landry's Seafood Restaurant, 

Urban Outfitters, French Connection, Peaches 

Music, WISH 

CVS, Family Dollar 

Bon Marche' Furniture, Major Video 

Leasing agent 


Denise Gaines 




Amy Farnsworth 


Covington 

Joanne Hughes 

Property 



Stephanie Hilferty 



Metairie 




Parking 

spaces 

Type of 

center 

800 retail strip 

NA 

community 

150 shopping 

center 

NA 

NA 

350 NA 


shopping 

center 

Susie Bishop 220 shopping/ 

retail 

Jeff Moore 

Realm Realty 

Jack Stumpf 

Jack Stumpf & 


Harvey 




Joanne Hughes 

Property 



Arnold Cooper 

DBIC Property 



Arnold Cooper 

DBIC Property 

Management 


Jack Stumpf 

Jack Stumpf & 


Harvey 

NA 

retail 


strip 


center 

175 shopping 

center 

NA 

NA 

NA 

NA 

150 strip 

West Marine, Lakeview Grocery on Harrison R. Tom Lupo 80 commercial 

Borders Bookstore 

CarQuest Parts 

Ronald Robert 

Rauber 



Metairie 

Joe Maerke 

Jack Stumpf & 

Associates 

Harvey 

138 retail and 

office 

150 strip 




43A




Address 

Area 

Chalmette Shopping 

Center 

1918 E. Judge Perez 

Drive 

St. Bernard 

Esplanade Plaza 

3535 Severn 

Metairie 


square feet 



25,480 

70 percent 

1977 

24,240 

100 percent 

1978 

Major tenants 

Dollar Tree 

CVS Pharmacy, Taqueria Corona, Jackson 

Hewitt, Jenny Craig Weight Loss, Framin Place 

& Gallery, Cookie Bouquet, Wok to Go 

Leasing agent 


Joanne Hughes 

Property 



Judy Slack 




Parking 

spaces 

Type of 

center 

75 shopping 

center 

NA 

community 

Market Square 

9301 Lake Forest Blvd. 


24,000 

50 percent 

2006 

Jackson Hewitt Taxes, Samie's Chicken, 

Cleaners, Uniform Shop, Nail Gallery 





shopping 

center 

Terry Parkway 


632-654 Terry Parkway 

Terrytown 

18,000 

94 percent 

1980 

NA 

John Meltzer 


Metairie 

NA 

strip 

Crossroads 


Mandeville 

17,000 

80 percent 

NA 

NA 

Joseph W. Carroll II 


Mandeville 

NA 

NA 

Manhattan Shopping 

Center 

1818 Manhattan Blvd. 

Harvey 

17,000 

86 percent 

2004 

Alltel, Singer Kitchen 

Bobby Hebert 

Jack Stumpf & 


Harvey 

85 local strip 

Oak Cove Center 

3176 Barataria Blvd. 

Marrero 

17,000 

100 percent 

2005 

Dollar General, Anytime Fitness 

center is owner 

managed after 

recent sale 

NA 

NA 

Belle Barataria Centre 

1855 Barataria Blvd. 

Marrero 

14,000 

80 percent 

2005 

Shane's Rib Shack, Sprint, Quizno's 



Improvement 


Marrero 

88 strip 

Frenchman's Creek 


2221 Trancontinental 

Metairie 

13,397 

100 percent 

1978/2009 

renovated 

NA 


Susan Wallace 

Preferred Realty Inc. 

Metairie 

46 NA 

Willow Tree 

7701 Dwyer 


12,000 

40 percent 


2008 

Hill Brothers Construction Co., Dress Shop, 

Church 





shopping 

center 

Henna Plaza 

1401 Westbank 

Expressway 

Westwego 

11,500 

85 percent 

2006 

Snap Fitness, Vermillion Wireless 

Barry Burkart 

Jack Stumpf & 

Associates 

Harvey 

55 strip 

Alvena Smith Lupo 



Lakeview 

11,206 

100 percent 


Lakeview Harbor, Young's Cleaners, Tastee 

Restaurant 

R. Tom Lupo 25 commercial 

strip center 

Lapalco Shopping 

Center 


Gretna 

11,000 

100 percent 

1984 

Leslie Pool Supply 

Cybble Bucceri 

Jack Stumpf & 


Harvey 

55 strip center 

Millstream Shopping 

Center 

3440 Division St. 

Metairie 

10,006 

100 percent 

1988/2000 

NA 


Susan Wallace 


Metairie 

50 NA 



44A 





Address 

Area 

Williams Lupo 



Lakeview 


square feet 



9,149 

100 percent 


Major tenants 

Leasing agent 


Parking 

spaces 

Type of 

center 

Lago, Coral Reef Pet Shop, Avenue Art R. Tom Lupo 40 commercial 

strip center 

Whitewater Creek 


Metairie 

8,331 

100 percent 

1979 

NA 


Susan Wallace 


Metairie 

36 NA 

Grove I 

4917 W. Napoleon Ave. 

Metairie 

7,645 

100 percent 


NA 


Susan Wallace 


Metairie 

38 NA 

Woodland Center 


Mandeville 

4,500 

91 percent 

1985 

Dr. Hebert 

Marcia D'Amico 

Mike D'Amico 


Mandeville 

NA 

neighborhood 

Grove II 


Metairie 

2,002 

0 percent 

NA 

NA 


Susan Wallace 


Metairie 

10 NA 



Business/industrial campuses or complexes 

(ranked by total square footage for which the leasing company has responsibility) 

Property name 

Address 

James Business Park 

150 James Drive E., 

Suite 140 

St. Rose 

Former Delchamps 

Warehouse 

407 Pride Drive 

Hammond 

Northpark Business 

Park 

109 Northpark Blvd. 

Covington 

Riverbend Business 

Park 

Riverbend Boulevard 

St. Rose 

Labarre Business Park 

901 Labarre Road 

Metairie 

Total square footage 

for which the leasing 

company has 

responsibility 

Planned 

square 

footage 

Total 

acreage Office 

available Service 

center Warehouse 

Rent range 

per square 

foot 

Rental contact 

Company 

Phone 

921,887 2,875,000 200 Y Y Y $5.10-$17.50 Daniel P. Poulin 

Sealy and Co. 

St. Rose 

463-5600 

706,000 WND 60 Y N Y $4-$4.50 Ben Derbes 



600,000 WND WND Y Y N WND Barry Spizer 

Lee M. de le 

Houssaye 



ERA Stirling 


Metairie 

831-2363 

(985) 898-2022 

592,000 WND WND Y Y Y $3.85-$10 

net 

313,000 WND WND N N Y $5.40 square 

foot net 

Trimble Green 


Inc. 


669-8722 

Gerard E. Henry 



733-5985 


45A

Business/industrial campuses or complexes 

(ranked by total square footage for which the leasing company has responsibility) 

Property name 

Address 

Alamosa Business Park 


North Shore 

Total square footage 

for which the leasing 

company has 

responsibility 

Planned 

square 

footage 

Total 

acreage Office 

available Service 

center Warehouse 

Rent 

range 

per 

square 

foot 

300,000 150,000 20 Y Y Y $10 and 

up 

Rental contact 

Company 

Phone 

Robert Tufts 

Raymond C. Fink III 

KW Commercial 

Mandeville 

(985) 727-2177 

Rathborne Industrial 

Park 

P.O. Box 157 

Harvey 

240,000 0 40 Y N Y WND Annette McDow 

Rathborne Properties 

LLC 

Harvey, LA 

504-368-6355 

New Orleans Regional 

Business Park 

13801 Old Gentilly Road 


130,000 400,000 7,000 Y N Y contact 

office 

Zandra Washington 

Roy N. Mack Sr. 

254-4603 

Marrero Industrial 

Subdivision 

3400 block of Westbank 

Expressway 

West Bank 

The Preserve 

Waterfront Office Park 

Helenbirg Road 

Covington 

Plantation Business 

Campus 

104 Campus Drive E. 

Destrehan 

125,000 WND WND Y N Y WND Vincent Vastola 


Improvement 


Marrero 

341-1635 

80,000 80,000 7.5 Y N N $19 Rich Mauti 


Brokers Inc. 

Mandeville 

(985) 727-0001 

77,311 WND WND N Y Y $7-$9 Greg Riera 



585-2670 

James Business Park 

916 W. Airline Highway 


36,250 1,500,000 275 Y Y Y $6-$16.50 Charles M. Mullin 

The Mullin Co. Inc. 

St. Rose 

465-9345 

Holiday Office Park 

3520 Holiday Drive 

Algiers 

Orchard Office Park 

Building D 

46 Louis Prima Drive 

Covington 

7,200 9,600 5 Y N N $17-$19 David Waltemath 

Classic Properties 

Management 


364-2350 

3,522 WND WND Y N N WND Barrett Cooper 



(985) 898-2022 

Orchard Office Park 

Building G 

40 Louis Prima Drive 

Covington 

3,200 WND WND Y WND N WND Barrett Cooper 


Covington 

(985) 898-2022 

Columbia Landing 

Condos Unit 3 

616 Rutland St. 

Covington 

2,000 WND WND Y N N $18 Joseph W. Carroll II 


Mandeville 

(985) 626-5695 ext. 

22152 

The above information was provided by the leasing agents or leasing companies. Any additions or corrections should be sent on company letterhead to Research, New Orleans 

CityBusiness, 111 Veterans Blvd., Suite 1440, Metairie 70005 

46A 


Warehouse space 


Property name 

Address 

Area 

Delchamps Facility 

407 Pride Blvd. 

Hammond 

Riverbend Distribution Center I 

100 Riverbend Blvd. 

St. Rose 

1420 Sam's Ave. 

1420 Sam's Ave 

Elmwood 

Airline Highway Commerce Center 

10057 Airline Drive 

St. Rose 

6200 Humphreys St. 

6200 Humphreys St. 

Harahan 

Office Suites at 1050 (former 

Louisiana Coca-Cola Bottling Co.) 

1050 S. Jefferson Davis Parkway 

Mid-City 

James Distribution Center I 

310 James Drive 

St. Rose 

River Road Commerce Center 

640 River Road 

Westwego 

800 Atlantic St. 

800 Atlantic St. 

Algiers 

5200 Coffee Drive 

5200 Coffee Drive 

Uptown 

6040 Beven St. 

6040 Beven St. 

Elmwood 

Labarre Business Center 

901 Labarre Road 

Labarre Business Park 

600 St. George Ave. 

600 St. George Ave. 


Riverbend Distribution Center II 

101 Delta Drive 

St. Rose 

Building 7 

200 Crofton Road 

Kenner 

Michoud Boulevard Commerce 

Center 

4200 Michoud Blvd. 


Edwards Distribution Center 

1300 Edwards Ave. 

Elmwood 

K&B Elmwood Distribution Center 






Parkway Center II 

700 Elmwood Park Blvd. 


Industry Road Distribution Center 

940 Industry Road 

Kenner 

7400 Townsend Place 

7400 Townsend Place 


132-34 Harbor Circle 

132-34 Harbor Circle 


1008 Elmwood Park 

1008 Elmwood Park Blvd. 

Harahan 



665,867 

100 percent 

367,370 

56 percent 

355,350 

100 percent 

275,000 

50 percent 

267,500 

72 percent 

259,251 

75 percent 

253,614 

100 percent 

242,400 

67 percent 

240,000 

67 percent 

225,000 

100 percent 

213,600 

60 percent 

210,000 

71 percent 

180,025 

68 percent 

180,000 

100 percent 

177,600 

77 percent 

176,000 

100 percent 

160,593 

95 percent 

159,831 

100 percent 

137,000 

100 percent 

136,000 

100 percent 

116,320 

80 percent 

112,500 

100 percent 

108,043 

40 percent 

104,000 

0 percent 

Rail service 

Loading dock 

Y 

Y 

N 

Y 

N 

Y 

Y 

Y 

N 

Y 

N 

Y 

N 

Y 

Y 

Y 

N 

Y 

Y 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

Sale price 

Rent range per square 

foot 

not for sale 

not for rent 

NA 

$3.85-$4.15 

not for sale 

not for rent 

NA 

$5.50 gross 

NA 

$3.50 

NA 

$3-$6 

NA 

$5.50-$6.50 

$12 million 

$5.50 gross 

NA 

$5 gross 

$12 million 

$6 gross 

$14,000,000 

$7 gross 

not for sale 

$5.40 net 

not for sale 

$2.50-$3 net 

NA 

$4.15-$8 

NA 

$3.95 

NA 

$6 gross 

NA 

$4-$5 

not for sale 

$4.50 net 

not for sale 

not for rent 

NA 

$4-$4.50 

not for sale 

$3.25-$3.75 net 

NA 

$2.50-$2.75 

NA 

$2.50-$2.75 

$3.2 million 

$5.50-$7.50 

Leasing agent 


Ben Derbes 



Trimble Green 





Kevin Kelly 

Al Davis 

Duff Friend 

Latter & Blum 


Edward Halpern 

Jennifer A. Lee 

Sealy and Co. 

St. Rose 

Kevin Kelly 

Kevin Kelly 

Kevin Kelly 

Kevin Kelly 





Max J.Derbes Inc. 


Trimble Green 





St. Rose 

Kevin Kelly 

Gerard Henry 

Max Derbes 








Trimble Green 






Duff Friend 

Latter & Blum 


Duff Friend 

Latter & Blum 


Robert Bridgewater 



Key: N=No Y=Yes nfs=not for sale nfr=not for rent NA=not available/not applicable The above information was provided by the leasing agents. Any additions or corrections should be sent on 

company letterhead to Research, New Orleans CityBusiness, 111 Veterans Blvd., Suite 1440, Metairie 70005 


47A



Property name 

Address 

Area 

2601-2603 L&A Road 

2601 L&A Road 

Metairie 

Labarre Business Center 

2601 L&A Road 

Labarre 

5042 Bloomfield St. 

5042 Bloomfield St. 


61450 Lemieux Blvd. 

61450 Lemieux Blvd. 

Big Branch 

Brookhollow Center 


Elmwood 

Brookhollow/River Road 

5801 River Road 


Halpern Warehouse 

1148 South Peters St. 

Warehouse District 



Jefferson 

SJD-CC LLC 

900 Jefferson Davis Parkway 

Mid-City 



Jefferson 

Parkway Center I 

550 Elmwwod Park Blvd. / 5400 

Pepsi St. 


Cypress Point Business Center 

660-668 Distributors Row 


Riverbend Service Center 

1000 Riverbend Blvd. 

St. Rose 

246 Harbor Circle 

246 Harbor Circle 

Lakratt Business Park 

924 Kenner Ave. 

924 Kenner Ave. 

NA 



Metairie 

1021 Al Davis Road 

1021 Al Davis Road 


Airport Road Warehouse 

43254 S. Airport Road 

Hammond 

Boyce 

166 Boyce Road 

Harahan 

Tifton 

1100 24th St. 

Kenner 

Skyway Park 

30 Crofton Road 

NA 

10389 Airline Highway 

10389 Airline Highway 


The Edson Building 

21357 Marion Lane 

Mandeville 



103,208 

64 percent 

101,802 

65 percent 

100,000 

100 percent 

90,000 

0 percent 

89,335 

100 percent 

85,083 

90 percent 

82,500 

0 percent 

78,450 

100 percent 

69,986 

100 percent 

65,780 

100 percent 

65,504 

93 percent 

61,444 

96 percent 

44,273 

87 percent 

44,000 

100 percent 

30,000 

20 percent 

22,040 

0 percent 

21,000 

0 percent 

20,000 

0 percent 

20,000 

100 percent 

18,000 

90 percent 

14,648 

100 percent 

14,400 

0 percent 

13,222 

52 percent 

Rail service 

Loading dock 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

N 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

Y 

N 

N 

N 

N 

Y 

Y 

NA 

NA 

N 

Y 

N 

Y 

N 

N 

Sale price 

Rent range per square 

foot 

not for sale 

$5.50 

NA 

6 

not for sale 

not for rent 

NA 

$16,700 

NA 

NA 

not for sale 

$5.75 

NA 

NA 

not for sale 

not for rent 

NA 

NA 

not for sale 

not for rent 

NA 

$4-$9 

NA 

$4-$9.50 

NA 

$8-$10 

not for sale 

not for rent 

NA 

$4.50 to $7.50 

$995,000 

$2.70 

not for sale 

$6.95 net 

$1.67 million with 

adjoining 1.5 acres 

$6.75 

NA 

$4.50 

NA 

$6 

NA 

$4.71 

1,495,000 

NA 

NA 

$10-$14 

Leasing agent 





Gerard Henry 

Max Derbes 

New Orlens 






Mandeville 

Robert Bridgewater 







SJD-CC LLC 






Keith G. Henry 



Trimble Green 



Trimble Green 



Trimble Green 






Rich Mauti 

Mauti Meredith Scoggin Properties 

Mandeville 

Skip Weber 

NAI/Latter & Blum Inc. Realtors 





Joe Kramer 

David Spear 


Covington 


Denise Gaines 


Metairie 

Denise Gaines 






Metairie 



St. Rose 



Mandeville 



48A 




Property name 

Sale price 

Address 

Total square feet Rail service Rent range per square Leasing agent 

Area 

Percent occupied Loading dock foot 


2605 Delaware 

12,681 

N 

$499,000 

Skip Weber 

2605 Delaware Ave. 

100 percent Y 

$0 


Kenner 


38189 Commercial Court 

12,000 

N 

$732,000 

Skip Weber 


0 percent 

N 

$5 


Slidell 


Pelican Service Center 

10,500 

N 

not for sale 

Ben Derbes 

1401 Distributors Row 

91 percent N 

$10.50 




1317 Carroll 

10,000 

N 

$0 

Skip Weber 

1317 Carroll St. 

50 percent N 

$5.75 


Kenner 



9,000 

N 

$549,000 

Skip Weber 


0 percent 

N 

$7.87 


Slidell 


3909 Tournefort St. 

7,000 

N 

$350,000 

Skip Weber 

3909 Tournefort St. 

0 percent 

N 

$6 


Chalmette 


Warehouse E 

4,900 

N 

NA 


802 Short St. 

0 percent 

Y 

$3.80 


Kenner 

St. Rose 

212 23rd St. 

3,805 

N 

$1,685 per month Cassie Goldsboro 

212 23rd St. 

0 percent 

N 

$5.31 

Susan Wallace 

Kenner 


Metairie 

811 Ramon St. 

3,000 

N 

NA 


811 Ramon St. 

100 percent N 

NA 


Mandeville 

Mandeville 

56742 Dwyer 

2,000 

N 

$0 

Skip Weber 

56742 Dwyer Ave. 

0 percent 

N 

$10.20 


Slidell 




From our humble beginnings in 1990, ISMG has grown to 

become one of the nation’s largest, most innovative, progressive 

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Today, our service reach covers 21 States. More importantly, we are proud 

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St. Petersburg • Tampa • Washington DC • Winston-Salem 

365 Canal Street • New Orleans, LA • 504.528.8299 • www.ismg-usa.com

Not just any mortgage, 

the right mortgage for you. 

Whether it’s your first home or just time for a change, 

Hancock Bank can help you take advantage of today’s low 

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CALL 

CLICK 

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Visit a branch near you 

Mortgage options right for you and your budget. 

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Several mortgage options, like fixed-rate, FHA and VA loans. 

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Hammond 

Pattie Amador 

(985) 543-3760 

Tammy Williams 

(985) 543-3759 

Lapalco 

Caryl Gerkin 

(504) 366-4883 

Mandeville 

Michael Buras 

(985) 674-5481 

Metairie 

Ann Loggins 

(504) 832-2962 

Slidell 

Pam Breland 

(985) 726-2303 

Equal Housing Lender. All loans subject to credit approval. Member FDIC.

Real Estate Trends - New Orleans City Business

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