Starbucks Open At Pan American Life Center In New Orleans
Stirling Properties commercial real estate company welcomes Starbucks to the Pan American Life Center located at 601 Poydras Street in New Orleans’ Central Business District. A soft opening will be held today, and the coffee franchise will be officially brewing for the weekend.
Stirling Properties acquired the Pan American Life Center in 2010 as part of its expanding portfolio in the New Orleans market. A plan to convert the first floor to retail and restaurant space with more exterior exposure commenced late last year, and the build-out work was completed back in March.
Other tenants on track to join Starbucks on the ground level include Tsunami Sushi (opening late-summer of 2016) and Morris Bart concierge service. Additional retail space is available for lease.
For leasing information, please contact Rhonda Sharkawy, Stirling Properties Senior Retail Leasing and Development Executive, at rsharkawy@stirlingprop.com or (504) 620-8145. For office information, contact Gaines Seaman, Stirling Properties Sales and Leasing Executive, at gseaman@stirlingprop.com or (985) 620-8187.
Tsunami Sushi Coming to Pan American Life Center in New Orleans
First Tenant Announced for First Floor Conversion
to Retail & Restaurant Space
Stirling Properties is excited to announce the addition of Tsunami Sushi to Pan American Life Center, located at 601 Poydras Street in New Orleans’ Central Business District. Pan American Life Center, a premier Class-A office building located at the prominent corner of Poydras Street and St. Charles Avenue, is set to undergo a first floor conversion to retail and restaurant space with more exterior exposure. Tsunami Sushi is the first announced tenant for the conversion with additional deals under negotiation.
The approximately 6,700-square-foot restaurant will be Tsunami Sushi’s fourth location and will open in late 2016. “We think it’s the perfect location for easy access for the neighboring businesses and residents as well as tourists” says Tsunami owner Michele Ezell. Tsunami Sushi is locally and regionally renowned with the success of their Lafayette location and in Downtown Baton Rouge on the top floor of the signature Shaw Center. “Tsunami will serve as the anchor for our conversion of the first floor to retail and restaurants. We are excited about the concept and the energy it will bring to our Pan Am building,” says Grady K. Brame, Executive Vice President at Stirling Properties.
Exciting information regarding the first floor conversion will be announced soon.
Rhonda Sharkawy and Dan Tate, both Sales and Leasing Executives with Stirling Properties, completed the transaction. Ms. Sharkawy represented the landlord and Mr. Tate represented Tsunami Sushi. For more information regarding Pan American Life Center, contact Gaines Seaman at gseaman@stirlingprop.com or call (985) 620-8187.
Pan-American Life Insurance Group Renews Poydras Street Lease and Reaffirms Commitment to New Orleans
Stirling Properties and Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced this morning that they have renewed the lease on their 601 Poydras Street corporate headquarters office space through 2024.
“601 Poydras has been home to Pan-American Life’s corporate headquarters since 1981,” explained José S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “And while our business has grown to include operations all over the Americas, New Orleans remains an essential cornerstone of our corporate identity as well as our business strategy.”
The lease renewal is a reflection of Pan-American Life’s commitment to the city in which it was founded, more than 100 years ago. “We strive to have a positive impact on all the communities that we serve and that’s especially important here in our home city whether it is by creating Louisiana based jobs through our domestic business or being a socially responsible corporate citizen,” Suquet added. “You can see through our partnerships with the Louisiana Philharmonic Orchestra; United Way; and the Hispanic Heritage Foundation, that we are dedicated to investing in the arts, education, community development and public safety thereby making significant contributions to the growth of New Orleans and the wellbeing of all its residents.”
“Pan-American Life’s renewed lease of their headquarters is further testament of the commitment they have to the City of New Orleans,” stated Marty Mayer, President and CEO of Stirling Properties. “Stirling Properties is proud to have worked with them as we continue to expand and increase the tenancy at Pan-American Life Center.”
Pan-American Life will also retain the building’s naming rights, ensuring that the Pan-American Life Center will continue to be a landmark in the Central Business District.
Stirling Unveils New Websites for Hammond Square and Pan American Life Center
Stirling Properties is excited to unveil new websites for Hammond Square in Hammond, Louisiana and Pan American Life Center in New Orleans.
Stirling 601 Poydras, LLC Acquires Pan-American Life Center in New Orleans, Louisiana
The Pan American Life Center located on the Corner of Poydras Street and Saint Charles Avenue
COVINGTON, Louisiana —- (DECEMBER 22, 2010)
Stirling 601 Poydras, LLC , an entity comprised of local investors led by Stirling Properties, recently acquired the Pan-American Life Center in New Orleans, Louisiana from Equastone Real Estate Investment Advisors, a private real estate investment firm in San Diego, California.
Stirling Properties’ Senior Vice President of Acquisitions, Jeffrey L. Marshall, led the team in this effort to acquire the 673,000 square foot high-rise located at 601 Poydras Street. The exclusive management and leasing rights will be handled by Stirling Properties, whose portfolio now includes over 12 million square feet.
“We are very excited about the acquisition of the Pan-American Life Center,” said Marty Mayer, President and CEO of Stirling Properties. “Our acquisition team seized a tremendous opportunity to own what we believe is the premier office building in the Central Business District of New Orleans.”
Lewis Stirling, an Executive Vice President and Partner of Stirling Properties, views this acquisition not only as a positive investment for the company but also as a vote of confidence in the future of New Orleans. “I believe strongly that the acquisition and development opportunities in the city are going to be plentiful over the next few years. We expect that Stirling Properties will play a major role in New Orleans growth.”
The Pan-American Life Center is a 28 story, inclusive of an eight-story parking structure located above the ground floor, Class A office building with amenities that include a full-service cafeteria and conference center. Built in 1980 as the headquarters for the Pan-American Life Insurance Co., this multi-purpose facility now serves as the headquarters to several large employers and is 91% leased. For information regarding the Pan-American Life Center contact:
Marty Mayer at 985-246-3714 or mmayer@stirlingprop.com for acquisition questions
Gaines Seaman at 504-620-8187 or gseaman@stirlingprop.com for leasing opportunities
