A Trusted Name in Commercial Real Estate Since S P R I N G The New Orleans Market News

Transcription

1 S P R I N G The New Orleans Market News Exchange Centre CBD Office Suites For Lease 935 GRAVIER STREET, NEW ORLEANS Renovated office suites, fitness center, conference rooms, sundry shop and restaurant; suites from 1,178 to 20,000 s. f.; $ $18.00 s. f. fully serviced, including entire 15th floor 20,000 rsf. Joe Gorman, CCIM (504) CBD Office with Parking For Sale 636 CARONDELET STREET & 731 GIROD STREET, NEW ORLEANS 3,994 s. f. office building on three floors with elevator and adjacent parking lot; high end finishes with conference room, brick courtyard with balcony, full kitchen, 5 private offices & 2 open rooms. $1,550,000. Diamond Jacks Hotel For Sale 711 DIAMOND JACKS BLVD., BOSSIER CITY, LA This operating hotel is located between I-20 and the Red River. This 25+/- Ac. site boasts a 12-story hotel with 575+/- rooms and banquet facilities; over 1,500 parking spaces. The gaming license is not a part of the offering. Elmwood Freestanding Office/Warehouse For Lease 221 RESEARCH DRIVE, ELMWOOD BUSINESS PARK 27,053 s. f. with 3,510 s. f. offices in two areas; eave / 22 clear height; 5 ton bridge crane; double interior truckwell, drive-in ramp and side ground level door; fenced yard each side. $12,000/month, net. A Trusted Name in Commercial Real Estate Since Licensed by the Louisiana Real Estate Commission Licensed by the Mississippi Real Estate Commission 5440 Mounes Street, Ste. 100 Elmwood Business Park New Orleans, LA

2 N E W O R L E A N S Spring Update 2018 Industrial Market Trends 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000, ,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 0 Available Industrial (S.F.) Industrial Activity (S.F.) The New Orleans metropolitan industrial market maintained course in 2017 despite significant changes on the horizon. Metals storage, long a key component of New Orleans industrial occupancies, has undergone significant regulatory change, and space historically occupied by metals is experiencing increasing vacancy. As this square footage finds its way back into the market after a long absence, we have been fortunate for steady demand to balance the market thus far. Overall available industrial space increased 6% from 3,615,000 s. f. at year-end 2016 to 3,825,000 s. f. at the close of While addition to inventory over the previous 18 months is +25%, the rate appears to have slowed over the last two quarters. Sales and leasing activity for 2017 finished at 2,260,000 s. f.. This level of demand represents a decrease of nearly 7% from the 2016 yearly total; however, it remains fairly consistent with the past five years. While accelerating warehousing requirement for e-commerce uses has not been observed locally to the extent of other regions, the strength of the local market remains obvious. The motion picture industry is still active albeit at a less frenzied pace. The purchase market is strong despite limited viable product. There is now the possibility of stimulus from the recently passed Tax Cut and Jobs Act. Looking forward, the short-term outlook will likely include a softer market for offerings above 30,000 sf. Larger, older properties typically occupied for raw storage may experience extended marketing periods and downward pressure on prices unless demand surfaces to replace metals commodities which have long occupied this sector. With those facilities inevitably coming back to market, our forecast is for overall vacancy to increase in However, due to the relatively small size of the most viable, more modern distribution warehousing stock, it is forecasted that occupancy levels in that segment will remain static for the next several quarters. Key Lease Transactions 4Q Q 2018 PROPERTY SF TENANT TRANSACTION TYPE SUBMARKET Hipark 50,000 Graham Packaging Expansion Hammond 1500 Industrial 66,000 relogistics Renewal Hammond 7330 W. Judge Perez 58,500 Meyers Warehouse Renewal NO East Key Sale Transactions 4Q Q 2018 PROPERTY SF SELLER BUYER SUBMARKET 6000 Jefferson Highway 74,000 Jefferson Highway Commerce Center Barachiel LLC Elmwood 181 Riverbend 53,360 Prager Inc. Briggs Equipment Inc. St. Charles 550 Modern Farms 82,000 Huntington Ingalls Inc. Lapeyre Properties LLC Westbank 4325 France 414,000 Gulf Coast Shipyard Realty LLC Port of New Orleans New Orleans Max J. Derbes, Inc Mounes St. Suite 100, New Orleans, LA maxderbes.com

3 Elmwood Distribution Warehouse with Acreage 5733 CITRUS BOULEVARD, ELMWOOD BUSINESS PARK 183,000 s. f. with 16,912 s. f. offices; 17 acres mostly paved; loading via 7 truck well doors & 11 ground level doors; 28 eave with 34 center height; fully sprinklered; rail served. $4.95 s. f., net. Distribution Warehouse & Yard For Lease 5042 BLOOMFIELD STREET, JEFFERSON 100,000 s. f. sprinklered warehouse with 3,968 s. f. office; dock & grade loading; 17.5 to 22 clear heights; 213,000 s. f. hard-packed storage yard; add l. 108,833 sf adjacent land available. $3.25 s. f., net. David B. Quinn, SIOR (504) Airline Drive Property For Sale 100 W. AIRLINE DRIVE, KENNER 95,250 s. f. semi-dock height storage warehouse complex with 6,400 s. f. offices; 33.5 clear height; 11.7 acres zoned C-2/H-I; excellent visibility; $3,650,000. Owner may subdivide/lease bldgs. separately. Large Warehouse Space For Lease 600 ST. GEORGE AVENUE, JEFFERSON Up to 98,195 s. f. office/warehouse space; fully sprinklered; 12 wide covered loading dock; available immediately; may subdivide. $3.10 s. f., net. David B. Quinn, SIOR (504) Acres Mississippi River Industrial Site LA HIGHWAY 23, BELLE CHASSE, PLAQUEMINES PARISH 598 acre deep water rail-served industrial site 15 miles downriver from New Orleans; 7,000 linear feet river frontage suitable for barge fleeting & ship dock; sale, lease, or joint venture opportunities available. Harvey Canal Waterfront Industrial Sites For Sale 740 AND 1075 PETERS ROAD, HARVEY Heavy industrial sites filled & stabilized: 1075 Peters: 7.2 acres nonwaterfront with office/warehouse; $1,800, Peters: 2.5 acres waterfront; $645,000. Joe Gorman, CCIM (504)

4 Crane Served Fabrication Facility Available 129 E. THIRD STREET, KENNER 37,504 s. f. facility with 5,561 s. f. offices; two 3-ton cranes & four 5-ton cranes; 3.48 acre site zoned Special Industrial. $16,500 per month on a net lease basis or $2,250,000. David B. Quinn, SIOR (504) or Jack Quinn (504) Distribution Center For Sale 1022 HIGHWAY 51 SOUTH, OSYKA, MISSISSIPPI 116,000 s. f. with 1,900 s. f. offices; 7.68 acre site; dock loading with 9 truck positions; eave height from 14 to 24 ; portion presently leased month-to-month; just off I-55 near MS/LA line. $1,875,000. Gerard E. Henry, SIOR (504) Elmwood Warehouse For Lease 525 ELMWOOD PARK BOULEVARD, ELMWOOD BUSINESS PARK 36,500 s. f. warehouse with 3,120 s. f. ground floor office; dock loading via truck well & grade loading via 2 overhead doors; small rear yard; 28 parking spaces. $4.95 s. f., net. Elmwood Processing/Distribution Warehouse For Sale 698 ST. GEORGE AVENUE, JEFFERSON 86,427 s. f. with 12,180 s. f. offices; eaves; dock height loading; prior food processing plant with dry storage, cold storage freezer, and boiler which can remain or be removed. Reduced to $1,650,000. David B. Quinn, SIOR (504) or Bryce French (504) Ponchatoula Warehouse Investment For Sale 250 EAST WILLOW STREET, PONCHATOULA 65,973 s. f. with 61,451 s. f. sprinklered main warehouse & 2 ancillary outbuildings of 4,522 s. f.; dock & grade loading; 4.6 acre +/- site; main warehouse leased through 4/30/20. $1,350,000. David B. Quinn, SIOR (504) or Jack Quinn (504) Northshore Warehouse For Sale or Lease 1744 SOUTH LANE, MANDEVILLE 35,656 s. f. including 2,139 s.f. offices; 2.53 acres zoned M-2; 24 eaves; double truck wells, two 14 x 14 ground level doors; 800 AMP 3-phase power. Please contact agent for more information. (Owner/Agent)

5 Huntington Ingalls Avondale Shipyard For Sale 5100 RIVER ROAD, AVONDALE, LA 206 acre waterfront industrial complex with direct inland water and Gulf of Mexico access, along with rail and highway access; has the ability to manufacture any large scale fabrication desired. Elmwood Office/Warehouse with Yard For Lease 1021 AL DAVIS ROAD NORTH, ELMWOOD BUSINESS PARK 21,000 s. f. warehouse with 750 s. f. offices and 25,000 s. f. rear yard; 18 side eave, 20 center; ground level loading via six (6) 10 x 14 overhead doors. $7.00 s. f., net. Industrial Acreage For Sale FOUNDRY ROAD, WAGGAMAN 49.5 acres undeveloped land zoned M-2, Industrial District; adjacent to fabrication and manufacturing facilities. $1,450,000. Broussard Industrial Acreage For Sale 500 BLOCK MOULIN ROAD, BROUSSARD, LA acres total site area; land is cleared and filled; industrial zoning; near Highway 90. $1,750,000 ($1.40 per square foot). West Bank Industrial Land NINE MILE POINT ROAD WEST, BRIDGE CITY acres near newly expanded Huey P. Long Bridge; zoned M-1; excellent access to eastbank. $2.85 s. f. Nearby 9.62 ac. site at end of Utah Beach Dr. also available, cheap. Large Industrial Site For Sale ALMONASTER AVENUE, NEW ORLEANS 42 acres cleared & filled east of Industrial Canal; net usable land area 32 +/- acres; zoned heavy industrial. $1,299,000. David B. Quinn, SIOR (504) or Jack Quinn (504)

6 Airline Drive Property Sale or Lease 100 W. AIRLINE DRIVE, KENNER 68,400 s. f. in 3 buildings: two 31,000 s. f. semi-dock warehouses; 33.5 clear height; 6,400 s. f. office; 8 acres zoned C-2/H-I; excellent visibility; $2,950,000. May subdivide/lease separately. Industrial Building for Sale 200 FUNSTON STREET, ELMWOOD 15,000 s. f. with 2,600 s. f. offices on 2 floors; clear span with 20 eaves; 4 ground level doors plus truckwell; 49,997 s. f. site zoned M-1, Industrial. $720,000. Office/Warehouse For Sale 100 W. VIRTUE STREET, CHALMETTE 13,575 s. f. including 7,955 s. f. updated offices and 5,620 s. f. climate controlled warehouse; 2 ground level overhead doors; C-1, Neighborhood Commercial zoning; just off Paris Road. $795,000. Industrial Site For Sale or Lease 1152 FIRST AVENUE, HARVEY Three acres fenced, gated, filled, compacted, and pole lit with office trailer; zoned M-1, Industrial District. $784,000 or available in 1 acre parcels ($6.00 s. f.). Lease $4, per month, gross. Westbank Warehouse with Yard 2616 ENGINEERS ROAD, BELLE CHASSE 11,800 s. f. with 3,200 s. f. offices on 2 floors; 3 ground level doors; 54,500 s. f. site filled/paved and fenced; heavy industrial zoning. $495,000. Airport H-I Land For Sale or Lease WEST ACCESS ROAD, KENNER 1.6 acres near airport; Heavy Industrial zoning; $5,750/month, gross or $990,000 ($495,000 for 35,000 s. f.).

7 Transload Warehouse For Sale 800 SOUTH MAGNOLIA STREET, MCCOMB, MS 25,191 s. f. transload facility with capacity of 8,500 tons dry chemical or aggregate; 57 peak height; 4.19 acres; CN rail service; truck scale; rail & truck elevator. $495,000. Gerard E. Henry, SIOR (504) Climate Controlled Warehouse 1751 AIRLINE DRIVE, METAIRIE 27,357 s. f. sprinklered office/warehouse on 2 floors; 1 st floor 11,181 s. f. with 14 eave; 2 nd floor 16,176 s.f. climate controlled with 24 eave; 4 docks. $4.95 s. f., net. Elmwood Office/Warehouse For Lease 26 COMMERCE POINT, ELMWOOD BUSINESS PARK 10,320 s. f. with 2,800 s. f. offices on 2 floors; 18 eave height; 1 truck dock, 1 van dock and 3 ground level doors. $6,000 per month, net. Kenner Warehouse For Lease 100 W. AIRLINE DRIVE, KENNER 31,000 s. f. semi-dock height storage warehouse; 33.5 clear height; zoned H-I. $4.50 s. f., gross. Large Fenced Yard For Lease PONTCHARTRAIN ROAD, JEFFERSON Hard packed and fenced yard with up to 108,833 sq. ft. with gate access at end of Pontchartrain Road ; M-2, Industrial District zoning. $7,500 per month, gross. David B. Quinn, SIOR (504) Office/Warehouse Suite for Lease 940-A INDUSTRY ROAD, KENNER Suite #7: 12,000 s. f. with 1,000 s. f. offices; 24 eaves; three dock height doors (one with ramp); sprinklered. $3.50 s. f., net. David B. Quinn, SIOR (504)

8 Office/Warehouse For Sale 4333 WASHINGTON AVENUE, NEW ORLEANS 10,456 s. f. including 1,131 s. f. office; additional 2,782 s. f. mezzanine; grade level loading via multiple overhead doors; central location. $615,000. David B. Quinn, SIOR (504) Office/Warehouse Suite For Lease 801 DISTRIBUTORS ROW, ELMWOOD BUSINESS PARK 10,500 s. f. including 1,272 s. f. office; grade level loading via (2) 12 x 14 overhead doors. $4,750/month, gross (with expense stops for real estate tax and insurance). David B. Quinn, SIOR (504) Kenner Office/Whse. For Sale or Lease 908 INDUSTRY ROAD, KENNER 14,850 s. f. with 212 s. f. offices & 2,756 s. f. AC storage/shop area; 31 eave; 35 center clearance; truckwell plus 3 ground level loading doors. $4.50 s. f., gross or $1,325,000 on 3.5 acres. Office/Warehouse w/yard For Lease 1001 HARIMAW CT. EAST, LABARRE BUSINESS PARK 3,700 s. f. with 1,200 s. f. offices; 2 overhead doors; 760 s. f. covered rear bay; large fenced yard; fronts Earhart Expressway; central location. $3,700/month, net. Open Warehouse with Office 1212 FIRST AVENUE, HARVEY 35,000 s. f. open sided warehouse with 500 s. f. offices; partially paved foundation; 21 ceilings; up to 4 fenced acres; owner will negotiate improvements. $2.50 s. f., gross. Metairie Office/Yard For Lease 2411 EDENBORN AVENUE, METAIRIE 4,500 s. f. office on 2 floors - $3,500/month, gross; 1,000 s. f. storage bldg. with roll-up doors - $1,500/month; 24,000 s. f. fenced/compacted yard area which can be leased separately - $2,500/month. Elmwood Office/Warehouse for Lease 5816 PLAUCHE STREET, ELMWOOD BUSINESS PARK 5,788 s. f. with 1,618 s. f. offices; 16 eaves; two 12 x 14 ground level doors; fully paved site with ample parking. $3,400/month, net. Crane Service Warehouse For Sale FOUNDRY STREET, PLAQUEMINE, LA 22,140 s. f. in 2 adjacent ground level warehouses; up to 36 clear height; (3) 10- ton cranes; 1.15 acre site. $399,000. Hammond Industrial Land For Sale CONRAD ANDERSON ROAD, HAMMOND 3.5 acres +/- in Hammond Industrial Park just north of Hammond Airport; $1.50 s. f., subject to survey.

9 Fabrication Shop with Yard For Sale 3900 OLD GENTILLY ROAD, NEW ORLEANS 5,665 s. f. ground level industrial facility plus additional 2,800 s. f. ground level industrial building at rear; 750 s. f. covered open-air storage/parking; 0.80 acre well-compacted site zoned C-2. $250,000. Jack Quinn (504) St. Tammany Industrial Land For Sale KRENTEL ROAD, LACOMBE acres of dry developable land at Highway 434, just north of Interstate 12; I-2, Industrial zoning. $2.50 s. f. Gonzales Office/Whse./Yard Sublease 2406-B SOUTH COMMERCE AVENUE, GONZALES 6,000 s. f. with 1,900 s. f. upscale office area (8 privates & conference room); 20,000 s. f. yard storage yard; 14 parking spaces; located just east of I-10 & LA 30. $5,600/month, gross, expiring 3/17/2020. Elmwood Office/Warehouse Sublease 609 S. AL DAVIS ROAD, ELMWOOD BUSINESS PARK 6,300 s. f. including 266 s. f. offices; 18 eave height, fully insulated; 2 ground level doors plus rear door to storage yard; 2/28/19 expiration. $4,500/month, net. Office Storage Building For Sale 51 FOUNDRY ROAD, WAGGAMAN 3,500 s. f. office/storage on ½ acre paved fenced site; M-2, Industrial zoning; large open offices w/overhead door. $225,000. Gerard E. Henry, SIOR (504) Kenner Office/Warehouse for Lease 10 WEST ACCESS ROAD, KENNER Suite E: 4,700 s.f. w/1,500 s. f. office; one 10 X 14 ground level door & two 10 x 14 dock high doors; additional land available. $3,850/month, gross. Elmwood Showroom/Warehouse 1532 KUEBEL STREET, ELMWOOD BUSINESS PARK Suites C & D: 2,182 to 4,365 s. f. with 1,250 s. f. showroom/offices per unit ; two ground level 10 x 12 doors; 16 eave height. $1,900/month per unit, net. Gerard E. Henry, SIOR (504) Service Center Suite For Lease 1501 EDWARDS AVE., ELMWOOD BUSINESS PARK 1,250 s. f. with 500 s. f. offices; concrete tilt construction with glass front office; one ground level 12 x 14 overhead door. $1,500 per month, gross. Kenner Office/Warehouse For Lease 2735 VIRGINIA STREET, KENNER Suite D: 2,250 s. f. including 360 s. f. office; ground level loading via 12 x 14 overhead door. $1,050 per month, gross.

10 N E W O R L E A N S Spring Update 2018 Office Market Trends 11.0% 9.0% 7.0% 5.0% 3.0% 33.0% 28.0% 23.0% 18.0% 13.0% 8.0% Metairie Office Vacancy (%) Class A Class B CBD Office Vacancy (%) Class A Class B Jimmy Newton, CCIM Market improvement since late fall has been welcomed, especially considering the number of new businesses that are currently negotiating or have signed a lease in the first quarter of Following the landmark Hancock-Whitney lease of last summer, landing DXC Technology Services, Inc. for over 178,000 s. f. has further fortified the CBD market going into We are already experiencing the ripple effect of additional new companies looking to mirror DXC s move to our market in early The outcome will be interesting to see how many of these new businesses make a commitment to our market. Vacancy in Metairie continued its upward trend throughout the last two quarters of 2017 in both the Class A & B markets, while Elmwood occupancy continued to improve slightly, riding momentum from backfilling 28,000 s. f. of the SCI Building earlier in the year. Owner occupants looking for 6,000 s. f.+ still find only two sale offerings between 5,000-15,000 s. f. in the Causeway corridor as prices continue to achieve record levels. Class B/C lease offerings between 5,000-15,000 s. f. remain high at 20 buildings (multiple suites in same buildings), half of which have been on the market over 18 months. While landlords have been competing more aggressively for tenants, market rates continue to experience no appreciable decrease. Class A vacancy downtown remained constant during the final two quarters of 2017, while Class B space experienced a slight increase in vacancy. If new tenant interest continues on the trajectory we have experienced to start 2018 and this activity materializes into signed leases, we could be realizing a significant amount of absorption in both downtown and Metairie. Whether this optimistic start to 2018 is realized or not, DXC s decision to open its Digital Transformation Center here and bring an estimated 2,000 jobs should be a strong catalyst for employment, leading to a positive impact on our office market. Key Lease Transactions PROPERTY SF TENANT TRANSACTION TYPE SUBMARKET 1615 Poydras 178,000 DXC Technology Services New CBD Place St. Charles 24,600 Regus Renewal Metairie Causeway Plaza 17,000 Kushner LaGraize Renewal Metairie One Canal Place 15,000 Manion Gaynor & Manning Renewal CBD Key Sale Transactions PROPERTY SF SELLER BUYER SUBMARKET 4141 Veterans Blvd. 38,000 Yale Street Investors Jefferson Financial Credit Union Metairie th Street 40,000 Causeway West LLC Churchill Farms Metairie 990 N. Corporate Drive 56,000 Under Contract Under Contract Elmwood Max J. Derbes, Inc Mounes St. Suite 100, New Orleans, LA maxderbes.com

11 Class A Office Space For Lease 2400 VETERANS BOULEVARD, KENNER Five-story Class A glass façade office building; renovated suites available from 1,150 to 17,664 s. f. including large call center with furniture in place; free parking available. $18.50 s. f. fully serviced. Joe Gorman, CCIM (504) Central Metairie Office Building off Ridgelake Drive For Sale th STREET, METAIRIE 7,500 s. f. office building in the heart of the Causeway corridor off Ridgelake Drive, excellent ingress/egress and access; 9,720 s. f. site zoned BC-2; 20 striped parking spaces. $1,100,000. Jimmy Newton, CCIM (504) Elmwood Office Space For Lease 1333 SOUTH CLEARVIEW PARKWAY, ELMWOOD BUSINESS PARK 5-story Class B concrete/glass office building; 17,153 rsf on floors 1 & 2, incl. 11,633 rsf on 2 nd floor & 5,520 rsf on 1st floor; min. divisible is 2,000 rsf; free parking w/ ratio of 5 spaces/1000 rsf. $18.50 s. f. fully serviced. Joe Gorman, CCIM (504) For Sale Metairie Office/Service Center Building 3016 GALLERIA DRIVE, METAIRIE 7,052 s. f. commercial building with 5,976 s. f. office/ac work area & 1,076 s. f. non-hvac storage; full security system; generator; 12,000 s. f. site zoned BC-2; near new Causeway & I-10. $865,000. David B. Quinn, SIOR (504) Prime Uptown Retail Building For Lease 1133 SOUTH CARROLLTON AVENUE, NEW ORLEANS 7,613 s. f. freestanding building; land area 14,283 s. f. corner of Carrollton and Oak Street; adjacent lot 11,803 s. f. could also be leased separately. $40.00 s.f., net. Prime Metairie Retail Building For Lease 4300 WEST ESPLANADE AVENUE, METAIRIE 21,600 s. f. freestanding retail space at corner Houma Blvd. and West Esplanade Ave. adjacent to East Jefferson Hospital; 60,612 s. f. site zoned H-2, Medical Service District. $40.00 s.f., net.

12 Metairie Medical Office For Sale 2221 CLEARVIEW PARKWAY, METAIRIE 8,485 s. f. medical office on 2 floors with elevator; 23 parking spaces; excellent visibility near I-10; currently leased by 2 medical tenants; inquiries/tours through listing agent only. $1,250,000. Ground Lease C-Store Location/Corner Site For Sale & AIRLINE HIGHWAY, PRAIRIEVILLE Hard corner Airline Highway and Post Office Road; 0.95 acres improved with 3,600 s. f. Chevron convenience store; $872,000. Adjacent 2.12 acres wraps hard corner - $1,320, Acre I-10 Development Site MALLETT ROAD FRONTING INTERSTATE 10, D IBERVILLE, MISSISSIPPI 2,500 frontage on I-10, plus 2,500 along future Mallett Rd. extension; two million s. f. retail nearby at I-110 exit; great access off of I-10 and nearby I-110; 80,000+ vehicles per day pass site on I-10; will subdivide. David B. Quinn, SIOR (504) Prime Commercial Land For Sale LA HIGHWAY 59, MANDEVILLE 5.1 acres with 261 frontage just north of LA Highway 1088 intersection; NC-4 zoning. $1,250,000. Metairie Retail/Storage Building For Sale 2900 CLEARY AVENUE, METAIRIE 1,972 s. f. including two currently leased suites; C-2, Commercial zoning; currently produces $2,529/month; billboard income to transfer with property. $350,000. Joe Gorman, CCIM (504) Waggaman Residential Tract For Sale RIVER SOUTH KENNER AVENUE, WAGGAMAN 30 acre residential development tract corner River Rd. & S. Kenner Ave.; zoned S-1, Suburban; owner considering resubdividing into 1 5 acre portions. Please contact agent for further information.

13 Metairie Office Building For Sale or Lease 2325 N. HULLEN STREET, METAIRIE 10,500 s. f. building; 1st floor 546 s.f avail. w/balance on short term leases; 2nd floor 3,547 usable s. f. with suites from 2,805 s. f. or smaller; $15.50 s. f., gross w/13% CAF, plus janitorial. Entire building $950,000. Garden District Retail Site For Sale or Lease 1735 ST. CHARLES AVENUE, NEW ORLEANS 2,160 s. f. building configured as 3-bay auto service facility; 7,610 s. f. land on the corner of Polymnia Street and St. Charles Avenue. $6,950 per month, net or $975,000. Mixed Use Investment Property For Sale 2616 S. BROAD STREET, NEW ORLEANS Ground floor retail, 3 residential units upstairs; ample off street parking; fully renovated 2016; 2,825 s. f. per floor, 5,649 s. f. total. $615,000 for entire building. Class A Mid-City Commercial Building For Lease or Sale 4360 WASHINGTON AVENUE, NEW ORLEANS 6,120 s. f. with two-thirds office plus clean storage area; full rebuild 2013: new roof, exterior walls, foam insulation, glass office partitions, systems, LED lights; paved/fenced yard. $7,500/mo., net or $959,000. Slidell Commercial Acreage For Sale EAST HOWZE BEACH ROAD, SLIDELL 10 acres of prime developable land on south side Interstate 10 at the Oak Harbor exit; good visibility from interstate; PUD zoning. $1.55 s.f. Elmwood Office Space For Lease 5749 SUSITNA DRIVE, ELMWOOD BUSINESS PARK 1,400 s.f. to 7,000 s. f. 1st floor office w/large open workspace, 5 private offices & large conference; ample free parking; office partitions & furniture available/negotiable. $12.00 s.f., full service.

14 Office Space For Lease 5201 WESTBANK EXPRESSWAY, MARRERO 4-story building featuring renovated suites, excellent rates, onsite management, and ample parking. Suites available from 503 to 4,821 s. f.; $ $18.00 s. f., full service. Office Building w/whse. For Lease 160 BROOKHOLLOW ESPLANADE, ELMWOOD 6,060 s. f. office warehouse building including 5,400 s.f. office/tech build-out with high-end finishes; one 8 x 8 ground level door. $6,060 per month, net. Walk-up Office Space For Sublease 5000 RIVER ROAD, HARAHAN 15,000 s. f. 2 nd floor office space; 12 private offices, large conference room, break areas, kitchen, cubicle area; available immediately through May $10.00 s. f., gross. Jack Quinn (504) Central City Office Sale or Lease 1131 REV. JOHN RAPHAEL JR. WAY, NEW ORLEANS 1,165 s. f. converted double office building; brand new renovation from the studs out; layout includes entry / foyer, 2 private offices, large open work area/conference. $1,875/ month, gross or $257,000. Hammond Flex Space For Lease 118 ROBIN HOOD DRIVE, HAMMOND 4,000 s. f. with 2,450 s. f. offices and 1,100 s. f. AC work area; 14 eave height; one ground level overhead door; near Interstate 55. $8.80 s. f., net. Jack Quinn (504) Office Space For Lease 312 TIMESAVER AVENUE, ELMWOOD BUSINESS PARK Up to 5,700 s. f. office space; subdivided from larger office warehouse facility. $8.80 s. f., gross, plus janitorial. David B. Quinn, SIOR (504) or Jack Quinn (504) Elmwood Office Space For Lease 5809 CITRUS BOULEVARD, ELMWOOD BUS. PARK Suite 200 1,250 s. f. second floor; layout includes 3 private offices, 2 open areas and restroom. $14.75 s. f., net of utilities. Joe Gorman, CCIM (504) Commercial Office/Storage Units 1210 VETERANS BOULEVARD, KENNER Highly visible near I-10; Ste. 1: 2,000 sf ofc./ production; Ste. 2: 2,000 sf with 1,000 sf office; Ste. 3: 2,000 sf with 1,500 sf office; 1 overhead door each. $1,500/mo. per unit gross. Service Center Suite For Lease 1305 DISTRIBUTORS ROW, ELMWOOD BUSINESS PK. Attractive service center building; Suite L: 2,342 s. f. with 2,000 s. f. office build-out; 12 x 15 rear overhead loading door. $10.00 s. f., gross.

15 Airline Drive Property For Sale 100 WEST AIRLINE HIGHWAY, KENNER Highly visible commercial lots at lighted intersection. Lot 1: 34,000 s. f. (120 x 290 ) $408,000; Lot 2: 62,000 s. f. (270 x 265 ) $758,000; zoned C-2/H-I; sizes estimated and subject to survey and resubdivision. North Tower Baton Rouge CBD Sublease 450 LAUREL STREET, BATON ROUGE 10,618 s. f. turn-key office space for sublease; 3 blocks from State Capitol & 1 block from Entertainment District; furniture included; $15.00 s. f., expiring 2/28/2020. Class A Office Space Sublease 909 POYDRAS STREET, NEW ORLEANS 1,262 s. f. on 26 th floor; layout includes reception, private office & large conference room with windows; lease expiration 5/31/19 (or direct lease via owner at $18.50 s. f.). $16.50 s. f., fully serviced. Service Center Space For Lease 5440 MOUNES STREET, ELMWOOD BUSINESS PARK Suite 108: 1,700 s. f. ground level service center space being mostly office/300 s. f. rear storage space; $1900/mo., gross; can lease 700 s. f. $750/month. Hammond Commercial Land For Sale 110 ROBIN HOOD DRIVE, HAMMOND 15,000 sq. ft. of land with dimensions of 75 on Robin Hood Dr. by depth of 200 ; C-H, Commercial Highway zoning. $70,000. Jack Quinn (504) Commercial Site For Sale 1000 BLOCK SEVEN OAKS AVENUE, BRIDGE CITY 26,141 s. f. site on former Bridge City Avenue near newly completed Huey P. Long Bridge; next to new Dollar General; cleared and filled. $6.50 per s. f. Hammond Flex Space For Lease 116 ROBIN HOOD DRIVE, HAMMOND Office/warehouse suites for lease; 2,925 to 4,250 s. f. for lease at negotiable rates; please contact listing agent for further information and pricing details. Jack Quinn (504) Metairie Office Suites For Lease 2920 KINGMAN STREET, METAIRIE 2 story office building near Clearview and Interstate 10; ground floor suite available 759 s. f.; second floor 1,328 s. f. available; $15.00 s. f., full service, 5 day janitorial. Elmwood Office Suites 5413 POWELL STREET, ELMWOOD BUSINESS PARK 800 1,650 s. f. recently renovated office space; $700 to $850/mo. per suite, gross. Discount for multiple suites.

16 Max J. Derbes, Inc Mounes Street, Suite 100 Elmwood Business Park New Orleans, LA / PRSRT STD U.S. Postage Paid New Orleans, LA Permit No. 603 S P R I N G The New Orleans Market News Licensed by the Louisiana Real Estate Commission - Licensed by the Mississippi Real Estate Commission David B. Quinn, SIOR Principal Gerard E. Henry, SIOR Principal Keith G. Henry, SIOR Bert Duvic, CCIM, SIOR Debbie Vastola, ACoM Property Management Joe Gorman, CCIM Ben Derbes, CCIM Jimmy Newton, CCIM Jack T. Quinn Bryce French The information contained herein was obtained from sources deemed reliable, but Max J. Derbes, Inc. does not guarantee its accuracy. Copyright 2018, Max J. Derbes, Inc. W W W. M A X D E R B E S. C O M