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PARTNERSHIP SELLS PLACE ST. CHARLES OFFICE BUILDING

NEW ORLEANS — 201 St. Charles Place LLC has purchased Place St. Charles, a 52-story Class A office tower, from the investment partnership of Loeb Partners Realty and J.S. Karlton Co. for an undisclosed amount. The New Orleans property boasts 1.4 million square feet of office space and 58,000 square feet devoted to retail. St. Charles Place LLC will assume an existing loan on the building, which is currently serviced by Wells Fargo. Michael Siegel of New Orleans-based Corporate Realty brokered the sale.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
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‣ Walker & Dunlop

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