Extends 10-Year Lease Terms at Pan-American Life Center in New Orleans, Louisiana.
Stirling Properties announces that Pan-American Life Insurance Group has signed a long-term lease extension thru 2031 of its office space at Pan-American Life Center in New Orleans, Louisiana. The company will also retain naming rights of the newly renovated building.
Pan-American Life Insurance Group, one of New Orleans’ largest employers and a leading provider of life, accident and health insurance throughout the Americas, occupies a total of 84,014 square feet of office space on four floors of the Pan-American Life Center located at 601 Poydras Street in New Orleans’s CBD. This marks one of the largest lease renewals in the New Orleans office market since 2019.
Founded in New Orleans, Pan-American Life Insurance Group is currently celebrating its 110th Anniversary and a rich history of corporate philanthropy and community service in New Orleans, supporting dozens of organizations across the arts, education and public safety.
“Pan-American Life Insurance Group is pleased to extend our office lease in the Pan-American Life Center and continue our long-term commitment to the New Orleans community and surrounding South Louisiana region. We look forward to renewing our promise to serve as a lifeline to our customers, their families and their businesses,” said José S. Suquet, Chairman of the Board, President & CEO of Pan-American Life Insurance Group.
Gaines Seaman, Senior Advisor with Stirling Properties, serves as the exclusive leasing agent for the office tower and worked with Pan-American Life Insurance Group to secure the lease extension.
“Pan-American Life Insurance Group has been an integral part of the New Orleans office community for many years, and we are honored to help cement that relationship for many more years to come. Pan-American Life Insurance Group’s renewed commitment to and investment in our area further validates the resiliency of the New Orleans office market. The recent lobby renovations and added amenities to the Pan-American Life Center make it an attractive office location for corporations, large or small,” said Seaman.
The Pan-American Life Center is recognized as one of New Orleans’ most prestigious office towers, boasting high-quality tenants in addition to housing the national and regional headquarters of many premier corporations. The class-A building encompasses roughly 673,000 square feet of office and retail space and an eight-story parking structure. The local ownership group of the Pan-American Life Center recently made a renewed investment of $7 million in renovations of the building as a sign of its deep commitment to ensure that it remains a premier office location in New Orleans. The renovations included a redeveloped café, state-of-the-art conference center and upgraded ground floor lobby to better position the building in the evolving office landscape.
The new Café on 11 is a restaurant-style, full-service cafeteria featuring a modernized dining area and exciting new menu. The Conference Center on 11 offers multi-purpose meeting space in various sizes and configurations, including a ballroom, tiered-seating amphitheater featuring high-tech audio/visual equipment, ample break-out areas and collaborative spaces, full-service catering and on-site event management and technology assistance. Other unique amenities in the building include a grab-and-go mini-mart, coffee bar, Royal Shoeshine & Repair Station and dry-cleaning pick-up lockers.
Office tenants in the building include Pan-American Life Insurance Group, IBERIABANK, Morris Bart Law Offices, McGlinchey Stafford, Merrill Lynch, Lugenbuhl, Wheaton, Peck, Rankin & Hubbard and Stirling Properties. First-floor retail tenants include Smoothie King, Starbucks, Tsunami and IBERIABANK. Stirling Properties’ affiliates own the property and are the exclusive management and leasing agents for the Pan-American Life Center.