1615 Poydras

DXC Technology Signs Lease For Office Space In New Orleans

Stirling Properties Brokers Deal At 1615 Poydras Street

1615 Poydras Street New Orleans, LouisianaStirling Properties was recently part of the brokerage team that landed DXC Technology in its new office location in New Orleans, Louisiana. DXC Technology has reached a lease agreement for multiple floors of the Freeport McMoRan Building located at 1615 Poydras Street, across from the Mercedes-Benz Superdome in the city’s Central Business District. Gaines Seaman, Stirling Properties’ Sales & Leasing Executive, represented the building owner in the transaction.

DXC Technology will initially occupy two floors of the building and is expected to begin operations in January of 2018. The company has future options to lease up to 10 floors representing a total of 178,000 square feet of commercial space. Freeport McMoRan Inc. will continue to maintain a major presence in the building and in New Orleans, according to a release issued by Louisiana Economic Development (LED).

The Freeport McMoRan Building will house the permanent operations for DXC Technology’s new Digital Transformation Center in New Orleans, where the company will eventually employ 2,000 professionals in one of the largest economic development deals in the history of Louisiana.

The announcement that DXC Technology had selected New Orleans to establish its Digital Transformation Center was regionally celebrated back in November. This economic development win further solidifies the emergence of New Orleans as one of the top cities for young professionals to live and work, and reinforces the momentum of our area as a major technology hub. Stirling Properties is proud to have been a part of this historic accomplishment for our region.


New Orleans’ Growing Medical Corridor

The growing medical corridor in New Orleans is officially known as BioDistrict New Orleans, a state-enabled economic development district that was created by the State of Louisiana in 2005 for the purpose of developing a biosciences industry in New Orleans that will provide research and development, healthcare delivery, and stable, high-paying jobs.  The 1,500-acre district spans the Downtown and Mid-City neighborhoods of New Orleans.  The economic impact is estimated to be 22,000 new jobs in the city of New Orleans over the next eight to ten years, not only in biosciences, but also in banking, law, construction and other service industries that stand to benefit.  The area’s major developments include:

  • Veterans Affairs Medical Center (Project Legacy)
    • Status:  Under Construction
    • Groundbreaking/Completion: June 2011/Late 2014, full activation 2015
    • Site: 30 acres bounded by Tulane Avenue and Canal, S. Galvez & S. Rocheblave Streets
    • Size: 1.6 million square feet with 2 additional 1,000-car garages; 200-bed complex will serve over 70,000 enrolled Veterans
    • Cost: $995 million construction budget (fully funded)
    • Jobs: 1,100 new employees
  • University Medical Center
    • Status: Site preparation work, construction to begin by year end
    • Groundbreaking/Completion: April 2011/2015
    • Site: 34 acres bounded by Canal & S. Galvez Streets and Tuland & South Claiborne Avenues
    • Size: 2.2 million square feet, 424-bed public hospital to replace Charity Hospital
    • Cost: $1.09 billion; state lawmakers approved funding September 2011
    • Jobs: 5,280 new and saved jobs over first five years
    • Part of collaborative complex with the new VA Medical Center (see above)
    • Both will be key academic anchors for LSU, Tulane, Dillard, Xavier, SUNO, Delgado, and others throughout South Louisiana
  • Louisiana Cancer Research Center
    • Status: Under Construction
    • Groundbreaking/Completion: April 2009/January 2012
    • Site: Tulane & South Claiborne Avenues
    • Size: Shared 175,000 square-foot, 10-story facility
    • Cost: $90 million
    • Developed by the Louisiana Cancer Research Consortium, a partnership among LSU Health Sciences Center, Tulane Univerity, Xavier University of Louisiana, and Ochsner Health System
  • New Orleans BioInnovation Center
    • Status: Open & Operating
    • Completed: June 2011
    • Site: 1441 Canal Street
    • Size: 66,000 square feet of state-of-the-art wet-lab, office and conference space
    • Cost: $47 million
    • To house biotech and life sciences entrepreneurs and startups, as well as support research at four area universities; housing about 200 employees from 80 companies at full capacity
    • Critical link that turns university research into privately commercializable enterprises
    • Five biotech start-ups and two venture captial firms have already moved into the building, and twelve more are on the way
  • Ochsner Health System
    • Relocating 500 to 750 employees to the CBD during the 1st Quarter 2012
    • Moving executive, corporate and business functions (no medical care)
    • 80,000 square feet on top 4 floors of the Benson Tower (enough room to grow to 1,000 employees)
    • Signifies Ochsner’s growing presence in the local economy and New Orleans’ medical hub

For exciting leasing opportunities in the heart of this growing medical corridor, office spaces are available at the 1615 Poydras Street office building located directly across from the Superdome.  Available spaces range from approximately 1,500 to 45,130 contiguous square feet.  For more information contact Gaines Seaman at (504) 620-8187 or gseaman@stirlingprop.com.

Go to Top