REIT Equity Office Properties Trust is putting its entire New Orleans portfolio on the market, reports Real Estate Alert. The total value of all three properties is reportedly roughly $200 million.
Equity Office is trying to sell the properties as a package through investment salesEastdil. Two of the properties are located in downtown New Orleans, while the third one is just outside the city limits.
The largest of the three properties is the 1.2 million sq. ft. Lakeway Center, which is located near New OrleansAirport and is 92% occupied. According to Real Estate Alert, local brokers believe that the building is worth roughly $120 million.