Stirling Properties and Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced yesterday that they have renewed the lease on their 601 Poydras Street corporate headquarters office space through 2024.
“601 Poydras has been home to Pan-American Life’s corporate headquarters since 1981,” explained José S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “And while our business has grown to include operations all over the Americas, New Orleans remains an essential cornerstone of our corporate identity as well as our business strategy.”
The lease renewal is a reflection of Pan-American Life’s commitment to the city in which it was founded, more than 100 years ago. “We strive to have a positive impact on all the communities that we serve and that’s especially important here in our home city whether it is by creating Louisiana based jobs through our domestic business or being a socially responsible corporate citizen,” Suquet added. “You can see through our partnerships with the Louisiana Philharmonic Orchestra; United Way; and the Hispanic Heritage Foundation, that we are dedicated to investing in the arts, education, community development and public safety thereby making significant contributions to the growth of New Orleans and the wellbeing of all its residents.”
“Pan-American Life’s renewed lease of their headquarters is further testament of the commitment they have to the City of New Orleans,” stated Marty Mayer, President and CEO of Stirling Properties. “Stirling Properties is proud to have worked with them as we continue to expand and increase the tenancy at Pan-American Life Center.”
Pan-American Life will also retain the building’s naming rights, ensuring that the Pan-American Life Center will continue to be a landmark in the Central Business District.
Pan-American originally built 601 Poydras and owned it before selling it to Equastone Real Estate Investment Advisors in 2006, who in turn sold it to Stirling Properties in 2010 for $61.4 million.
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