CityBusiness reports that the city of New Orleans will renew its lease at Orleans Tower, the 21-story property at 1340 Poydras St. formerly known as the Amoco Building.
The lease, which expires this month, is for roughly a quarter of the 378,895-square-foot building. It currently houses the City Planning Commission, the Industrial Development Board and Notarial Archives.
Brothers Joseph and Eddie Hakim, two prominent Ouachita Parish commercial real estate developers, purchased the Amoco Building in May for $14.5 million. The Hakims also own Luv N Care, a baby product company based in Monroe.
You can read the entire story here.
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