Is This the New Headquarters of International Shipholding Corp.?

by • February 7, 2014 • Economic Development, Office, Tax Credits, Warehouse DistrictComments (1)7643

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photo via Pinterest

International Shipholding Corp., which owns and operates a global fleet of waterborne cargo vessels, announced yesterday that they are relocating their corporate headquarters from Mobile, Ala., to New Orleans, where the business was originally founded in 1947.  As a public company (ISH), this is a major win for NOLA.

The company announced that it would be bringing 100 new jobs to an unnamed, 45,000- to 50,000-square-foot headquarters facility in the city’s Warehouse District, which they stated was under contract.  They also announced that the building was a historic structure which would eligible for the restoration tax abatement incentive.

How many 45,000- to 50,000-square-foot historic buildings are out there?

Our best guess is that they are moving into 1009 Camp Street, the old Ives office building that was recently sold.

The 4 story, 50,000 square foot building was sold just months ago in October 2013 to a company controlled by Phyllis Taylor.  The listing price was $5,400,000 but the sales price was not disclosed.

Is this a quick flip for Ms. Taylor?  Or since she just bought it, its unlikely that this would be the building…only time will tell.

Another possibility is 864 S. Peters Street, which is 17,000 sf and currently listed at $3,500,000.  It does, however, come with a large parking lot next door – maybe ISH plans to build a partial new structure?  Doubtful…

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One Response to Is This the New Headquarters of International Shipholding Corp.?

  1. […] asked whether it was the Ives Office Building or 864 S. Peters Street, and it turns out, it was indeed 864 S. Peters […]

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