1615 Poydras

Location: New Orleans, LA
Type: Office
Price: $34,000,000

SMC provided a $34,000,000 loan to refinance the existing debt on the Property. The Property is a 23-story, 501,741 SF, Class A high-rise office building located in downtown New Orleans, LA. The Property was 81% occupied at the time of closing. The largest tenant at the Property is FM Services Company, a wholly owned subsidiary of Freeport-McMoRan Copper & Gold Inc (NYSE: FCX / S&P: BB-). The Property features a 492-space parking garage, 24-hour security, a cafeteria and a dry cleaner, and is located directly across the street from the Mercedes-Benz Superdome.