Thursday, June 13, 2013

HFF closes sale of Class A office complex in suburban New Orleans


Lakeway Center, Metairie, LA

DALLAS, TX – HFF announced today that it has closed the sale of Lakeway Center, a three-building, Class A office complex totaling 1.22 million square feet in Metairie, Louisiana.

Jeffrey Feil
 HFF marketed the property on behalf of the seller, Equity Office Properties.  The Feil Organization purchased the property for an undisclosed amount.

“We are very pleased to close the acquisition of Lakeway Center,” said Jeffrey Feil, chief executive officer of the Feil Organization.

“It is an outstanding property, which is an ideal complement to our nearby Lakeside Shopping Center.  This transaction builds on our nearly 40-year track record of investment and job creation in the greater New Orleans community. 

“We plan to continue to maintain and upgrade Lakeway Center to ensure it remains a top-tier office destination.”

Located in the suburban market of Metairie, roughly equidistant from downtown New Orleans and the New Orleans International Airport, Lakeway is the premier office development in suburban New Orleans and one of the largest office developments in the state. 

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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