One of New Orleans’ most prominent office towers has quietly changed hands, marking a significant expansion for a north Louisiana real estate family and a rare bright spot in a downtown office market that has been battered by years of uncertainty.
North American Land Development Corporation, an entity controlled by the Hakim family of Monroe, has purchased the 32-story 400 Poydras Tower from California-based Hertz Investment Group, said Jeff Lahasky, Joseph Hakim’s son-in-law, who oversees the family’s real estate interests.
The deal closed on Friday. The sale price was not immediately available, though sources with direct knowledge of the transaction said it was about $50 million, or just over $80 per square foot…