Louisiana Commercial recently negotiated the 10 year lease for medical tenant Velocity Clinical Research who secured 8,000 square feet of space on the 6th floor at 3308 Tulane Avenue in New Orleans. Velocity moved from their Metairie location which no longer met their needs because it did not offer an efficient floor plan.
Louisiana Commercial Realty broker Robert Hand explains, “Velocity came to us for help finding a more efficient office space. While many businesses are moving from downtown New Orleans to Metairie, Velocity is doing the opposite in moving from Metairie to New Orleans. The move made sense for them because the building is in the perfect location and the landlord renovated the space to exactly meet their needs. We negotiated all the minute details of the lease for Velocity and also the landlord so that both got what they wanted.”
Here is a list of features the 8,000 square foot space at 3308 Tulane offered:
Velocity is the world’s top clinical research organization, with 63 locations in the US and 34 locations in Europe, conducting clinical trials in infectious diseases to bring successful vaccines to market. For example, Velocity helped conduct studies for approval of a new flu vaccine as well as treatment for asthma.
This is the 8th tenant lease that Louisiana Commercial Realty has negotiated at 3308 Tulane. Velocity’s 8,000 square foot lease ranks as the largest lease for office space in the mid-city area and ranks in the top 5 New Orleans office leases for 2024.
