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Started By
Message
Peter Mayer's historic headquarters for sale in the CBD, as firm plans to relocate
Posted on 9/23/22 at 5:44 am
Posted on 9/23/22 at 5:44 am
I heard the owner was relocating to the Northshore recently. NOLA
Peter Mayer, the state’s largest advertising agency, is leaving its longtime home on Camp Street in the Central Business District when its lease expires June 30, and the three-building complex that has housed the agency since 1979 is up for sale.
Peter Mayer owner Michelle Edelman says she has been planning for the firm’s relocation since she acquired the agency in February from brothers Mark and Josh Mayer, whose father, the late Peter Mayer, founded the firm in 1967.
The Mayers retained ownership of the 40,000-square foot property in the transaction and have been leasing the space back to the agency.
“They’re in a prime location and pricing, historically, for those kinds of properties would be as high as $200 per square foot,” said Baldwin Justice, a commercial appraiser with McEnery Co. “That might be a little ambitious now, with inflation, interest rates and local market crime. They might encounter some headwinds. But you could see as much as $200 per square foot.”
Peter Mayer, the state’s largest advertising agency, is leaving its longtime home on Camp Street in the Central Business District when its lease expires June 30, and the three-building complex that has housed the agency since 1979 is up for sale.
Peter Mayer owner Michelle Edelman says she has been planning for the firm’s relocation since she acquired the agency in February from brothers Mark and Josh Mayer, whose father, the late Peter Mayer, founded the firm in 1967.
The Mayers retained ownership of the 40,000-square foot property in the transaction and have been leasing the space back to the agency.
“They’re in a prime location and pricing, historically, for those kinds of properties would be as high as $200 per square foot,” said Baldwin Justice, a commercial appraiser with McEnery Co. “That might be a little ambitious now, with inflation, interest rates and local market crime. They might encounter some headwinds. But you could see as much as $200 per square foot.”
17
Posted on 9/23/22 at 5:56 am to MrLSU
Or you could see it sitting empty thanks to Dementia Joe’s economy and Teedys outstanding city management.
Posted on 9/23/22 at 5:59 am to MrLSU
Cliff Notes: New Orleans is a crime infested shite hole and we don’t want our employees murdered going to work in the CBD.
Posted on 9/23/22 at 5:59 am to MrLSU
quote:
That might be a little ambitious now, with inflation, interest rates and local market crime
Posted on 9/23/22 at 6:00 am to MrLSU
Teedy and her ilk will just cry racism and white flight. Never mind that three upstanding citizens were shot on Canal Street in front of UMC last night.
Posted on 9/23/22 at 6:02 am to MrLSU
Michelle Edelman's got the crazy eyes eh? 
Posted on 9/23/22 at 6:12 am to MrLSU
quote:
Peter Mayer, the state’s largest advertising agency,
All those dudes voted for what the city has become.
Posted on 9/23/22 at 7:41 am to MrLSU
quote:
relocating to the Northshore
Posted on 9/23/22 at 7:58 am to MrLSU
Be a shame when all their talent jumps ship for Sterling Cooper, but McCann Erickson has been looking to get a foothold in the south, they might acquire all of them.
Posted on 9/23/22 at 8:20 am to MrLSU
Queen & Cresent will want the building.
Meyer had an employee murdered in the 90s by a parking lot attendant at the garage one block down.
Meyer had an employee murdered in the 90s by a parking lot attendant at the garage one block down.
Posted on 9/23/22 at 8:38 am to MrLSU
I know Ms. Edelman. She's a nice lady. You picked the shittiest picture one could find of her.
Posted on 9/23/22 at 8:42 am to MrLSU
My brother worked there for a few years. He said management was always a shitshow.
Posted on 9/23/22 at 8:46 am to MrLSU
quote:
relocating to the Northshore
We’re closed
Posted on 9/23/22 at 9:38 am to MrLSU
Except, if you read the entire article, you find the company does not need as much space due to remote workers and they are looking for a smaller place in Orleans Parish.
Posted on 9/23/22 at 9:43 am to MrLSU
$200 per SF?
They are wanting to lease that building for $8 million a year? Good luck with that. I hope my math is wrong.
They are wanting to lease that building for $8 million a year? Good luck with that. I hope my math is wrong.
Posted on 9/23/22 at 10:01 am to MrLSU
quote:
Peter Mayer, the state’s largest advertising agency
Meet their new head of accounts.
If Trudy liked Cos Cob, she’s gonna LOVE the Northshore.
Posted on 9/23/22 at 10:18 am to MrLSU
Nothing to see here, just some reverse gentrification to enable black business to come in and fulfill the destiny of a chocolate city.
Posted on 9/23/22 at 2:38 pm to MrLSU
quote:
“We had an 18-month lease so this has always been part of the plan,” Edelman said. “The creative workforce has changed since the pandemic and creative talent expect to be able to work remotely. So, we need less space for the same number of employees and we need a space that can offer a hybrid work environment.”
quote:
The firm will remain headquartered in New Orleans, though Edelman doesn’t have a new location yet. She’s currently looking for a space ranging from 10,000 to 20,000 square feet — a footprint that is some 25% to 50% smaller than the size of the agency’s Camp Street offices.
Carry on with your LOLNOLASUX circle-jerk though
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