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123 yr old Reilly Foods Company moving from NOLA CBD to Elmwood

Posted on 6/17/24 at 2:08 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29741 posts
Posted on 6/17/24 at 2:08 pm
Reily Foods Co., a 123-year-old New Orleans company best known for brands that include Blue Plate Mayonnaise, French Market Coffee and Luzianne Iced Tea, is leaving its corporate headquarters in the Central Business District and moving to Elmwood, according to multiple sources familiar with the plans.

The move will affect the sales, marketing and back office employees of Reily Foods, whose offices are currently housed on the 10th floor of the former Texaco Building at 400 Poydras St., according to the building’s leasing agent, who was recently notified of the company’s plans to terminate its lease. The exact number of employees is unknown.

Company President and CEO William Boatner “Bo” Reily, IV was traveling and did not respond to a request for comment. But several company employees, who were not authorized to speak on behalf of the company, said Reily told employees of the plans at a recent company meeting where he expressed concerns about quality of life issues downtown.

A timeline for Reily Foods move has not been finalized. But a listing on the LACDB database of commercial property shows the company’s 22,500-square-foot office at 400 Poydras will be available by Oct. 1.

NOLA

This post was edited on 6/17/24 at 2:09 pm
Posted by Splackavellie
Bayou
Member since Oct 2017
12703 posts
Posted on 6/17/24 at 2:11 pm to
quote:

he expressed concerns about quality of life issues downtown.
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This post was edited on 6/17/24 at 2:12 pm
Posted by Honest Tune
Louisiana
Member since Dec 2011
19285 posts
Posted on 6/17/24 at 2:12 pm to
He must not like chargers drag racing.
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/17/24 at 2:14 pm to
It’s not the “quality” of life, rather retaining the ability to keep alive.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
131605 posts
Posted on 6/17/24 at 2:14 pm to
We should be happy they didnt leave state altogether
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
23938 posts
Posted on 6/17/24 at 2:16 pm to

More high rise condos coming where their offices were.

Their old mayo factory is already “artist’s lofts”.
This post was edited on 6/17/24 at 2:17 pm
Posted by Bert Macklin FBI
Quantico
Member since May 2013
12255 posts
Posted on 6/17/24 at 2:17 pm to
I don't know much about this company or the CEO but I do know that family companies eventually get run into the ground by the wrong family member inheriting the company. Lucky for him he has several very strong brands under his umbrella so weird decisions like this most likely won't sink the ship.
Posted by High C
viewing the fall....
Member since Nov 2012
61043 posts
Posted on 6/17/24 at 2:18 pm to
quote:

Reily told employees of the plans at a recent company meeting where he expressed concerns about quality of life issues downtown.


Posted by Hangover Haven
Metry
Member since Oct 2013
33703 posts
Posted on 6/17/24 at 2:20 pm to
Baumer Foods, Crystal Hot Sauce, and Chisesi's meats say welcome to the party pal...

What took you so long?
This post was edited on 6/17/24 at 2:21 pm
Posted by Y.A. Tittle
Member since Sep 2003
110968 posts
Posted on 6/17/24 at 2:20 pm to
quote:

Boatner


Posted by yellowfin
Coastal Bar
Member since May 2006
98955 posts
Posted on 6/17/24 at 2:21 pm to
quote:

Company President and CEO William Boatner “Bo” Reily, IV was traveling and did not respond to a request for comment.


30A no doubt
Posted by Bjorn Cyborg
Member since Sep 2016
35565 posts
Posted on 6/17/24 at 2:22 pm to
quote:

so weird decisions like this most likely won't sink the ship.


Why is this a weird decision?
Posted by Y.A. Tittle
Member since Sep 2003
110968 posts
Posted on 6/17/24 at 2:22 pm to
quote:

Lucky for him he has several very strong brands under his umbrella so weird decisions like this most likely won't sink the ship.


What makes this a "weird decision" in your estimation?
Posted by Hangover Haven
Metry
Member since Oct 2013
33703 posts
Posted on 6/17/24 at 2:25 pm to
quote:

I don't know much about this company or the CEO but I do know that family companies eventually get run into the ground by the wrong family member inheriting the company. Lucky for him he has several very strong brands under his umbrella so weird decisions like this most likely won't sink the ship.



quote:

Reily Foods Co., a 123-year-old


Posted by Epaminondas
The Boot
Member since Jul 2020
5918 posts
Posted on 6/17/24 at 2:26 pm to
quote:

William Boatner “Bo” Reily, IV
Frat as frick.
Posted by Bjorn Cyborg
Member since Sep 2016
35565 posts
Posted on 6/17/24 at 2:28 pm to
Poor leadership is like a snowball rolling down a mountain. It grows and grows until it is a giant ball destroying everything in its path.

We read about companies moving out of New Orleans on a regular basis. Fortunately, this one is at least staying in Louisiana and in the NOLA metro area. Still, another dagger.

Reap what you sow.
Posted by SantaFe
Baton Rouge
Member since Apr 2019
7855 posts
Posted on 6/17/24 at 2:30 pm to
Will the new lease at the new location be cheaper ?
Posted by Shexter
Prairieville
Member since Feb 2014
20834 posts
Posted on 6/17/24 at 2:31 pm to
quote:

he expressed concerns about quality of life issues downtown.


Possibly, but probably just a move to decrease rent without starting rumors of financial struggle amongst the employees. They probably cut the rent in half by moving to Elmwood.

quote:

400 Poydras ±13,315 RSF
$18 - 18.50 PSF (Annual)
$24,121 - 24,791 (Monthly)


quote:

Elmwood
Listing Details
Asking Rate
$10.00 Annual/SF
Total Available
22,673 SF



This post was edited on 6/17/24 at 2:35 pm
Posted by auggie
Opelika, Alabama
Member since Aug 2013
31599 posts
Posted on 6/17/24 at 2:32 pm to
quote:

William Boatner “Bo” Reily, IV

Bilbo Fo?
Posted by Bjorn Cyborg
Member since Sep 2016
35565 posts
Posted on 6/17/24 at 2:33 pm to
quote:

Possibly, but probably just a move to decrease rent without starting rumors of financial struggle amongst the employees.


This is stupid. A company can make money saving moves and it not be indicative of financial struggles.

Also, both things can be true. Rent disparities are so great it makes putting up with the bullshite in the CBD not worth it.
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