Globalstar Office Building SUBLEASE

Office for Lease
Catylist Listing ID: 30786086
Property Subtypes: Business Park, High-Tech, Office Building
Contiguous Space: 20,000 - 40,000 SF
Building Size (RSF): 66,180 SF
Gross Building Area: See Agent
Gross Land Area: 4.59 Acres
Lease Rate: $26 PSF (Annual)
Base Monthly Rent: $43,333
Lease Types: Gross Lease
Building Name: Globalstar
Class of Space: Class A
Last Updated: 3/2/2024

Overview / Comments

Globalstar Office Building is a 3-story, state-of-the-art Class A commercial building now available for purchase or sublease in Covington, Louisiana. The ground floor and second floor are currently occupied by Globalstar and are plug-in-ready and fully furnished. The third floor is currently unoccupied and available for a custom design buildout. Constructed in 2018, the 66,000-square-foot building features outstanding modern office amenities such as modular glass walls and doors for easy reconfiguration, telemedicine center for employees, fitness center with showers, fully-equipped kitchens, training and customer care rooms, whiteboards throughout, electric vehicle charging stations and ample natural lighting. The building was designed by Greenleaf Lawson Architectural Firm and constructed by DonahueFavret Contractors - both award-winning, local businesses.

“Customizable” is key to this property with opportunities for any size business. One of many options is to purchase the building and occupy 40,000 square feet with Globalstar remaining as a tenant, or purchase the building and expand into Globalstar's space within one year - occupying the entire 66,000 square foot campus. The adjacent 3.28 acre site is also available for future expansion. Other options simply include subleasing the 2nd or 3rd floors.

Expand All 2 Spaces Available

Suite: 2nd Floor 20,000 SF $26 PSF (Annual) Gross Lease
Suite: 3rd Floor 20,000 SF $26 PSF (Annual) Gross Lease

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1078171991
Zoning: PUD
Property Visibility: Good
Highway Access: Interstate 12 US Hwy 190
Site Description: Building Highlights: Full-building generator, Electric Vehicle Charging Stations, Feng shui-inspired building design promotes passive energy efficiency, Outdoor covered Community spaces, Thoughtfully designed to encourage movement and interaction, Sound-dampening features throughout, Modular Glass Walls and Doors by KI, Furniture by Teknion, Floor-to-ceiling Magnetic Dry Erase Walls in Conference Rooms, Fitness Center with showers, Modern Open Office Layout for Collaboration with tons of natural light
Area Description: Located in Versailles Business Park in St. Tammany Parish, just off the Interstate 12 and US Highway 190 interchange, the site is surrounded by innovation and development. St. Tammany Parish is one of the fastest growing parishes in the state of Louisiana and one of the fastest growing areas in the nation. Near to New Orleans and in close proximity to the Gulf Coast via major Interstates 10, 12, 55, and 59, St. Tammany’s low business cost, nationally recognized school system, low crime, and first-rate medical facilities make the community a destination of choice for both families and businesses. The Globalstar Office Building also resides near Northpark Corporate Park, major shopping centers and many dining establishments.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 21,000 SF
Year Built: 2018
Roof Type: Flat
Parking Type: Surface
Parking Description: On-site surface lot with electric vehicle charging stations
Total Parking Spaces: 250
Passenger Elevators: 1
Interior Description: The 2nd floor is a combination of private offices, executive offices, conference rooms, large fully-equipped kitchens and breakrooms. The unoccupied 20,651 SF 3rd floor has bathrooms fully built out and sheetrocked waiting for a new Tenant’s specific design.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,328 34,393 80,420
Median Age: 38.2 41.51 39.81
Households: 3,129 13,124 30,337


Photograph of Listing Agent

Lee DelaHoussaye

Stirling Covington/Corporate Covington, LA 70433-5093
LACDB Member
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