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One Canal Place, the prominent 32-story, Class A office tower located at 365 Canal Street, is now under new ownership as of March 26, 2026. Johnny Lamberson and Terry Radford with CBRE’s Memphis office represented the seller; Corporate Realty worked with CBRE as the local broker in this transaction. Corporate Realty will continue to provide both property management and leasing services, which it has been doing since 1991. Andrea Arons Huseman, CCIM, will continue heading leasing efforts, while Neila Gorrell will oversee a team of administrative, accounting, and engineering personnel. The new ownership will continue improvements through various initiatives.
The new ownership is One Canal Place Leasing, LLC, a limited liability corporation formed by the buyer, Skysoar Capital Partners. Its acquisition of one of the city’s most prestigious office towers reinforces and confirms the optimism regarding the New Orleans office market.
The seller was OCP Office Owner, LLC, a partnership formed by Loeb Partners Realty, LLC, and Aetna, which owned One Canal Place since 2002.
“One Canal Place has been part of our cityscape for more than 50 years,” Michael J. Siegel, SIOR, said.
“It sits at the nexus of the Central Business District and the French Quarter, providing tenants with not only Class A office space and spectacular views but also access to unparalleled amenities, both within the Canal Place complex and in the French Quarter. We appreciate the past 30 years of care, stewardship, and investment that Loeb and Aetna have provided, and we were pleased to work with Johnny Lamberson and his team in representing ownership in this sale.”
Completed in 1979, One Canal Place encompasses 630,581 rentable square feet (rsf) of Class A office space. It is part of a mixed-use complex that includes The Shops at Canal Place, The Westin New Orleans Hotel, and a 1,650-space parking garage. One Canal Place occupies a central location steps from the Mississippi River and within blocks of the New Orleans Ernest N. Morial Convention Center, the French Quarter, Canal Street shops, the ferry terminal, premier hotels and casinos, Audubon Aquarium, and key downtown offices and courts. Its offices provide exceptional Mississippi River and city views.
In the past two decades, the previous ownership of One Canal Place completed numerous renovations to the common areas and the infrastructure that both benefitted its tenants and increased the value of the property. The office tower is home to a varied tenant roster including Phelps Dunbar, LLP; The New Orleans Passport Center; Schouest, Bamdas, Soshea & BenMaier, PLLC; Foley & Judell, LLP; Salley, Hite, Mercer & Resor, LLC; and La Petite Theater, which recently relocated its administration offices to the building. Additionally, during Skysoar’s negotiations to acquire One Canal Place, law firm Baker Donelson, one of the major law firms in New Orleans, signed a lease to occupy the top two floors of the building (just over 40,000 rsf).
“Corporate Realty is pleased to have been selected by the new ownership for management and leasing. For more than 35 years, we have provided property management and leasing services to this exceptional property. We look forward to continuing to assist the new owner in further strengthening One Canal Place’s status as one of the premier office buildings in New Orleans,” Siegel said.