Growing Its Property & Asset Management Portfolio to More Than 550,000 Square Feet
New Orleans (August 22, 2022) – SVN | Urban Properties, a local commercial brokerage, property/asset management and development firm, is pleased to announce that it was recently awarded the property and asset management of the Galleria Medical Office Building at 3100 Galleria Drive in Metairie, bringing its management portfolio to more than 550,000 square feet.
The firm took over management of the property earlier this month. The three-story, 51,000 square-foot building is physician-owned and expands the firm’s managed medical office portfolio to seven properties and more than 250,000 square feet across four Louisiana Parishes. In addition, SVN | Urban has added retail centers in Slidell, Mandeville, Metairie, and New Orleans East this year. These latest assets enabled the firm to expand its team with the hire of a Property Manager, Keith Gross.
SVN | Urban Properties provides asset and property management services for more than 25 properties in six Parishes across the state including the greater New Orleans metropolitan area, Lake Charles, and Shreveport. The firm manages multiple types of commercial investment properties across a variety of asset classes such as industrial, office, medical office, retail, restaurants, shopping centers, short-term rentals, and even coworking spaces. SVN | Urban will also be adding a boutique hotel / hospitality to its managed property portfolio in early 2023.
“Our management style focuses on maximizing our clients’ return on investment by maintaining superior tenant relations, demanding accountability from vendors and service providers, and taking an active, hands-on approach,” said Katherine Bowler, Asset and Property Manager at SVN | Urban Properties “It is important to have a team like ours, as opposed to a singular employee, that pays attention to all the details early on in order to maximize long-term profitability.”
SVN | Urban takes a holistic approach to asset management as it offers services from day-to-day property operations to portfolio oversight, as well as assessment and implantation of asset leasing strategies. For more information on SVN | Urban’s asset management services, please contact katherine.bowler@svn.com.
