Tech Company Accruent Signs 22,000 Square Floor Lease in New Orleans

Austin-based Accruent, a technology firm that announced last summer they would be opening a 350 person office in New Orleans, confirmed last week that they have signed their lease and will be opening the actual office soon.

The company has closed on a 22,594-square-foot lease at 400 Poydras Street for their regional office.  The first 150 employees will move in the first quarter of 2019.

400 Poydras Tower is a 600,000 square foot 32-story Class A office building in the CBD.  The building was built in 1983 and designed by Skidmore, Owings and Merrill.  Savills Studley represented Accruent and Cres Gardner of Beau Box Commercial Real Estate represented The Hertz Investment Group, owners of 400 Poydras.  Terms of the lease were not disclosed.  Rates are listed between $16-21 per square foot.

Headquartered in Austin, Accruent works with roughly 10,000 customers in more than 150 countries around the world.