Core Viewpoint - Sunrise Realty Trust, Inc. has committed 74.5 million senior loan for the construction of Shell Plaza in New Orleans, which will serve as the regional headquarters for Shell USA Inc. [1] Group 1: Project Details - Shell Plaza will be an 8-story building with 117,941 square feet of Class-A office space and 6,407 square feet of retail space, expected to be completed by September 2026 [2] - The project is located on a 1.6-acre site adjacent to the Ernest N. Morial Exhibition Hall, offering views of the Mississippi River and access to downtown and residential neighborhoods [3] Group 2: Company Background - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focused on transitional CRE projects in the Southern United States, providing flexible financing solutions [5] - TCG Real Estate consists of affiliated CRE-focused debt funds, including Sunrise Realty Trust, which targets top-tier assets in primary and secondary metropolitan areas of the Southern U.S. [6] Group 3: Strategic Importance - The project reflects a demand for modern workspaces with wellness amenities and high-quality technology infrastructure, combining New Orleans' culture with professional sophistication [4]
Sunrise Realty Trust, Inc. Commits $44.0 Million to a Senior Loan for Shell Plaza at the River District in New Orleans, Louisiana