News: Brokerage

Outside the Region: Feil Org. reps Bernhard in headquarters relocation to The Galleria

Metairie, LA Mechanical and electrical contractor company Bernhard will relocate its national corporate headquarters, according to The Feil Org., the building’s owner and manager. The company will take occupancy of its new 38,500 s/f headquarters on the LEED-certified building’s 8th floor early next year.

The Galleria will be home to 250 Bernhard employees now based in multiple locations in the city, and is expected to produce hundreds of additional indirect jobs in the energy and technology sectors.

“Bernhard was looking for a central location to consolidate its growing New Orleans workforce while enabling its staff to communicate better and more efficiently,” said Jeffrey Feil, CEO of The Feil Org. “The Galleria met their criteria as a perfect location and ideal situation: a sustainable building that reflects the company’s own dedication to energy-as-a-service. We look forward to having them as a long-term, expanding tenant.”

Colette Wharton, regional director of asset management of The Feil Org., served as the owner’s in-house representative during the negotiations. Corporate Realty represented both sides in the transaction, with Jeff Cohn representing Feil, and Mike Siegel, Bernhard. 

“We’re seeing unprecedented interest and substantial activity and unprecedented interest in all our projects in the region,” Feil said. “Bernhard’s new headquarters is a tremendous moment for Metairie and for Jefferson County.”

"This is an exciting growth period for Bernhard," said Ed Tinsley, Bernhard CEO. "For more than 100 years, Bernhard has called Louisiana home. This move will help us continue building the next 100 years of Bernhard in Louisiana as we advance our historical lines of business and simultaneously invest in the future of energy technology, efficiency and related services.” ­­

The 420,566 s/f Galleria was built in 1986 and renovated in 2008. Located at 1 Galleria Boulevard, the 21-story building offers amenities including a sundries shop, fitness center, and food services.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking