Southern Realty Trust Commits $20.0 Million to a Senior Loan for Shell Plaza at River District in New Orleans, Louisiana
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Southern Realty Trust Inc. has committed $20 million to a senior loan for the construction of Shell Plaza in New Orleans, which will serve as the regional headquarters for Shell USA Inc. The total loan amount is $74.5 million, with the remaining $54.5 million syndicated to affiliates.
February 03, 2025 | 1:15 pm
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Shell USA Inc. will have its regional headquarters at the new Shell Plaza in New Orleans, supported by a $74.5 million loan, including a $20 million commitment from Southern Realty Trust.
The construction of a new regional headquarters for Shell USA Inc. is a positive development, indicating expansion and investment in infrastructure. This could enhance Shell's operational capabilities in the region.
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