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Sunrise Realty Trust, Inc. Commits $44.0 Million to a Partnership for the Construction of Shell Plaza at the River District in New Orleans, Louisiana

Feb 03, 2025•over 1 year ago

Contract Type

partnership

AustinReal EstateReal Estate InvestmentLending

Description

Sunrise Realty Trust, Inc. has announced its commitment of $44.0 million to a partnership for the construction of Shell Plaza in New Orleans. The partnership, involving Lauricella Land Company and Cypress Equities, is aimed at developing a build-to-suit net lease property to serve as the regional headquarters for Shell USA Inc.

Company Information

Company

Sunrise Realty Trust

Location

Austin, Texas, United States

About

Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focused on the Southern United States.

Predictive Intelligence
Strategic

ML-powered predictions for Sunrise Realty Trust's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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