Westpark Office Building in Algiers, once FEMA’s base, sells to local owners

The Algiers office building where FEMA set up shop after Hurricane Katrina is in the hands of new owners.  Westpark Office Building, just off General DeGaulle Drive, is now in the hands of local owners. Thomas Guinan Jr. and Harold Callais II bought the property from Hertz Investment Group. Parish records show the sale closed last week for an undisclosed amount.  The six-story, 109,000-square-foot office building was built in 1983 as the cornerstone of Westpark Office Park. Judah Hertz, a Los Angeles real estate investor, purchased the property in 2005 for $7 million. His company scheduled an auction for Westpark in March, setting the minimum bid at $4.9 million, but it failed to attract interested buyers.   Read more.

Source: NOLA.com | The Times-Picayune 8/19/15