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Pan-American Life Insurance Group Renews Poydras Street Lease and Reaffirms Commitment to New Orleans
[November 19, 2014]

Pan-American Life Insurance Group Renews Poydras Street Lease and Reaffirms Commitment to New Orleans


NEW ORLEANS --(Business Wire)--

Stirling Properties and Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced this morning that they have renewed the lease on their 601 Poydras Street corporate headquarters office space through 2024.

"601 Poydras has been home to Pan-American Life's corporate headquarters since 1981," explained José S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. "And while our business has grown to include operations all over the Americas, New Orleans remains an essential cornerstone of our corporate identity as well as our business strategy."

The lease renewal is a reflection of Pan-American Life's commitment to the city in which it was founded, more than 100 years ago. "We strive to have a positive impact on all the communities that we serve and that's especially important here in our home city whether it is by creating Louisiana based jobs through our domestic business or being a socially responsible corporate citizen," Suquet added. "You can see through our partnerships with the Louisiana Philharmonic Orchestra; United Way; and the Hispanic Heritage Foundation, that we are dedicated to investing in the arts, education, community development and public safety thereby making significant contributions to the growth of New Orleans and the wellbeing of all its residents."

"Pan-American Life's renewed lease of their headquarters is further testament of the commitment they have to the City of New Orleans," stated Marty Mayer, President and CEO of Stirling Properties. "Stirling Properties is proud to have worked with them as we continue to expand and increase the tenancy at Pan-American Life Center."

PanAmerican Life will also retain the building's naming rights, ensuring that the Pan-American Life Center will continue to be a landmark in the Central Business District.



About Pan-American Life

The Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship member, has been delivering trusted financial services since 1911, employing more than 1,400 worldwide, providing top-rated life and health insurance, employee benefits and financial services in 47 states, the District of Columbia (DC), Puerto Rico, and the U.S. Virgin Islands. The Group's member companies offer individual and/or group life and health insurance throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 15 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com.


About Stirling Properties

Stirling Properties is one of the most diversified full-service commercial real estate companies in the country. Regionally focused and nationally acclaimed, we utilize a comprehensive set of resources and rely on a team of trusted experts in Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types to deliver long-term value to our clients across the Gulf South. With offices located in Jackson, Mississippi; Mobile, Alabama; Baton Rouge, Lafayette, New Orleans, Metairie, Covington, Hammond, and Shreveport/Bossier City in Louisiana, Stirling Properties is one of the largest real estate firms in the Gulf South. Connect with Stirling Properties on the web at www.stirlingproperties.com, "like" us on facebook.com/stirlingproperties, follow us @StirlingProp on twitter.com/StirlingProp or subscribe to our Stirling Insights blog.


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