Sitar Realty Co., in the Iselin section of Woodbridge, announced Monday it represented 1340 Poydras LLC in its acquisition of a 378,895-square-foot office building in New Orleans. The building was sold for $14.5 million.
1340 Poydras St., formerly known as the Amoco building, is located next to the Louisiana Superdome. According to the announcement, the property is approximately 68 percent occupied and is primarily used for leasable office area, with some retail space on the ground level. Sitar is an affiliate of TCN Worldwide.