NEW ORLEANS – New Orleans-based JECohen today announced that the investment management company, which focuses on attaining prime real estate with capital invested from underserved and frequently overlooked communities, has a unique leasing opportunity on the first floor of the New Orleans Cotton Exchange Building at 231 Carondelet Street for a new retail or restaurant business.
The New Orleans Cotton Exchange, an architectural and historically significant gem that is now recognized as a National Historic Landmark, was established as one of the centralized forums for the trade of cotton in New Orleans. Its history dates to February of 1871, when New Orleans merchants formed the Exchange and opened it for business until structural issues led to the building being demolished in 1920. From the time it was modestly rebuilt in 1921 post World War I until it closed in 1964, the Exchange was positioned as one of the primary cotton markets globally.
To publicize the leasing opportunity, the first floor of the building has been wrapped with imagery of an abstracted fist made from the fiber of cotton. The branding symbolism is meant to be subtle and a nod to the perseverance of people of color in this nation.
“Downtown Development District (DDD) is proud to work alongside JECohen in the revitalization of this historic property. JECohen’s investment downtown stands as testimony of the resiliency of the central business district. We are grateful that Mr. Cohen has embraced the adaptive re-use opportunity of the property and long-term economic viability of the CBD. For this, DDD has availed economic development incentives, technical assistance, and more to contribute to project success,” said Davon Barbour, President & CEO, Downtown Development District.
JECohen was founded in 2015 by Jarrett E. Cohen; the company now manages $55 million in assets as of August 31, 2023, and has continued to grow its client base with a fresh perspective on investing that values relationships, integrity and opportunity for all. While JECohen proudly serves a diverse base, the company has carved out a niche within certain underserved demographics that has garnered a reputation for providing financial and investment advice that is both sound and altruistic.
JECohen Headquarters is the anchor tenant on the second floor of the New Orleans Cotton Exchange. When it came time to move its base operation to a larger office earlier this year, Cohen envisioned a space that would appropriately represent the clients and communities JECohen serves. Marrying the rich history of the New Orleans Cotton Exchange with the intrinsic values of JECohen was an ideal match.
“Corporate Realty is pleased to have represented JECohen in its acquisition of The Cotton Exchange building on Carondelet Street. It is a pleasure to be involved with a forward-thinking investor and project that shares our vision for the future of the CBD,” said Michael J. Siegel, President, Corporate Realty.
To learn more about JECohen as well as its wealth and investment management and real estate asset management business or this leasing opportunity, visit www.jecohenco.com.
JECohen, a New Orleans-based, Black-owned registered wealth and investment management firm that values integrity and opportunity for all, was founded in 2015 by Jarrett E. Cohen. JECohen’s mission – to empower people, institutions, and communities with transformative investments – is rooted in its approach to working with individual and institutional investors in support of their long-term goals. At JECohen, Our Business is Personal. To learn more about JECohen, visit jecohenco.com.