A Metairie office building at the foot of Veterans Memorial Blvd. and along the 17th Street Canal has a new owner. Well, new owners. A group of New Orleans-based investors, 110 Veterans Partners LLC, has purchased the five-story, 127,000-square-foot office building from its previous owner and long-standing New Orleans real estate management company, Rault Resources Group. The purchase price was not reported. 110 Veterans Partners, LLC, is led by David Schonberg, a veteran business owner in the senior care industry who owns Schonberg Care and is the CEO of Schonberg Capital. He is joined by investors Ryan Gootee, CEO of Ryan Gootee General Contractors, and Michael DeGruy, President of Ryan Gootee General Contractors; Michael Henican, Managing Partner of Henican Properties; Shaun McCarthy, Principal of McCarthy Group Realtors; and Richard Roth, Managing Member of Roth Law Firm and tax credit attorney. “Good things happen when commitment extends beyond financial investment,” said Schonberg, Managing Member of 110 Veterans Partners, LLC. “With the enthusiasm and complementary synergy among our investor group and our new building manager, I’m confident our tenants and the Jefferson Parish East Bank business community will benefit from this acquisition.” Rault Resources Group, the building’s seller, has been a part of New Orleans’ real estate landscape for nearly 60 years. “David and his partners are well-suited to carry on the legacy of 110 Veterans Building,” said Miles Clements, attorney and spokesperson for Rault Resources Group. “We’re confident they have the vision and resources to support the building and its tenants into the future,” Clements added The investor group has announced that Stirling Properties will provide full management and leasing services for 110 Veterans Memorial Blvd. Stirling Properties is a full-service real estate company with nearly five decades of experience in the Gulf South region. “With 24 million square feet of managed commercial real estate, Stirling has the resources and expertise to ensure a well-managed and thriving office environment,” said McCarthy, investor and 110 Veterans Building tenant. The Class B office building, formerly known as the Stewart Enterprises Building, reported 75.24% occupancy in the 2Q 2024, with 32,039 square feet available of the 129,407 total square feet, according to the most recent quarterly report by Corporate Realty. The average rental rate is listed at $19.50 per square foot. The building offers 24-hour access, reserved parking, a first-floor cafe, on-site management, and proximity to restaurants and shopping.