NEW ORLEANS-The Poydras Center, one of the most prominent high-rises in the city’s central business district, is for sale. The 453,255-square-foot, class A office building is expected to fetch between $55 million and $60 million.

The building’s owner, Santa Monica, CA-based Hertz Investment Group, selected Grubb & Ellis Co.’s Institutional Capital Markets Group to market the 27-story tower. Richard Plummer and Michael Ross, executive vice presidents, and Andrew Harper, vice president, will represent Hertz in conjunction with Bryan Burns III of Transwestern’s New Orleans office.

Located at 650 Poydras St., the building is just few blocks from the world-renowned French Quarter and adjacent to the Hale Boggs Federal Building, the local U.S. Courthouse. It sits on top of a nine-story parking garage, which allows unobstructed views of the city from the lowest leasable office suites.