NEW ORLEANS-Although investor interest in the Crescent City’s office market historically has been limited to high-net worth individuals and private companies, the pool of potential investors has deepened in recent months.

“Many US-based institutional investors and foreign investors that would previously only look at major markets are now looking for stabilized assets and yield in secondary markets such as New Orleans,” says Evan Stone, managing director of Jones Lang LaSalle’s Capital Markets.

Stone and Jack Crews are currently marketing one of the city’s trophy assets, One Shell Square, a 1.25-million-square-foot office building owned by MetLife. The 51-story tower is located in New Orleans’ CBD.