Globalstar Headquarters For Sale

For Sale

1351 Holiday Square Boulevard, Covington, LA 70433

This Covington property for sale is located at 1351 Holiday Square Boulevard. The general use of Globalstar Headquarters For Sale is office and it incorporates 66,000 square feet of class A office space. The current listed sale price for Globalstar Headquarters For Sale is $21,500,000. Globalstar Headquarters For Sale is situated on a lot that is 4.35 acre in size.

Contacts

Bill Sanders, SIOR, CCIM

Lee & Associates

Property Details

  • Property Type Office - General Office
  • Property Size 66,000 SF
  • Lot Size 4.35 Acre
  • Parking Spaces Avail. 253
  • Parking Ratio 3.83 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2018
  • Date Updated May 21, 2026
Located in Covington, Louisiana, within a premier Northshore business corridor, this property offers excellent access to a major regional market just 41 miles from New Orleans. The area is supported by strong surrounding demographics, including above-average household incomes and home values, making it an attractive location for businesses and professionals alike. Tenants benefit from an ideal balance of a high-quality professional environment, convenient accessibility, and the desirable quality of life the Northshore is known for.Opportunity to acquire the Globalstar (NASDAQ: GSAT) Headquarters in Covington, Louisiana. This Class A, three-story office building, constructed in 2018, is situated on 4.35 acres. The tenant currently occupies the first and second floors, with a lease in place for the entire building. The third floor remains in shell condition, providing an excellent opportunity for custom build-out and future expansion for an owner-occupant.
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Highlights

  • 10-Year Initial Lease Term: February 1, 2019 – January 31, 2029
  • Globalstar Willing to Extend Beyond its Current Lease Term for the Majority of its Current Occupied Footprint
  • Owner Occupant Opportunity to Purchase the Building & Occupy the Third Floor
  • Single-Tenant Lease with Globalstar, Inc., a Publicly Traded Satellite Communications Company
  • Tenant Occupies 100% of the 66,000 SF Building as Corporate Headquarters
  • Tenant Responsible for Taxes, Insurance, Utilities, Maintenance, and all Operating Costs
  • Third Floor Shell Space can be Configured for Multiple Tenants

Attachments

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Location

  • City Covington, LA
  • Zip Code 70433
  • Market New Orleans

Points of Interest

  • Circle K

    0.48 miles

  • Racetrac

    0.55 miles

  • Murphy USA

    0.87 miles

  • Chevron

    1.36 miles

  • Discount Zone

    2.56 miles

  • Sam's Club

    2.63 miles

  • Covington, LA Supercharger

    3.02 miles

  • ChargePoint

    3.02 miles

  • Texaco

    3.12 miles

  • Shell

    3.31 miles

  • Homewood Suites by Hilton Covington

    0.17 miles

  • Hilton Garden Inn Covington/Mandeville

    0.32 miles

  • Residence Inn New Orleans Covington/North Shore

    0.45 miles

  • WeStay Suites

    0.47 miles

  • Country Inn & Suites, Covington, LA

    0.48 miles

  • Super 8 Motel- Covington

    0.51 miles

  • Best Western Northpark Inn

    0.55 miles

  • Courtyard New Orleans Covington/Mandeville

    0.64 miles

  • Comfort Inn & Suites Covington

    0.71 miles

  • Holiday Inn Covington

    0.76 miles

  • ALDI

    0.43 miles

  • Walmart Supercenter

    1.01 miles

  • Kohl's

    2.42 miles

  • Walmart Neighborhood Market

    2.65 miles

  • Rouses

    2.70 miles

  • Big Lots

    2.79 miles

  • Rouse's Supermarket

    2.84 miles

  • JCPenney

    2.84 miles

  • Acquistapace's Covington Supermarket

    2.85 miles

  • Ross

    2.89 miles

Contact Listing Broker
Bill Sanders, SIOR, CCIM

Lee & Associates

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