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Land Clearance for Redevelopment Authority Buys Two One-Acre Parking Lots for Future Development
The Parking REIT, a real estate investment trust that invests in parking lots and garages across the U.S., sold two surface parking lots in downtown St. Louis to the Land Clearance for Redevelopment Authority of the city of St. Louis for $8 million. The...

Jamestown Apartments Trades for $2.6 Million in St. Louis Suburb
A private investor taking title as Wonderful Homes LLC acquired the 76-unit Jamestown Apartments in Belleville, IL from a local owner for $2.6 million, or about $34,000 per unit. Located at 1816 Jamestown Rd., the garden-style apartment complex was...

Illinois-Based Packaging Designer Takes 46,000 SF in Earth City
Nexgen Packaging, a Westmont, IL-based firm that designs, manufactures and distributes brand identification products, inked two lease deals within Duke Realty’s Earth City Business Park, totaling 45,640 square feet. The packaging designer first lease...

Williamson Home Takes 10,000 SF in Newly-Renovated Clayton Plaza
Williamson Home, a home décor designer, signed a 10,262-square-foot lease in the newly-renovated Clayton Plaza in Richmond Heights, MO. Originally built in 1974, the 64,000-square-foot underwent renovations this past year. The renovations, once fully...

Construction on $65 Million Live! by Loews Hotel Underway Near Busch Stadium
A joint venture between Loews Hotels & Co., The Cordish Cos. and Major League Baseball (MLB) team St. Louis Cardinals broke ground last month on the $65 million, 235-key Live! by Lowes - St. Louis hotel near the Cardinals’ Busch Stadium. The hotel...

Marcus Organization Buys Wall Street Office Center for $6.1 Million
Farmingdale, NY-based Marcus Organization acquired the 77,176-square-foot Wall Street Office Center in St. Charles, MO from a private investor taking title as Brentwood-Clayton Trade Center LLC for $6.05 million, or about $78 per square foot. Located...

Balke Brown Transwestern Sells 61,000-SF Office in Hazelwood
Locally-based firm Balke Brown Transwestern sold a 60,832-square-foot office building at 900 Hornet Dr. in Hazlewood, MO to the Special School District of St. Louis County (SSD) for $3.3 Million, or about $54 per square foot. In part of the sale, SSD...

U-Haul to Acquire and Repurpose Former Kmart Bldg. in Alton
Credit: U-Haul Phoenix-based moving equipment and storage rental company U-Haul is set to acquire a former Kmart store at 2851 Homer M. Adams Pkwy. in Alton, IL. U-Haul, which has been leasing out the Seminary Plaza shopping center space since May...

Priderock Capital Partners Sells Sun Valley Lake Apts. in St. Charles
West Palm Beach, FL-based multifamily investor Priderock Capital Partners sold the 680-unit Sun Valley Lake multifamily complex in St. Charles, MO to Ascent Residential for an undisclosed amount. The garden-style apartment community constists of one...

Exeter Property Group Buys 84 Acre-Site in Edwardsville for $5.2 Million
Exeter Property Group, an investor headquartered in Conshohocken, PA, acquired an 84-acre site off of Inner Park Dr. in Edwardsville, IL for $5.2 million, or $61,905 per acre. The site is located within the Gateway Commerce Center. While the buyer...

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