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Commercial Real Estate News
St. Louis
Commercial Real Estate News
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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...

Buyers Getting Picky Over Big Apartment Offerings
Pictured: Wesley Village in Charlotte, NC, one of 11 communities HFF sold in a 3,039-unit portfolio to eight different buyers over the course of one year for an aggregate price of $480.6 million.It should be the high-season for sales of large apartment...

G6 Hospitality Sells 121-Room Motel 6 in Caseyville
Carrollton, TX-based G6 Hospitality sold a 121-key Motel 6 in Caseyville, IL to locally-based Star Motel for $3.5 million, or about $29,000 per key. Located at 2431 Old Country Inn Dr, the 44,835-square-foot hotel was built in 1998. G6 Hospitality...

Emerald Equity Group Pays $47.8 Million for 400-Unit Apt. Complex in St. Louis
New York-based Emerald Equity Group acquired the 400-unit Westmoreland in St. Louis from Village Green for $48.7 million, or about $120,000 per unit. The 47,700-square-foot building was originally constructed in 1925 and is located at 245 Union Blvd...

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