St. Louis
McGrath to Build St. Louis Warehouse for US Paint
The $5 million project will be conducted in two phases and will replace the existing manufacturing facility. The property will comprise a new office space, maintenance shop, quality control lab and more.
KY MOB Changes Hands
A subsidiary of Everest Healthcare Properties recently purchased a 60,000-square-foot medical office building in Louisville, Ky. The property was 95 percent occupied at the time of the sale.
KAI Design & Build Adds New Chief Integration Officer
Michael Hein has joined KAI Design & Build’s St. Louis office. In his new position, he will be responsible for driving the firm’s strategic initiatives.
Transwestern Nabs 2.5 MSF Industrial Portfolio
The company has acquired nine properties in St. Louis and Indianapolis, expanding its Midwestern portfolio to more than 10 million square feet.
Bamboo Equity Snags 52 KSF MOB
Once closing is completed, Bamboo will immediately start renovations on the 52,000-square-foot property to improve common areas used by patients and healthcare providers.
Franklin Partners Buys St. Louis Trophy Office
The 16-story Plaza in Clayton, which Franklin acquired in a partnership with Bixby, is considered to be one of the most desirable office assets in the city area.
Avison Young Hires Principal in St. Louis Office
Susan Finney, a specialist in office leasing, will focus on tenant and landlord representation and be in charge of expanding the company’s footprint in the St. Louis area.
CBRE Markets St. Louis Riverfront Redevelopment Portfolio
The 19-property portfolio is located along the St. Louis riverfront and could support multifamily, office, industrial and retail space uses.
Alterra Worldwide Acquires 520 KSF Mixed-Use Asset
The company plans to complete a $104 million redevelopment of the project, which will include 240 units, a 220-key hotel and commercial space.
St. Louis Gears Up
Despite a slowly declining population, the city continues to see positive economic trends. Developers ramped up apartment deliveries in 2016, when 1,370 units came online, according to Yardi Matrix.