{"id":1004195082,"date":"2017-10-26T05:53:18","date_gmt":"2017-10-26T13:53:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195082"},"modified":"2022-12-08T00:22:18","modified_gmt":"2022-12-08T08:22:18","slug":"franklin-partners-buys-trophy-office-tower-near-st-louis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/","title":{"rendered":"Franklin Partners Buys St. Louis Trophy Office"},"content":{"rendered":"

By Roxana Baiceanu<\/em><\/p>\n

\"The<\/a>

The Plaza at Clayton, St. Louis<\/p><\/div>\n

A joint venture between Franklin Partners and Bixby, an affiliate of Bixby Bridge Capital, made its first purchase in the St. Louis area. The property, which was part of KBS REIT’s office portfolio<\/a>, is The Plaza at Clayton. The 16-story office tower makes up one of the most desirable mixed-use developments in Clayton, Mo., and St. Louis.<\/p>\n

\u201cThe Plaza is in a desired location in one of the premier submarkets in the Midwest.  The classic design and surrounding amenities make it an undeniable trophy office building,<\/em>\u201d said Ray Warner, one of Franklin\u2019s founding partners, in prepared remarks.<\/p>\n

A brick and stone project<\/h2>\n

The 325,172-square-foot asset is located at 190 Carondelet Plaza, approximately 10 miles from downtown St. Louis. It also includes more than 10,000 square feet of retail space and an expansive underground parking which provides space for approximately 1,100 vehicles. The building features a state-of-the-art lobby using a mix of curved Makore paneling, Italian marble for flooring and wood.<\/p>\n

The project, which also includes a residential and retail component, was designed by Atlanta-based Smallwood, Reynolds, Steward, Steward and developed by St. Louis-based THF Realty in 2001. It is considered to be the largest brick project built in the history of the city.<\/p>\n

A team of brokers from CBRE made up of Executive Vice President Paul Lundstedt, Senior Vice President Dan Deuter, Office Properties Specialist Mark Palmer, Vice Presidents Artie Kerckhoff and TJ Redmond represented KBS in the transaction. <\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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. <\/p>\n","protected":false},"author":1064,"featured_media":1004195083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,13,21742,21747,1611],"tags":[38092,38091,33159],"class_list":["post-1004195082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-latest","category-office","category-st-louis","tag-bixby-bridge-capital","tag-franklin-partners","tag-kbs-real-estate-investment-trust"],"acf":[],"yoast_head":"\nFranklin Partners Buys St. Louis Trophy Office - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Partners Buys St. Louis Trophy Office\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-26T13:53:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:22:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Plaza-at-Clayton-St.-Louis.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/\",\"name\":\"Franklin Partners Buys St. Louis Trophy Office - 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