{"id":1004203751,"date":"2018-01-16T08:08:47","date_gmt":"2018-01-16T16:08:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203751"},"modified":"2022-12-08T23:29:44","modified_gmt":"2022-12-09T07:29:44","slug":"bamboo-equity-acquires-mo-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bamboo-equity-acquires-mo-office-asset\/","title":{"rendered":"Bamboo Equity Acquires MO Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004203883\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203883\" data-attachment-id=\"1004203883\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bamboo-equity-acquires-mo-office-asset\/bamboo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"11960 Westline Industrial Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;11960 Westline Industrial Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg?w=800\" class=\"wp-image-1004203883 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg\" alt=\"11960 Westline Industrial Drive\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Bamboo.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203883\" class=\"wp-caption-text\">11960 Westline Industrial Drive<\/p><\/div>\n<p>Bamboo Equity Partners&#8217; Bamboo Micro Opportunity Fund I LP has acquired an office property in Maryland Heights, Mo. This acquisition marks the first\u00a0purchase for the fund in Maryland Heights and the second overall.\u00a0<\/p>\n<p>Located at 11960 Westline Industrial Drive, the building features 93,000 square feet across three stories. Built in 1971, the asset is currently 72 percent occupied to tenants including Lindenwood University, Kantar Health and professional staffing service YOH. The company plans to attract new tenants and upgrade the property to make it more energy efficient. The building is within close proximity to interstates 270 and 70, the Page Extension, Highway 141 and Lindbergh Boulevard. The asset is also located near Westport Plaza, formerly a restaurant and entertainment spot in\u00a0<span class=\"xn-location\">St. Louis County<\/span>, which was revitalized and includes\u00a0a new\u00a0<span class=\"xn-money\">$75 million<\/span>\u00a0World Wide Technology headquarters.<\/p>\n<p><em>&#8220;Bamboo is very excited about this acquisition in the Westport Plaza area,&#8221;<\/em> said\u00a0<span class=\"xn-person\">Dan Dokovic, principal of Bamboo, in prepared remarks.\u00a0<\/span><em>&#8220;With its proximity to highways and the airport, and considering the surge in investment we&#8217;ve seen in\u00a0<span class=\"xn-location\">Maryland Heights<\/span>, the building on Westline represents a great opportunity for our fund and for potential tenants.&#8221;<\/em><\/p>\n<p>Last year the fund acquired 10777 Sunset Office Drive, a <a href=\"https:\/\/www.commercialsearch.com\/news\/bamboo-equity-snags-52-ksf-mob\/\">medical office building in\u00a0Sunset Hills<\/a><span class=\"xn-location\">, Mo., and a third acquisition for the Micro Opportunity Fund is expected for next month.\u00a0<\/span><\/p>\n<p><em>Image courtesy of Yardi Matrix\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This acquisition marks the first purchase for the company&#8217;s Bamboo Micro Opportunity Fund I LP in Maryland Heights, and the second overall. <\/p>\n","protected":false},"author":746,"featured_media":1004203883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742,21747,1611],"tags":[38218],"class_list":["post-1004203751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","category-office","category-st-louis","tag-bamboo-equity-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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