{"id":1004270927,"date":"2018-10-10T09:34:05","date_gmt":"2018-10-10T17:34:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004270927"},"modified":"2022-12-08T16:42:08","modified_gmt":"2022-12-09T00:42:08","slug":"franklin-partners-closes-2nd-louis-office-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/franklin-partners-closes-2nd-louis-office-acquisition\/","title":{"rendered":"Franklin Partners Closes 2nd St. Louis Office Acquisition"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004270933\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004270933\" data-attachment-id=\"1004270933\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-closes-2nd-louis-office-acquisition\/corporate-hill-iv\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FinePix T500&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1508818673&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.3&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Corporate Hill IV\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Corporate Hill IV&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg?w=800\" class=\"wp-image-1004270933 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Corporate-Hill-IV-.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004270933\" class=\"wp-caption-text\">Corporate Hill IV<\/p><\/div>\n<p>Franklin Partners has acquired a Class A office building in the St. Louis metro area from Scottrade Financial Services. After The Plaza in Clayton, which the company <a href=\"https:\/\/www.commercialsearch.com\/news\/franklin-partners-buys-trophy-office-tower-near-st-louis\/\">bought in fall 2017<\/a>, Corporate Hill IV represents Franklin\u2019s second office acquisition in the area.<\/p>\n<p>CBRE\u2019s Vice President TJ Redmond represented the seller in the deal, while Senior Vice President Mark Palmer and Vice President Artie Kerckhoff worked on behalf of the buyer. According to the brokers, \u201c<em>this was the only quality Class A option for a large corporate user of around 100,000 square feet or more<\/em>\u201d available in the West County submarket.<\/p>\n<p>Corporate Hill IV is a six-story, 175,000-square-foot building located at 12800 Corporate Hill Drive, off Interstate 270 and near the West County Mall. Completed in 1984, the asset has been renovated twice since, with the latest upgrades being added in 2015. The property features a number of amenities which include a full-service cafeteria on the second floor, executive parking, fiber connection, one loading dock and exterior balconies.&nbsp;<\/p>\n<p>According to real estate data provider Yardi Matrix, the glossy mid-rise was part of Scottrade\u2019s portfolio for more than 14 years, having been bought in 2004 from LaSalle for $26.3 million.<\/p>\n<p><em>Image courtesy of Franklin Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scottrade Financial Services has owned the Class A building since 2004, having been the single tenant at the property. CBRE directed the transaction.<\/p>\n","protected":false},"author":1064,"featured_media":1004270933,"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":[32789,38091],"class_list":["post-1004270927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-latest","category-office","category-st-louis","tag-cbre","tag-franklin-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Franklin Partners Closes 2nd St. Louis Office Acquisition - 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-closes-2nd-louis-office-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Partners Closes 2nd St. Louis Office Acquisition\" \/>\n<meta property=\"og:description\" content=\"Scottrade Financial Services has owned the Class A building since 2004, having been the single tenant at the property. 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