{"id":1004292386,"date":"2019-01-17T04:10:51","date_gmt":"2019-01-17T12:10:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004292386"},"modified":"2019-01-17T04:10:51","modified_gmt":"2019-01-17T12:10:51","slug":"ten-capital-management-acquires-st-louis-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ten-capital-management-acquires-st-louis-office-asset\/","title":{"rendered":"Ten Capital Management Acquires St. Louis Office Asset"},"content":{"rendered":"<div id=\"attachment_1004292389\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004292389\" data-attachment-id=\"1004292389\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ten-capital-management-acquires-st-louis-office-asset\/attachment\/4830\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg\" data-orig-size=\"640,480\" 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;0&quot;}\" data-image-title=\"4830\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;575 Maryville&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg?w=640\" class=\"wp-image-1004292389 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004292389\" class=\"wp-caption-text\">575 Maryville Centre Drive<\/p><\/div>\n<p>Ten Capital Management (TCM) has closed on the acquisition of a St. Louis-area office property from Bluerock Real Estate. The Class A building comprises 258,441 square feet and is 97 percent leased to four tenants, with Cushman &amp; Wakefield as the anchor tenant.&nbsp;<\/p>\n<p>The building, located at 575 Maryville Centre Drive in the Town and Country suburb, is situated close to the interchange of Interstate 64 and Highway 141 and in close proximity to Maryville University. Amenities at the building include a fitness center, two conference rooms, on-site dining and a parking garage.<\/p>\n<p><em>\u201cThe Property was acquired at a significant discount to replacement cost and is located in one of St. Louis\u2019 premiere office parks, Maryville Center Office Park, which has demonstrated above-market historical occupancy and rent growth,\u201d<\/em> said Paul DiSandro, a TCM partner &amp; portfolio manager, in prepared remarks.<\/p>\n<p>The property last changed hands in 2008, when Bluerock Real Estate purchased the asset from Solutia for $42.8 million. Bluerock secured a $29 million loan for the property in 2013 that matures in July 2023. Investors have <a href=\"https:\/\/www.commercialsearch.com\/news\/midwest-resurgence\/\">been increasingly eyeing Midwestern cities<\/a> like St. Louis, as companies chase both yield and NOI. &nbsp;<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman &#038; Wakefield.<\/p>\n","protected":false},"author":745,"featured_media":1004292389,"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":[33038,32799,38386],"class_list":["post-1004292386","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-bluerock-real-estate-llc","tag-cushman-wakefield","tag-ten-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ten Capital Management Acquires St. Louis Office Asset - 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\/ten-capital-management-acquires-st-louis-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ten Capital Management Acquires St. Louis Office Asset\" \/>\n<meta property=\"og:description\" content=\"The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman &amp; Wakefield.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ten-capital-management-acquires-st-louis-office-asset\/\" \/>\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=\"2019-01-17T12:10:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/4830-e1547676688406.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ten-capital-management-acquires-st-louis-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ten-capital-management-acquires-st-louis-office-asset\\\/\"},\"author\":{\"name\":\"Holly Dutton\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9259ffaba4775229ae3556b9555e566d\"},\"headline\":\"Ten Capital Management Acquires St. Louis Office Asset\",\"datePublished\":\"2019-01-17T12:10:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ten-capital-management-acquires-st-louis-office-asset\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ten-capital-management-acquires-st-louis-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/01\\\/4830-e1547676688406.jpg\",\"keywords\":[\"Bluerock Real Estate LLC\",\"Cushman &amp; 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