{"id":1004344997,"date":"2019-08-09T09:10:37","date_gmt":"2019-08-09T17:10:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004344997"},"modified":"2019-08-09T09:10:37","modified_gmt":"2019-08-09T17:10:37","slug":"sara-investment-expands-st-louis-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sara-investment-expands-st-louis-footprint\/","title":{"rendered":"SARA Investment Expands St. Louis Footprint"},"content":{"rendered":"<div id=\"attachment_1004345000\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345000\" data-attachment-id=\"1004345000\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sara-investment-expands-st-louis-footprint\/attachment\/4038\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.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=\"4038\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3301 Rider Trail S.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.jpg?w=640\" class=\"wp-image-1004345000 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345000\" class=\"wp-caption-text\">3301 Rider Trail S.<\/p><\/div>\n<p>SARA Investment Real Estate has completed the purchase of a 115,000-square-foot office building in Earth City, Mo. Altus sold the asset for $8.5 million, according to Yardi Matrix data, while First Bank provided acquisition financing, as indicated by St. Louis County records. The asset last changed hands in July 2013 for $3.3 million.<\/p>\n<p>The Class B property is located at 3301 Rider Trail S., in the Northwest suburb of St. Louis. Completed in 1982, the building underwent a series of improvements between 2006 and 2013, also per Yardi Matrix data. Renovation work included upgrading the common areas and exterior, as well as refurbishing the building entry. Situated on a 9.9-acre site, the property provides 720 parking spots with a parking ratio of six spaces per 1,000 square feet.<\/p>\n<p>The three-story asset is 100 percent leased to a tenant roster including U.S. Bank and Hillshire Brands. Situated at the intersection of Rider Trail and Earth City Expressway, the property provides access to interstates 70 and 270 and is less than 6 miles from Lambert International Airport.<\/p>\n<p>The investment marks the buyer\u2019s ninth acquisition in the market, according to Jared Stinehagen, vice president of operations at SARA Investment. Todd Spitzer, director of real estate for SARA Investment, is spearheading leasing efforts at the property, as indicated on the new owner\u2019s website.<\/p>\n<p>Last November, SARA Investment sold the&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/r2-cos-buys-525-ksf-midwest-creative-office-portfolio\/\">Midwest Creative Office Portfolio<\/a>, a group of properties totaling approximately 525,000 square feet. The buyer, R2 Cos., paid $60 million for the properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nearly $9 million office acquisition marks the buyer\u2019s ninth investment in the market. The upgraded asset is in the city\u2019s Northwest suburb.<\/p>\n","protected":false},"author":240,"featured_media":1004345000,"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":[36351,42932],"class_list":["post-1004344997","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-capital-improvement","tag-sara-investment-real-estate"],"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>SARA Investment Expands St. Louis Footprint - 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\/sara-investment-expands-st-louis-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SARA Investment Expands St. Louis Footprint\" \/>\n<meta property=\"og:description\" content=\"The nearly $9 million office acquisition marks the buyer\u2019s ninth investment in the market. The upgraded asset is in the city\u2019s Northwest suburb.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sara-investment-expands-st-louis-footprint\/\" \/>\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=\"2019-08-09T17:10:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/4038.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=\"Timea-Erika Papp\" \/>\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\\\/sara-investment-expands-st-louis-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sara-investment-expands-st-louis-footprint\\\/\"},\"author\":{\"name\":\"Timea-Erika Papp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"headline\":\"SARA Investment Expands St. Louis Footprint\",\"datePublished\":\"2019-08-09T17:10:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sara-investment-expands-st-louis-footprint\\\/\"},\"wordCount\":253,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sara-investment-expands-st-louis-footprint\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/08\\\/4038.jpg\",\"keywords\":[\"Capital improvement\",\"Sara Investment Real Estate\"],\"articleSection\":[\"Deals\",\"Investment\",\"Midwest\",\"News\",\"Office\",\"St. Louis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sara-investment-expands-st-louis-footprint\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sara-investment-expands-st-louis-footprint\\\/\",\"name\":\"SARA Investment Expands St. Louis Footprint - 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