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LoansMidwestMissouriMultifamily

Gantry Arranges $32.4M Loan for Refinancing of Apartment Community in Suburban St. Louis

by Kristin Harlow

VALLEY PARK, MO. — Gantry has arranged a $32.4 million permanent loan to refinance construction debt for 44 West Luxury Living in the St. Louis suburb of Valley Park. Mia Rose Holdings is the developer and owner of the 204-unit, garden-style apartment community. Comprised of five buildings and a clubhouse, the property was completed in 2024. In addition to the clubhouse, amenities include a heated pool and sundeck, outdoor grill area and fitness center. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. An institutional direct lender provided the five-year, fixed-rate loan.

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DevelopmentIndustrialMidwestMissouri

Contegra Completes 120,000 SF Manufacturing Facility for Elite Tool in Moscow Mills, Missouri

by Kristin Harlow

MOSCOW MILLS, MO. — Contegra Construction has completed a 120,000-square-foot manufacturing facility for Elite Tool in Moscow Mills, a northern suburb of St. Louis. The project replaces the company’s 70,000-square-foot manufacturing operation. The $20 million expansion is expected to create 30 new jobs. Located at 609 Tropicana Village Drive, the property features a 110,000-square-foot manufacturing zone, 8,000-square-foot office and 2,000 square feet of mezzanine storage. The facility includes various power and mechanical infrastructure as well as three dock doors, an oversized drive-in door and parking for 90 vehicles. Elite Tool is a lean contract manufacturer for the aerospace, commercial and defense industries.

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Leasing ActivityMidwestMissouriOffice

Conexon to Move Headquarters to 48,827 SF Office in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Conexon, a Kansas City-based provider of high-speed internet for rural communities, is moving its headquarters to a new 48,827-square-foot office at Stanton Road Capital’s 2323 Grand Boulevard in Kansas City. The company was previously headquartered at nearby 2001 Grand Boulevard, also known as the Firestone Building. Conexon will take over the entire fourth and a portion of the third floor at 2323 Grand. Located in the heart of downtown, the office building sits at the intersection of the Crossroads Arts District and Crown Center, directly across from Union Station and the new RideKC streetcar station. In addition to Conexon, Lathrop GPM recently announced an upcoming relocation of its headquarters to 2323 Grand. Existing tenants Glass Lewis and Brown & Ruprecht have inked lease renewals in the past quarter. Grand Coffee Co. opened a new location within the building. In total, the property has received 110,414 square feet of new leases and renewals in 2025. The owner has invested in the building’s amenities, including a conference center, updated gym, employee lounge and dining areas. The 320,976-square-foot, 11-story building offers onsite parking, flexible floor plates and spec suites. Stanton Road Capital acquired the property in late 2017. Travis …

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DevelopmentLife SciencesMidwestMissouri

McCarthy Completes 84,000 SF Food Safety Laboratory for USDA in St. Louis

by Kristin Harlow

ST. LOUIS — McCarthy Building Cos. Inc. has completed the Midwestern Laboratory, an 84,000-square-foot project for the U.S. Department of Agriculture’s Food Safety and Inspection Service in St. Louis. Hoefer Welker designed the single-story facility. Located near the University of Missouri – St. Louis campus, the project includes microbiology and chemistry labs, a processing center, large receiving area and adjacent sample prep laboratory, as well as administrative offices. The facility will coordinate and conduct laboratory services in support of the agency’s farm-to-table strategies for food safety in meat, poultry, fish and egg products. The lab will house approximately 60 employees across three branches — administration, chemistry and microbiology. In alignment with the General Services Administration’s (GSA) mission to procure space for federal agencies, GSA executed a 20-year lease with US Federal Properties for a total contract value of $115.5 million. Construction began in May 2023.

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DevelopmentIndustrialMidwestMissouri

Contegra Completes First Building at $117M River Valley Logistics Center in Metro St. Louis

by Kristin Harlow

MARYLAND HEIGHTS, MO. — Contegra Construction has completed the first of three planned distribution centers at the $117 million River Valley Logistics Center in Maryland Heights, a northwest suburb of St. Louis. NorthPoint Development is the developer. The first building totals 357,056 square feet. Two more distribution centers totaling nearly 800,000 square feet are also planned for the 94-acre development. The first building can accommodate a single user or multiple tenants and features a clear height of 36 feet, high bay windows, 40 dock doors, LED lighting and parking for 259 cars and 98 trailers. Sansone Group is handling leasing.

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DevelopmentMidwestMissouriMultifamily

Midas Hospitality, Double Eagle Development Deliver 227-Unit Luxury Apartment Complex Near St. Louis

by Kristin Harlow

ELLISVILLE, MO. — Midas Hospitality and Double Eagle Development have completed MILA Apartments, a 227-unit luxury apartment complex in the St. Louis suburb of Ellisville. The four-story project is situated on a 7-acre site at 15970 Manchester Road. MILA Apartments features eight floor plans for studio, one-, two- and three-bedroom apartments ranging in size from 552 to 1,363 square feet. Amenities include a courtyard, grills, a pool, turf lawns, bocce ball, mini golf, a fitness center, dog park and conference rooms. The property manager is 2B Residential. The project team included Rosemann & Associates as architect and MBG as general contractor. A Starbucks location fronts the property.

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AcquisitionsLoansMidwestMissouriMultifamily

Gantry Arranges $11.5M Acquisition Loan for Kansas City Multifamily Property

by Kristin Harlow

KANSAS CITY, MO. — Gantry has arranged an $11.5 million loan for the acquisition of The Life at Highland Village multifamily property in Kansas City’s Lewis Heights neighborhood. The 200-unit garden-style community includes 11 buildings with a mix of one- and two-bedroom floor plans. Most units feature recent appliance upgrades and new finishes. Amenities include a grass-covered open space, pool, playground and dog park. Mark Reichter and Alex Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. An insurance company lender provided the three-year, fixed-rate loan, which features an upfront interest-only period followed by a 30-year amortization.

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Affordable HousingDevelopmentMidwestMissouriMultifamily

Guadalupe Centers Delivers 50-Unit Affordable Housing Community in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Guadalupe Centers Inc. (GCI) has opened Villa View Apartments, an affordable housing community designed for teachers and local families in Kansas City. Situated on the southeast corner of GCI’s Villa Guadalupe school campus at 1616 Hardesty Ave., the four-story development features 50 units, 42 of which are designated as affordable housing for households earning up to 60 percent of the area median income. The remaining apartments are offered at market rates. Community amenities include a business center, community room, courtyard, rooftop patio and picnic areas. Built in compliance with Enterprise Green Communities and the 2021 International Energy Conservation Code, the property is energy efficient and fully electric. Residents will benefit from services provided free of charge by GCI. These include youth education, after-school programs, financial literacy, tax preparation, health screening, cultural community events, mental health counseling, job training and food pantries. GCI partnered with Riverstone Platform Partners as co-developers. The project team included Altman-Charter Co. as general contractor, SLATTERY Design + Architecture as the architect of record and Beacon Management LLC as the property manager. The development was financed in part with $12.5 million in federal Low-Income Housing Tax Credits (LIHTC) syndicated by Hunt Capital Partners …

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AcquisitionsMidwestMissouriMultifamily

Bow River Capital Acquires 212-Unit Brookside Commons Multifamily Community in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Bow River Capital, a Denver-based alternative asset management firm, has acquired Brookside Commons in Kansas City. Located near the Country Club Plaza, the 212-unit multifamily community was built in 2023. The transaction, which marks Bow Capital’s third multifamily acquisition in the Kansas City market, was completed at more than a 24 percent discount on today’s replacement cost. Berkadia originated acquisition financing through Fannie Mae. The seller and sales price were not provided.

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AcquisitionsMidwestMissouriMultifamily

Berkadia Arranges Sale of 110-Unit Multifamily Property in Downtown Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Berkadia has arranged the sale of The Locarno, a 110-unit multifamily property in downtown Kansas City. Located at 235 Ward Parkway, the high-rise asset features views of Country Club Plaza and Brush Creek. The property was built in 1928 and renovated in the mid-1980s. Michael Spero, Niko Vrentas and Simon Rodewald of Berkadia represented the seller, Locarno Partners LLC. The asset sold to ELKCO Properties in joint venture with Leale Capital. Both companies are based in Denver.

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