KANSAS CITY, MO. — Block & Co. Inc. Realtors has arranged the sale of a 100,000-square-foot, six-story office building located at 1734 E. 63rd St. in Kansas City. The buyer, A to Z Theatrical Supply and Service Inc., is adding to its existing location at 800 E. Meyer Blvd. in Kansas City. The company offers costumes, lighting, props and production design. Dakota Grizzle and Garrett Cohoon of Block & Co. represented the Omaha, Neb.-based seller.
ST. LOUIS — Marcus & Millichap has negotiated the $9.7 million sale of the Interior Design Center of St. Louis, a seven-suite industrial property in St. Louis. The facility comprises 92,104 square feet of flex industrial space across two masonry buildings. The fully leased property is anchored by four long-term tenants, including KDR Designer Showrooms and AUTCOhome Appliance. Tyler Sharp, Adam Abushagur and David Saverin of Marcus & Millichap represented the seller, a local investor. Buyer information was not provided.
EAST ALTON, ILL. AND FORISTELL, MO. — EquiCap Commercial has negotiated the sales of two self-storage facilities in metro St. Louis. All Inn Storage, located at 978 E. Airline Drive in East Alton, features 9,600 net rentable square feet with 87 units on 9.1 acres. Alex Erbs of EquiCap represented the seller and procured the buyer, an out-of-state private equity firm. Foristell Storage, located at 19100 Veterans Memorial Parkway in Foristell, consists of 21,173 net rentable square feet with 260 units on 7.3 acres. Marla Čolić of EquiCap procured the buyer, a local storage owner-operator completing a 1031 exchange.
ST. LOUIS — Tarlton is providing preconstruction and construction management services for “Catalyst: Powered by WashU,” a new startup hub for bioscience companies in the Cortex Innovation District from BOBB LLC, an affiliate of Washington University. The $100 million, 163,000-square-foot redevelopment project is located in the Central West End of St. Louis and includes the renovation of the 120,000-square-foot, seven-story former headquarters of MERS Goodwill Industries at 4140 Forest Park Blvd. Tarlton will restore the building, which was occupied by MERS Goodwill Industries from 1944 to 2019. The building was originally constructed for Standard Sanitary Manufacturing Co. and is listed on the National Register of Historic Places. The project also includes the construction of a new 50,000-square-foot, four-story addition. Three new elevators will access laboratory and office spaces. The ground-floor lobby will feature a coffee bar and common meeting spaces. HOK is the project architect.
KANSAS CITY, MO. — MMG Real Estate Advisors has arranged the sale and financing of Union Berkley, a 407-unit apartment community in Kansas City. The transaction marks the largest single-property sale ever recorded in Kansas City, according to MMG. The property was built in 2018 and is situated in the riverfront district. Harry Trotter, TJ Wahl, Brett Meinzer, Colson Bayles and Parker Guffey of MMG represented the seller.
SPRINGFIELD AND OZARK, MO. — Gorrell Hughes Capital has purchased two multifamily communities in the Springfield metro area: Sunset Woodland Apartments in Springfield and Excelsior Gardens Apartments in Ozark. Together, the properties total 281 units. Gorrell Hughes Capital is a private real estate investment firm focused on acquiring, managing and repositioning Class B multifamily assets.
CHESTERFIELD, MO. — The Staenberg Group (TSG) has begun utility work and site grading for Downtown Chesterfield, the redevelopment of the former Chesterfield Mall site into a mixed-use destination in suburban St. Louis. This phase of work includes utility installation and relocation needed to support future development as well as site grading focused on the new road network and the 3.3-acre park that will serve as the centerpiece of Downtown Chesterfield. These early infrastructure improvements help transition the project site from demolition to active development. Plans call for a mix of residential, hotel, restaurant, entertainment, office and community spaces. The overall project’s price tag is $2 billion, according to The St. Louis Business Journal.
COLUMBIA, MO. — Developer Subtext has acquired District Flats, a six-story student housing property serving students at the University of Missouri in Columbia. The asset marks the first deal under Subtext’s acquisitions arm. The 259-bed, 119-unit building offers floor plans of one-, two- and four-bedroom layouts. The property is undergoing a brand repositioning and capital improvement program, including redesigned amenity spaces, an upgraded fitness center and new study areas. Stephen VanLeer and Mike Brady of JLL arranged acquisition financing through Webster Bank.
CLAYTON, MO. — MBG is underway on construction of Vivienne, a luxury property with 151 townhomes and apartments in the St. Louis suburb of Clayton. Keely Properties is the developer. Designed by Trivers, the 252,002-square-foot, mid-rise property will include nine townhomes and 142 apartments. A second-level entertainment and patio space will feature an outdoor pool, outdoor kitchen, fire pits and barbecue grills. Other amenities will include a 3,600-square-foot fitness center, coworking space, indoor lounge, dog park, dog spa, indoor sauna, conference room and speakeasy room. Completion is slated for summer 2026.
KANSAS CITY, MO. — The Kansas City Aviation Department has selected Airside Innovation Missouri LLC, a joint venture between Kansas City natives Kyle Eiserer of Airside FBO and Erik Murray of Eastside Innovation, to develop the last 20 acres of available land at the Kansas City Downtown Airport – Wheeler Field. The $55 million development will include a new fixed base operation (FBO) led by Kansas City-based Apex Aero Center with a 15,000-square-foot terminal building and more than 150,000 square feet of new hangar, office and shop space designed to serve business, government and general aviation users. FBOs are often the first point of contact for visitors arriving by air. Known as Project Lima, the development was selected through a request for proposals process and received unanimous approval from the Kansas City Council in September. The developers executed a long-term lease on the property last month. The project will also include the expansion of Red Tail Academy, a Kansas City-based nonprofit focused on educating and mentoring underrepresented youth in aviation. The broader project team includes Crossroads Real Estate Group, WSKF Architects, TREKK Design Group, Bob D Campbell & Co., FSC Inc., LM2 Construction, McCownGordon Construction and AvAirPros. Completion is slated …
