Monday, June 23, 2025
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Missouri

DevelopmentHealthcareMidwestMissouri

Phelps Health Opens New 17,500 SF Emergency Medical Services Base in Rolla, Missouri

by Kristin Harlow

ROLLA, MO. — Phelps Health has opened its new Emergency Medical Services (EMS) base in Rolla, a city in central Missouri in the heart of the Ozarks. McCarthy Building Cos. Inc. constructed the 17,500-square-foot building, which replaces an aging EMS station. Located on the main Phelps Health campus, the new base was partially funded by a $4 million American Rescue Plan Act grant from the State of Missouri. The site brings EMS teams closer to the emergency department while maintaining easy access to I-44. The building includes eight ambulance bays, a second helicopter landing pad, 16 bunk rooms for staff and crew, dedicated training rooms, amenities to support continuing education and extended shifts, and a tornado storm shelter.

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AcquisitionsMidwestMissouriRetail

CBRE Brokers $71.6M Sale of Retail Power Center in Brentwood, Missouri

by Kristin Harlow

BRENTWOOD, MO. — CBRE has brokered the sale of The Promenade at Brentwood, a 337,800-square-foot power center in the western St. Louis suburb of Brentwood. The sales price was $71.6 million, according to Crain’s Cleveland Business. CBRE’s NRP Midwest team represented the seller, Beachwood, Ohio-based SITE Centers. Haverford Retail Partners was the buyer. Tenants at the property include Target, Trader Joe’s, Burlington, Five Below, PetSmart, Ulta, World Market and Chase Bank.

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AcquisitionsHealthcareMidwestMissouri

Northmarq Arranges $4.4M Sale of Medical Office Building in St. Louis

by Kristin Harlow

ST. LOUIS — Northmarq has arranged the sale and financing of the ChenMed primary care medical office building in St. Louis. Northmarq’s Isaiah Harf and David Annett represented both the seller, Atwater Group, and the buyer, Maple Street Management, in the $4.4 million deal. Jada Purchase of Northmarq arranged $2.8 million in permanent fixed-rate financing on behalf of the buyer through a credit union. The 10-year loan features a 30-year amortization schedule. The ChenMed facility was built in 1992 and features a 15,735-square-foot, single-tenant building on 1.3 acres. ChenMed is a primary care medical provider for seniors.   

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Palm Tree Club
DevelopmentMidwestMissouriRestaurant

Palm Tree Club to Open 11,000 SF Restaurant, Rooftop Lounge in Kansas City, Missouri

by Abby Cox

KANSAS CITY, MO. — Culinary and entertainment concept Palm Tree Club will open an 11,000-square-foot restaurant and rooftop lounge in Kansas City’s Power & Light District. Designed by Beth Bloom Designs, the two-level space will include a full restaurant, private dining room and an open-air rooftop. The first story will comprise the custom main bar and ample seating for guests, while an elevated DJ booth will be situated just off the main floor with VIP seating and a dance floor. Additionally, the upstairs rooftop lounge will include an illuminated tree and a 100-inch TV. Palm Tree Club Kansas City is slated to open this fall.

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DevelopmentIndustrialMidwestMissouri

American Foods Group Opens $800M Beef Processing Facility in Wright City, Missouri

by Kristin Harlow

WRIGHT CITY, MO. — American Foods Group has opened an $800 million beef processing facility adjacent to I-70 in Wright City, about 50 miles west of downtown St. Louis. The 800,000-square-foot facility is known as America’s Heartland Packing LLC. The project was the focus of a FreightWeekSTL panel discussion hosted by the St. Louis Regional Freightway. Cattle are primarily shipped to the facility on trucks through the interstate highway system, as well as the associated packaging equipment needed for shipping outbound products. On average, the property receives about 10 trucks of cattle every weekday, with the plant harvesting about 400 cattle per day. The plant produces varying types of beef, including ground beef and different cuts of steaks. The facility ships out eight to 10 trucks of finished products per day to grocery stores, further processors, food service providers and schools. The Missouri Department of Transportation is investing $2.8 billion to add a third lane in each direction along nearly 200 miles of I-70 between St. Louis and Kansas City, a major project that is expected to benefit the new beef facility. Operations are expected to increase significantly at the facility in the future. Full operational capacity is anticipated to …

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DevelopmentMidwestMissouri

Ingram to Invest $50M in St. Louis Region Over Next Three Years

by Kristin Harlow

ST. LOUIS — Ingram Marine Group, the largest barge operator on the inland waterways, has unveiled plans to invest nearly $50 million in the St. Louis region over the next three years. The plans were announced during the opening session of FreightWeekSTL 2025, which was hosted by the St. Louis Regional Freightway. Ingram focuses on moving bulk and break-bulk commodities, including fertilizer, steel and grain exports to the Gulf of America. The company employs approximately 200 people in the bi-state area. The $50 million investment includes projects such as the expansion of the Municipal River Terminal (MRT) on the riverfront just north of downtown St. Louis, which will feature one of the largest barge-to-rail direct transfer systems focused on fertilizer crop nutrients supporting Midwest farmers. Additionally, the company is rebuilding the Tyler Street terminal just south of the MRT to handle export bulk materials more efficiently. On the Illinois side of the Mississippi River, Ingram is developing another rail-to-barge facility to support grain and grain byproducts. The projects are funded through a combination of private funds and a public BUILD grant. Ingram is working with various agencies to deliver the projects, including the St. Louis Port Authority and America’s Central …

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Downtown-Chesterfield-Missouri
DevelopmentMidwestMissouriMixed-UseTop Stories

Staenberg Group Begins Phase I of 4.5 MSF Mall Redevelopment Project Near St. Louis

by Taylor Williams

CHESTERFIELD, MO. — Locally based developer The Staenberg Group has begun Phase I of a 4.5 million-square-foot mall redevelopment project in Chesterfield, a western suburb of St. Louis. According to local news sources, including The St. Louis Business Journal, the mixed-use project is valued at roughly $2 billion. Known as Downtown Chesterfield, the project is a re-imagining of the former site of the Chesterfield Mall, demolition of which is now complete save for the department store buildings of former anchors Macy’s and Dillard’s. The first phase of new development will involve grading the site and installing infrastructure, creating a 3.3-acre central park and building utilities and streets. At full build-out, Downtown Chesterfield will feature up to 2,363 residential units, including 1,000 to be developed as part of Phase I. Residential buildings will include retail and restaurant space, and the Macy’s building will be repurposed to support retail and office uses. The Dillard’s store will be modernized and upgraded and could re-open in advance of the 2026 holiday shopping season. “This is more than just tearing down a mall — it’s laying the foundation for the future of Chesterfield,” said Michael Staenberg, president of The Staenberg Group. “You’ll drive in off Clarkson …

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AcquisitionsMidwestMissouriMultifamily

CBRE Negotiates Sale of 180-Unit Multifamily Community in St. Peters, Missouri

by Kristin Harlow

ST. PETERS, MO. — CBRE has negotiated the sale of The Station St. Peters, a 180-unit multifamily community in the western St. Louis suburb of St. Peters. Built in 2024, the property features a range of one- and two-bedroom floor plans averaging 870 square feet. Amenities include a pool, fitness center, clubhouse, coffee bar and outdoor grilling area. Matt Bukhshtaber of CBRE represented the seller, Mia Rose Holdings LLC. Nick Santangelo, Bruce Francis, Shaun Moothart, Bob Ybarra, Doug Birrell, Anna Britt and Amber Coleman of CBRE arranged a $21.7 million acquisition loan on behalf of the buyer, Oregon-based Bonaventure. The 10-year loan features a fixed interest rate and interest-only payments for the full term.

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DevelopmentIndustrialMidwestMissouri

Master’s Transportation Opens Phase I of $72M Headquarters in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Master’s Transportation, a provider of commercial buses and vans, has opened Phase I of its new headquarters in Kansas City. The 32,000-square-foot service building consolidates the company’s parts and local service departments. According to Master’s Transportation, bringing the team together will enhance service delivery through a modernized parts storage and fulfillment center, cutting delivery times by 70 percent. The service building features a body shop, large paint booth and detailing areas. The building marks the first of three phases being built at the company’s new headquarters, which is located at 14655 Prospect Ave. Completion of the campus is slated for this summer. The project will include a 252,000-square-foot production facility, 36,000-square-foot office and nearly 1 million square feet of concrete paving for bus parking.

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LoansMidwestMissouriMultifamily

Gantry Secures $30.3M Loan for Refinancing of Kansas City Multifamily Property

by Kristin Harlow

KANSAS CITY, MO. — Gantry has secured a $30.3 million permanent loan to refinance bridge financing for the Black Lark Apartments in Kansas City. The Class B, garden-style property underwent a comprehensive renovation program following its acquisition in December 2023. Now fully stabilized, the community features 265 units in one-, two-, three- and four-bedroom layouts. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. A private balance sheet lender provided the five-year, fixed-rate loan, which features a 30-year amortization.

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