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AcquisitionsMidwestMissouriMultifamilyStudent Housing

Core Spaces Acquires 972-Bed Student Housing Community Near University of Missouri

by Kristin Harlow

COLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property. Located at 3600 Aspen Heights Parkway, The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. Amenities include a pool, clubhouse, fitness center, sand volleyball court, basketball court, dedicated study lounges and a private shuttle providing direct access to campus. The property is currently fully occupied. The acquisition marks Chicago-based Core’s first investment in Columbia.

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AcquisitionsIndustrialMidwestMissouri

Colliers Brokers Sale of 748,833 SF Industrial Property in Platte City, Missouri

by Kristin Harlow

PLATTE CITY, MO. — Colliers has brokered the sale of a 748,833-square-foot industrial facility in Platte City within metro Kansas City. Constructed in 2024, the distribution building is fully leased to Central Power Systems & Services under a long-term lease. The property features a clear height of 36 feet, 463 auto parking stalls, 74 dock doors and seven drive-in doors. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and John Stafford of Colliers represented the seller, VanTrust Real Estate. The buyer was undisclosed.  

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IndustrialMidwestMissouri

Hunt Midwest Forms Build-to-Suit Joint Venture with Prologis at Two Kansas City Industrial Parks

by Kristin Harlow

KANSAS CITY, MO. — Hunt Midwest has formed a build-to-suit joint venture with Prologis at two Hunt Midwest-owned industrial parks in Kansas City. The 3,300-acre KCI 29 Logistics Park, Missouri’s largest industrial megasite under single ownership planned for up to 20 million square feet of industrial development, anchors the new partnership alongside the nearby Five Star Logistics Park, which is capable of supporting up to 800,000 square feet of Class A industrial space. “This partnership is a tremendous opportunity to align Hunt Midwest’s local resources with Prologis’ global user relationships to ensure Kansas City and Missouri are competing for the most impactful logistics projects,” says Ora Reynolds, president and CEO of Hunt Midwest. Hunt Midwest says the new agreement will also bolster the entire Kansas City area’s reach with site selectors, brokers, industry leaders and other clients to drive economic development in the region.

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DevelopmentMidwestMissouriMultifamily

Sansone Group, Mia Rose Holdings to Build $55M Multifamily Project Near St. Louis

by Kristin Harlow

ST. PETERS, MO. — Sansone Group and Mia Rose Holdings are building The Preston at City Center, a $55 million multifamily project in St. Peters near St. Louis. The 216-unit development marks the launch of a new partnership between the two firms. The Preston at City Center will feature one-, two- and three-bedroom units. Amenities will include a pool, fitness center, coworking lounge, dog park and a ground-leased Exit 11 Coffee outlot. The developers closed on the land this month. Construction is expected to begin in April, with completion slated for the third quarter of 2027.

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Market ReportsMidwestMidwest Market ReportsMissouriOffice

Prime Office Space in St. Louis: Scarcity and Strategy

by Kristin Harlow

By Joshua Allen and David Kelpe, JLL One year ago, CBRE Research forecasted a shortage of prime office space in Heartland Real Estate Business. That prediction has proven accurate. Since the beginning of 2025, demand for top-tier office space has continued to drive leasing activity across the region. This persistent appetite for quality has pushed prime Class A availability to record lows, creating a competitive environment for tenants and landlords alike. The St. Louis office market encompasses approximately 53 million square feet of competitive space. Yet, a closer look reveals a critical challenge: 73 percent of this inventory was constructed before the 1990s. This aging supply base means that only 2.6 million square feet qualifies as truly “prime” — the newest, most desirable assets located in walkable urban areas with abundant amenities. These buildings represent the gold standard for tenants seeking modern design, energy efficiency and proximity to vibrant neighborhoods. Currently, prime Class A availability sits at a mere 5.5 percent, a stark contrast to the 25.2 percent average for non-prime Class A assets. This gap reflects a clear and ongoing preference among tenants for buildings that combine high-quality construction with strategic location. In short, companies are willing to pay …

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AcquisitionsLoansMidwestMissouriRetail

Trident Capital Partners Provides $1.5M Bridge Loan for Retail Property in Metro Kansas City

by Kristin Harlow

BLUE SPRINGS, MO. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within the Copperleaf Shopping Center in Blue Springs. The six-month, full-recourse loan is secured by a first lien on the property, a 4,685-square-foot retail building housed on one of the center’s pad sites. The borrower, a partnership of three private investor groups, acquired the property to maintain control over development and tenant selection at the Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 million. The outparcel building is partially leased to two national restaurant concepts, including Dutch Bros Coffee and Qdoba Mexican Eats. An additional 1,775 square feet remains available.

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Leasing ActivityMidwestMissouriOffice

Paris Brothers to Open New Headquarters in Kansas City’s Power & Light District

by Kristin Harlow

KANSAS CITY, MO. — Paris Brothers, a Kansas City-based global food and beverage company, has finalized a new seven-year lease for a headquarters office in Kansas City’s Power & Light District. The company will relocate its corporate team to a 16,000-square-foot space at 13th Street and Baltimore Avenue. Paris Brothers is best known as the parent company of Parisi Coffee. The new space will enable the company to better host partners and develop new products, according to a release. Paris Brothers expects to open the new office in advance of the World Cup, of which Kansas City is one of the host cities.

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AcquisitionsMidwestMissouriRetail

Block & Co. Brokers Sale of 9,500 SF Retail Strip Center in Belton, Missouri

by Kristin Harlow

BELTON, MO. — Block & Co. Inc. Realtors has brokered the sale of Belton Center, a 9,500-square-foot retail strip center in Belton. Block & Co. principals played a key role in the property’s original development in 2002 and have served as the ownership and property management company since its completion. The seller was the original owner of the center, and this transaction marks the first sale of the fully leased property since it was built. Block & Co. will continue to provide leasing and property management services for the new ownership. David Block, Zachary Albrecht and Grant Summers of Block & Co. represented the seller. The buyer was an out-of-state investor.

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AcquisitionsMidwestMissouriMultifamily

LouMin Holdings Buys 57-Unit Townhome Community in St. Charles, Missouri

by Kristin Harlow

ST. CHARLES, MO. — LouMin Holdings has acquired Springwell Village, a 57-unit single-family and townhome rental community in the St. Louis suburb of St. Charles. Springwell Village features two- and three-bedroom floor plans. Select homes include basements and there is a combination of attached and detached garages. Amenities include a walking trail, covered community pavilion with barbecue area and pet-friendly outdoor spaces. Capital Eleven Management will assume day-to-day operations.

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Data CentersIndustrialMarket ReportsMidwestMidwest Market ReportsMissouri

Why Data Centers Are Emerging as a Defining Opportunity for the St. Louis Region

by Kristin Harlow

By David Steinbach, JLL As artificial intelligence (AI) acceleration, cloud expansion and high-performance computing reshape the digital economy, cities across the U.S. are reevaluating whether they can meaningfully compete for data center investment. St. Louis is increasingly part of that national conversation — and the reasons are structural, not speculative. With competitive power pricing, repurposable industrial infrastructure, developable land and a strengthening policy framework, the region is positioned to capture the next wave of large-scale digital infrastructure. This moment represents more than a real estate opportunity. It’s an inflection point that could redefine the region’s industrial future if public and private stakeholders act in alignment. Cost, infrastructure profile Data center site selection begins with power and connectivity, and St. Louis offers meaningful advantages on both. Missouri’s industrial electricity rates continue to trend below the national average, with the state at 7.69 cents per kilowatt-hour compared with the U.S. industrial average of 8.65 cents per kilowatt-hour, according to the latest EIA data.  This is a significant differentiator for large-scale campuses with substantial, long-duration energy needs. The region’s legacy industrial and former generation sites also come with high capacity transmission infrastructure that can be repurposed, reducing both development timelines and the cost …

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