Missouri Archives - REBusinessOnline

Marcus & Millichap Arranges $4.4M Sale of Maverik Gas Station Property in Springfield, Missouri

Kristin Harlow — Mon, 26 Jan 2026 14:00:00 +0000

SPRINGFIELD, MO. — Marcus & Millichap has arranged the $4.4 million sale of a net-leased Maverik gas station property in Springfield. The 6,203-square-foot asset is situated on a 2-acre lot at 2704 S. Campbell Ave. The property was built in 2016 and recently remodeled following Maverik’s 2023 acquisition of Kum & Go. There are 10.8 years remaining on the primary lease term. Jackson Harris, Chris Lind, Mark Ruble, Zack House and David Saverin of Marcus & Millichap procured the buyer, a California-based limited liability company.

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Patmos Receives $100M C-PACE Loan for Redevelopment of Kansas City Star Building into Data Center

Kristin Harlow — Fri, 23 Jan 2026 14:31:37 +0000

KANSAS CITY, MO. — Patmos Holdings Inc., a provider of internet infrastructure, data center and hosting services, has received a $100 million C-PACE (Commercial Property Assessed Clean Energy) loan from PACE Loan Group for the ongoing redevelopment of the former Kansas City Star building into a data center and artificial intelligence (AI) campus. When the next phase of infrastructure upgrades is complete this spring, the 421,112-square-foot, four-story Patmos AI Campus will feature 35 megawatts of power. The C-PACE loan will fund energy-efficient infrastructure improvements. Patmos initially started construction in late 2024. Since then, two publicly traded tenants have inked multi-year leases with Patmos. Located at 1601 McGee St. in downtown Kansas City on the site that had been previously declined by the Kansas City Royals for its new stadium, the 5-acre campus is part of a significant retrofit project. In addition to creating AI data halls, Patmos will also convert nearly 150,000 square feet of the building into a multi-tenant technology hub, coworking and event space. The C-PACE proceeds will be used for energy efficiency, equipment, HVAC and plumbing improvements to support the data center’s cooling and electrical load. The project is slated for completion in March. Rafi Golberstein of…

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National Geospatial-Intelligence Agency Opens $1.7B Campus in St. Louis

Hayden Spiess — Thu, 22 Jan 2026 12:00:00 +0000

ST. LOUIS — The National Geospatial-Intelligence Agency (NGA) has opened its new, $1.7 billion campus in St. Louis. The development will serve as the new campus for the NGA, which is relocating from its existing facility in downtown St. Louis. Situated on a 9-acre heart in the St. Louis Place neighborhood, the N2W campus features a 700,000-square-foot office building, two multi-level parking garages, a secure visitor center, delivery inspection facility and multiple secured access points. McCarthy HITT, a joint venture led by McCarthy Building Cos., partnered with the NGA to deliver the project. McCarthy HIIT also includes HITT Contracting, Black & Veatch Special Projects Corp., Gensler and Akima LLC. A joint venture between Black & Veatch and Gensler also served as the architect-engineer of record for the development. The decision to build the new headquarters was announced in 2016, and major construction began in early 2020. According to McCarthy HIIT, N2W marks the largest federal investment in the history of St. Louis. NGA, which has maintained a significant presence in the city for seven decades, currently employs more than 3,000 local workers. — Hayden Spiess

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Palmer Square, Marquee Begin Pre-Leasing for Two Luxury Multifamily Communities in Kansas City

Kristin Harlow — Wed, 21 Jan 2026 14:29:46 +0000

KANSAS CITY, MO. — Developers Palmer Square Real Estate and Marquee Development have begun pre-leasing efforts for the first two luxury residential spaces within Current Landing, a waterfront development and mixed-use district in Kansas City. Applications for spring 2026 move-ins are now available for River’s Edge Residences and Confluence Residences. Willow Bridge Property Co. is handling property management and leasing. Current Landing is anchored by CPKC Stadium, the world’s first stadium purpose-built for a women’s professional sports team and home of the Kansas City Current. River’s Edge and Confluence offer immediate access to the Kansas City Streetcar’s new Riverfront Extension. River’s Edge places residents closer to the Missouri River than any other apartment community in Kansas City, according to the developers. The community offers a mix of studio, one- and two-bedroom residences along with a limited collection of two-story townhomes. Amenities include work-from-home spaces, a fitness center, spa, resident lounges, two amenity decks, a pool, outdoor kitchens and a putting green. Confluence offers studio, one- and two-bedroom apartments with direct access to public spaces, including Current Landing’s new town square. Amenities include a fitness center, work-from-home spaces, a clubroom, outdoor amenity deck and resort-style pool.

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HDA Completes 39,000 SF Office Renovation for KCI Construction in Metro St. Louis

Kristin Harlow — Thu, 08 Jan 2026 13:41:52 +0000

CREVE COEUR, MO. — HDA has completed a 39,000-square-foot office renovation for KCI Construction in Creve Coeur in partnership with ODA Studio. The project transformed an existing building through a comprehensive tenant infill and enhanced both interior and exterior elements of the building. The new headquarters includes amenities such as multiple conference and meeting rooms, focus rooms, a café, dedicated training room and onsite gym.

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Mia Rose Holdings Breaks Ground on $57.5M Apartment Complex in Wildwood, Missouri

Kristin Harlow — Wed, 07 Jan 2026 14:43:09 +0000

WILDWOOD, MO. — St. Louis-based developer Mia Rose Holdings LLC, in partnership with Ed Kohn and Greenberg Development Co. LLC, has broken ground on Wildwood Luxury Living. The $57.5 million project will include 188 apartment units and roughly 7,000 square feet of commercial and retail space in Wildwood, a western suburb of St. Louis. The four-story building will total 215,000 square feet. Units will come in studios, one-, two- and three-bedroom floor plans, many with private balconies. Amenities will include green spaces, a pool, fire pits, a fitness center, clubhouse and rooftop terrace. The project site is steps away from Wildwood Town Center. Completion is slated for summer 2027.

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Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

Kristin Harlow — Tue, 06 Jan 2026 13:55:40 +0000

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

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Block & Co. Arranges Sale of 100,000 SF Office Building in Kansas City

Kristin Harlow — Thu, 18 Dec 2025 13:47:41 +0000

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.

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Marcus & Millichap Negotiates $9.7M Sale of Interior Design Center of St. Louis

Kristin Harlow — Tue, 16 Dec 2025 14:25:18 +0000

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.

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EquiCap Commercial Negotiates Sales of Two Self-Storage Facilities in Suburban St. Louis

Kristin Harlow — Mon, 15 Dec 2025 14:37:43 +0000

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.

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Tarlton Begins $100M Redevelopment Project for Washington University Bioscience Hub in St. Louis

Kristin Harlow — Fri, 12 Dec 2025 14:50:15 +0000

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.

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MMG Arranges Sale of 407-Unit Apartment Community in Kansas City

Kristin Harlow — Fri, 12 Dec 2025 14:49:30 +0000

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.

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Gorrell Hughes Capital Purchases Two Multifamily Communities in Missouri

Kristin Harlow — Tue, 09 Dec 2025 13:52:58 +0000

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.

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Staenberg Group Begins Site Work for Chesterfield Mall Redevelopment in Metro St. Louis

Kristin Harlow — Fri, 05 Dec 2025 14:23:03 +0000

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.

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Subtext Acquires 259-Bed District Flats Student Housing Property in Columbia, Missouri

Kristin Harlow — Thu, 04 Dec 2025 14:10:11 +0000

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.

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MBG Underway on 151-Unit Luxury Multifamily Community in Clayton, Missouri

Kristin Harlow — Mon, 01 Dec 2025 14:58:52 +0000

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.

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Kansas City Aviation Department Selects Developer for Remaining 20 Acres at Downtown Airport

Kristin Harlow — Tue, 25 Nov 2025 14:33:42 +0000

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…

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Block & Co. Buys 510,000 SF Summit Fair Lifestyle Center in Suburban Kansas City

Kristin Harlow — Mon, 24 Nov 2025 14:04:42 +0000

LEE’S SUMMIT, MO. — Block & Co. Inc. Realtors has purchased Summit Fair, a lifestyle center in the Kansas City suburb of Lee’s Summit. Totaling roughly 510,000 square feet, the property is approximately 90 percent leased. Tenants include Dick’s Sporting Goods, H&M, Lululemon, Made in KC Marketplace, Craft Putt, Orangetheory, Pure Barre, Chick-fil-A, DSW, McAlister’s Deli, JC Penney and Missouri Furniture Mart. Sephora and LoveSac are slated to open soon at the center. Block & Co. intends to introduce community-focused events and expand the tenant mix at Summit Fair. The company now leases and manages 10 multi-tenant centers in Lee’s Summit. Zachary Albrecht and David Block of Block & Co. represented the buyers, a group of local investors including Block and Doug Compton of Lawrence, Kan. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, Arizona-based RED Development. With this sale, RED has exited the Kansas City market.

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X Caliber Structures $285M in Construction Financing for Missouri Resort Development

Kristin Harlow — Thu, 20 Nov 2025 15:13:15 +0000

OSAGE BEACH, MO. — X Caliber Capital Holdings LLC has structured a $285 million Rural PACE-X financing for the ground-up construction and redevelopment of the Oasis at Lakeport in Osage Beach. The resort and entertainment project has a total cost of $495 million. Plans call for a Marriott hotel with 402 rooms, a conference center, indoor waterpark, amusement park and various amenities. The $285 million financing consists of $220 million of conventional senior-secured debt through an affiliate of X-Caliber Rural Capital, XRL-ALC LLC, and $65 million of Commercial Property Assessed Clean Energy (C-PACE) financing through CastleGreen Finance. The financing marks X-Caliber’s largest Rural PACE-X transaction closed to date since the product launched in late 2024. Rural PACE-X is a proprietary financing solution that provides high-leverage financing for ground-up construction projects in micro-rural areas. The C-PACE financing is the largest to date for the state of Missouri and for CastleGreen Finance, according to X-Caliber. Gregg Delany, Ken Lorman and Gabe Mashaal of X-Caliber Advisors originated and structured the financing on behalf of Tegethoff Development Co. The project’s energy-efficiency design is estimated to save around $11 million in costs over the lifetime of the improvements. The Oasis at Lakeport is expected to…

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Midwest Office Markets Face Mounting Pressure

Kristin Harlow — Thu, 20 Nov 2025 13:30:00 +0000

By David Goldfisher, The Henley Group Secondary and tertiary office markets across the Midwest, including Chicago, Minneapolis, Madison, Milwaukee, Cleveland, Cincinnati, Columbus and St. Louis, are facing mounting pressure. While each city has its own challenges, a common theme is clear — vacancies remain high and liquidity is thin. Tenant shuffling One of the defining dynamics today is tenant reshuffling rather than net growth. As leases expire, employers frequently move from one building to another, seeking modernized space and stronger amenities. Renovating in place is disruptive and costly, while relocating allows businesses to upgrade with minimal operational downtime. This “musical chairs” effect highlights a deeper structural issue. There are only so many large anchor tenants in Midwest cities and few new entrants are seeking major blocks of space. There is more repositioning for existing tenants than attracting new ones. Flight to quality Landlords and developers are competing to deliver amenities that encourage office attendance and support talent retention. Modernized lobbies, tenant lounges and flexible collaboration areas have become standard expectations. Hines’ upgrades at Chicago’s 333 West Wacker Drive and 601W Cos.’ reinvestment in the Old Post Office demonstrate the scale of investment required. But not all landlords can compete. With…

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