Missouri

Trammell Crow Breaks Ground on 432,640 SF Distribution Center in Kansas City, Mo.

by Jonathan Mehall July 30, 2015

KANSAS CITY, MO. — Trammell Crow Co. (TCC), in partnership with Clarion Partners, has broken ground on a 432,640-square-foot distribution center on a speculative basis at the KCI Intermodal Business Centre. LogisticsCentre IV will consist of light manufacturing, warehouse and distribution space situated on approximately 26 acres. According to Trammell Crow, demand for industrial space in the Kansas City metro area continues to be driven by a strong automotive manufacturing commitment from General Motors Co. and Ford Motor Co., plus significant investments in rail intermodal facilities. The total cost of the development is projected to exceed $216 million. The project, which is slated for completion in March 2016, is located at the crossroads of I-29 and I-435.

July 30, 2015

Industrial Midwest Missouri Mixed-Use

Wiegmann Associates Begins Construction at Aviator Business Park in Hazelwood, Mo.

by Jonathan Mehall July 29, 2015

HAZELWOOD, MO. — Wiegmann Associates has begun construction of an $800,000 tenant build-out at Aviator Business Park in Hazelwood, 17 miles northwest of St. Louis. Project details include installing a mechanical system infrastructure for the 535,000-square-foot space at Lot #7 that will house Silgan Plastics’ St. Louis production facility, a Weekends Only storage warehouse, and a shell warehouse. Wiegmann is also installing the HVAC system for a 75,000 square-foot shell warehouse at Lot #3. Construction is scheduled for completion in December 2015. The general contractor is Kadean Construction Company. Aviator Business Park is a 155-acre development located one mile north of Lambert-St. Louis International Airport on the site of the former Ford Hazelwood Assembly Plant. The business park houses commercial, industrial and warehousing tenants.

July 29, 2015

Healthcare Midwest Missouri

McGrath Begins $6.5M Expansion of New Energy Center at Des Peres Hospital in St. Louis

by Jonathan Mehall July 27, 2015

ST. LOUIS — McGrath & Associates has begun construction on a $6.5 million energy center expansion at Des Peres Hospital in St. Louis. The architect for the project is ACI Bolland Architects. The 3,475-square-foot expansion is expected to increase capacity and reliability of the hospital’s heating, cooling and emergency power systems. The expanded center will house a new chiller, boilers, switchgear, and automatic transfer switches. A new cooling tower and fuel tanks will be installed adjacent to the expansion. When completed, the Des Peres Hospital energy center will total 8,875 square feet. The project will be completed in phases to allow the hospital and its heating, cooling and emergency power systems to remain fully operational throughout construction, which is scheduled for completion in the spring of 2016.

July 27, 2015

Civic Midwest Missouri

KWAME to Manage $5.7M Firehouse Construction Project in North St. Louis County

by Jonathan Mehall July 17, 2015

BEVERLY HILLS, MO. — Kwame Building Group Inc. (KWAME) is serving as project manager for a new $5.7 million firehouse, located at 7100 Natural Bridge Road in Beverly Hills, a city in St. Louis County. The Northeast Ambulance and Fire Protection District (NEAFPD) has contracted with KWAME on the project. The architect is JEMA. The 27,500-square-foot, two-story brick and stone firehouse will include five vehicle bays and a two-story structure for the District headquarters office. The facility will also house training and community classroom space. Built to resist seismic and high-wind events, the facility will serve as a natural disaster relief center for local residents. An employee-owned company, St. Louis-based KWAME provides estimating, scheduling, project planning, value engineering and other project management services as an independent advocate for owners and developers.

July 17, 2015

Midwest Missouri Mixed-Use

Opus Group Completes Construction of Mixed-Use Development in Kansas City, Mo.

by Jonathan Mehall July 15, 2015

KANSAS CITY, MO. — The Opus Group has completed construction on 51 Main, a mixed-use development in Kansas City’s South Plaza neighborhood. The six-story building includes 176 apartment units and 8,500 square feet of ground-level retail space. Owned by VanTrust Real Estate-related entities, 51 Main includes 345 onsite parking spaces, a clubhouse and courtyard, which includes an infinity pool, grilling area and cabana. 51 Main offers more than 50 unique unit configurations, ranging from studios to one- and two-bedroom units, some with additional study spaces. Construction began in January 2013 and the first residents moved into the building in February of this year. Opus Design Build LLC was the design-builder for the project, and Opus AE Group LLC was the architect and engineer of record.

July 15, 2015

Industrial Midwest Missouri

Hilliker Corp. Arranges 5,250 SF Lease in Chesterfield, Mo.

by Jonathan Mehall July 9, 2015

CHESTERFIELD, MO. — St. Louis-based Hilliker Corp. has arranged a 5,250-square-foot lease for B&G Industries, a material handling solution provider. The company relocated to 717 Crown Industrial Court from 744 Spirit of St. Louis Blvd. in Chesterfield. The new location offers 1,500 square feet of office space and 3,750 square feet of warehouse storage space. Will Aschinger of Hilliker represented the tenant, while Scott Properties represented the landlord, Scott Family Properties, in the transaction.

July 9, 2015

Industrial Midwest Missouri

Hilliker Corp. Arranges 5,250 SF Lease in Chesterfield, Mo.

by Amy Works July 6, 2015

July 6, 2015

Loans Midwest Missouri Office

NorthMarq Capital Secures $10.5M Loan for St. Louis Office Building

by Amy Works June 30, 2015

ST. LOUIS — NorthMarq Capital has secured $10.5 million for the refinancing of Center 40 Office Building in St. Louis. Located at 1600 Brentwood Blvd., the property offers 105,750 square feet of office space. Jeffrey Chaney of NorthMarq’s St. Louis office arranged the loan, which features a 15-year fixed rate on a 25-year amortization schedule, through NorthMarq’s correspondent relationship with a life insurance company.

June 30, 2015

Loans Midwest Missouri Multifamily Seniors Housing

NorthMarq Capital Secures $15M Refinancing for Seniors Housing Community in Missouri

by Amy Works June 25, 2015

BELTON, MO. — NorthMarq Capital has arranged $15 million in refinancing for Carnegie Village Senior Living Community in Belton. Located at 103 Bernard Drive, the property features 204 assisted, independent and memory care units. Greg Duvall of NorthMarq arranged the seven-year loan, which features a 30-year amortization schedule, through NorthMarq’s seller-servicer relationship with Freddie Mac.

June 25, 2015

Whispering-Lake-Apartments-Kansas-City-MO

Midwest Missouri Multifamily

MMA Capital Management Sells 384-Unit Multifamily Property in Kansas City, Mo.

by Amy Works June 24, 2015

KANSAS CITY, MO. — Baltimore-based MMA Capital Management has completed the sale of Whispering Lake Apartments, a 384-unit multifamily property located in Kansas City. El Dorado Hills, Calif.-based L5 Investments purchased the property with an $11.7 million acquisition loan arranged by Grandbridge Real Estate Capital. Developed in 1989, the 384-unit, garden-style multifamily property features one- and two-bedroom units with balconies or patios. On-site amenities include a swimming pool, clubhouse with lake views, newly remodeled fitness center, outdoor grilling area and an 18-acre lake with fishing dock. Brett Meinzer, Michael Sullivan, Grant Kollman, Alex Blagojevich, David Gaines of Marcus & Millichap represented the seller in the transaction. Paul Harbor of Grandbridge originated the 10-year loan, which features a 30-year amortization schedule and three years of interest-only payments. The financing was arranged through Freddie Mac.

June 24, 2015

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