KANSAS CITY, MO. — Hunter Hotel Advisors has negotiated the sale of the Fairfield Inn & Suites Kansas City Downtown Union Hill for an undisclosed price. Located in Kansas City’s Union Hill neighborhood, the 115-room hotel is within walking distance of the Federal Reserve Bank of Kansas City and one mile from Union Station. Lee Hunter and Spencer Davidson of Hunter brokered the sale. True North Hotel Group sold the property to an institutional buyer.
ROLLA, MO. — Marcus & Millichap has arranged the sale of a 221-unit self-storage facility in Rolla, a Missouri city located about midway between Springfield and St. Louis. The sales price was undisclosed. The property includes non-climate-controlled units along with one 400-square-foot office space and eight parking stalls. The facility is 93 percent leased. Marla Čolić and Anne Williams of Marcus & Millichap represented the seller, a limited liability company. A private equity group with storage holdings across the U.S. was the buyer.
CREVE COEUR, MO. — Western Specialty Contractors is completing the final phases of restoration work on the parking garage at CityPlace Four, a 103,000-square-foot office building in the western St. Louis suburb of Creve Coeur. Constructed in 2001, the four-story office building features a 339-space parking garage. A lack of maintenance, poor drainage and leaking planter boxes on the garage’s street-level concrete topping slab and a suspended deck had resulted in severe deterioration and water seepage into a parking area below. The garage has remained open during the multi-phase project. Phase III, which focuses on the garage’s southwest corner, will be completed this year. Phase IV on the northwest corner will be completed next year. ABS Consulting is the project engineer.
CHESTERFIELD, MO. — Keystone Construction Co. has broken ground on a $6 million flex industrial building within Spirit Valley Business Park in Chesterfield, a western suburb of St. Louis. The 40,000-square-foot building can accommodate one to four tenants and a range of uses such as warehouse, office, manufacturing and showroom space. Located at 675 Spirit Valley West Drive, the project will feature four separate entrances, a ramped drive-in, overhead dock doors, a 142-foot truck court and floor-to-ceiling heights ranging from 24 to 27 feet. Completion is slated for June. Spirit Valley Business Park is situated next to the Spirit of St. Louis Airport. Keystone built the infrastructure for the park in 2008 and has since constructed 10 buildings.
CREVE COEUR, MO. — Election technology firm KNOWiNK has opened its new office headquarters in the St. Louis suburb of Creve Coeur. The office project was a renovation of the former American Heart Association building at 460 N. Lindbergh Blvd. KNOWiNK employs 154 people, with 60 employees based in St. Louis. The company’s national voting technology currently serves more than 1,700 election jurisdictions in 36 states and Washington, D.C., accounting for more than 50 percent of registered voters in the U.S. Designed by Remiger Design and built by ISC Contracting, the two-story headquarters features a collaborative open office space. The main level features private offices and huddle rooms, as well as space for sales and marketing, product development, quality control and client training. The lower level includes a game room, break room, town hall gathering space for company-wide meetings, a professional services and customer support office and a small warehouse. There is also an outdoor deck for company functions. The new office is triple the size of KNOWiNK’s existing office in St. Louis.
WENTZVILLE, MO. — Marcus & Millichap has negotiated the $3.5 million sale of a 14,213-square-foot medical office building in Wentzville, a far west suburb of St. Louis. Schroeder Creek Dental is the anchor tenant at the property, which is located at 1000 Schroeder Creek Blvd. Other tenants include an endodontics center, an orthopedic group and an oral maxillofacial and implant surgery center. Alec Coronado of Marcus & Millichap represented the seller, a limited liability company. Buyer information was not provided.
OSAGE BEACH, MO. — SkyView Partners and Tegethoff Development, along with Fred Ross, owner of Big Thunder Marine, are set to begin construction this summer on Oasis at Lakeport in Osage Beach within Missouri’s Lake of the Ozarks. The $350 million family resort and entertainment district will span 25 acres. The development team most recently announced an agreement with Marriott International for the construction of a 400-room, full-service Marriott Hotels property as part of the project. The hotel, to be managed by Texas-based Aimbridge Hospitality, will feature a 26,000-square-foot conference center, full-service spa, outdoor pool, fitness center, pickleball courts and restaurants. The hotel will be located adjacent to a 50,000-square-foot, fully enclosed waterpark to be constructed by OpenAire. American Resort Management will operate the waterpark. Construction of both the hotel and waterpark is slated for completion in 2026. An amusement park and 1,000-space parking garage are scheduled to open in summer 2024. Amusement offerings will include roller coasters, thrill rides and family rides, as well as a 200-foot-tall observation wheel. Oasis at Lakeport is being developed along the Lakeport property acquired by Big Thunder Marine in 2021. Big Thunder Marine is a boat dealer in Lake of the Ozarks. The …
CREVE COEUR, MO. — Brinkmann Constructors has broken ground on the new office headquarters for First Bank in Creve Coeur, a western suburb of St. Louis. The project consists of two office buildings totaling 169,000 square feet as well as a retail bank branch. First Bank’s original headquarters, built in 1967, was demolished in order to make space for the new headquarters. Completion is slated for spring 2024. The project team includes Lamar Johnson Collaborative, IMEG Corp., CEDC Civil Engineering Design Consultants and Cobalt Construction Consulting.
KANSAS AND MISSOURI — Hanley Investment Group Real Estate Advisors has arranged the sales of 10 retail properties occupied by Valvoline for a combined $17.3 million. The net-leased buildings sold to 10 separate buyers. Hanley, in association with Kansas City-based Ferguson Properties, represented the seller, an Arizona-based private investor, in nine of the 10 transactions. Hanley, in association with ParaSell Inc., represented a different seller in the 10th transaction for an asset in Kansas City. That seller was a private investor based in Kansas City.
KANSAS CITY, MO. — The Cordish Cos. has topped out Three Light Luxury Apartments in Kansas City’s Power & Light District. JE Dunn Construction Co. is the general contractor. Located at the corner of Truman Road and Main Street, Three Light rises 25 stories and sits directly on the KC Streetcar Line. The $140 million project will include a seven-story parking garage with 472 spaces as well as 7,600 square feet of ground-floor retail space. Three Light will feature more than 30,000 square feet of amenity space, including an eighth-floor outdoor terrace with an infinity-edge pool, clubroom, party room, entertainment kitchen, theater room, game room, business center, fitness center, coworking spaces, dog washing station, concierge services and laundry services. Three Light is slated for completion this fall. Nearly 20 percent of the units have been leased so far. Three Light follows previous multifamily projects, One Light and Two Light.
