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Missouri

DevelopmentHospitalityMidwestMissouri

207-Room AC Hotel Clayton Debuts in Suburban St. Louis

by Kristin Harlow

CLAYTON, MO. — Koplar Properties, Homebase Partners, Eagle Realty and Concord Hospitality Enterprises have opened the AC Hotel Clayton in the St. Louis suburb of Clayton. The $50 million project rises 11 stories with 207 rooms. The property features the AC Lounge and AC Kitchen along with High Bar Clayton, the area’s first rooftop bar. Concord Hospitality Enterprises manages the property. The project was built on the site of the former headquarters of the Clayton Police Department at 227 S. Central Ave. The city began seeking a way to repurpose the site in 2011. The hotel was proposed in 2018, and Midas Construction broke ground on the property in September 2022. Designed by DLR Group, the property features a fitness center and 3,000 square feet of top-floor meeting space.  

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IndustrialLeasing ActivityMidwestMissouri

ANSCO Signs 43,000 SF Industrial Lease in St. Louis

by Kristin Harlow

ST. LOUIS — ANSCO & Associates LLC has signed a 43,000-square-foot industrial lease at 8801 Seeger Industrial Drive in St. Louis. The national telecommunications company offers comprehensive telecom services from system conceptualization to turnkey construction. Bruce Harper of Trinity Partners represented the tenant. The landlord was undisclosed.

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AcquisitionsMidwestMissouriMultifamilyStudent Housing

Preiss Co. Acquires 972-Bed Student Housing Community Near University of Missouri

by Kristin Harlow

COLUMBIA, MO. — A joint venture between The Preiss Co. and a private equity real estate fund advised by Crow Holdings Capital has acquired Elevate 231, a 972-bed student housing community located near the University of Missouri campus in Columbia. The development, which has been rebranded The Collective at Columbia, offers 318 cottage-style units in two- through four-bedroom configurations. Shared amenities at the 50-acre property include a newly renovated clubhouse, resort-style swimming pool, dog park, sand volleyball court and outdoor grilling and cornhole areas. The community was fully occupied at the time of sale. The new ownership plans to launch a comprehensive interior renovation for approximately half of the units imminently. Upgrades will include the installation of new cabinets, countertops, lighting and flooring, as well as the addition of modern furniture packages and smart home technology. Ben Roelke and Ian Walker of Newmark arranged $47.5 million in acquisition financing. An undisclosed life insurance company provided the five-year loan, which features a fixed interest rate of 5.56 percent and interest-only payments for the full term. Aspen Square Management was the seller.

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AcquisitionsMidwestMissouriRetail

STRIVE Brokers Sale of 45,260 SF Retail Center in Harrisonville, Missouri

by Kristin Harlow

HARRISONVILLE, MO. — STRIVE has brokered the sale of Harrisonville Crossing, a 45,260-square-foot retail center in Harrisonville, a southern suburb of Kansas City. The sales price was undisclosed. The property, located off Route 291, is 82 percent leased. Hudson Lambert of STRIVE represented the seller, a California-based investor, and procured the buyer, a Pennsylvnia-based investor.

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AcquisitionsMidwestMissouriMultifamily

Northmarq Negotiates Sale of 212-Unit Westpark Multifamily Property in St. Louis

by Kristin Harlow

ST. LOUIS — Northmarq has negotiated the sale of Westpark Apartment & Townhomes, a 212-unit garden-style multifamily property in St. Louis. Located at 11409 Tivoli Lane, the community was largely built between 1996 and 2006 with a portion developed in 1969. Units range from 800 to more than 2,000 square feet. Amenities include a pool, fitness center, playground and basketball court. Dominic Martinez, Parker Stewart, Charlie McKee and Alex Malzone of Northmarq represented the seller, a locally based private investor, and the buyer, a national owner/operator of multifamily properties.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

New Perspective Opens 136-Unit Senior Living Community in Weldon Spring, Missouri

by Kristin Harlow

WELDON SPRING, MO. — New Perspective and Boldt Real Estate have opened New Perspective Weldon Spring, a 136-unit senior living community in the western St. Louis suburb of Weldon Spring. Located at 400 Siedentop Road, the property features independent living, assisted living and memory care units in studio, one-bedroom and two-bedroom layouts. Amenities include a formal dining room, café, fitness center, chapel and activity spaces. The community also offers artificial intelligence-driven fall detection technology SafelyYou, life and activity programming by LifeLoop, in-house therapy services from Fox Rehabilitation and a partnership with Curana Health to bring resident-centered care. The property is situated next to Persimmons Golf Club and near Progress West Hospital.

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AcquisitionsMidwestMissouri

Gantry Expands Midwest Footprint with Acquisition of Q10 | Triad Capital Advisors

by Kristin Harlow

KANSAS CITY AND ST. LOUIS — Gantry Inc., a full-service commercial mortgage banking firm based in San Francisco, has acquired Q10 | Triad Capital Advisors Inc., a member of Q10 Capital LLC. The transaction expands Gantry’s servicing portfolio by over $1.5 billion, growing its total servicing portfolio to $20 billion. Mark Reichter and Joe Monteleone, principals of Triad Capital Advisors, will hold an equity stake in the newly expanded Gantry. The transaction ensures continuity for Triad employees. Established in 1990, Triad maintains offices in both Kansas City and St. Louis. Going forward, Triad will operate under the Gantry name. Michael Heagerty, George Mitsanas, Robert Slatt and Jeff Wilcox led the Gantry acquisition team.

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Leasing ActivityMidwestMissouriOffice

Henderson Opens New Office in Downtown St. Louis

by Kristin Harlow

ST. LOUIS — Henderson Cos., the parent company of Henderson Engineers and Henderson Building Solutions, has opened an office in downtown St. Louis, establishing the company’s 14th office location. The office is situated in The PwC Pennant Building within Ballpark Village. Founded in 1970, Henderson specializes in building systems design as well as design-build construction management and commissioning. The company has worked on projects in the St. Louis area since 1979, including buildings for national brands such as Shake Shack, Tiffany & Co., Verizon and Walmart, as well as standalone developments like the ongoing SSM Health Cardinal Glennon Children’s Hospital. The company has 1,000 employees nationwide.

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DevelopmentMidwestMissouriMultifamily

Brinkmann Constructors Breaks Ground on 74 Broadway Apartment Complex in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Brinkmann Constructors, in partnership with EPC Real Estate Group, has broken ground on 74 Broadway, a 280-unit apartment complex in Kansas City. Situated in the Waldo neighborhood, the 440,000-square-foot project will feature a clubhouse, six-story parking garage and ground-floor retail space. BRR Architecture is the project architect. A timeline for completion was not provided.

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DevelopmentMidwestMissouriMultifamily

Subtext to Develop 259-Unit Apartment Complex in Suburban St. Louis

by Kristin Harlow

UNIVERSITY CITY, MO. — Subtext, in partnership with Larson Capital Management, has acquired nearly two acres at 6650 Delmar Blvd. in the St. Louis suburb of University City for the development of LOCAL on Delmar. The five-story, 259-unit apartment complex will be situated in the city’s Delmar Loop entertainment district just north of Washington University in St. Louis. Construction is slated for completion in summer 2026. LOCAL on Delmar will offer a mix of studio, one-, two- and three-bedroom layouts, including townhomes. There will also be 399 parking spaces in an attached five-story garage and more than 7,000 square feet of shared amenity spaces, including a work-from-home hub, wellness suite, gym, yoga studio, pool terrace and clubroom. The project team includes ESG Architecture & Design, Brinkmann Constructors and Stock and Associates Consulting Engineers Inc. First Mid Bank & Trust is the lender.

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