Missouri

CA Ventures, White Oak Open 250-Unit Luxury Apartment Complex in Suburban St. Louis

by Kristin Harlow July 18, 2017

CLAYTON, MO. — CA Ventures and White Oak Realty Partners have opened Two Twelve Clayton, a 250-unit luxury apartment complex in Clayton, a western suburb of St. Louis. The 26-story building is located at 212 S. Meramec Ave. Two Twelve includes studio, one-, two- and three-bedroom units ranging from 592 to 1,366 square feet. Monthly rents start at $1,706 and rise to $4,415 for the largest units. The property features 9,300 square feet of amenity space, including a rooftop deck with a resort-inspired pool, fire pit and outdoor dining area with grills, fitness center, yoga studio and resident lounge. First move-ins began earlier this month. The Habitat Co. is managing the property and overseeing leasing.

July 18, 2017

Midwest Missouri Mixed-Use

Alterra Worldwide Purchases Jefferson Arms Building in St. Louis, Plans $104M Renovation

by Kristin Harlow July 13, 2017

ST. LOUIS — Alterra Worldwide has purchased the historic Jefferson Arms building located at 401-415 N. Tucker Blvd. in downtown St. Louis. The company has also unveiled a $104 million renovation plan, which includes 240 apartments, a 220-room AC Marriott-branded hotel and commercial space with restaurants, retail and offices. Built in 1904 in anticipation of the first World’s Fair, the 520,000-square-foot Jefferson Arms development is a short walk from the Cardinals’ Busch Stadium, America’s Center Convention Complex, Keiner Plaza and the historic, newly renovated Arch Grounds. Amenities at the apartments will include a fitness and yoga studio, art room, music room, cinema room, karaoke room, community room, tanning salon and business center. Numerous floor plans will accommodate a variety of needs. The 18,603 square feet of commercial space located on the first floor will feature retail and restaurant space. The three restaurants include a motorcycle-inspired cafe called Motopia Café, a French and Belgian bistro called Mademoiselle Colette Brasserie, as well as George & Eddie’s Diner, serving classic comfort foods such as burgers, milkshakes and homemade pies. Additionally, the existing ballroom will be converted into a creative office space. Aimbridge Hospitality will operate the hotel and Merriman Anderson Architects will serve as …

July 13, 2017

Midwest Missouri Multifamily Seniors Housing

IMPACT Strategies Completes $17.5M Seniors Housing Community in St. Charles, Missouri

by Kristin Harlow July 6, 2017

ST. CHARLES, MO. — IMPACT Strategies has completed Cedarhust of St. Charles, a $17.5 million seniors housing community in St. Charles. The 100-unit assisted living and memory care community is part of University Commons, a mixed-use development directly across from Lindenwood University. IMPACT served as construction manager for the 99,999-square-foot project. Dover Development was the developer. Cedarhurst’s proximity to Lindenwood University makes it the first seniors housing community in the St. Louis region to strategically locate on or near a university campus, according to IMPACT.

July 6, 2017

Midwest Missouri Mixed-Use

IFS Installs $3.2M Plumbing System for Mixed-Use Development in Kansas City, Missouri

by Kristin Harlow June 28, 2017

KANSAS CITY, MO. — Integrated Facility Services (IFS) has installed a $3.2 million plumbing system for the 51st and Oak mixed-use development in Kansas City. The eight-story, 325,000-square-foot complex includes 170 luxury apartments, a clubhouse and fitness center, student health center, Whole Foods grocery store and parking garage on a nearly three-acre site. IFS participated early in the design process, which featured virtual design and construction planning and building information modeling technology. Van Trust Real Estate is the developer, HOK is the architect and The Weitz Co. is the general contractor for the $40 million project, which is slated for completion in December.

June 28, 2017

Hospitality Midwest Missouri

Mumford Co. Arranges Sale of 62-Room Hotel in West Plains, Missouri

by Kristin Harlow June 27, 2017

WEST PLAINS, MO. — Mumford Co. has arranged the sale of a 62-room Ozark Hills Inn in West Plains, located in southern Missouri. The sales price was not disclosed. The property, located at 1605 Imperial Road, features a swimming pool and outside picnic area. George Arvanitis of Mumford Co. represented the seller, a local hotel and commercial real estate owner/developer, and procured the buyer, a Missouri-based hotel owner. The buyer plans to operate the hotel as a Baymont Inn under the Wyndham brand.

June 27, 2017

Hospitality Midwest Missouri

Cushman & Wakefield Arranges $87.8M Sale of Historic Hotel in St. Louis

by Kristin Harlow June 22, 2017

ST. LOUIS — Cushman & Wakefield has arranged the sale of the Chase Park Plaza Hotel in St. Louis for $87.8 million. Behringer Harvard Opportunity REIT I sold the hotel to Hospitality Properties Trust (Nasdaq: HPT). Sonesta International Hotels Corp. will operate the hotel under its new name, Chase Park Plaza Royal Sonesta Hotel. Built over 90 years ago, the historic hotel features 338 guest rooms and suites, 51 furnished executive apartments and retail space.

June 22, 2017

Midwest Missouri Retail

Block & Co. Arranges Sale of 7,670 SF Shopping Center in Kansas City, Missouri

by Kristin Harlow June 22, 2017

KANSAS CITY, MO. — Block & Co. Inc. Realtors has arranged the sale of Sherrydale Shopping Center in Kansas City for an undisclosed price. The 7,670-square-foot retail center is located on 1.3 acres at the southwest corner of 152 Highway and North Oak Trafficway. David M. Block and Jody Minder of Block & Co. arranged the sale on behalf of the sellers, Top 29 Sherydale LLC and North 152 Partners LLC. Rubenstein Real Estate Co. LLC represented the undisclosed buyer.

June 22, 2017

Industrial Midwest Missouri

Hilliker Corp. Brokers Sale of 132,000 SF Warehouse Building in St. Louis

by Kristin Harlow June 19, 2017

ST. LOUIS — Hilliker Corp. has brokered the sale of a 132,000-square-foot warehouse building in St. Louis. The sales price was not disclosed. Serioplast purchased the building with plans to convert it into a plastic bottle manufacturing plant. This will be the company’s first location in North America. Production is expected to begin in the first quarter of 2018. The building is located at 4400 Planned Industrial Drive near I-70. Chris Taff of Hilliker Corp. represented both Serioplast and the seller, Lineage Warehousing.

June 19, 2017

Midwest Missouri Multifamily

Berkadia Brokers Sale of 528-Unit Multifamily Property in Maryland Heights, Missouri

by Kristin Harlow June 16, 2017

MARYLAND HEIGHTS, MO. — Berkadia has brokered the sale of Pheasant Run in Maryland Heights, a suburb of St. Louis. The sales price was not disclosed. The 528-unit multifamily property is located at 12302 Inletridge Drive. The building features one- and two-bedroom apartment-style units, as well as two- and three-bedroom townhomes. Amenities include two swimming pools with sundecks, a walking trail, fitness center, indoor basketball and tennis courts and a children’s play area. Ken Aston and Andrea Kendrick of Berkadia arranged the sale on behalf of the seller, Lipton Group.

June 16, 2017

Midwest Missouri Office

Newmark Grubb Zimmer Brokers Sale of 26,000 SF Office Building in Lee’s Summit, Missouri

by Kristin Harlow June 13, 2017

LEE’S SUMMIT, MO. — Newmark Grubb Zimmer has brokered the sale of a 26,000-square-foot office building in Lee’s Summit, about 20 miles southeast of Kansas City. The sales price was not disclosed. Once fully occupied by Lafarge North America, the building is now home to nine tenants including American Family Insurance. Susan Smith, Michael VanBuskirk and Chris Robertson of Newmark Grubb Zimmer represented the seller, Jefferson Commons LLLP. A private investor was the buyer.

June 13, 2017

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