Missouri

Cullinan Properties Unveils Tenant Openings at Streets of St. Charles Near St. Louis

by Kristin Harlow March 19, 2019

ST. CHARLES, MO. — Several new retail tenants are slated to open this spring and summer at The Streets of St. Charles, a mixed-use community near St. Louis owned and managed by Cullinan Properties Ltd. Cherry Blow Dry Bar opened on Wednesday, March 6. Next on the list is Play Street Museum, an interactive play environment set to open on Monday, March 25. Also scheduled to open this spring and summer are Narwhal’s Crafted, a frozen cocktail bar, and YogaSix. Cullinan Properties previously announced the addition of Elekta as the newest office tenant. The Streets of St. Charles is a 27-acre mixed-use development.

March 19, 2019

Acquisitions Midwest Missouri Multifamily

Berkadia Arranges Sale of 141-Unit Apartment Property in Kansas City

by Kristin Harlow March 15, 2019

KANSAS CITY, MO. — Berkadia has arranged the sale of The Landings at River Market, a 141-unit apartment property in Kansas City. The sales price was not disclosed. Located at 213 Delaware St., the property is comprised of three historic buildings known as Askew Saddlery, Volker Place and Pacific House. The buildings were originally constructed for industrial use in the mid-to-late 1800s and were transformed to residential use in the 1990s. Michael Sullivan, Brett Meinzer and Alex Blagojevich of Berkadia brokered the transaction. A joint venture between Artemis Real Estate Partners and CRES Management LLC sold the asset to California-based Canyon View Capital.

March 15, 2019

Development Midwest Missouri Mixed-Use

Saint Louis University Taps Cullinan Properties to Develop 14-Acre Site

by Kristin Harlow March 14, 2019

ST. LOUIS — Saint Louis University (SLU) has selected Cullinan Properties to develop a 14-acre site at the corner of Grand Boulevard and Chouteau Avenue in midtown St. Louis. The site will house an 850,000-square-foot mixed-use development adjacent to SSM Health Saint Louis University Hospital, which is under construction and slated for completion in spring 2020. The mixed-use development will connect SLU’s north and south campuses and will include retail, entertainment, restaurant, office and hotel space. Cullinan Properties is partnering with BatesForum and Clayco for design-build services. Stock & Associates Consulting Engineers Inc. will handle civil engineering services. Jim Loft, Carrie Hermann and Justin Moses of Colliers International have been selected to lead the office leasing while Patty Kueneke and Kathleen Cullinan Brill of Cullinan Properties will handle all other leasing inquiries. A timeline for construction was not disclosed.

March 14, 2019

Acquisitions Industrial Midwest Missouri

Newmark Grubb Zimmer Brokers Sale of 499,144 SF Industrial Building Near Kansas City

by Kristin Harlow March 5, 2019

GRANDVIEW, MO. — Newmark Grubb Zimmer has arranged the sale of a 499,144-square-foot industrial building in Grandview, about 16 miles south of Kansas City. The sales price was not disclosed. The multi-tenant property is located at 14100 Botts Road. Winco Fireworks, Church & Dwight and Caravan Ingredients fully occupy the building. Michael VanBuskirk, Mark Long and Chris Robertson of NGZ brokered the transaction. SRRT Properties LP purchased the property from Botts Road Investment LLC.

March 5, 2019

Loans Midwest Missouri Multifamily

NorthMarq Arranges $1.6M Refinancing for Apartment Building in St. Louis

by Kristin Harlow March 5, 2019

ST. LOUIS — NorthMarq Capital has arranged a $1.6 million loan for the refinancing of SOHA Lofts in St. Louis. The apartment building features 15 units. Dan Baker of NorthMarq arranged the 10-year loan, which features a 30-year amortization schedule. Ready Capital provided the loan.

March 5, 2019

Acquisitions Midwest Missouri Office

Stan Johnson Co. Brokers $11.7M Sale of Office Center in Kansas City

by Kristin Harlow March 5, 2019

KANSAS CITY, MO. — Stan Johnson Co. has brokered the sale of Prairie View Business Center in Kansas City for $11.7 million. The 109,089-square-foot office center is 97 percent occupied by five tenants, including the U.S. Military Entrance Processing Station for Kansas City, which leases approximately half of the building’s rentable area. The facility sits on 12.2 acres and is comprised of two buildings that were constructed in 1993. Scott Briggs of Stan Johnson represented the sellers, Prairie View Business Center LLC and Prias Prairie View LLC. Briggs also represented the buyer, Chicago-based Boyd Kansas City II LLC.

March 5, 2019

StorTropolis-Brighton-Self-Storage-Kansas-City

Development Midwest Missouri

Hunt Midwest Enters Self-Storage Business With Four New Developments in Greater Kansas City

by Taylor Williams March 1, 2019

KANSAS CITY — Hunt Midwest Real Estate Development Inc. is expanding into the self-storage market with the development of four StorTropolis climate-controlled facilities in the Kansas City metro area. Two of the four locations opened in the fourth quarter of 2018. The first location is StorTropolis Shawnee, a climate-controlled self-storage facility with 580 units and 30 enclosed units sized for boats or recreational vehicles (RVs) at the intersection of Shawnee Mission Parkway and Martindale Road in Shawnee, Kan. StorTropolis Brighton, which is located at the northwest corner of Brighton Avenue and Missouri Highway 152 in Kansas City, Mo., has also opened its doors with 681 climate-controlled units and 15 enclosed RV units. A third location, StorTropolis Tiffany Springs, will open in early summer at the northeast corner of Missouri Highway 152 and Interstate 29 in Kansas City, Mo. The developer plans to break ground on the fourth facility, StorTropolis Blue Springs in Blue Springs, Mo., this summer with an opening set for 2020. Hunt Midwest is developing StorTropolis in partnership with Strickland Construction and Attic Storage. The fast-growing self-storage real estate market is evolving toward fully enclosed, climate-controlled units and StorTropolis provides high-tech security and state-of-the-art units expected by today’s customer, according to Ora Reynolds, …

March 1, 2019

Development Industrial Midwest Missouri

US Capital Development Breaks Ground on $32M Build-to-Suit for Leonardo DRS in Bridgeton, Missouri

by Kristin Harlow February 25, 2019

BRIDGETON, MO. — US Capital Development has broken ground on an engineering and light manufacturing facility for Leonardo DRS Inc. in Bridgeton. The $32 million build-to-suit project will accommodate the company’s growing land systems line of business. The company is a defense contractor that integrates a wide range of systems for the U.S. Army, Air Force and Marine Corps. This includes a variety of systems in ground vehicles, including recon and surveillance, mission support, vehicle survivability and lethality. Brinkmann Constructors is serving as the general contractor for the 171,500-square-foot facility. Completion is slated for early 2020.

February 25, 2019

Acquisitions Midwest Missouri Retail

Rainier Realty Investments Acquires 308,200 SF Retail Center in Metro Kansas City

by Kristin Harlow February 22, 2019

GRANDVIEW, MO. — Rainier Realty Investments LP, along with institutional investor CIL2 REIT LLC, has acquired Truman’s Marketplace, a 308,200-square-foot retail center in Grandview near Kansas City. The property is 98 percent leased by tenants such as Ross Dress for Less, TJ Maxx, Burlington, Petco and Price Chopper. Metropolitan Capital Advisors arranged acquisition financing. CIL2 is managed by Continuum Investments LLC. This is the sixth retail acquisition for Rainier and CIL2 in the past 20 months.

February 22, 2019

Development Industrial Midwest Missouri

ThermAvant Technologies to Open 33,000 SF Industrial Facility in Columbia, Missouri

by Kristin Harlow February 21, 2019

COLUMBIA, MO. — ThermAvant Technologies is set to open a 33,000-square-foot facility in Columbia in May. The facility will more than quadruple the thermal management company’s engineering and manufacturing space. Last year, ThermAvant received $400,000 in funding from Missouri Technology Corp. to promote entrepreneurship and foster the growth of new and emerging high-tech companies.

February 21, 2019

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