ST. LOUIS, MO.— Lakeside Property LLC, a private investment group, has acquired a 23,500-square-foot, mixed-use building in St. Louis for more than $2 million. BankLiberty was the seller of the building, which is located at 11401 Olive Blvd.
The multi-tenant building is anchored by ground floor tenants Enterprise Bank and an insurance firm. The second floor of the building, totaling approximately 12,500 square feet, is vacant but fully furnished.
Champion Bank developed the building in 2008. It occupied approximately 20,000 square feet of space until April 2010 when the bank’s assets, including this piece of commercial real estate, were taken over by the Federal Deposit Insurance Corp. BankLiberty was assigned the assets.
David Biales and David Steinbach of Jones Lang LaSalle represented BankLiberty in the transaction.