Missouri Bank Building Opens 50% Leased

BLUE SPRINGS, MO-Blue Ridge Bank & Trust is looking to lease up its new $20-million headquarters building here over the coming months. The bank occupies the first and second floors and part of the top floor of the six story, 100,000-sf building. The other half of the building is being marketed for lease at a full-service asking rate of around $21.50 per sf per annum.The building is located on the northwest corner of Little Blue Parkway and Valley View Parkway, off a new exit from I-70. Sitting on top of a ridge, it is the highest office building in the city. Suzanne Dimmel and Mike Posten of Colliers, Turley, Martin and Tucker have the leasing assignment. Dimmel tells GlobeSt.com that one lease has been signed for about three-quarters of the fifth floor. The tenant will use the space as its national headquarters. She declined to name the tenant, citing a non-disclosure agreement. Additionally, Dimmel says three tenants will sign on for the balance of the fifth floor by June 1. Those tenants will be announced when the leases are signed, she says.The leasing progress leaves to be leased all of the third and fourth floors, and all but 3,000 sf of the top floor, where the bank keeps its boardroom. Despite office vacancy in the 20% range for class A and B properties, Dimmel likes her chances of leasing up the building. “It is clearly the most prominent building in eastern Jackson County, and one of the five top buildings in the city,” says Dimmel. “And with excellent demographics, major companies are looking to have a presence in the area.”While it will no longer hold the company’s headquarters, Blue Ridge Bank & Trust will continue to occupy space in Blue Ridge Tower near the Blue Ridge Mall. The bank still has 15 years on its lease in the building.