Search
 

1M-SF Land, 110,000-SF Asset Up for Grabs

ST. LOUIS-Brookfield Asset Management, headquartered in Toronto, Ontario, is putting a 110,057-sf office building and three adjacent parcels on the block.

By Dana Dubriwny | Updated on August 20, 2006

ST. LOUIS-Brookfield Asset Management, headquartered in Toronto, Ontario, is putting a 110,057-sf office building and three adjacent parcels on the block. Together, the office property, located at 1881 Pine St., and the neighboring development area represent one million sf of developable land.

Currently, Bush Creative Services is leasing 57% of the building at $15.25 per sf. The company’s lease expires in January, at which time the property will become vacant. Andrew Sheir, senior vice president with Jones Lang LaSalle and local marketing agent for the property, says the building is well-suited for a company’s headquarters. The marketing team, which also includes Guy Ponticello, managing director, and Chad Tepley, associate, expects to attract a broad range of investors as well as users.

“This building is just one of a few in the St. Louis market that is available and ready to accommodate a large user,” Sheir tells GlobeSt.com. “We think it’s positioned pretty well now.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.