McCormack To Occupy 37,000-SF Office at Laclede

ST. LOUIS-McCormack Baron Salazar, a residential developer, has leased 37,000 square feet of office space in the Laclede Gas Building in the downtown near the Gateway Arch. Hertz Investment Group owns the 434,912-square-foot building, which is 85% occupied. The building, which is half century old, is a 31-story structure that is mostly occupied by the building namesake.

OAKDALE, MN-LaSalle Investment Management has hired NorthMarq to provide property management to the 165,000-square-foot Oakdale Village retail center. Located on the northwest corner of Interstate 94 and Radio Drive, the center is 98% leased with tenants such as Best Buy, Sports Authority and Homegoods. Eric Bjelland with NorthMarq had managed the sale of the property to LaSalle.

DEARBORN, MI-Paul’s TV, a California-based electronics retailer, has leased a 112,500-square-foot industrial building here in Fairlane Commerce Center. The five-year lease is valued at about $3 million, according to Hager Pacific Properties, the building owner. Randall Allman with CB Richard Ellis represented Hager and Marty Setzer with Core Real Estate Services LLC represented the tenant.