ST. LOUIS- Holliday Fenoglio Fowler, L.P. announced on Friday that it had been selected by The Koman Group to market the sale of CityPlace 6, a 223,960-square-foot, Class A office building in Creve Coeur, a suburb just west of St. Louis. HFF will market the property for an undisclosed amount free and clear of debt.
The 10-story office tower sits near the intersection of Interstate 270 and Olive Boulevard in the middle of the affluent suburban communities of west St. Louis County. RockTenn has a CityPlace 6 lease that covers 60 percent of the property's rentable portion through December 2021 with contractual rent growth. The property is 91 percent leased.
The HFF investment sales team representing the seller is led by senior managing directors Jaime Fink and Jeff Bramson and directors Mark Katz and Daniel Kaufman.
"CityPlace 6 offers an investor an attractive and stable yield for the next 8.5 years through RockTenn's investment grade credit anchor lease along with contractual rent growth," says Fink.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
