Tryperion Buys 637K of St. Louis Space

ST. LOUIS—Tryperion Partners has just acquired a 637,000-square-foot class A office portfolio of six properties located throughout suburban St. Louis. Tryperion partner Joseph Kessel told GlobeSt.com that the portfolio is over 90% leased under long-term leases and includes the national headquarters for Energizer Holdings and Panera Bread, and regional headquarters for Equifax and New Balance.

“Generally speaking, we were attracted to the tenants that comprise this portfolio,” Kessel said. However, the Los Angeles-based fund, which largely focuses on western markets, was also impressed with the health and diversity of the metropolitan area’s office market. The submarkets surrounding the central city have been particularly impressive. “If you look at where the growth has been concentrated in St. Louis, generally it’s been in the suburbs, especially the western suburbs.” He cited Town and Country, a suburb about 12 miles west of the city, as a standout, along with St. Charles County, which spreads out north and west of St. Louis.