Search
 

Tryperion Buys 637K of St. Louis Space

ST. LOUIS—Officials from the Los Angeles-based fund said they were originally attracted to the great mix of tenants in this suburban portfolio.

By Brian J. Rogal | Updated on November 19, 2013

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.

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.