ST. LOUIS—The office market in this region's western suburbs has tightened considerably, and Centene Corp. just became the latest local firm to help push down the vacancy rate further. The provider of health plans through Medicaid, Medicare and the health insurance marketplace has decided to lease all 117,618 square feet at Timberlake Corporate Center II in suburban Chesterfield from Franklin Street Properties Corp.
“This represents pure growth for Centene in St. Louis,” DTZ executive managing director Jim Mosby tells GlobeSt.com. Wakefield, MA-based Franklin Street was represented by Mosby, associate D.J. Fuchs and associate Danielle Grubbs. DTZ executive managing director Scott Bazoian represented the tenant.
Centene also has a great deal of space in nearby Clayton and Fuchs says the company is one of the fastest growing in the region. But in some respects it's not unusual. “Most of our clients are talking about needing more space.”
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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.
