ST. LOUIS—Stanton Road Capital, LLC has just acquired through an affiliate 100 S. 4th St., a 249,000 square foot class A office building in the CBD commonly known as the Deloitte Building. It's another sign that the downtown market here has popped up on the radar screens of out-of-town investors as leasing shows signs of improvement and major infrastructure projects approach completion.

The property was sourced on an off-market basis and the sale price was not disclosed. Developed in 1987, the 12-story property was designed by St. Louis-based HOK and originally occupied by MCI WorldCom. The property has since been converted to a multi-tenant building and was 100% leased at the time of acquisition by both national and regional tenants including Deloitte, Polsinelli and BMO Harris Bank.

“Our recent purchase of the Deloitte Building is consistent with our investment strategy to acquire value-add office properties in submarkets with improving leasing fundamentals,” says Tim Ronan, founder and managing partner of the El Segundo, CA-based SRC. “We believe the property will continue to retain and attract high-quality tenants due to its efficient floor plates, unobstructed views and nearby amenities including Busch Stadium, Ballpark Village and the CityArchRiver project.”