Lingerfelt Commonwealth Partners recently expanded its Midwest portfolio by scooping up Pierre Laclede Center I and II in St. Louis from a real estate investment trust affiliated with KBS. At $97.2 million or approximately $160 per square foot, the late-May sale ranks as one of the highest-priced acquisitions in the St. Louis market.
East Coast Investor Makes High-Priced Acquisition of Pierre Laclede Center Towers in St. Louis
CoStar Market Insights: Lingerfelt CommonWealth Partners Expands Midwest Portfolio in High-Performing Clayton Submarket
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IN THIS ARTICLE
- Properties
- The Plaza in Clayton
190 Carondelet Plz, Clayton, MO
- The 101
101 Hanley Rd, Clayton, MO
- Pierre Laclede Center II
7733 Forsyth Blvd, Clayton, MO
- 2345 Grand
2345 Grand Blvd, Kansas City, MO
- Centene Plaza C
7676 Forsyth Blvd, Clayton, MO
- Companies
- Pacific Oak Strategic Opportunity REIT II
Finance and Insurance
- KBS REIT III, Inc.
Real Estate
- Contacts
- William Bradford
Asset Manager, Stream Co
- Jaime Fink
Senior Managing Director, JLL
- Sam DiFrancesca
Director, JLL
- Daniel Kaufman
Senior Managing Director Co-Head, JLL
- Patrick Shields
Senior Director, JLL