St. Louis

St. Louis
Office Market
Report
OFFICE MARKET NEWS
C L AY TON
• NISA will be relocating its corporate office in 1Q 2014, from Old Town
Executive to Interco Tower, occupying approximately 60,000 RSF.
WES T COUNTY
• Cequel III will relocate its current corporate office at Manchester/Hwy. 270 to
520 Maryville Centre and 575 Maryville Centre, approximately 104,000 RSF.
S OUTH COU NTY
• Regus, the largest provider of executive office suites, will be opening its 5th
St. Louis area location in 3Q 2013 at Laumeier II.
Volume 5
August 2013
SPOTLIGHT ON CREVE COEUR
• Over 4.3 Million RSF of
office space
• Current vacancy rate of
approximately 8.8%
• Class A rental rates
$22.00 - $26.00
• Class B rental rates
$16.00 - $22.00
• CityPlace 6, approximately
224,000 RSF, is being
marketed for sale
DO WNTOWN
• Greensfelder has renewed its lease of approximately 114,000 RSF at 10 S.
Broadway for an additional five years.
EA RTH CITY
• US Bank has signed a lease to occupy approximately 47,000 RSF at 3301
Rider Trail in 3Q 2013.
CARLSON/WAPPELHORST
F E AT U R E D T R A N S A C T I O N
SSM Health Care Corporation
• Relocation of Corporate Headquarters to 10101 Woodfield
- approximately 64,000 RSF
• Renewal of existing leases in the Corporate Square Office
Park - approximately 150,000 RSF
CARLSON/WAPPELHORST
COMPLETED DEALS
• Total transaction value: $28,500,000
2Q 2013
PNC Center - Clayton
Expansion/Renewal - 9,700 RSF
Zebra Technologies
Chesterfield Ridge - Chesterfield
Renewal - 4,600 RSF
SyllogisTeks
The Turvey Building - Chesterfield
New - 4,400 RSF
Freedom Title
[email protected]
Mike Carlson, CCIM, SIOR
[email protected]
Brandon Wappelhorst
314-727-6664
www.facebook.com/sansonegroup
@sansonegroup
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