Westar Office Portfolio St. Louis, MO

Triple Net Leased
Investment
Offering
INVESTMENT
OFFERING
INVESTMENT OFFERING
64
Westar Office Portfolio
St. Louis, MO
OFFERING
Colliers Investment Services Group has been retained by Owner, to act as exclusive marketing agent in the sale of the Westar
Office Portfolio in St. Louis, MO.
INVESTMENT HIGHLIGHTS
Long Term Triple Net Leases
The Westar Portfolio, which contains two buildings totalling 161,125 square feet of Class A office space, is 100% leased
to Westar Aerospace and Defense Group (“Westar”), a leading provider of high-value engineering, software and logistics
solutions to the defense, space and security industries. The buildings are leased on a triple net basis with lease expirations
of 12/31/2014 (60,000 SF) and 12/31/2017 (81,125 SF).
Strong Credit Tenant
Westar generates annual revenues in excess of $200 million and has
been a leader in the defense technology industry for the past 20 years.
Westar is a wholly owned subsidiary of QinetQ North America, which
is a subsidiary of UK-based QinetiQ (London: QQ.), an international
defense and security technology company with approximately 2,500
employees in the U.S. and a worldwide staff of over 9,000. With annual revenues in excess of $872 million QinetiQ is Europe’s largest
science and technology company.
Increasing Cash Flows and Appreciation Potential
The Westar leases include contractual rental increases generating
increasing cash flow returns. Both properties, (the second building
containing 81,125 square feet is currently under construction with a
scheduled completion of 1/2007), will be constructed to the highest
quality specifications providing potential investors with long term appreciation potential.
Exceptional Location
The Westar Portfolio is extremely well located in the Missouri Research Park along the I-64/U.S. Highway 40 Technology Corridor in
St. Charles County, the high growth corridor in metropolitan St. Louis
and one of the fastest growing counties in the Midwest. Recent high profile corporate campuses that have been constructed
along the Technology Corridor include MasterCard International (520,000 sf), Citicorp (535,000 sf), MCI (385,000 sf) and
Enterprise Rent-A-Car (163,000 sf).
High Profile Business Park
The 130 acre Missouri Research Park, where the Westar Portfolio is located, was developed specifically for high-tech and
research users. The Park provides numerous amenities, including redundant fiber optics provided by SBC and maintains
strict protective covenants to ensure first class low density development. Prestigious tenants located within the Missouri
Research Park include A.G. Edwards, Nike IHM, the Federal Aviation Administration, the National Weather Service and
Novus International.
New Construction
The larger of the two buildings in the portfolio is under construction, with scheduled completion in January, 2007 and the
smaller building was originally built in 2000 and expanded by 20,000 SF in 2004. Both buildings are Class A corporate
headquarters facilities with high quality finishes, abundant parking, and state-of-the-art technology features throughout.
PORTFOLIO OVERVIEW
Building 1 (Lot #4)
Building 2 (Lot #23B)
Net Rentable
Area (SF):
60,000 SF
81,125 SF
Stories:
1 story
3 story
Year Built:
2000/2004
(40,000 SF in 2000, expanded in 2004)
Parking:
214 spaces
(3.57/1,000 SF)
2007
331 spaces
(4.06/1,000 SF)
MO. 94
A.G. Edwards
MCI
Lot #23B/Westar
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Millipore
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Inter
Federal Aviation
Interthinx
Distribution
Management, Inc.
Lot #4/Westar
Nexstar
AFB
International
Novus
International
94
Wentzville
70
40
94
61
67
LAKE
ST. LOUIS
70
O’FALLON
ST. CHARLES
8
Dardenne
1
2
3
4
5
6
7
8
Prairie
MCI Worldcom Campus
40
61
2
WingHaven®
3
6
MasterCard International Campus
5
4
'VUVSF)XZ
CitiGroup Campus
1BHF&YUFOTJPO
August Busch
BJC Progress West Hospital
1
Wildlife Area
Entreprise Leasing Data Center
Chesterfield Commons
Weldon Spring
Mid Rivers Regional Mall
Wildlife Area
370
70
ST. PETERS
EARTH CITY
94
270
BRIDGETON
270
364
SAINT CHARLES
COUNTY
70
WELDON
SPRING
SAINT LOUIS
COUNTY
Westar Office Portfolio
270
TOWN &
COUNTRY
7
64
170
UNIVERSITY CITY
CREVE
COEUR
LADUE
40
61
CLAYTON
64
CHESTERFIELD
40
BRENTWOOD
SAINT LOUIS
CITY
55
RICHMOND
HEIGHTS
44
94
WILDWOOD
ELLISVILLE
BALLWIN
WEBSTER
GROVES
67
100
141
255
CRESTWOOD
109
For more information, contact:
55
SUNSET
HILLS
44
FENTON
21
270
Paul M. Hilton, CCIM
Senior Vice President, Principal
7701 Forsyth Boulevard, Suite 500
St. Louis, MO 63105
Telephone: 314-746-0313
Facsimile: 314-862-1648
www.ctmt.com/cisg
Michael P. Hanrahan
Vice President
7701 Forsyth Boulevard, Suite 500 St. Louis, MO 63105
Telephone: 314-746-0371
Facsimile: 314-862-1648
www.ctmt.com/cisg
James W. Mosby,
CCIM, SIOR
255
255
Vice President
7701 Forsyth Boulevard, Suite 500
St. Louis, MO 63105
Telephone: 314-746-0316
Facsimile: 314-862-1648
www.ctmt.com
70