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Z Pizza deal complete in Clayton
Feb 1st
Congrats to Z Pizza on it’s new Clayton location, the first one in Missouri! John Shuff & Tom Erman of NAI DESCO helped broker the deal at 7600 Wydown, scheduled to open on April 6th.
The fast casual pizza chain focuses on fresh ingredients and healthier food using organic veggies, gourmet cheese and MSG & additive free meats. Check out their menu and learn more at their website: www.zpizza.com
St. Louis Retail Heats Up, an excerpt from Heartland RE Business
Jul 6th
The following is an excerpt from an article by Peter Sheahan of NAI DESCO published in the June 2012 issue of Heartland Real Estate Business. The original article is available here:
St. Louis Retail: Leasing, Development Activity Heats Up
Consumers are loosening their wallets in St. Louis, and the thaw in spending has given the local retail market a much-needed shot of adrenaline. The discount retailer is still king, but new concepts and developments are gaining ground. With positive absorption of space on the rise, investment sales are increasing.
St. Louis is poised to see a major development in the central trade area at the former Hadley Township site. After several failed attempts at development in the past 10 years, Hadley seems destined for redevelopment at last. The 40-acre site is located on I-64 in the central suburb of Richmond Heights and will consist of an assemblage of 150-plus commercial and residential parcels.
In the southern half of the development, Menards was selected by the city over Costco and will open one of its first St. Louis locations in early 2014. The site plan includes a 240,000-square-foot store with additional out parcels for retail and restaurant users.
April 2012 Real Estate Transactions
May 4th
The following are a sampling of real estate transactions completed by NAI DESCO agents during the month of April. For more information regarding these transactions, please contact the agent.
Carl Conceller, SIOR and Stephen Gwinnup, CCIM of NAI DESCO represented the seller, Fifth Third Bank, in the sale of seven residential condominiums at 652 Emerson in Creve Coeur to CJS Investments.
Josh Hibbits of NAI DESCO represented Family Dollar in the lease of 15,000 square feet of retail space at 11200 W Florissant Ave in Florissant from BRE Retail Residuel MO Owner LLC.
David Wittenauer, CCIM of NAI DESCO represented the landlord of 6697 Center Grove Rd in Edwardsville, IL in the lease of 3,627 square feet of retail space to New Cingular Wireless PCS.
Josh Hibbits of NAI DESCO represented The Pita Pit in the lease of 1,200 square feet of retail space at 215 Harvard Dr in Edwardsville, IL from Edwardsville Crossing LLC.
Josh Hibbits and David Wittenauer, CCIM of NAI DESCO represented the landlord of 1938 W Morton in Jacksonville, IL in the lease of 1,805 square feet of retail space to Game Stop Inc.
Workplace Wellness Company Moves into Laumeier Office Park
Jun 15th
John Sheahan, Jr., SIOR of NAI DESCO successfully represented H&H Health Associates in their lease of 4,838 square feet of office space at the Laumeier Office Park. The new headquarters of H&H Health Associates will be at 3660 S. Geyer Rd, Suite 100 in Sunset Hills, Mo. The company provides Workplace Wellness and Employee Assistance Program Services to their clients. Bluerock Property Management, Inc. is the landlord.
