John Sheahan, Jr., SIOR of NAI DESCO recently completed the purchase of a 61,259 square foot industrial building at 2345-49 Chaffee Dr, Maryland Heights, on behalf of the purchaser, DAW Real Estate, LLC. The building was purchased by an owner/user who will occupy half of the building for their engineered lubricant company while leasing the remaining portion. The seller was the Phoenix Learning Group, Inc.
McDonald comes to NAI DESCO with extensive commercial real estate experience. A St. Louis native, McDonald started his real estate career at Gundaker Commercial completing deals in many facets of real estate including office, industrial, retail, land, medical and investments. Throughout his career, McDonald has been involved in hundreds of transactions representing local and national landlords, buyers and tenants.
Floyd Sweeney, SIOR, MCR of NAI DESCO recently completed the purchase of 4.7 acres of land on behalf of the buyer, A-1 Locker Self Storage. The land is located at 4440 Meramec Bottom Rd in South St. Louis County and was purchased from Two Eleven Lemay Corporation. The purchaser will build a storage locker facility on the site.
Matt Hirsch and John Shuff of NAI DESCO recently completed the lease of 1,000 square feet of retail space to Super Deli Magic Market at 640 W. Woodbine Ave in Kirkwood, Mo. Hirsch and Shuff represented the landlord, STNT, LLC. The center is now 85% leased.
Congratulations to Josh Hibbits of NAI DESCO for assisting the Pita Pit in leasing their first location in St. Louis. The new store, which will sell pita sandwiches, salads and smoothies, will be located at 206 N. 9th Street in Downtown St. Louis, Mo. The 2,037 SF in-line retail space was leased from Paul Brown Developer, LP.
The following is from a Post-Dispatch article by Tim Bryant on June 22, 2011:
Workers are putting up walls for a Fifth Third Bank branch scheduled to open in about four months in 3,900 square feet of ground-floor space at the Syndicate Trust building downtown.
Most of the 16-story building in the 900 block of Olive Street has been redone as condos and apartments. And most of them are occupied. But the ground-floor space has struggled to attract tenants. So far, the only open business is a Clarkson Eyecare outlet.
Fifth Third is taking the corner space just west of Clarkson. John Shuff, a broker at NAI Desco, said today the bank has signed a 10-year lease. More tenants may be coming to the building soon, Shuff added.
Potential tenants include a restaurant, a clothing retailer and perhaps office users, he said. Shuff noted that the 14,000 square feet of ground-floor space remaining is too small to accommodate all the potential tenants.
“We’re trying to put as many irons in the fire as possible,” he said.
Read the original article here.
Congratulations to John Sheahan, Jr., SIOR and Floyd Sweeney, SIOR, MCR of NAI DESCO for assisting the landlord and tenant respectively in the lease of a 21,036 square foot industrial building at 106-108 N. Cool Springs Rd in O’Fallon, Mo. The new tenant, the Fieldhouse Training Center, will feature indoor batting and pitching facilities for aspiring baseball stars. The landlord was MP Industries, Inc.
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.
Dan Hayes of NAI DESCO recently completed the lease of 8,847 square feet of industrial space at 17993 Chesterfield Airport Rd in Chesterfield (Valley). Hayes represented the tenant, St. Louis Safety Inc., in the lease of the warehouse space from Insight Holdings, LLC. St. Louis Safety is the distributor of a full line of personal and industrial safety products.
John Sheahan, Jr., SIOR of NAI DESCO recently completed the lease of a 12,500 square foot industrial building located at 605 Arrow Lane, O’Fallon, Mo on behalf of the tenant, MAC Sales, LLC. The new tenant will host monthly dealer to dealer auctions at the facility. In addition, they will use the space to store merchandise, primarily RVs, boats and construction equipment, between auctions. The landlord was Partners Group, LLC.