David Wittenauer of NAI DESCO recently completed the lease of 1,075 square feet of in-line retail space at 3012 S. State Route 159 in Glen Carbon, IL. The space was leased to Adam Wolfe who plans on opening a State Farm Insurance office. Wittenauer represented the owner, Missouri Real Estate & Insurance Agency, Inc.
David Wittenauer of NAI DESCO recently completed the lease of 1,540 square feet of in-line retail space at 1095 N. Green Mount Rd in Belleville, IL. The space was leased to Scottrade. Wittenauer represented the owner, Threlkeld Family Investment, LLC.
Matt Hirsch and Barry Iken of NAI DESCO recently completed the lease of 2,261 square feet of medical space to St. Louis Internal Medicine at 3915 Watson Rd in St. Louis City, Mo. Hirsch and Iken represented the landlord, C5, Inc.
Barry Iken of NAI DESCO recently completed the lease renewal of 6,194 square feet of retail space at 8075-81 Mexico Rd, St. Peters, as well as the expansion of 2,800 square feet of contiguous space. The total space (8,994 square feet) was leased by Ft. Zumwalt School District. The shopping center is located across the street from Ft. Zumwalt High School.
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.